Summary

The global Methanol market is estimated to be USD 30.7 billion in 2021 and is projected to reach USD 36.3 billion by 2026, at a CAGR of 3.4% from 2021 to 2026. Increase in demand of methanol from the end-use industries such as automotive, construction, electronics, solvents, pharmaceuticals, appliances, packaging, and insulation is propelling the growth of this market.
“Coal feedstock is anticipated to grow at the highest CAGR during the forecast period”
Coal is estimated to account for the fastest growth in the methanol feedstock segment from 2021 to 2026. Coal is considered to be the sustainable alternative raw material for large-scale methanol production which is one the important reason for the increase in demand of coal as feedstock of methanol.
“MTO/MTP derivative is anticipated to grow at the highest CAGR during the forecast period”
Methanol-to-olefins/methanol-to-propylene (MTO/MTP) is estimated to account for the fastest growth in the methanol derivatives segment from 2021 to 2026. The growth is due to the rise in MTO/CTO plants in China to produce olefins through methanol, as the demand for olefins is growing in the petrochemical industry. The growing demand for methanol is highly attributed to its increasing demand in the automotive and construction end-use industries.
“Olefins sub-derivative is anticipated to grow at the highest CAGR during the forecast period”
Olefins is estimated to account for the fastest growth in the methanol sub-derivatives segment from 2021 to 2026. The growth is due to high demand of olefins in end-use industries such as building and construction industry. The increase in production of methanol and high feedstock availability will increase the demand for methanol-based sub-derivatives such as olefins.
“Solvents end-use industry is estimated to account for the fastest growth during the forecast period”
Solvents end-use industry is estimated to account for the fastest growth in the methanol sub-derivatives segment from 2021 to 2026. The growth in the solvent industry is due to increasing demand of solvents in the pharmaceutical, construction, and paints & coatings industries.

“Asia-Pacific is projected to grow at the highest CAGR during the forecast period”
Asia Pacific is projected to grow at the highest CAGR in the methanol market from 2021 to 2026. Asia Pacific is the largest and fastest-growing market of methanol, with China and India being the major emerging markets. The growth can be attributed to the rapidly increasing demand for methanol from the automotive and construction industries. China is a major manufacturer of methanol and had the highest consumption of methanol. The increasing demand for UF/PF resins and increasing methanol usage as an emerging fuel for automotive are the key factors expected to drive the demand for methanol during the forecast period.

Profile break-up of primary participants for the report:
• By Company Type: Tier 1 – 40%, Tier 2 – 20%, and Tier 3 – 40%
• By Designation: C-level Executives – 20%, Directors – 50%, and Others – 30%
• By Region: Asia Pacific – 30%, Europe – 40%, North America – 20%, the Middle East & Africa- 5%, and South America – 5%

Furthermore, as a part of qualitative analysis, the research provides a comprehensive review of major market drivers, restraints, opportunities, and challenges. It also discusses competitive strategies adopted by different market players, such as Methanex Corporation (Canada), HELM Proman Methanol AG, SABIC (Saudi Arabia), Yanzhou Coal Mining Co. (China), Zagros Petrochemical Company (ZPC) (Iran), Celanese Corporation (Texas), BASF SE (Germany), and PETRONAS (Malaysia), Mitsubishi Gas Chemical Company Inc. (Japan), Mitsui & Co., Ltd. (Japan),), LyondellBasell Industries B.V. (U.S), OCI N.V. (Netherlands), Metafrax Chemicals (Russia), SIPCHEM (Saudi Arabia).
Research Coverage:
This report offers an overview of market trends, drivers, and challenges with respect to the methanol market. It also provides a detailed overview of the market across five regions, namely, Asia-Pacific, Europe, North America, Middle East & Africa, and South America. The report categorizes the methanol market on the basis of type, capacity, application, and region. A detailed analysis of leading players, along with key growth strategies adopted by them, are also covered in the report.
Reasons to Buy the Report:
The report will help the market leaders/new entrants in this market by providing them the closest approximations of the revenue numbers for the overall methanol market and the subsegments. This report will help stakeholders to better understand the competitor landscape and gain more insights to better position their businesses and make suitable go-to-market strategies. The report also helps the stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.

