North America Methanol Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The North America methanol market size reached 9.5 Million Tons in 2022. Looking forward, IMARC Group expects the market to reach 14.7 Million Tons by 2028, exhibiting a growth rate (CAGR) of 8.1% during 2023-2028.
Methanol, also known as wood alcohol, is a colorless, water-soluble liquid with a mild alcoholic odor. It presents an excellent way to store and transport energy conveniently and safely. Methanol is used in fuel cells as a direct reagent or indirectly as a source of hydrogen. In the chemical industry, methanol is used mainly for manufacturing formaldehyde, acetic acid, dimethyl terephthalate (DMT) and other solvents. Similarly, in the energy industry, it is employed in the manufacturing of methyl tertiary butyl ether (MTBE), tertiary amyl methyl ether (TAME), dimethyl ether (DME) and biodiesel.
The North America methanol market is currently being driven by various factors. Methanol offers long term possibilities for reducing greenhouse gas emissions. Therefore, the rising environmental concerns among the consumers have stimulated the usage of methanol as a safer fuel owing to its low rate of evaporation and low radiant heat energy. In addition to this, it biodegrades easily and can be a safer replacement of products such as crude oil, gasoline and diesel fuel. Apart from this, methanol can be manufactured from a variety of carbon-based feedstock such as natural gas, coal and biomass. These raw materials are readily available in the market and thus driving the production of methanol in the region.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the North America methanol market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on application.
Key Regions Analysed
United States
Canada
Analysis for Each Country
Market by Application
Formaldehyde
Dimethyl Ether
Gasoline
Chloromethane
MTBE/TAME
Acetic Acid
Others
Market by Imports and Exports
Imports
Exports
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
Competitive Landscape
Competitive Structure
Key Player Profiles
Key Questions Answered in This Report:
How has the North America methanol market performed so far and how will it perform in the coming years?
What are the key regions in the North America methanol market?
What has been the impact of COVID-19 on the North America methanol market?
What is the breakup of the North America methanol market on the basis of application?
What are the various stages in the value chain of the North America methanol industry?
What are the key driving factors and challenges in the North America methanol industry?
What is the structure of the North America methanol industry and who are the key players?
What is the degree of competition in the North America methanol industry?
What are the profit margins in the North America methanol industry?
The North America methanol market size reached 9.5 Million Tons in 2022. Looking forward, IMARC Group expects the market to reach 14.7 Million Tons by 2028, exhibiting a growth rate (CAGR) of 8.1% during 2023-2028.
Methanol, also known as wood alcohol, is a colorless, water-soluble liquid with a mild alcoholic odor. It presents an excellent way to store and transport energy conveniently and safely. Methanol is used in fuel cells as a direct reagent or indirectly as a source of hydrogen. In the chemical industry, methanol is used mainly for manufacturing formaldehyde, acetic acid, dimethyl terephthalate (DMT) and other solvents. Similarly, in the energy industry, it is employed in the manufacturing of methyl tertiary butyl ether (MTBE), tertiary amyl methyl ether (TAME), dimethyl ether (DME) and biodiesel.
The North America methanol market is currently being driven by various factors. Methanol offers long term possibilities for reducing greenhouse gas emissions. Therefore, the rising environmental concerns among the consumers have stimulated the usage of methanol as a safer fuel owing to its low rate of evaporation and low radiant heat energy. In addition to this, it biodegrades easily and can be a safer replacement of products such as crude oil, gasoline and diesel fuel. Apart from this, methanol can be manufactured from a variety of carbon-based feedstock such as natural gas, coal and biomass. These raw materials are readily available in the market and thus driving the production of methanol in the region.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the North America methanol market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on application.
Key Regions Analysed
United States
Canada
Analysis for Each Country
Market by Application
Formaldehyde
Dimethyl Ether
Gasoline
Chloromethane
MTBE/TAME
Acetic Acid
Others
Market by Imports and Exports
Imports
Exports
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
Competitive Landscape
Competitive Structure
Key Player Profiles
Key Questions Answered in This Report:
How has the North America methanol market performed so far and how will it perform in the coming years?
