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 ).

Code: TIPRE00029072 | Pages: 115 | Industry: Chemicals and Materials | Date: May 2022
Covid

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)

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)

  1. Methanex Corporation
  2. OCI N.V.                                                              
  3. BASF SE                                                                               
  4. SABIC                                                                   
  5. HELM AG                                                            
  6. Celanese Corporation                                 
  7. Zagros Petrochemical co.
  8. LyondellBasell Industries Holdings B.V. 
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America Methanol Market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in North America Methanol Market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
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