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Table of Contents

1 INTRODUCTION 68
1.1 STUDY OBJECTIVES 68
1.2 MARKET DEFINITION 68
1.3 INCLUSIONS & EXCLUSIONS 69
TABLE 1 METHANOL MARKET, BY FEEDSTOCK: INCLUSIONS & EXCLUSIONS 69
TABLE 2 METHANOL MARKET, BY DERIVATIVE: INCLUSIONS & EXCLUSIONS 69
TABLE 3 METHANOL MARKET, BY SUB-DERIVATIVE: INCLUSIONS & EXCLUSIONS 70
TABLE 4 METHANOL MARKET, BY END-USE INDUSTRY: INCLUSIONS & EXCLUSIONS 71
TABLE 5 METHANOL MARKET, BY REGION: INCLUSIONS & EXCLUSIONS 72
1.4 MARKET SCOPE 73
1.4.1 MARKETS COVERED 73
FIGURE 1 METHANOL MARKET SEGMENTATION 73
FIGURE 2 METHANOL MARKET: REGIONS COVERED 73
1.4.2 YEARS CONSIDERED 74
1.5 CURRENCY 74
1.6 UNIT CONSIDERED 74
1.7 LIMITATIONS 74
1.8 STAKEHOLDERS 75
1.9 SUMMARY OF CHANGES 75
2 RESEARCH METHODOLOGY 76
2.1 RESEARCH DATA 76
FIGURE 3 METHANOL MARKET: RESEARCH DESIGN 76
2.1.1 SECONDARY DATA 76
2.1.1.1 Key data from secondary sources 77
2.1.2 PRIMARY DATA 78
2.1.2.1 Key data from primary sources 78
2.1.2.2 List of participating companies for primary research 78
2.1.2.3 Key industry insights 79
2.1.2.4 Breakdown of primary interviews 79
2.2 MARKET SIZE ESTIMATION 80
2.2.1 GROWTH FORECAST 80
2.3 BASE NUMBER CALCULATION 81
2.3.1 SUPPLY-SIDE APPROACH 81
2.3.2 DEMAND-SIDE APPROACH 82
2.4 DATA TRIANGULATION 84
FIGURE 4 METHANOL MARKET: DATA TRIANGULATION 84
2.5 ASSUMPTIONS 85
2.6 RISK ASSESSMENT 85
3 EXECUTIVE SUMMARY 86
TABLE 6 METHANOL MARKET SNAPSHOT, 2021 & 2026 87
FIGURE 5 NATURAL GAS LED METHANOL MARKET, BY FEEDSTOCK 87
FIGURE 6 UF/PF RESINS LED METHANOL MARKET, BY SUB-DERIVATIVE 88
FIGURE 7 AUTOMOTIVE TO LEAD METHANOL MARKET, BY END-USE INDUSTRY 88
FIGURE 8 ASIA PACIFIC REGION TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD 89
4 PREMIUM INSIGHTS 91
4.1 ATTRACTIVE OPPORTUNITIES IN THE METHANOL MARKET 91
FIGURE 9 GROWING DEMAND FOR FUEL AND DOWNSTREAM PETROCHEMICAL PRODUCTS TO DRIVE THE METHANOL MARKET 91
4.2 METHANOL MARKET, BY DERIVATIVE 91
FIGURE 10 MTO/MTP SEGMENT TO REGISTER THE HIGHEST GROWTH DURING THE FORECAST PERIOD 91
4.3 ASIA PACIFIC METHANOL MARKET, BY FEEDSTOCK AND COUNTRY 92
FIGURE 11 COAL AND CHINA ACCOUNTED FOR THE LARGEST SHARES IN
ASIA PACIFIC METHANOL MARKET IN 2020 92
4.4 METHANOL MARKET: MAJOR COUNTRIES 92
FIGURE 12 CHINA, INDIA, TURKEY, AND CANADA TO OFFER LUCRATIVE OPPORTUNITIES DURING FORECAST PERIOD 92
5 MARKET OVERVIEW 93
5.1 INTRODUCTION 93
5.2 MARKET DYNAMICS 93
FIGURE 13 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN
THE METHANOL MARKET 93
5.2.1 DRIVERS 94
5.2.1.1 Increasing demand for chemicals in Asia Pacific 94
FIGURE 14 GROWTH TRENDS IN CHEMICAL PRODUCTION (2021–2023) 94
FIGURE 15 STRONG DEMAND FORECAST FOR METHANOL IN CHEMICAL
AND MTO (2021–2023) 95
5.2.1.2 Growing demand from automotive and construction industries 95
TABLE 7 METHANOL AS A FUEL IN LIGHT AUTOMOTIVE APPLICATIONS 95
FIGURE 16 GROWTH IN INFRASTRUCTURE CONSTRUCTION (2020-2030) 96
5.2.2 RESTRAINTS 97
5.2.2.1 Use of fuel-grade ethanol 97
5.2.3 OPPORTUNITIES 97
5.2.3.1 Use of methanol as an alternative fuel in marine and manufacturing industries 97
5.2.4 CHALLENGES 98
5.2.4.1 Capital-intensive environment 98
FIGURE 17 CAPITAL COSTS FOR LARGE-SCALE METHANOL PLANTS (2020) 98
5.2.4.2 Supply chain, trade, and economic disruptions due to the
COVID-19 pandemic 98
TABLE 8 COVID-19 IMPACT ON METHANOL SUPPLY CHAIN 99
