Summary

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?

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Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Physical and Chemical Properties
4.3 Key Industry Trends
5 Global Methanol Market
5.1 Market Performance
5.2 Market Breakup by Application
5.3 Market Breakup by Region
5.4 Market Forecast
6 North America Methanol Market
6.1 Market Performance
6.2 Impact of COVID-19
6.3 Market Forecast
7 North America Methanol Market: Breakup by Application
7.1 Formaldehyde
7.2 Dimethyl Ether
7.3 Gasoline
7.4 Chloromethane
7.5 MTBE/TAME
7.6 Acetic Acid
7.7 Others
8 North America Methanol Market: Imports and Exports
8.1 Imports
8.2 Exports
9 North America Methanol Market: Breakup by Country
9.1 United States
9.1.1 Historical Market Trends
9.1.2 Market Breakup by Application
9.1.3 Market Forecast
9.2 Canada
9.2.1 Historical Market Trends
9.2.2 Market Breakup by Application
9.2.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
11.1 Overview
11.2 Raw Material Mining and Extraction
11.3 Manufacturing
11.4 Distribution
11.5 Export
11.6 End-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
14.1 Market Structure
14.2 Key Players
14.3 Profiles of 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

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