What are the key regions in the North America methanol market?
What has been the impact of COVID-19 on the North America methanol market?
What is the breakup of the North America methanol market on the basis of application?
What are the various stages in the value chain of the North America methanol industry?
What are the key driving factors and challenges in the North America methanol industry?
What is the structure of the North America methanol industry and who are the key players?
What is the degree of competition in the North America methanol industry?
What are the profit margins in the North America methanol industry?
1 PREFACE
2 SCOPE AND METHODOLOGY
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1Overview
4.2Physical and Chemical Properties
4.3Key Industry Trends
5 GLOBAL METHANOL MARKET
5.1Market Performance
5.2Market Breakup by Application
5.3Market Breakup by Region
5.4Market Forecast
6 NORTH AMERICA METHANOL MARKET
6.1Market Performance
6.2Impact of COVID-19
6.3Market Forecast
7 NORTH AMERICA METHANOL MARKET: BREAKUP BY APPLICATION
7.1Formaldehyde
7.2Dimethyl Ether
7.3Gasoline
7.4Chloromethane
7.5MTBE/TAME
7.6Acetic Acid
7.7Others
8 NORTH AMERICA METHANOL MARKET: IMPORTS AND EXPORTS
8.1Imports
8.2Exports
9 NORTH AMERICA METHANOL MARKET: BREAKUP BY COUNTRY
9.1 United States
9.1.1Historical Market Trends
9.1.2Market Breakup by Application
9.1.3Market Forecast
9.2 Canada
9.2.1Historical Market Trends
9.2.2Market Breakup by Application
9.2.3Market Forecast
10 SWOT ANALYSIS
10.1Overview
10.2Strengths
10.3Weaknesses
10.4Opportunities
10.5Threats
11 VALUE CHAIN ANALYSIS
11.1Overview
11.2Raw Material Mining and Extraction
11.3Manufacturing
11.4Distribution
11.5Export
11.6End-Use
12 PORTER’S FIVE FORCES ANALYSIS
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Rivalry
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 PRICE ANALYSIS
14 COMPETITIVE LANDSCAPE
14.1Market Structure
14.2Key Players
14.3Profiles of Key Players
2 SCOPE AND METHODOLOGY
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1Overview
4.2Physical and Chemical Properties
4.3Key Industry Trends
5 GLOBAL METHANOL MARKET
5.1Market Performance
5.2Market Breakup by Application
5.3Market Breakup by Region
5.4Market Forecast
6 NORTH AMERICA METHANOL MARKET
6.1Market Performance
6.2Impact of COVID-19
6.3Market Forecast
7 NORTH AMERICA METHANOL MARKET: BREAKUP BY APPLICATION
7.1Formaldehyde
7.2Dimethyl Ether
7.3Gasoline
7.4Chloromethane
7.5MTBE/TAME
7.6Acetic Acid
7.7Others
8 NORTH AMERICA METHANOL MARKET: IMPORTS AND EXPORTS
8.1Imports
8.2Exports
9 NORTH AMERICA METHANOL MARKET: BREAKUP BY COUNTRY
9.1 United States
9.1.1Historical Market Trends
9.1.2Market Breakup by Application
9.1.3Market Forecast
9.2 Canada
9.2.1Historical Market Trends
9.2.2Market Breakup by Application
9.2.3Market Forecast
10 SWOT ANALYSIS
10.1Overview
10.2Strengths
10.3Weaknesses
10.4Opportunities
10.5Threats
11 VALUE CHAIN ANALYSIS
11.1Overview
11.2Raw Material Mining and Extraction
11.3Manufacturing
11.4Distribution
11.5Export
11.6End-Use
12 PORTER’S FIVE FORCES ANALYSIS
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Rivalry
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 PRICE ANALYSIS
14 COMPETITIVE LANDSCAPE
14.1Market Structure
14.2Key Players
14.3Profiles of Key Players
LIST OF TABLES
Table 1: Methanol: Physical Properties
Table 2: Methanol: Chemical Properties
Table 3: North America: Methanol Market: Key Industry Highlights, 2022 and 2028
