North America Methanol Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Derivative (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 ) ,End Use Industry (Automotive, Construction, Electronics, Packaging, Pharmaceuticals, Paints and Coatings, and Others ).
The North America Methanol Market is expected to reach US$ 3,756.74 million by 2028 from US$ 2,638.96 million in 2021; it is expected to grow at a CAGR of 5.2% from 2021 to 2028.
Methanol is extensively used in producing various chemicals and compounds such as plastics, adhesives, insulation materials, textiles, and food chemicals. The demand for plastics is increasing and positively favoring the methanol market due to the growing automotive industry regionally. The automotive industry largely uses plastic polymers to manufacture a vehicle's interior structure and other components such as a bumper, fuel system, wheelhouse, door handles, brake pads, and under the hood components. The application of plastic components significantly reduces the vehicle's weight, increases its fuel efficiency, and meets environmental regulations regarding carbon emissions from fossil fuels. According to the report of Organisation Internationale des Constructeurs d'Automobiles (OICA), over 57.26 million vehicles were produced between January to September of 2021 and recorded growth of more than 10% compared to the first three quarters of 2020. In addition to this, the automotive industry uses adhesives for assembling, bonding, and sealing all types of cars and truck components to provide the highest safety. Thus, the growing automotive industry is accelerating the methanol application, thereby positively influencing the market growth.
Methanol is witnessing its high demand from the medical industry as it is widely used as a preservative in many liquids formulations-based medicines. Furthermore, various methanol derivatives are extensively used in the pharmaceutical and health care industry. For instance, formaldehyde, a derivative of methanol, is used as an antibacterial and antiviral agent during the manufacture of vaccines. Formaldehyde has a large application to manufacture and treat hard gel capsules for the purpose of delayed release of drug. Also, it is used for treatment of warts and excessive foot sweat and odor along with to manufacture floor disinfectant products.
Moreover, acetic acid, another derivative of methanol, is widely used in medical applications such as antiseptic against pseudomonas, enterococci, streptococci, staphylococci, and other bacteria. In addition, acetic acid is used to detect cervical cancer and treat infections. Hence, the growing application of methanol as a feedstock for producing various chemical compounds is bolstering its demand in various end-use industries.
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 methanol market. The North America Methanol Market is expected to grow at a good CAGR during the forecast period.
North America Methanol Market Revenue and Forecast to 2028 (US$ Million)
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North America Methanol Market Segmentation
The market for North America Methanol market is segmented into derivative type and end use industry. Based on type, the North America 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. Based on end use industry the North America Methanol market is segmented into automotive, construction, electronics, packaging, pharmaceuticals, paints and coatings, and other. Geographically, the North America Methanol market is segmented into North America (US, Canada, Mexico).
North America 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 North America Methanol market.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
1.2.1 North America Methanol Market, by Derivative
1.2.2 North America Methanol Market, by End Use Industry
1.2.3 North America Methanol Market, by Geography
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. North America Methanol Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Methanol Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing use of Methanol as Feedstock in Various Applications
5.1.2 Rising Application of Methanol in Construction Activities
5.2 Market Restraints
5.2.1 Detrimental Effect of Methanol on Human Health
5.3 Market Opportunities
5.3.1 Growing Adoption of Methanol as Blended Fuel in Transportation Industry
5.4 Future Trends
5.4.1 Rising Trend of Green Methanol
5.5 Impact Analysis
6. North America Methanol – Country Market Analysis
6.1 North America Methanol Market Overview
6.2 North America Methanol Market –Revenue and Forecast to 2028 (US$ Mn)
7. North America Methanol Market Analysis – By Derivative
7.1 Overview
7.2 North America Methanol Market, By Derivative (2020 and 2028)
7.3 Formaldehyde:
7.3.1 Overview
7.3.2 Formaldehyde: North America Methanol Market– Revenue and Forecast to 2028 (USD Mn)
7.4 Acetic Acid
7.4.1 Overview
7.4.2 Acetic Acid: North America Methanol Market– Revenue and Forecast to 2028 (USD Mn)
7.5 Methanol-to-Olefins (MTO)/Methanol-to-Propylene (MTP)
7.5.1 overview
7.5.2 Methanol-to-Olefins (MTO)/Methanol-to-Propylene (MTP): North America Methanol Market– Revenue and Forecast to 2028 (USD Mn)
7.6 Methyl Tertiary-Butyl Ether (MTBE)
7.6.1 Overview
7.6.2 Methyl tertiary-butyl ether (MTBE): North America Methanol Market– Revenue and Forecast to 2028 (USD Mn)
7.7 Methyl methacrylate (MMA)
7.7.1 Overview
7.7.2 Methyl methacrylate (MMA): North America Methanol Market– Revenue and Forecast to 2028 (USD Mn)
7.8 Biodiesel (Gasoline Blending)
7.8.1 Overview
7.8.2 Biodiesel (Gasoline Blending) : North America Methanol Market– Revenue and Forecast to 2028 (USD Mn)
7.9 Dimethyl Ether (DME)
7.9.1 Overview
7.9.2 Dimethyl ether (DME):North America Methanol Market– Revenue and Forecast to 2028 (USD Mn)
7.10 Others
7.10.1 Overview
7.10.2 Others: North America Methanol Market– Revenue and Forecast to 2028 (USD Mn)
8. North America Methanol Market Analysis – By End-Use
8.1 Overview
8.2 Automotive
8.2.1 Overview
