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

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

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Methanol Production From Syngas

Methanol (CH3OH) is an important chemical used in the production of formaldehyde, acetic acid, methyl tertiary butyl ether (MTBE), and other chemicals. Methanol is also used as a feedstock in the production of olefins and other chemicals. Methanol can be synthesized from different feedstocks, including natural gas, coal, biomass, and syngas, among others. One of the most common and commercially viable routes to produce methanol is from syngas.

Syngas is a mixture of carbon monoxide (CO), hydrogen (H2), and carbon dioxide (CO2) produced by gasification of feedstocks such as coal, natural gas, and biomass. The syngas is then purified and converted into methanol by a process known as methanol synthesis.

The methanol synthesis process typically consists of four key steps: (1) syngas generation, (2) syngas cleanup, (3) syngas compression, and (4) methanol synthesis. The following paragraphs provide an overview of each of these steps.

Syngas Generation: The production of syngas begins with the gasification of feedstocks such as coal, natural gas, or biomass. Gasification involves the partial oxidation of the feedstock using steam or oxygen to produce a mixture of CO, H2, and CO2. The resulting syngas typically contains impurities such as sulfur and particulates, which need to be removed before the gas can be used in methanol production.

Syngas Cleanup: The impurities present in the syngas stream can be removed through a process of scrubbing, cooling, and filtering. The syngas is first cooled to remove moisture and some of the particulates. Then it is scrubbed with a solvent such as amines or Selexol to remove the acidic gases such as sulfur dioxide. Finally, additional filters remove any remaining particulates or impurities from the gas stream.

Syngas Compression: After the syngas is cleaned, it is compressed to the high pressures required for methanol synthesis. The syngas is typically compressed to pressures between 30 and 100 bar and passed over a catalyst to convert the CO and H2 into methanol.

Methanol Synthesis: Methanol synthesis is the final step in the process. It involves the conversion of CO and H2 into methanol using a catalyst such as copper-zinc or iron-molybdenum. The catalysts are prepared in a pellet form and packed into fixed-bed reactors. The syngas is then passed over the catalyst bed at high temperatures (between 250 and 350 °C) and high pressures (between 30 and 100 bar) to promote the methanol synthesis reaction.

In conclusion, the production of methanol from syngas is a significant process in the chemical industry. The four key steps involved in the process are syngas generation, syngas cleanup, syngas compression, and methanol synthesis. With increasing demand for methanol as a feedstock for the production of various chemicals, the process of methanol synthesis from syngas has become a vital and economically viable technology.

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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