Table 4: North America: Methanol Market Forecast: Breakup by Application (in Million Tons), 2023-2028
Table 5: North America: Methanol Market Forecast: Breakup by Country (in Million Tons), 2023-2028
Table 6: North America: Methanol Market: Competitive Structure
Table 7: North America: Methanol Market: Key Players
Table 1: Methanol: Physical Properties
Table 2: Methanol: Chemical Properties
Table 3: North America: Methanol Market: Key Industry Highlights, 2022 and 2028
Table 4: North America: Methanol Market Forecast: Breakup by Application (in Million Tons), 2023-2028
Table 5: North America: Methanol Market Forecast: Breakup by Country (in Million Tons), 2023-2028
Table 6: North America: Methanol Market: Competitive Structure
Table 7: North America: Methanol Market: Key Players
LIST OF FIGURES
Figure 1: North America: Methanol Market: Major Drivers and Challenges
Figure 2: Global: Methanol Market: Volume Trends (in Million Tons), 2017-2022
Figure 3: Global: Methanol Market: Breakup by Application (in %), 2022
Figure 4: Global: Methanol Market: Breakup by Region (in %), 2022
Figure 5: Global: Methanol Market Forecast: Volume Trends (in Million Tons), 2023-2028
Figure 6: North America: Methanol Market: Volume Trends (in Million Tons), 2017-2022
Figure 7: North America: Methanol Market Forecast: Volume Trends (in Million Tons), 2023-2028
Figure 8: North America: Methanol Market: Breakup by Application (in %), 2022
Figure 9: North America: Methanol (Formaldehyde) Market: Volume Trends (in Million Tons), 2017 & 2022
Figure 10: North America: Methanol (Formaldehyde) Market Forecast: Volume Trends (in Million Tons), 2023-2028
Figure 11: North America: Methanol (Dimethyl Ether) Market: Volume Trends (in Million Tons), 2017 & 2022
Figure 12: North America: Methanol (Dimethyl Ether) Market Forecast: Volume Trends (in Million Tons), 2023-2028
Figure 13: North America: Methanol (Gasoline) Market: Volume Trends (in Million Tons), 2017 & 2022
Figure 14: North America: Methanol (Gasoline) Market Forecast: Volume Trends (in Million Tons), 2023-2028
Figure 15: North America: Methanol (Chloromethane) Market: Volume Trends (in Million Tons), 2017 & 2022
Figure 16: North America: Methanol (Chloromethane) Market Forecast: Volume Trends (in Million Tons), 2023-2028
Figure 17: North America: Methanol (MTBE/TAME) Market: Volume Trends (in Million Tons), 2017 & 2022
Figure 18: North America: Methanol (MTBE/TAME) Market Forecast: Volume Trends (in Million Tons), 2023-2028
Figure 19: North America: Methanol (Acetic Acid) Market: Volume Trends (in Million Tons), 2017 & 2022
Figure 20: North America: Methanol (Acetic Acid) Market Forecast: Volume Trends (in Million Tons), 2023-2028
Figure 21: North America: Methanol (Other Applications) Market: Volume Trends (in Million Tons), 2017 & 2022
Figure 22: North America: Methanol (Other Applications) Market Forecast: Volume Trends (in Million Tons), 2023-2028
Figure 23: North America: Methanol Market: Import Trends
Figure 24: North America: Methanol Market: Export Trends
Figure 25: North America: Methanol Market: Breakup by Country (in %), 2022
Figure 26: United States: Methanol Market: Volume Trends (in Million Tons), 2017-2022
Figure 27: United States: Methanol Market: Breakup by Application (in %), 2022
Figure 28: United States: Methanol Market Forecast: Volume Trends (in Million Tons), 2023-2028
