World - Methanol (Methyl Alcohol) - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2024

World - Methanol (Methyl Alcohol) - Market Analysis, Forecast, Size, Trends And Insights

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Methanol Manufacturing Process

Methanol, also known as wood alcohol, is a colorless and volatile liquid that is widely used in the chemical industry as a feedstock for the production of various chemicals like formaldehyde, acetic acid, and methyl tert-butyl ether (MTBE). It is also used as a solvent, antifreeze agent, fuel, and denaturant for ethanol.

The manufacturing process of methanol involves the synthesis of carbon monoxide and hydrogen gas in the presence of a catalyst under high pressure and temperature. The most commonly used feedstock for methanol production is natural gas, while coal, biomass, and carbon dioxide are also used in some plants.

Steam Reforming Process

Natural gas is the primary feedstock for methanol production because it is abundant, low-cost, and has a high hydrogen-to-carbon ratio, which is essential for the synthesis of methanol. The steam reforming process is the most widely used method for the production of hydrogen gas, which is then combined with carbon monoxide to synthesize methanol.

The steam reforming process involves the reaction of natural gas with steam in the presence of a nickel catalyst to produce a mixture of hydrogen gas, carbon monoxide, and carbon dioxide. The resulting mixture is then cooled and subjected to a shift reaction in the presence of a high-temperature catalyst to convert carbon monoxide to carbon dioxide and produce additional hydrogen gas.

The carbon monoxide and hydrogen gas is then fed into a reactor vessel containing a catalyst, typically copper, zinc oxide, and alumina, to produce methanol through the exothermic reaction:

CO + 2H2 → CH3OH

The reaction is highly exothermic, and the heat generated is used to produce high-pressure steam, which is used to power turbines to produce electricity. The unreacted gases are then recycled back to the reactor to increase the reaction efficiency.

Coal Gasification Process

The coal gasification process is an alternative method for the production of methanol from coal. It involves the gasification of coal to produce a mixture of hydrogen gas and carbon monoxide, which is then subjected to the same catalytic synthesis process as the steam reforming process.

The coal is first crushed and then subjected to high temperatures in the presence of steam and air to produce a mixture of carbon monoxide, hydrogen gas, and carbon dioxide. The resulting gas mixture is then purified and subjected to the same catalytic reaction as in the steam reforming process.

Biomass Gasification Process

The biomass gasification process is another alternative method for the production of methanol. It involves the gasification of biomass, such as wood, agricultural waste, and energy crops, to produce a mixture of gases that can be converted to methanol.

The biomass is first dried and then subjected to high temperatures in the presence of steam and air to produce a mixture of gas that contains hydrogen, carbon monoxide, and carbon dioxide. The resulting gas mixture is then subjected to the same catalytic reaction as in the steam reforming process to produce methanol.

Carbon Dioxide Capture and Utilization Process

The carbon dioxide capture and utilization process is a promising method for the production of methanol. It involves the capture of carbon dioxide emissions from power plants and industrial facilities and its conversion to methanol through a series of chemical reactions.

The process involves the reaction of carbon dioxide with hydrogen gas, which can be produced through the steam reforming process, in the presence of a catalyst to produce methanol. The process has the potential to reduce carbon emissions and produce a valuable chemical feedstock for the chemical industry.

The manufacture of methanol is a complex and energy-intensive process that requires careful management of the production process and raw materials. However, the increasing demand for methanol as a feedstock for the chemical industry and as a fuel and energy source has driven the development of new and innovative production methods that are more sustainable and efficient.

This report provides an in-depth analysis of the global methanol market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 20142210 - Methanol (methyl alcohol)

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Company coverage:

Methanex Corporation, HELM Proman Methanol AG, SABIC, Yanzhou Coal Mining Co. , Zagros Petrochemical Company, Celanese Corporation, BASF SE, PETRONAS, Mitsubishi Gas Chemical Company Inc., Mitsui & Co., Ltd., LyondellBasell Industries B.V., OCI N.V. , Metafrax Chemicals, SIPCHEM, US Methanol LLC, Atlantic Methanol Production Company LLC (“AMPCO”), Proman USA, Oman Methanol Company LLC, Vinati Organics Ltd., Metafrax Chemicals

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam
  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023
  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023
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