5.3 PORTER’S FIVE FORCES ANALYSIS 100
FIGURE 18 METHANOL MARKET: PORTER’S FIVE FORCES ANALYSIS 100
TABLE 9 PORTER’S FIVE FORCES ANALYSIS: METHANOL MARKET 100
5.3.1 THREAT OF NEW ENTRANTS 101
5.3.2 THREAT OF SUBSTITUTES 101
5.3.3 BARGAINING POWER OF SUPPLIERS 101
5.3.4 BARGAINING POWER OF BUYERS 102
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 102
5.4 MACROECONOMIC INDICATORS 103
5.4.1 TRENDS AND FORECAST OF REAL GDP 103
TABLE 10 ANNUAL REAL GDP GROWTH: SELECT COUNTRIES, 2018–2023 (%) 103
5.4.2 GLOBAL ELECTRONICS INDUSTRY 104
FIGURE 19 PRODUCTION BY GLOBAL ELECTRONICS AND IT INDUSTRIES (USD MILLION) 104
5.4.3 TRENDS & FORECAST IN THE CONSTRUCTION INDUSTRY 105
TABLE 11 CONSTRUCTION INDUSTRY: GDP CONTRIBUTION, BY COUNTRY,
2014–2019 (USD BILLION) 105
5.4.3.1 Manufacturing Industry 106
FIGURE 20 ANNUAL GROWTH RATE OF WORLD MANUFACTURING OUTPUT 106
5.4.3.2 Oil & Gas Industry 107
TABLE 12 GLOBAL OIL & GAS PRICES, USD/BBL (2016–2020) 107
FIGURE 21 GLOBAL OIL DEMAND GROWTH (2016-2021) 108
6 INDUSTRY TRENDS 109
6.1 SUPPLY CHAIN ANALYSIS 109
FIGURE 22 SUPPLY CHAIN ANALYSIS OF METHANOL MARKET 109
TABLE 13 COMPANIES INVOLVED IN THE SUPPLY CHAIN OF THE METHANOL MARKET 110
6.2 VALUE CHAIN ANALYSIS 111
FIGURE 23 VALUE CHAIN ANALYSIS: MAXIMUM VALUE IS ADDED DURING
THE PRODUCTION PROCESS 111
6.2.1 PROMINENT COMPANIES 112
6.2.2 SMALL & MEDIUM ENTERPRISES 112
6.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS 112
FIGURE 24 REVENUE SHIFT & NEW REVENUE POCKETS FOR METHANOL MANUFACTURERS 113
6.4 ECOSYSTEM FOR METHANOL MARKET 113
FIGURE 25 ECOSYSTEM MARKET MAP FOR METHANOL MARKET 114
6.5 PATENT ANALYSIS 115
6.5.1 INTRODUCTION 115
6.5.2 DOCUMENT TYPE 115
FIGURE 26 PATENT ANALYSIS 115
FIGURE 27 PATENT PUBLICATION FILING TREND (2010–2021) 116
6.5.3 INSIGHT 116
6.5.4 JURISDICTION ANALYSIS 116
FIGURE 28 PATENT JURISDICTION ANALYSIS – TOP 10 COUNTRIES 116
6.5.5 TOP APPLICANTS AND OWNERS 117
TABLE 14 TOP 10 PATENT OWNERS IN LAST 10 YEARS 117
FIGURE 29 TOP APPLICANTS IN PATENT FILING – METHANOL PRODUCTION 117
6.6 TECHNOLOGY ANALYSIS 118
FIGURE 30 METHANOL: PRODUCTION PROCESS 118
6.7 AVERAGE SELLING PRICE ANALYSIS 119
TABLE 15 METHANOL AVERAGE SELLING PRICE ANALYSIS (USD/TON) 119
6.8 REGULATORY LANDSCAPE 120
6.8.1 DETAILED REGULATION ANALYSIS IMPACTING METHANOL MARKET 120
6.9 COVID-19 IMPACT ANALYSIS 121
6.9.1 COVID-19 HEALTH ASSESSMENT 121
FIGURE 31 COUNTRY-WISE SPREAD OF COVID-19 121
FIGURE 32 IMPACT OF COVID-19 ON DIFFERENT COUNTRIES IN 2020 (Q4) 123
TABLE 16 THREE SCENARIO-BASED ANALYSIS OF COVID-19 IMPACT ON
GLOBAL ECONOMY 124
6.9.2 COVID-19 IMPACT ON THE METHANOL MARKET 124
6.9.2.1 Stemmed market demand, decreased capacity utilization, and logistic disruptions affected the methanol market adversely in 2020 124
FIGURE 33 NATURAL GAS PRICES PLUMMETED IN 2020 DUE TO COVID-19 IMPACT 125
FIGURE 34 COAL PRICES PLUMMETED IN 2020 DUE TO COVID-19 IMPACT 126
6.9.2.2 Increased capacity additions in 2020 may lower methanol
prices in the future 126
6.9.2.3 Post-COVID-19 scenario 127
7 METHANOL MARKET, BY FEEDSTOCK 128
7.1 INTRODUCTION 129
FIGURE 35 NATURAL GAS TO LEAD MARKET DURING FORECAST PERIOD
(THOUSAND METRIC TON) 129
7.2 METHANOL MARKET, BY FEEDSTOCK 129
TABLE 17 METHANOL MARKET SIZE, BY FEEDSTOCK, 2016–2019 (USD MILLION) 129
TABLE 18 METHANOL MARKET SIZE, BY FEEDSTOCK, 2020–2026 (USD MILLION) 130
