Market Overview:
The global methyl alcohol market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for methyl alcohol from various applications such as chemical industry, energy carrier, fuel for vehicles, and others. Additionally, the growing demand for bio-based products is also contributing to the growth of this market. However, volatility in prices of raw materials may restrain the growth of this market during the forecast period. On basis of type, industrial methyl alcohol accounted for majority share in 2017 and is projected to maintain its dominance during forecast period. This can be attributed to its wide application scope across various industries such as pharmaceuticals & cosmetics; agrochemicals; construction chemicals; adhesives & sealants; textiles printing & dying and others.
Product Definition:
Methyl Alcohol is a type of alcohol. It is also known as methanol. Methanol is used as a fuel and in manufacturing products.
Industrial Methyl Alcohol:
Industrial methyl alcohol is a flammable, colorless liquid with a mild odor. It is produced by the partial oxidation of ethyl alcohol in an industrial setting and has no commercial source. Methyl alcohol finds its major application as an industrial solvent and as feedstock for formulating cleaning agents, paints & coatings, adhesives & sealants among other chemical products.
Fuel Methyl Alcohol:
Fuel methyl alcohol is a type of methanol that is used as an alternative to fossil fuels. It can be produced by the chemical reaction between carbon monoxide and hydrogen or through biological fermentation. The production process for fuel methyl alcohol does not require any natural gas, coal, or other fossil fuels; it produces pure and clean methanol which has a high octane number similar to that of gasoline.
Application Insights:
Chemical industry was the largest methyl alcohol market application segment in 2017. It is used as a solvent for manufacturing various chemicals including esters, ketones, and aldehydes. Methyl alcohol is also used as an intermediate in the production of other chemical compounds which are further utilized across several industries such as pharmaceuticals and cosmetics.
Methyl Alcohol Fuel (MAF) is widely utilized across several applications such as gasoline blending components, gasohol fuel ingredients and jet fuels among others.
Regional Analysis:
Asia Pacific was the leading global market and accounted for over 43% of the total revenue in 2016. The region is expected to witness a significant increase in methyl alcohol production owing to low raw material prices and easy availability of land. China, India, Japan, South Korea are some of the major countries that have witnessed high growth rates in recent years.
The Asia Pacific has been one of the most impacted regions by REACH since it allows manufacturers from different nations to come together and share their expertise on how they might best utilize these chemicals across various industries including plastics & resins, paints & coatings as well as automotive care products such as waxes and polishes.
Growth Factors:
- Increasing demand from end-use industries such as cosmetics, pharmaceuticals, and agrochemicals is expected to drive the methyl alcohol market growth over the forecast period.
- Growing awareness about the benefits of using methyl alcohol in various end-use applications is projected to boost demand for this product over the next few years.
- Stringent environmental regulations regarding VOC emissions are likely to propel use of methyl alcohol as a fuel additive and solvents, which in turn is expected to favor market growth.
- Rising investments by key players in R&D activities for developing new products is anticipated to create new opportunities for market expansion during the forecast period. 5) The increasing popularity of biofuels as an alternative source of energy is projected to provide a positive impetus to the methyl alcohol market growth over the next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Methyl Alcohol Market Research Report
By Type
Industrial Methyl Alcohol, Fuel Methyl Alcohol, Other
By Application
Chemical Industry, Energy Carrier, Fuel for Vehicles, Other
By Companies
BASF, Eastman Chemical, Celanese, Atlantic Methanol Production, Methanex, METAFRAX, Huating, Xinneng Fenghuang, Shanxi Coal and Chemical Group, Kaiyue, BASF, Shanghai Coal and Chemical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
133
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Methyl Alcohol Market Report Segments:
The global Methyl Alcohol market is segmented on the basis of:
Types
Industrial Methyl Alcohol, Fuel Methyl Alcohol, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Chemical Industry, Energy Carrier, Fuel for Vehicles, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF
- Eastman Chemical
- Celanese
- Atlantic Methanol Production
- Methanex
- METAFRAX
- Huating
- Xinneng Fenghuang
- Shanxi Coal and Chemical Group
- Kaiyue
- BASF
- Shanghai Coal and Chemical
Highlights of The Methyl Alcohol Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Industrial Methyl Alcohol
- Fuel Methyl Alcohol
- Other
- By Application:
- Chemical Industry
- Energy Carrier
- Fuel for Vehicles
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Methyl Alcohol Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Methyl alcohol is a type of alcohol that is made from methylation of ethanol. It has a higher concentration of ethanol than other types of alcohol, and it can be used in place of traditional spirits.
