Home / Top News / Demand for methanol is projected to register a CAGR of 6% through 2032 – Persistence Market Research

Demand for methanol is projected to register a CAGR of 6% through 2032 – Persistence Market Research

Market Study on Methanol: Consumption to Remain High in Marine & Construction Industries

New York, July 06, 2022 (GLOBE NEWSWIRE) — The global market for methanol is anticipated to exhibit a CAGR of 6% and reach a valuation of US$ 77.6 Bn by the end of 2032. Market growth is attributed to growing demand from building & construction, automotive & transportation, and chemical companies.

Methanol is emerging as an alternative fuel for the marine and manufacturing industries. Increased awareness of low-emission fuels and regulatory changes are promoting new applications of methanol as a fuel. Methanol is added to fuel with the goal of reducing harmful gas emissions from vehicles. The growing trend of carbon neutrality and sustainability has forced companies to promote fuel mixing. Growing fuel blending targets and increasing government initiatives to promote fuel blending are expected to benefit alternate fuel products, including methanol, over the coming years.

Key Takeaways from Market Study

  • The formaldehyde segment is estimated to witness a CAGR of 6.9% during the assessment period (2022-2032).
  • The chemicals end-use industry is estimated to remain a lucrative segment in the methanol market and exhibit 5.8% CAGR during the forecast period.
  • The U.S. is projected to create an incremental opportunity of US$ 3.5 Bn by 2032.
  • Under the feedstock segment, natural gas is anticipated to witness a CAGR of 6.2% over the decade.

Request for sample copy of report: https://www.persistencemarketresearch.com/samples/33011

“Key companies are focusing their efforts on research and development to develop and explore new applications of methanol, which is expected to open up new opportunities in the global methanol market,” says a Persistence Market Research analyst.

Competitive Landscape

The global methanol market has been identified as a fragmented industry owing to a large number of players operating in this space. Some of the key market players included in the report are Celanese Corp, BASF SE, SABIC, METHANEX Corporation, Petroliam Nasional Berhad (PETRONAS), Zagros Petrochemical Company, Mitsui & Co. Ltd, Deepak Fertilizers and Petrochemicals Corporation Limited, MITSUBISHI GAS CHEMICAL COMPANY, INC., Gujarat Narmada Valley Fertilizers & Chemicals, Saudi International Petrochemical Company (Sipchem), Qatar Fuel Additives Company, Methanol Chemicals Company (Chemanol), BioMCN, Metafrax Group, PT. Kaltim Methanol Industri (KMI), Brunei Methanol Company Sdn. Bhd., UCP Chemicals AG, Anhui Ruibai New Material Co., Ltd., and Ningxia Baofeng Energy Group Co., Ltd.

Know the methodology of report: https://www.persistencemarketresearch.com/methodology/33011

Several prominent methanol manufacturers are developing new production plants or increasing the production capacity of existing plants to meet the growing demand for methanol and take advantage of the high market potential.


Owing to the increasing demand from various end-use industries such as building & construction, automotive & transportation, chemicals, and many others, the methanol market is projected to expand rapidly in East Asia and Europe.

East Asia is anticipated to be the largest consumer of methanol. High production of methanol products in countries such as China and Japan justifies the regional market share.

Growing demand for various methanol derivatives at never-before rates across the world is being witnessed. Moreover, there is robust growth in demand for various methanol derivatives and fuel blending in India.

Get full access of report: https://www.persistencemarketresearch.com/checkout/33011

More Valuable Insights on Offer

Persistence Market Research, a research and consulting firm, has published a new market research report on the global methanol market that contains an industry analysis of 2017–2021 and an opportunity assessment for 2022–2032.

The report provides an in-depth analysis of the market through different segments, namely, feedstock source (natural gas, coal, and others), application (formaldehyde, alternative fuels, acetic acid, MTBE, methyl methacrylate, DMT, methanethiol, methylamine, methylchloride, fuel cells, olefins, and others), end-use industry (automotive & transportation, building & construction, chemicals, semiconductors & electronics, pharmaceuticals, packaging, textiles, and others), and region. The report also provides supply and demand trends along with an overview of the parent market.

Other Trending Reports:

  • In-Mold Coatings Market
  • Rotomolding Compounds Market
  • Aviation Chemicals Market
  • Hot Melt Adhesives Market
  • Rolling Lubricants Market
  • Household Insecticides Market
  • Hydrophobic Coatings Market
  • Pesticides Market
  • Azo Pigments Market
  • Propylene Oxide Market

About Persistence Market Research:

Business intelligence is the foundation of every business model employed by Persistence Market Research. Multi-dimensional sources are being put to work, which include big data, customer experience analytics, and real-time data collection. Thus, working on “micros” by Persistence Market Research helps companies overcome their “macro” business challenges.

Persistence Market Research is always way ahead of its time. In other words, it tables market solutions by stepping into the companies’/clients’ shoes much before they themselves have a sneak pick into the market. The pro-active approach followed by experts at Persistence Market Research helps companies/clients lay their hands on techno-commercial insights beforehand, so that the subsequent course of action could be simplified on their part.


Rajendra Singh

Persistence Market Research
U.S. Sales Office:
305 Broadway, 7th Floor
New York City, NY 10007
United States
USA – Canada Toll-Free: 800-961-0353
Email: sales@persistencemarketresearch.com