TABLE 19 METHANOL MARKET SIZE, BY FEEDSTOCK,
2016–2019 (THOUSAND METRIC TON) 130
TABLE 20 METHANOL MARKET SIZE, BY FEEDSTOCK,
2020–2026 (THOUSAND METRIC TON) 130
7.3 COAL 130
7.3.1 CHINA HAS BECOME THE GLOBAL LEADER IN THE PRODUCTION OF METHANOL VIA ITS COAL RESERVES 130
FIGURE 36 ASIA PACIFIC TO BE THE LARGEST COAL FEEDSTOCK MARKET 131
TABLE 21 COAL FEEDSTOCK MARKET SIZE, BY REGION, 2016–2019 (USD MILLION) 131
TABLE 22 COAL FEEDSTOCK MARKET SIZE, BY REGION, 2020–2026 (USD MILLION) 131
TABLE 23 COAL FEEDSTOCK MARKET SIZE, BY REGION,
2016–2019 (THOUSAND METRIC TON) 132
TABLE 24 COAL FEEDSTOCK MARKET SIZE, BY REGION,
2020–2026 (THOUSAND METRIC TON) 132
7.4 NATURAL GAS 132
7.4.1 NATURAL GAS HAS EMERGED AS THE MAJOR FEEDSTOCK FOR METHANOL PRODUCTION 132
FIGURE 37 ASIA PACIFIC TO BE THE LARGEST NATURAL GAS FEEDSTOCK MARKET 133
TABLE 25 NATURAL GAS FEEDSTOCK MARKET SIZE, BY REGION,
2016–2019 (USD MILLION) 133
TABLE 26 NATURAL GAS FEEDSTOCK MARKET SIZE, BY REGION,
2020–2026 (USD MILLION) 133
TABLE 27 NATURAL GAS FEEDSTOCK MARKET SIZE, BY REGION,
2016–2019 (THOUSAND METRIC TON) 134
TABLE 28 NATURAL GAS FEEDSTOCK MARKET SIZE, BY REGION,
2020–2026 (THOUSAND METRIC TON) 134
7.5 OTHERS 134
FIGURE 38 ASIA PACIFIC TO BE THE LARGEST OTHER FEEDSTOCKS SEGMENT MARKET 135
TABLE 29 OTHER FEEDSTOCKS MARKET SIZE, BY REGION, 2016–2019 (USD MILLION) 135
TABLE 30 OTHER FEEDSTOCKS MARKET SIZE, BY REGION, 2020–2026 (USD MILLION) 135
TABLE 31 OTHER FEEDSTOCKS MARKET SIZE, BY REGION,
2016–2019 (THOUSAND METRIC TON) 136
TABLE 32 OTHER FEEDSTOCKS MARKET SIZE, BY REGION,
2020–2026 (THOUSAND METRIC TON) 136
8 METHANOL MARKET, BY DERIVATIVE 137
8.1 INTRODUCTION 138
FIGURE 39 FORMALDEHYDE TO BE THE LARGEST DERIVATIVE OF THE METHANOL MARKET (THOUSAND METRIC TON) 138
TABLE 33 METHANOL MARKET SIZE, BY DERIVATIVE, 2016–2019 (USD MILLION) 139
TABLE 34 METHANOL MARKET SIZE, BY DERIVATIVE, 2020–2026(USD MILLION) 139
TABLE 35 METHANOL MARKET SIZE, BY DERIVATIVE,
2016–2019 (THOUSAND METRIC TON) 140
TABLE 36 METHANOL MARKET SIZE, BY DERIVATIVE,
2020–2026(THOUSAND METRIC TON) 140
8.2 FORMALDEHYDE 141
8.2.1 MASSIVE ECONOMIC EXPANSION AND GROWING -PRODUCTION ACTIVITIES 141
FIGURE 40 ASIA PACIFIC TO BE THE LARGEST FORMALDEHYDE MARKET 141
TABLE 37 FORMALDEHYDE: METHANOL MARKET SIZE, BY REGION,
2016–2019 (USD MILLION) 142
TABLE 38 FORMALDEHYDE: METHANOL MARKET SIZE, BY REGION,
2020–2026 (USD MILLION) 142
TABLE 39 FORMALDEHYDE: METHANOL MARKET SIZE, BY REGION,
2016–2019 (THOUSAND METRIC TON) 142
TABLE 40 FORMALDEHYDE: METHANOL MARKET SIZE, BY REGION,
2020–2026 (THOUSAND METRIC TON) 143
 
8.3 GASOLINE 143
8.3.1 GROWING TRANSPORTATION SECTOR INCREASING DEMAND 143
FIGURE 41 ASIA PACIFIC TO BE THE LARGEST GASOLINE MARKET 144
TABLE 41 GASOLINE: METHANOL MARKET SIZE, BY REGION,
2016–2019 (USD MILLION) 144
TABLE 42 GASOLINE: METHANOL MARKET SIZE, BY REGION,
2020–2026 (USD MILLION) 144
TABLE 43 GASOLINE: METHANOL MARKET SIZE, BY REGION,
2016–2019 (THOUSAND METRIC TON) 145
TABLE 44 GASOLINE: METHANOL MARKET SIZE, BY REGION,
2020–2026 (THOUSAND METRIC TON) 145
8.4 METHANOL-TO-OLEFINS/METHANOL-T0-PROPYLENE (MTO/MTP) 145
8.4.1 HIGH DEMAND FOR PLASTICS SUCH AS POLYETHYLENE AND POLYPROPYLENE IN END-USE INDUSTRIES 145
FIGURE 42 ASIA PACIFIC TO BE THE LARGEST MTO/MTP MARKET 146
TABLE 45 MTO/MTP: METHANOL MARKET SIZE, BY REGION,
2016–2019 (USD MILLION) 146
