Chemical: Methanol

Showing posts with label Methanol. Show all posts

Thursday, May 20, 2021

Methanol Market Worth $26.6 Billion By 2025 | At A CAGR of 5.5%

The Methanol market size is expected to grow at a CAGR of 5.5%, by value, during the forecast period. The market is estimated to be USD 20.4 billion in 2020 and is projected to reach USD 26.6 billion by 2025. Thedriving factors for Methanol market is its growing demand from automotive industry.

COVID-19 Impact on the Methanol Market

The global Methanol market includes major Tier I and II suppliers like as Celanese Corporation (Texas), BASF SE (Germany), Methanex Corporation (Canada), SABIC (Saudi Arabia), PETRONAS (Malaysia), Mitsubishi Gas Chemical Company (Japan), and Mitsui & Co., Ltd. (Japan). These suppliers have their manufacturing facilities spread across various countries across Asia Pacific, Europe, North America, South America, and Middle East & Africa. COVID-19 has impacted their businesses as well.

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Recent Developments

In February 2019, it acquired a 365-kt synthesis gas production unit from Linde AG, located at Clear Lake, Texas facility. The acquisition strengthened the capability of managing future productivity and growth in the production of acetic acid.
In June 2019, BASF and Sichuan Lutianhua Co., Ltd. (Lutianhua) signed an MoU to co-develop a pilot production plant that will significantly reduce carbon emissions and increase energy efficiency in producing dimethyl ether (DME) from syngas compared to the traditional process.
In June 2020, Saudi Aramco acquired 70% stakes of SABIC from the Public Investment Fund (PIF), for a total purchase of USD 69.1 billion. This transaction enhances Aramco’s presence in the global petrochemicals industry, a sector expected to record the fastest growth in oil demand in the years ahead.

**Methanol Market worth $26.6 billion by 2025**

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APAC is expected to hold the largest market share in the global methanol market during the forecast period.

Asia Pacific accounted for the largest share of the Methanol market in 2020. Factors such as the rapidly increasing consumption of methanol in the automotive, construction and phramacutical industries in countries such as China, Japan, India, South korea and Australia have led to an increased demand for Methanol in the Asia Pacific region.

♦ Leading Key Players -

Celanese Corporation (Texas), BASF SE (Germany), Methanex Corporation (Canada), SABIC (Saudi Arabia), PETRONAS (Malaysia), Mitsubishi Gas Chemical Company (Japan), and Mitsui & Co., Ltd. (Japan) are the leading methanol manufacturers, globally.

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Friday, January 22, 2021

Methanol Market worth $26.6 billion by 2025 - MarketsandMarkets

[336 Pages Report] The Methanol market size is expected to grow at a CAGR of 5.5%, by value, during the forecast period. The market is estimated to be USD 20.4 billion in 2020 and is projected to reach USD 26.6 billion by 2025. Thedriving factors for Methanol market is its growing demand from automotive industry.

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COVID-19 Impact on the Methanol Market

These players have announced the suspension of production due to the lowered demand, supply chain bottlenecks, and to protect the safety of their employees in the US, France, Germany, Italy, and Spain during the COVID-19 pandemic. As a result, the demand for methanol is expected to decline in 2020. Manufacturers are likely to adjust production to prevent bottlenecks and plan production according to demand from tier 1 manufacturers.

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Methanol : Market Dynamics:

Driver:Increasing demand for petrochmeicals in APAC

Methanol is used large-scale production of petrochemicals. The growth in petrochemicals demand in APAC is driving the methanol market. The use of petrochemicals in end-use industries such as automotive and construction is the main driving force for the methanol market. In the petrochemical industry, organic chemicals with the largest production volume are methanol, ethylene, propylene, butadiene, benzene, toluene, and xylenes. Ethylene, propylene, and butadiene, along with butylene, are collectively called olefins. Methanol is a forerunner to a variety of chemical products and is generally referred to as primary petrochemical. The production of olefins from methanol is coming as a major driver for the growth of methanol in the petrochemical industry. MTO/MTP is the third-largest and the fastest-growing derivative segment in the methanol market. Methanol-to-olefins and methanol-to-propylene (MTO/MTP) applications are gaining momentum. This usage is driven solely by China.

Friday, May 22, 2020

In-depth Analysis of the COVID-19 Impact on Methanol Market

Methanol Market size was of worth USD 29.62 Billion in 2015, and is expected to register a CAGR of 12.4% between 2016 and 2021. In this study, 2015 is considered as the base year and 2021 as the forecasted year for estimating market size of methanol. The objective of the study are:

To define and segment the methanol market by feedstock, derivative, sub-derivative, end-use industry, and region
To estimate and forecast the market for methanol, in terms of value and volume
To estimate and forecast the market for methanol by feedstock, derivatives, sub-derivatives, end-use industry, and region at country level

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The feedstock suppliers in the methanol market are oil & gas producing companies and coal mining companies. British Petroleum (U.K.), Shell (Netherlands), CNOOC (China), PEMEX (Mexico), China Shenhua Energy (China), Amuminium Corporation of China Limited (China), China Coal Energy (China), and others provide feedstock, namely, natural gas, and coal to the methanol manufacturers. Methanol manufacturing companies such as Methanex Corporation (Canada), SABIC (Saudi Arabia), and Mitsui & Co., Ltd. (Japan) process these feedstocks to prepare different types of methanol derivatives and sub-derivatives, which are suitable for various end-use industries incorporating new technologies.