8.2.2 Automotive: North America Methanol Market – Revenue and Forecast to 2028 (US$ Million)
8.3 Construction
8.3.1 Overview
8.3.2 Construction: North America Methanol Market – Revenue and Forecast To 2028 (US$ Million)
8.4 Electronics
8.4.1 Overview
8.4.2 Electronics: Market – Revenue, and Forecast to 2028 (US$ Million)
8.5 Packaging
8.5.1 Overview
8.5.2 Packaging: North America Methanol Market – Revenue and Forecast To 2028 (US$ Million)
8.6 Pharmaceuticals
8.6.1 Overview
8.6.2 Pharmaceuticals: North America Methanol Market – Revenue and Forecast To 2028 (US$ Million)
8.7 Paints and Coatings
8.7.1 Overview
8.7.2 Paints and Coatings: North America Methanol Market – Revenue and Forecast To 2028 (US$ Million)
8.8 Others
8.8.1 Overview
8.8.2 Others: North America Methanol Market – Revenue and Forecast To 2028 (US$ Million)
9. North America Methanol Market – Country Analysis
9.1 Overview
9.2 North America: North America Methanol Market
9.2.1 North America: North America Methanol Market –Revenue and Forecast to 2028 (US$ Million)
9.2.1.1 US: North America Methanol Market –Revenue and Forecast to 2028 (US$ Million)
9.2.1.1.1 US: North America Methanol Market, by Derivative
9.2.1.1.2 US: North America Methanol Market, by End Use Industry
9.2.1.2 Canada: North America Methanol Market –Revenue and Forecast to 2028 (US$ Million)
9.2.1.2.1 Canada: North America Methanol Market, by Derivative
9.2.1.2.2 Canada: North America Methanol Market, by End Use Industry
9.2.1.3 Mexico: North America Methanol Market –Revenue and Forecast to 2028 (US$ Million)
9.2.1.3.1 Mexico: North America Methanol Market, by Derivative
9.2.1.3.2 Mexico: North America Methanol Market, by End Use Industry
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 New Product Development
10.4 Merger and Acquisition
11. Company Profiles
11.1 Methanex Corporation
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 OCI N.V.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 BASF SE
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 SABIC
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 HELM AG
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Celanese Corporation
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Zagros Petrochemical co.
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 LyondellBasell Industries Holdings B.V.
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Methanol Market, by Derivative – Revenue and Forecast to 2028 (US$ Million)
Table 2. North America Methanol Market, by End Use Industry– Revenue and Forecast to 2028 (US$ Million)
Table 3. US North America Methanol Market, by Derivative – Revenue and Forecast to 2028 (US$ Million)
Table 4. US North America Methanol Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 5. Canada: North America Methanol Market, by Derivative – Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada North America Methanol Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 7. Mexico North America Methanol Market, by Derivative – Revenue and Forecast to 2028 (US$ Million)
Table 8. Mexico North America Methanol Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 9. Glossary of Terms, North America Methanol Market
LIST OF FIGURES
Figure 1. North America Methanol Market Segmentation
Figure 2. North America Methanol Market Overview
Figure 3. North America Methanol Market, By Derivative
Figure 4. North America Methanol Market, by Country
Figure 5. Porter's Five Forces Analysis
Figure 6. North America Methanol Market - Ecosystem
Figure 7. Expert Opinion
Figure 8. North America Methanol Market Impact Analysis of Drivers and Restraints
Figure 9. Country Overview of North America Methanol Market
Figure 10. North America Methanol Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 11. North America Methanol Market Revenue Share, By Derivative (2020 and 2028)
Figure 12. Formaldehyde: North America Methanol Market– Revenue and Forecast To 2028 (USD Mn)
Figure 13. Acetic Acid: North America Methanol Market– Revenue and Forecast To 2028 (USD Mn)
Figure 14. Methanol-to-Olefins (MTO)/Methanol-to-Propylene (MTP): North America Methanol Market– Revenue and Forecast To 2028 (USD Mn)
Figure 15. Methyl tertiary-butyl ether (MTBE): North America Methanol Market– Revenue and Forecast To 2028 (USD Mn)
Figure 16. Methyl methacrylate (MMA):: North America Methanol Market– Revenue and Forecast To 2028 (USD Mn)
Figure 17. Biodiesel (Gasoline Blending):North America Methanol Market– Revenue and Forecast To 2028 (USD Mn)
Figure 18. Dimethyl ether (DME):North America Methanol Market– Revenue and Forecast To 2028 (USD Mn)
Figure 19. Others: North America Methanol Market– Revenue and Forecast To 2028 (USD Mn)
Figure 20. North America Methanol Market Revenue Share, by end use (2020 and 2028)
Figure 21. Automotive: North America Methanol Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 22. Construction: North America Methanol Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 23. Electronics: North America Methanol Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 24. Packaging: North America Methanol Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 25. Pharmaceuticals: North America Methanol Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 26. Paints and Coatings: North America Methanol Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 27. Others: North America Methanol Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 28. North America Methanol Market Revenue Share, by Region (2021 and 2028)
Figure 29. North America: North America Methanol Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. US: North America Methanol Market –Revenue and Forecast to 2028 (US$ Million)
Figure 31. Canada: North America Methanol Market –Revenue and Forecast to 2028 (US$ Million)
Figure 32. Mexico: North America Methanol Market –Revenue and Forecast to 2028 (US$ Million)
- Methanex Corporation
- OCI N.V.
- BASF SE
- SABIC
- HELM AG
- Celanese Corporation
- Zagros Petrochemical co.
- LyondellBasell Industries Holdings B.V.
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