The Europe methanol market is expected to reach US$ 4,365.38 million by 2028 from US$ 3,010.98 million in 2021; it is expected to grow at a CAGR of 5.4% from 2021 to 2028.
Several governments across the region are showing interest in using methanol as blended fuel for the transportation industry. The growing interest in methanol can be attributed to its benefits of clean energy. The blending of methanol in gasoline reduces the emission of harmful gasses, such as sulfur oxides (SOx) and nitrogen oxides (NOx). The widespread adoption of vehicles powered by methanol would lower the carbon dioxide emissions from the transportation industry. Thus, the growing interest in methanol as a blended fuel for transportation is expected to bolster the growth of the European methanol market during the forecast period.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the growth of the Europe methanol market during the forecast period.
Europe Methanol Market Revenue and Forecast to 2028 (US$ Million)
Europe Methanol Market Segmentation
The Europe methanol market is segmented on the basis of derivative and end-use industry. Based on derivative , the Europe methanol market is segmented into formaldehyde, acetic acid, methanol-to-olefins (MTO)/methanol-to-propylene (MTP), methyl tertiary-butyl ether (MTBE), methyl methacrylate (MMA), biodiesel (gasoline blending), dimethyl ether (DME), and others. By end-use industry, the market is segmented into automotive, construction, electronics, packaging, pharmaceuticals, paints and coatings, and other. By country, the Europe methanol market is segmented into Germany, France, Italy, the UK, Russia, and the rest of Europe.
Europe Methanol Market Companies
Methanex Corporation, OCI N.V., BASF SE, SABIC, HELM AG, Celanese Corporation, Zagros Petrochemical co., and LyondellBasell Industries Holdings B.V are among the leading companies in the Europe methanol market.
Europe Methanol Market Strategic Insights
Europe MethanolMarket Report Highlights
| Report Attribute | Details |
| Market size in 2021 | US$ 3,010.98 Million |
| Market Size by 2028 | US$ 4,365.38 Million |
| CAGR (2021 - 2028) | 5.4% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Derivative
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Regions and Countries Covered
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| Europe | UK, Germany, France, Russia, Italy, Rest of Europe |
| Market leaders and key company profiles |
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Europe Methanol Market Country and Regional Insights