Figure 29: Canada: Methanol Market: Volume Trends (in Million Tons), 2017-2022
Figure 30: Canada: Methanol Market: Breakup by Application (in %), 2022
Figure 31: Canada: Methanol Market Forecast: Volume Trends (in Million Tons), 2023-2028
Figure 32: North America: Methanol Industry: SWOT Analysis
Figure 33: North America: Methanol Industry: Value Chain Analysis
Figure 34: North America: Methanol Industry: Porter’s Five Forces Analysis
Figure 1: North America: Methanol Market: Major Drivers and Challenges
Figure 2: Global: Methanol Market: Volume Trends (in Million Tons), 2017-2022
Figure 3: Global: Methanol Market: Breakup by Application (in %), 2022
Figure 4: Global: Methanol Market: Breakup by Region (in %), 2022
Figure 5: Global: Methanol Market Forecast: Volume Trends (in Million Tons), 2023-2028
Figure 6: North America: Methanol Market: Volume Trends (in Million Tons), 2017-2022
Figure 7: North America: Methanol Market Forecast: Volume Trends (in Million Tons), 2023-2028
Figure 8: North America: Methanol Market: Breakup by Application (in %), 2022
Figure 9: North America: Methanol (Formaldehyde) Market: Volume Trends (in Million Tons), 2017 & 2022
Figure 10: North America: Methanol (Formaldehyde) Market Forecast: Volume Trends (in Million Tons), 2023-2028
Figure 11: North America: Methanol (Dimethyl Ether) Market: Volume Trends (in Million Tons), 2017 & 2022
Figure 12: North America: Methanol (Dimethyl Ether) Market Forecast: Volume Trends (in Million Tons), 2023-2028
Figure 13: North America: Methanol (Gasoline) Market: Volume Trends (in Million Tons), 2017 & 2022
Figure 14: North America: Methanol (Gasoline) Market Forecast: Volume Trends (in Million Tons), 2023-2028
Figure 15: North America: Methanol (Chloromethane) Market: Volume Trends (in Million Tons), 2017 & 2022
Figure 16: North America: Methanol (Chloromethane) Market Forecast: Volume Trends (in Million Tons), 2023-2028
Figure 17: North America: Methanol (MTBE/TAME) Market: Volume Trends (in Million Tons), 2017 & 2022
Figure 18: North America: Methanol (MTBE/TAME) Market Forecast: Volume Trends (in Million Tons), 2023-2028
Figure 19: North America: Methanol (Acetic Acid) Market: Volume Trends (in Million Tons), 2017 & 2022
Figure 20: North America: Methanol (Acetic Acid) Market Forecast: Volume Trends (in Million Tons), 2023-2028
Figure 21: North America: Methanol (Other Applications) Market: Volume Trends (in Million Tons), 2017 & 2022
Figure 22: North America: Methanol (Other Applications) Market Forecast: Volume Trends (in Million Tons), 2023-2028
Figure 23: North America: Methanol Market: Import Trends
Figure 24: North America: Methanol Market: Export Trends
Figure 25: North America: Methanol Market: Breakup by Country (in %), 2022
Figure 26: United States: Methanol Market: Volume Trends (in Million Tons), 2017-2022
Figure 27: United States: Methanol Market: Breakup by Application (in %), 2022
Figure 28: United States: Methanol Market Forecast: Volume Trends (in Million Tons), 2023-2028
Figure 29: Canada: Methanol Market: Volume Trends (in Million Tons), 2017-2022
Figure 30: Canada: Methanol Market: Breakup by Application (in %), 2022
Figure 31: Canada: Methanol Market Forecast: Volume Trends (in Million Tons), 2023-2028
Figure 32: North America: Methanol Industry: SWOT Analysis
Figure 33: North America: Methanol Industry: Value Chain Analysis
Figure 34: North America: Methanol Industry: Porter’s Five Forces Analysis
