Receive daily email alerts, subscriber notes & personalize your experience. The worldwide market for Methanol Market is expected to grow at a CAGR of roughly x.x% over the next ten years, and will reach US$ XX.X Mn in 2028, from US$ XX.X Mn in 2018, according to a new Market.us (Prudour Research) study. But supplies are still readily available and there has not been a significant increase in demand for export material to put more of a dent in supply levels. It is the simplest type of alcohol and consists of a methyl group linked with a hydroxy group. According to the latest report by IMARC Group, titled “Methanol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global methanol market size reached US$ 24.7 Billion in 2018. The global methanol market size was estimated at USD 31.81 billion in 2018 and is projected to accelerate at a CAGR of 2.9% from 2019 to 2025. The market growth in developing countries and additional upcoming capacities in the US are expected to impact the trade scenarios for methanol. COVID-19. MI member Methanol Market Services Asia (MMSA) has provided its most recent historic methanol market assessment of key global pricing and supply/demand figures. The global Bio Methanol market was valued at US$ XX.X Mn in 2018 and is projected to increase significantly at a CAGR of x.x% from 2019 to 2028. (February 19, 2020). Drivers: Rising demand for renewable methanol as a motor fuel across the transportation industry is projected to augment market growth. Global demand of methanol is mainly driven by the production of other basic chemicals whic… Learn more about how Statista can support your business. Chart. Please do not hesitate to contact me. This compound is an efficient fuel and emits lesser particulate matter (PM) and NOx as compared to substitute compounds. Methanol, chemical formula (CH 3 OH), is colorless and volatile liquid alcohol produced by oxidizing methane. New methanol plants under development in the United States are increasing natural gas consumption in the industrial sector. You only have access to basic statistics. The global ethanol market size was valued at USD 89.1 billion in 2019 and is anticipated to register a compound annual growth rate (CAGR) of 4.8% from 2020 to 2027. The US market currently stands little less than 7% of the global market but is a significant market nevertheless. 400 Capitol Street, Second Floor. Methanol Prices CH3OH grade A (minimum 99.85 wt% methanol, maximum 0.15 wt% water) and grade AA (minimum 99.85 wt% methanol, maximum 0.10 wt% water, maximum 0.001 wt% ethanol, maximum 0.002 wt% acetone). Accessed January 08, 2021. https://www.statista.com/statistics/974802/us-methanol-production-volume/, American Chemistry Council. The ideal entry-level account for individual users. About Us; Methanex Express; News; Contact; Global Locations; 梅赛尼斯在中国 ; Our Business. New, Figures and insights about the advertising and media world, Industry Outlook Methanex is the methanol market leader, with production assets in the Americas, Africa, and Asia, and benefits from a comprehensive supply chain network to distribute methanol on a global scale. LONDON--(BUSINESS WIRE)--The methanol market is expected to grow by USD 15.62 billion during 2020-2024, according to Technavio.The report offers … Worldwide, over 90 methanol plants have a combined production capacity of about 110 million metric tons (almost 36.6 billion gallons or 138 billion liters). Demand for methanol is high in the market. The US methanol market will be monitoring changes in oil markets and demand from Chinese methanol-to-olefins units in a fourth quarter that will also feature the startup of a US plant, market sources said this week. Update, Insights into the world's most important technology markets, Advertising & Media Outlook 4.2.1 Usage of Ethanol Fuel or Bio Ethanol in Comparison to Methanol. Then you can access your favorite statistics via the star in the header. This report further provides a detailed overview of all major producing companies by region including capacity, location, and feedstock used. Market Analysis: Global Methanol Market . The report also provides the market … Global methanol market figures take a little parsing, says Marc Laughlin, associate director for syngas chemicals at IHS. • Global demand for methanol in the last 5 years has grown by more than 45% to $32 billion in annual sales. Methanol is the simplest alcohol and is a type of petrochemical. Two major forces have converged to create a fundamental shift and multi-million dollar opportunity in the US methanol market. Europe (Valid January 1, 2021 - March 31, 2021) Methanex European … Increasing consumption of methanol for the production of dimethyl ether and Methyl tert-butyl ether (MTBE), utilized as the alternatives for gasoline, is expected to propel the growth. 4.1.2 Rising Demand for Methanol-based Fuel. US Methanol Market Share (in %) by Company: 2018 & 2025. Please authenticate by going to "My account" → "Administration". Are you interested in testing our corporate solutions? Chart. Methanol Market 2020-2024: Key Highlights. Methanol Market US Methanol Texas methanol start-up marks beginning of new era in US 25 June 2018 22:24 HOUSTON (ICIS)--The commercial start-up of the OCI Natgasoline plant this week… The MTO/MTP market … ", American Chemistry Council, Methanol production in the United States from 1990 to 2019 (in 1,000 metric tons) Statista, https://www.statista.com/statistics/974802/us-methanol-production-volume/ (last visited January 08, 2021), Methanol production in the United States from 1990 to 2019, Chemical industry: global revenues by region 2016-2019, Global revenue distribution of the chemical industry by region 2019, Revenues of the ten leading chemical markets 2019, Value of chemicals exported from the UK 2010-2018, Value of chemicals exported from the UK 2018, by country, Value of chemicals imported by the UK 2010-2018, Value of chemicals imported to the UK by country 2018, Value of chemicals imported and exported by the UK 2018, by region, Net income of the leading chemical companies in the United Kingdom (UK) 2020, Market capitalization ranking of chemical companies in the United Kingdom (UK) 2020, Number of chemicals manufacturing enterprises in the UK in 2020, by turnover, Number of chemical product manufacturing enterprises in the UK 2020, by employment, Key figures of the UK chemical industry 2018, Turnover of the chemicals manufacturing industry in the UK 2008-2017, Production value of the chemical manufacturing industry in the UK 2008-2016, Personnel costs of the chemical manufacturing industry in the UK 2008-2017, Number of employees in the chemical manufacturing industry in the UK 2008-2018, Number of chemical scientists in the United Kingdom (UK) 2011-2020, Workforce of the leading chemical companies in the United Kingdom (UK) 2020, Industry revenue of “wholesale of chemical products“ in the United Kingdom 2012-2024, Industry revenue of “manufacture of chemicals and chemical products“ in the United Kingdom 2012-2024, Industry revenue of “manufacture of other chemical products n.e.c.“ in the United Kingdom 2012-2024, Industry revenue of “manufacture of pesticides and agrochemical products“ in the United Kingdom 2012-2024, Production value of methanol (methyl alcohol) in the EU-28 2014-2019, Methanol: import value in the United Kingdom (UK) 2010-2019, U.S. consumption of neat methanol by highway vehicles 2003, Yanzhou Coal Mining production volume by segment 2010-2019, U.S. ethylene oxide production volume 1990-2019, U.S. ethylene-propylene elastomer production volume 1990-2019, U.S. acrylonitrile production volume 1990-2019, U.S. vinyl acetate production volume 1990-2019, U.S. acetic acid production volume 1990-2019, U.S. isopropanol production volume 1990-2019, Methanol production in the United States from 1990 to 2019 (in 1,000 metric tons), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. 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