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Methanol Market size to Increase by USD 13.23 Bn | Featuring Top Vendors Including BASF SE, Celanese Corp., and ENERKEM Inc. | Technavio

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Key takeaways from methanol market study

  • Methanol market size to increase by USD 13.23 billion at over 10% CAGR between 2020 and 2025
  • 9.80% year-over-year growth expected in 2021
  • 78% market growth to originate in APAC during the forecast period
  • Automotive segment accounted for maximum growth in the market in 2020
  • Dominant vendors include BASF SE, Celanese Corp., ENERKEM Inc., and others

Methanol Market: Growth Drivers and Restraints

The methanol market is driven by the rising demand for methanol from China. Methanol easily blends with conventional fossil fuels to offer clean fuel benefits at a low cost. Hence, the use of methanol as fuel has been gaining momentum in developing countries such as China, Brazil, and India. In China, methanol is emerging as an ideal solution in meeting the country’s increasing fuel demands. Besides, the high availability of coal resources has helped China to become the prominent consumer and producer of methanol worldwide. All these factors are increasing the demand and consumption of methanol in China, which is driving the market growth.

“Although the increasing adoption of the MTO technology and the increasing demand for petrochemicals in APAC will further boost the market growth, fluctuating prices of methanol might reduce the growth opportunities for market players”, says an analyst at Technavio.

The methanol market report answers questions such as:

  • Is the market structure fragmented or concentrated?
  • What was the market size in 2020 and the forecast of the methanol market through 2025?
  • Which are the best segment areas to invest in over the forecast period?
  • What is the market share of dominant and strong vendors in the methanol market?
  • What are the inhibiting factors and the impact of the COVID-19 on the methanol market growth?
  • What are the latest trends and regulatory frameworks in the methanol market?

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Methanol Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

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Accelerate at a CAGR of over 10%

Market growth 2021-2025

USD 13.23 billion

Market structure

Fragmented

YoY growth (%)

9.80

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

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APAC at 78%

Key consumer countries

China, South Korea (Republic of Korea), Japan, US, and India

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

BASF SE, Celanese Corp., ENERKEM Inc., INEOS Group Holdings SA, LyondellBasell Industries NV, Methanex Corp., OCI NV, and Proman AG

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.

Customization purview

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If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Market Scope Table:

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing… View our methanol market snapshot to unlock TOC

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

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Source: https://www.prnewswire.com:443/news-releases/methanol-market-size-to-increase-by-usd-13-23-bn–featuring-top-vendors-including-basf-se-celanese-corp-and-enerkem-inc–technavio-301411960.html

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