On the Basis of End-use Industry:

Construction
Automotive
Electronics
Appliances
Solvents
Pharmaceuticals
Insulation
Packaging (PET Bottles)
Paints & Coatings
Others

Available Customizations: The following customization options are available in the report:

Company Information
Analysis and profiling of additional global as well as regional market players (Up to 3)

The global methanol market size, in terms of value, is projected to reach USD 54.16 Billion by 2021, at a CAGR of 12.4% between 2016 and 2021. The increasing use of methanol as fuel in the automotive industry, increasing olefins production from methanol-to-olefin/methanol-to-propylene (MTO/MTP) plants in China, increasing petrochemicals demand, globally, continuous expansions, and various joint ventures & agreements undertaken by different companies are the key factors for the growth of the global market.

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Monday, April 8, 2019

Methanol Market worth 54.16 Billion USD - Global Trends & Forecasts to 2021

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The methanol market has a few global players competing significantly for the market share, who are actively investing in various strategies such as expansions and joint ventures & agreements globally to increase their market. Also, companies are investing in R&D activities. Key players such as Methanex Corporation (Canada), SABIC (Saudi Arabia), PETRONAS (Malaysia), Mitsubishi Gas Chemical Company (Japan), and Mitsui & Co., Ltd. (Japan) have adopted various organic and inorganic developmental strategies. The diverse product portfolio and strategically positioned R&D centers, continuous adoption of development strategies, and technological advancements are few factors that are responsible for strengthening the position of these companies in the market. They have been adopting various organic and inorganic growth strategies such as joint ventures & agreements and expansions to enhance the current market scenario of methanol.

These stakeholders include:

Methanol manufacturers
Methanol traders
Distributors and suppliers
End-use market participants of different segments of methanol
Government and research organizations
Associations and industrial bodies
Research and consulting firms
R&D institutions
Environment support agencies
Investment banks and private equity firms

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Automotive is the largest end-use industry of the market and accounted for more than 20% of total market share in 2015. Methanol can be used directly in internal combustion engines of vehicles and aircrafts, with similar efficiency to diesel engines. Currently, methanol is used as an ideal fuel for transportation in many parts of the world, due to its efficient combustion, and low cost compared to all other fuels.

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Monday, February 11, 2019

Methanol Market is Projected to Reach Worth 54.16 Billion USD by 2021

The report "Methanol Market by Feedstock (Natural Gas and Coal), Derivative (Formaldehyde, MTO/MTP, Gasoline, MTBE, and MMA), Sub-derivative (UF/PF Resins and Olefins), End-Use Industry (Construction, Automotive, and Electronics) and by Region - Global Trends & Forecasts to 2021", The global methanol market is projected to reach USD 54.16 Billion by 2021, registering a CAGR of 12.4% between 2016 and 2021. This growth is fueled by the use of methanol as fuel in the automotive industry, increasing olefins production from methanol-to-olefin (MTO)/methanol-to-propylene (MTP) plants in China, and increasing petrochemicals demand, globally.

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The methanol market has a few global players competing significantly for the market share, who are actively investing in various strategies such as expansions and joint ventures & agreements globally to increase their market. Also, companies are investing in R&D activities. Key players such as Methanex Corporation (Canada), SABIC (Saudi Arabia), PETRONAS (Malaysia), Mitsubishi Gas Chemical Company (Japan), and Mitsui & Co., Ltd. (Japan) have adopted various organic and inorganic developmental strategies.

On the Basis of Feedstock: The methanol market is segmented on the basis of feedstock that include

Natural Gas
Coal
Others

On the Basis of Derivative: The market is segmented on the basis of derivative that include

Formaldehyde
Acetic Acid
Gasoline
Methanol-to-Olefins/Methanol-to-Propylene (MTO/MTP)
Methyl Tert-Butyl Ether (MTBE)
Dimethyl Ether (DME)
Methyl Methacrylate (MMA)
Biodiesel
Others

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Coal: The largest feedstock of methanol

The global production of methanol is 40 million tons per year, most of which is produced from natural gas and oil. However, high prices and limited reserves of natural gases in certain geographical areas such as China and Africa have stimulated interest in unconventional feedstock for the production of methanol. Thus, coal comes across as a sustainable alternative raw material for large scale methanol production owing to its abundance, low cost and efficient coal gasification technology.

MTO/MTP: The fastest-growing derivative of methanol

MTO/MTP is the fastest-growing derivative segment in the methanol market. Methanol-to-olefins and methanol-to-propylene (MTO/MTP) applications are gaining momentum and are expected to become the largest derivative of methanol, in terms of both, value and volume, by 2021. Ethylene and propylene are the major feedstocks of polyethylene and polypropylene plastics, respectively, which are in huge demand. The demand of these olefins is the major driver for the massive growth of the methanol market in MTO/MTP derivative.

Asia-Pacific: The largest and fastest-growing market for methanol

Asia-Pacific is the most favorable market for chemicals, power, and fuels and is anticipated to be the same in the coming years. The continuous rise in the production of methanol, as an alternative fuel for automotive in the region is the main driving force of the methanol market. The growing demand and policies including emission control, environment friendly products, and so on, have led to innovation and developments in the industry, making it a strong methanol production hub, globally. The excessive growth in the production of olefins, and rise in MTO/MTP plants in China since last few years are working as a driver in the methanol production in the Asia-Pacific region.

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Mr. Shelly Singh
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