TABLE 46 MTO/MTP: METHANOL MARKET SIZE, BY REGION,
2020–2026 (USD MILLION) 146
TABLE 47 MTO/MTP: METHANOL MARKET SIZE, BY REGION,
2016–2019 (THOUSAND METRIC TON) 147
TABLE 48 MTO/MTP: METHANOL MARKET SIZE, BY REGION,
2020–2026 (THOUSAND METRIC TON) 147
8.5 METHYL TERT-BUTYL ETHER (MTBE) 147
8.5.1 EXTENSIVE USE OF MTBE IN VARIOUS END-USE INDUSTRIES 147
FIGURE 43 ASIA PACIFIC TO BE THE LARGEST MTBE MARKET 148
TABLE 49 MTBE: METHANOL MARKET SIZE, BY REGION, 2016–2019 (USD MILLION) 148
TABLE 50 MTBE: METHANOL MARKET SIZE, BY REGION, 2020–2026 (USD MILLION) 148
TABLE 51 MTBE: METHANOL MARKET SIZE, BY REGION,
2016–2019 (THOUSAND METRIC TON) 149
TABLE 52 MTBE: METHANOL MARKET SIZE, BY REGION,
2020–2026 (THOUSAND METRIC TON) 149
8.6 ACETIC ACID 149
8.6.1 HIGH DEMAND FOR VAM IN FURNITURE, AUTOMOTIVE, AND CONSTRUCTION INDUSTRIES 149
FIGURE 44 ASIA PACIFIC TO BE THE LARGEST ACETIC ACID MARKET 150
TABLE 53 ACETIC ACID: METHANOL MARKET SIZE, BY REGION,
2016–2019 (USD MILLION) 150
TABLE 54 ACETIC ACID: METHANOL MARKET SIZE, BY REGION,
2020–2026 (USD MILLION) 150
TABLE 55 ACETIC ACID: METHANOL MARKET SIZE, BY REGION,
2016–2019 (THOUSAND METRIC TON) 151
TABLE 56 ACETIC ACID: METHANOL MARKET SIZE, BY REGION,
2020–2026 (THOUSAND METRIC TON) 151
8.7 DIMETHYL ETHER (DME) 151
8.7.1 VARIOUS APPLICATIONS OF DME SUPPORTING MARKET GROWTH 151
FIGURE 45 ASIA PACIFIC TO BE THE LARGEST DME MARKET 152
TABLE 57 DME: METHANOL MARKET SIZE, BY REGION, 2016–2019 (USD MILLION) 152
TABLE 58 DME: METHANOL MARKET SIZE, BY REGION, 2020–2026 (USD MILLION) 153
TABLE 59 DME: METHANOL MARKET SIZE, BY REGION,
2016–2019 (THOUSAND METRIC TON) 153
TABLE 60 DME: METHANOL MARKET SIZE, BY REGION,
2020–2026 (THOUSAND METRIC TON) 153
8.8 METHYL METHACRYLATE (MMA) 154
8.8.1 GROWING DEMAND IN ELECTRONIC AND OTHER END-USE INDUSTRIES 154
FIGURE 46 ASIA PACIFIC TO BE THE LARGEST MMA MARKET 154
TABLE 61 MMA: METHANOL MARKET SIZE, BY REGION, 2016–2019 (USD MILLION) 154
TABLE 62 MMA: METHANOL MARKET SIZE, BY REGION, 2020–2026 (USD MILLION) 155
TABLE 63 MMA: METHANOL MARKET SIZE, BY REGION,
2016–2019 (THOUSAND METRIC TON) 155
TABLE 64 MMA: METHANOL MARKET SIZE, BY REGION,
2020–2026 (THOUSAND METRIC TON) 155
8.9 BIODIESEL 156
8.9.1 USAGE OF BIODIESEL AS A CONVENTIONAL FUEL 156
FIGURE 47 ASIA PACIFIC TO BE THE LARGEST REGION IN THE BIODIESEL SEGMENT 156
TABLE 65 BIODIESEL: METHANOL MARKET SIZE, BY REGION,
2016–2019 (USD MILLION) 157
TABLE 66 BIODIESEL: METHANOL MARKET SIZE, BY REGION,
2020–2026 (USD MILLION) 157
TABLE 67 BIODIESEL: METHANOL MARKET SIZE, BY REGION,
2016–2019 (THOUSAND METRIC TON) 157
TABLE 68 BIODIESEL: METHANOL MARKET SIZE, BY REGION,
2020–2026 (THOUSAND METRIC TON) 158
8.10 OTHERS 158
FIGURE 48 ASIA PACIFIC TO BE THE LARGEST REGION IN OTHER DERIVATIVES SEGMENT 158
TABLE 69 OTHER DERIVATIVES: METHANOL MARKET SIZE, BY REGION,
2016–2019 (USD MILLION) 159
TABLE 70 OTHER DERIVATIVES: METHANOL MARKET SIZE, BY REGION,
2020–2026 (USD MILLION) 159
TABLE 71 OTHER DERIVATIVES: METHANOL MARKET SIZE, BY REGION,
2016–2019 (THOUSAND METRIC TON) 159
TABLE 72 OTHER DERIVATIVES: METHANOL MARKET SIZE, BY REGION,
2020–2026 (THOUSAND METRIC TON) 160
9 METHANOL MARKET, BY SUB-DERIVATIVE 161
9.1 INTRODUCTION 162
FIGURE 49 UF/PF RESINS TO BE THE LARGEST SUB-DERIVATIVE OF METHANOL MARKET 162
TABLE 73 METHANOL MARKET SIZE, BY SUB-DERIVATIVE, 2016–2019 (USD MILLION) 163