Some of the major players in the methyl alcohol market are BASF, Eastman Chemical, Celanese, Atlantic Methanol Production, Methanex, METAFRAX, Huating, Xinneng Fenghuang, Shanxi Coal and Chemical Group, Kaiyue, BASF, Shanghai Coal and Chemical.
The methyl alcohol market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Methyl Alcohol Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Methyl Alcohol Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Methyl Alcohol Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Methyl Alcohol Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Methyl Alcohol Market Size & Forecast, 2018-2028
4.5.1 Methyl Alcohol Market Size and Y-o-Y Growth
4.5.2 Methyl Alcohol Market Absolute $ Opportunity
Chapter 5 Global Methyl Alcohol Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Methyl Alcohol Market Size Forecast by Type
5.2.1 Industrial Methyl Alcohol
5.2.2 Fuel Methyl Alcohol
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Methyl Alcohol Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Methyl Alcohol Market Size Forecast by Applications
6.2.1 Chemical Industry
6.2.2 Energy Carrier
6.2.3 Fuel for Vehicles
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Methyl Alcohol Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Methyl Alcohol Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Methyl Alcohol Analysis and Forecast
9.1 Introduction
9.2 North America Methyl Alcohol Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Methyl Alcohol Market Size Forecast by Type
9.6.1 Industrial Methyl Alcohol
9.6.2 Fuel Methyl Alcohol
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Methyl Alcohol Market Size Forecast by Applications
9.10.1 Chemical Industry
9.10.2 Energy Carrier
9.10.3 Fuel for Vehicles
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Methyl Alcohol Analysis and Forecast
10.1 Introduction
10.2 Europe Methyl Alcohol Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Methyl Alcohol Market Size Forecast by Type
10.6.1 Industrial Methyl Alcohol
10.6.2 Fuel Methyl Alcohol
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Methyl Alcohol Market Size Forecast by Applications
10.10.1 Chemical Industry
10.10.2 Energy Carrier
10.10.3 Fuel for Vehicles
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Methyl Alcohol Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Methyl Alcohol Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Methyl Alcohol Market Size Forecast by Type
11.6.1 Industrial Methyl Alcohol
11.6.2 Fuel Methyl Alcohol
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Methyl Alcohol Market Size Forecast by Applications
11.10.1 Chemical Industry
11.10.2 Energy Carrier
11.10.3 Fuel for Vehicles
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Methyl Alcohol Analysis and Forecast
12.1 Introduction
12.2 Latin America Methyl Alcohol Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Methyl Alcohol Market Size Forecast by Type
12.6.1 Industrial Methyl Alcohol
12.6.2 Fuel Methyl Alcohol
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Methyl Alcohol Market Size Forecast by Applications
12.10.1 Chemical Industry
12.10.2 Energy Carrier
12.10.3 Fuel for Vehicles
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Methyl Alcohol Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Methyl Alcohol Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Methyl Alcohol Market Size Forecast by Type
13.6.1 Industrial Methyl Alcohol
13.6.2 Fuel Methyl Alcohol
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Methyl Alcohol Market Size Forecast by Applications
13.10.1 Chemical Industry
13.10.2 Energy Carrier
13.10.3 Fuel for Vehicles
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Methyl Alcohol Market: Competitive Dashboard
14.2 Global Methyl Alcohol Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF
14.3.2 Eastman Chemical
14.3.3 Celanese
14.3.4 Atlantic Methanol Production
14.3.5 Methanex
14.3.6 METAFRAX
14.3.7 Huating
14.3.8 Xinneng Fenghuang
14.3.9 Shanxi Coal and Chemical Group
14.3.10 Kaiyue
14.3.11 BASF
14.3.12 Shanghai Coal and Chemical
