Methanol Market Global Analysis Trends, Share, Size, Growth, Opportunity and Forecast 2018 - 2026

                                                                               
Methanol (CH3OH), often known as wood alcohol, is a colourless, volatile, light liquid alcohol with a characteristic odour.

               Methanol Market


Methanol (CH3OH), often known as wood alcohol, is a colourless, volatile, light liquid alcohol with a characteristic odour. It consists of a methyl group coupled to a hydroxy group and is the most basic kind of alcohol. Methanol is now made by mixing carbon monoxide gas with hydrogen in the presence of a catalyst, rather than by destructive distillation of wood. It is miscible in a variety of solvents, including water, alcohol, ether, and ketones, and has a low rate of evaporation and radiant heat energy. It is frequently employed as a general solvent and in the production of resins, medicines, and perfumes due to these qualities.

Increasing use of methanol as a blended fuel in various transportation systems as a result of environmental concerns; this aspect is projected to drive market expansion. The depletion of natural resources for use as a fuel has resulted in an increase in demand for various alternative products and solutions, which is projected to drive Methanol Market growth. Due to a lack of practical and effective technology, the high cost of converting methane into liquids for use in various applications and end-users is likely to limit market growth.

The need for methanol for the synthesis of dimethyl ether and Methyl tert-butyl ether (MTBE), which are used as gasoline substitutes, is predicted to increase. DME is utilised in passenger vehicles as a fuel (diesel) and as an aerosol propellant, and it is also blended into Liquefied Natural Gas (LNG).


Market Segmentation:

By Feedstock Type
  • Oil & Gas
  • Coal

By Application
  • Formaldehyde
  • Acetic Acid
  • MTBE
  • DME
  • Gasoline

By End-use Industry
  • Automotive
  • Construction
  • Others
Some of the leading players operating in the global methanol market include BASF SE, Celanese Corporation, Methanex Corporation, Methanol Holdings (Trinidad) Limited (MHTL), Mitsubishi Gas Chemical Co., Inc. (MGC), Mitsui & Co., Ltd., Petroliam Nasional Berhad (Petronas), SABIC, Valero Marketing and Supply Company, and Zagros Petrochemical Company (ZPC), among others.

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