Methanol Market Analysis

The global methanol market is segmented by feedstock into coal, natural gas, and others. Amongst these segments, the coal segment is anticipated to hold the largest market share of 55.05% by the end of 2036. The natural gas segment, on the other hand, is anticipated to hold the second leading stance and further grow with a CAGR of 7% during the forecast period. The rise in demand for natural gas worldwide for different end use applications, is one of the major factors anticipated to drive the growth of the segment in the coming years. 

The market is further segmented by derivatives into formaldehyde, acetic acid, methyl tert-butyl ether (MTBE), methanol to olefins (MTO), gasoline, dimethyl ether (DME), and others. Amongst these segments, the methanol to olefins (MTO) segment is expected to hold the largest market share of USD 31.49% by the end of 2036. The dimethyl ether (DME) segment, on the other hand, is expected to grow with the highest CAGR of 5.7% during the forecast period. On the basis of application, the market is segmented into transportation fuel, cooking fuel, wastewater treatment, chemical additive, and others. Out of these, the transportation fuel segment is anticipated to hold the largest share of USD 36.9 by the end of 2036. The market is also segmented by end use industry into paints & coatings, automotive, construction, pharmaceuticals, electronics, agriculture, and others, out of which, the automotive segment is anticipated to hold the largest market share of USD 37.8% by the end of 2036.