TABLE 74 METHANOL MARKET SIZE, BY SUB-DERIVATIVE, 2020–2026(USD MILLION) 163
TABLE 75 METHANOL MARKET SIZE, BY SUB-DERIVATIVE,
2016–2019 (THOUSAND METRIC TON) 164
TABLE 76 METHANOL MARKET SIZE, BY SUB-DERIVATIVE,
2020–2026(THOUSAND METRIC TON) 164
9.2 GASOLINE ADDITIVES 165
9.2.1 RAPID GROWTH OF THE AUTOMOTIVE INDUSTRY 165
FIGURE 50 ASIA PACIFIC REGION TO LEAD GASOLINE ADDITIVES SUB-DERIVATIVE SEGMENT 165
TABLE 77 GASOLINE ADDITIVES: METHANOL MARKET SIZE, BY REGION,
2016–2019 (USD MILLION) 165
TABLE 78 GASOLINE ADDITIVES: METHANOL MARKET SIZE, BY REGION,
2020–2026 (USD MILLION) 166
TABLE 79 GASOLINE ADDITIVES: METHANOL MARKET SIZE, BY REGION,
2016–2019 (THOUSAND METRIC TON) 166
TABLE 80 GASOLINE ADDITIVES: METHANOL MARKET SIZE, BY REGION,
2020–2026 (THOUSAND METRIC TON) 166
9.3 OLEFINS 167
9.3.1 GROWING OLEFINS MARKET IN CHINA AND REST OF ASIA PACIFIC TO DRIVE THE METHANOL MARKET 167
FIGURE 51 ASIA PACIFIC TO LEAD OLEFINS SUB-DERIVATIVE SEGMENT 167
TABLE 81 OLEFINS: METHANOL MARKET SIZE, BY REGION, 2016–2019 (USD MILLION) 167
TABLE 82 OLEFINS: METHANOL MARKET SIZE, BY REGION, 2020–2026 (USD MILLION) 168
TABLE 83 OLEFINS: METHANOL MARKET SIZE, BY REGION,
2016–2019 (THOUSAND METRIC TON) 168
TABLE 84 OLEFINS: METHANOL MARKET SIZE, BY REGION,
2020–2026 (THOUSAND METRIC TON) 168
9.4 UF/PF RESINS 169
9.4.1 EXCESSIVE USE OF UP/PF RESINS IN A WIDE RANGE OF APPLICATIONS 169
FIGURE 52 ASIA PACIFIC REGION TO LEAD UF/PF RESINS SUB-DERIVATIVE SEGMENT 169
TABLE 85 UF/PF RESINS METHANOL MARKET SIZE, BY REGION,
2016–2019 (USD MILLION) 169
TABLE 86 UF/PF RESINS: METHANOL MARKET SIZE, BY REGION,
2020–2026 (USD MILLION) 170
TABLE 87 UF/PF RESINS: METHANOL MARKET SIZE, BY REGION,
2016–2019 (THOUSAND METRIC TON) 170
TABLE 88 UF/PF RESINS: METHANOL MARKET SIZE, BY REGION,
2020–2026 (THOUSAND METRIC TON) 170
9.5 VINYL ACETATE MONOMER (VAM) 171
9.5.1 HIGH DEMAND FROM THE CONSTRUCTION INDUSTRY 171
FIGURE 53 ASIA PACIFIC REGION TO LEAD VAM SUB-DERIVATIVE SEGMENT 171
TABLE 89 VAM: METHANOL MARKET SIZE, BY REGION, 2016–2019 (USD MILLION) 171
TABLE 90 VAM: METHANOL MARKET SIZE, BY REGION, 2020–2026 (USD MILLION) 172
TABLE 91 VAM: METHANOL MARKET SIZE, BY REGION,
2016–2019 (THOUSAND METRIC TON) 172
TABLE 92 VAM: METHANOL MARKET SIZE, BY REGION,
2020–2026 (THOUSAND METRIC TON) 172
9.6 POLYACETALS 173
9.6.1 GROWTH OF AUTOMOTIVE INDUSTRY IN VARIOUS EMERGING ECONOMIES TO INCREASE POLYACETALS DEMAND AS A SUB-DERIVATIVE 173
FIGURE 54 ASIA PACIFIC REGION TO LEAD POLYACETALS SUB-DERIVATIVE SEGMENT 173
TABLE 93 POLYACETALS: METHANOL MARKET SIZE, BY REGION,
2016–2019 (USD MILLION) 173
TABLE 94 POLYACETALS: METHANOL MARKET SIZE, BY REGION,
2020–2026 (USD MILLION) 174
TABLE 95 POLYACETALS: METHANOL MARKET SIZE, BY REGION,
2016–2019 (THOUSAND METRIC TON) 174
TABLE 96 POLYACETALS: METHANOL MARKET SIZE, BY REGION,
2020–2026 (THOUSAND METRIC TON) 174
9.7 FUELS 175
9.7.1 CONSIDERATION OF METHANOL AS AN ALTERNATIVE FUEL 175
FIGURE 55 ASIA PACIFIC TO LEAD FUELS SUB-DERIVATIVE SEGMENT 175
TABLE 97 FUELS MARKET: METHANOL SIZE, BY REGION, 2016–2019 (USD MILLION) 175
TABLE 98 FUELS: METHANOL MARKET SIZE, BY REGION, 2020–2026 (USD MILLION) 176
TABLE 99 FUELS: METHANOL MARKET SIZE, BY REGION,
2016–2019 (THOUSAND METRIC TON) 176
TABLE 100 FUELS: METHANOL MARKET SIZE, BY REGION,
2020–2026 (THOUSAND METRIC TON) 176
9.8 METHYLENE DIPHENYL DIISOCYANATE (MDI) 177
9.8.1 GROWING AUTOMOBILE AND FURNITURE INDUSTRIES 177
FIGURE 56 ASIA PACIFIC TO LEAD MDI SUB-DERIVATIVE SEGMENT 177
TABLE 101 MDI: METHANOL MARKET SIZE, BY REGION, 2016–2019 (USD MILLION) 177
TABLE 102 MDI: METHANOL MARKET SIZE, BY REGION, 2020–2026 (USD MILLION) 178
TABLE 103 MDI: METHANOL MARKET SIZE, BY REGION,
2016–2019 (THOUSAND METRIC TON) 178
TABLE 104 MDI: METHANOL MARKET SIZE, BY REGION,
2020–2026 (THOUSAND METRIC TON) 178
9.9 ACETATE ESTER 179
9.9.1 GROWTH IN AUTOMOTIVE AND PAINTS & COATINGS INDUSTRIES 179
FIGURE 57 ASIA PACIFIC REGION TO LEAD ACETIC ESTERS SUB-DERIVATIVE SEGMENT 179
TABLE 105 ACETATE ESTER: METHANOL MARKET SIZE, BY REGION,
2016–2019 (USD MILLION) 179
TABLE 106 ACETATE ESTER: METHANOL MARKET SIZE, BY REGION,
2020–2026 (USD MILLION) 180
TABLE 107 ACETATE ESTER: METHANOL MARKET SIZE, BY REGION,
2016–2019 (THOUSAND METRIC TON) 180
TABLE 108 ACETATE ESTER: METHANOL MARKET SIZE, BY REGION,
2020–2026 (THOUSAND METRIC TON) 180
9.10 PURIFIED TEREPHTHALIC ACID (PTA) 181
9.10.1 MAJOR INVESTMENTS AND EXPANSIONS IN PTA PRODUCTION
CAPACITIES IN CHINA 181
FIGURE 58 ASIA PACIFIC REGION TO LEAD PTA SUB-DERIVATIVE SEGMENT 181
TABLE 109 PTA: METHANOL MARKET SIZE, BY REGION, 2016–2019 (USD MILLION) 181
TABLE 110 PTA: METHANOL MARKET SIZE, BY REGION, 2020–2026 (USD MILLION) 182
TABLE 111 PTA: METHANOL MARKET SIZE, BY REGION,
2016–2019 (THOUSAND METRIC TON) 182
TABLE 112 PTA: METHANOL MARKET SIZE, BY REGION,
2020–2026 (THOUSAND METRIC TON) 182
9.11 ACETIC ANHYDRIDE 183
9.11.1 GROWING PHARMACEUTICAL INDUSTRY DRIVING THE MARKET 183
FIGURE 59 ASIA PACIFIC TO LEAD ACETIC ANHYDRIDE SUB-DERIVATIVE SEGMENT 183
TABLE 113 ACETIC ANHYDRIDE: METHANOL MARKET SIZE, BY REGION,
2016–2019 (USD MILLION) 183
TABLE 114 ACETIC ANHYDRIDE: METHANOL MARKET SIZE, BY REGION,
2020–2026 (USD MILLION) 184
TABLE 115 ACETIC ANHYDRIDE: METHANOL MARKET SIZE, BY REGION,
2016–2019 (THOUSAND METRIC TON) 184
TABLE 116 ACETIC ANHYDRIDE: METHANOL MARKET SIZE, BY REGION,
2020–2026 (THOUSAND METRIC TON) 184
9.12 OTHERS 185
FIGURE 60 ASIA PACIFIC REGION TO LEAD OTHER SUB-DERIVATIVES SEGMENT 185
TABLE 117 OTHER SUB-DERIVATIVES: METHANOL MARKET SIZE, BY REGION,
2016–2019 (USD MILLION) 185
TABLE 118 OTHER SUB-DERIVATIVES: METHANOL MARKET SIZE, BY REGION,
2020–2026 (USD MILLION) 186
TABLE 119 OTHER SUB-DERIVATIVES: METHANOL MARKET SIZE, BY REGION,
2016–2019 (THOUSAND METRIC TON) 186
TABLE 120 OTHER SUB-DERIVATIVES: METHANOL MARKET SIZE, BY REGION,
2020–2026 (THOUSAND METRIC TON) 186
10 METHANOL MARKET, BY END-USE INDUSTRY 187
10.1 INTRODUCTION 188
FIGURE 61 AUTOMOTIVE TO BE THE LARGEST END-USE INDUSTRY OF METHANOL MARKET 188
TABLE 121 METHANOL MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 189
TABLE 122 METHANOL MARKET SIZE, BY END-USE INDUSTRY,
2020–2026(USD MILLION) 189
TABLE 123 METHANOL MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (THOUSAND METRIC TON) 190
TABLE 124 METHANOL MARKET SIZE, BY END-USE INDUSTRY,
2020–2026(THOUSAND METRIC TON) 190
10.2 AUTOMOTIVE 191
10.2.1 MULTIPLE APPLICATIONS OF METHANOL IN THE AUTOMOTIVE INDUSTRY 191
10.2.2 IMPACT OF COVID-19 ON AUTOMOTIVE INDUSTRY 191
FIGURE 62 ASIA PACIFIC TO LEAD AUTOMOTIVE END-USE INDUSTRY SEGMENT 191
TABLE 125 METHANOL MARKET SIZE IN AUTOMOTIVE END-USE INDUSTRY, BY REGION, 2016–2019 (USD MILLION) 192
TABLE 126 METHANOL MARKET SIZE IN AUTOMOTIVE END-USE INDUSTRY, BY REGION, 2020–2026 (USD MILLION) 192
TABLE 127 METHANOL MARKET SIZE IN AUTOMOTIVE END-USE INDUSTRY, BY REGION, 2016–2019 (THOUSAND METRIC TON) 192
TABLE 128 METHANOL MARKET SIZE IN AUTOMOTIVE END-USE INDUSTRY, BY REGION, 2020–2026 (THOUSAND METRIC TON) 193
10.3 CONSTRUCTION 193
10.3.1 HUGE DEMAND FOR UF/PF RESINS AND FORMALDEHYDE BASED RESINS 193
10.3.2 IMPACT OF COVID-19 ON CONSTRUCTION INDUSTRY 193
FIGURE 63 ASIA PACIFIC TO LEAD CONSTRUCTION END-USE INDUSTRY SEGMENT 194
TABLE 129 METHANOL MARKET SIZE IN CONSTRUCTION END-USE INDUSTRY,
BY REGION, 2016–2019 (USD MILLION) 194
TABLE 130 METHANOL MARKET SIZE IN CONSTRUCTION END-USE INDUSTRY,
BY REGION, 2020–2026 (USD MILLION) 194
TABLE 131 METHANOL MARKET SIZE IN CONSTRUCTION END-USE INDUSTRY,
BY REGION, 2016–2019 (THOUSAND METRIC TON) 195
TABLE 132 METHANOL MARKET SIZE IN CONSTRUCTION END-USE INDUSTRY,
BY REGION, 2020–2026 (THOUSAND METRIC TON) 195
10.4 ELECTRONICS 195
10.4.1 GROWING DEMAND FOR METHANOL FUEL CELLS 195
10.4.2 IMPACT OF COVID-19 ON THE ELECTRONICS INDUSTRY 196
FIGURE 64 ASIA PACIFIC TO LEAD ELECTRONICS END-USE INDUSTRY SEGMENT 196
TABLE 133 METHANOL MARKET SIZE IN ELECTRONICS END-USE INDUSTRY, BY REGION, 2016–2019 (USD MILLION) 196
TABLE 134 METHANOL MARKET SIZE IN ELECTRONIC END-USE INDUSTRY, BY REGION, 2020–2026 (USD MILLION) 197
TABLE 135 METHANOL MARKET SIZE IN ELECTRONICS END-USE INDUSTRY, BY REGION, 2016–2019 (THOUSAND METRIC TON) 197
TABLE 136 METHANOL MARKET SIZE IN ELECTRONICS END-USE INDUSTRY, BY REGION, 2020–2026 (THOUSAND METRIC TON) 197
10.5 APPLIANCES 198
10.5.1 GROWING APPLIANCES END-USE INDUSTRY TO BOOST THE METHANOL MARKET 198
10.5.2 IMPACT OF COVID-19 ON APPLIANCES INDUSTRY 198
FIGURE 65 ASIA PACIFIC TO LEAD APPLIANCES END-USE INDUSTRY SEGMENT 199
TABLE 137 METHANOL MARKET SIZE IN APPLIANCES END-USE INDUSTRY, BY REGION, 2016–2019 (USD MILLION) 199
TABLE 138 METHANOL MARKET SIZE IN APPLIANCES END-USE INDUSTRY, BY REGION, 2020–2026 (USD MILLION) 199
TABLE 139 METHANOL MARKET SIZE IN APPLIANCES END-USE INDUSTRY, BY REGION, 2016–2019 (THOUSAND METRIC TON) 200
TABLE 140 METHANOL MARKET SIZE IN APPLIANCES END-USE INDUSTRY, BY REGION, 2020–2026 (THOUSAND METRIC TON) 200
10.6 PAINTS & COATINGS 200
10.6.1 INCREASING DEMAND FOR ORGANIC SOLVENTS 200
10.6.2 IMPACT OF COVID-19 ON PAINTS & COATINGS INDUSTRY 200
FIGURE 66 ASIA PACIFIC TO LEAD PAINTS & COATINGS END-USE INDUSTRY SEGMENT 201
TABLE 141 METHANOL MARKET SIZE IN PAINTS & COATINGS END-USE INDUSTRY,
BY REGION, 2016–2019 (USD MILLION) 201
TABLE 142 METHANOL MARKET SIZE IN PAINTS & COATINGS END-USE INDUSTRY,
BY REGION, 2020–2026 (USD MILLION) 201
TABLE 143 METHANOL MARKET SIZE IN PAINTS & COATINGS END-USE INDUSTRY,
BY REGION, 2016–2019 (THOUSAND METRIC TON) 202
TABLE 144 METHANOL MARKET SIZE IN PAINTS & COATINGS END-USE INDUSTRY,
BY REGION, 2020–2026 (THOUSAND METRIC TON) 202
10.7 INSULATION 202
10.7.1 INCREASING DEMAND FOR METHANOL AS AGING MARKER TO DRIVE THE MARKET 202
10.7.2 IMPACT OF COVID-19 ON INSULATION INDUSTRY 203
FIGURE 67 ASIA PACIFIC TO LEAD INSULATION END-USE INDUSTRY SEGMENT 203
TABLE 145 METHANOL MARKET SIZE IN THE INSULATION END-USE INDUSTRY,
BY REGION, 2016–2019 (USD MILLION) 203
TABLE 146 METHANOL MARKET SIZE IN THE INSULATION END-USE INDUSTRY,
BY REGION, 2020–2026 (USD MILLION) 204
TABLE 147 METHANOL MARKET SIZE IN THE INSULATION END-USE INDUSTRY,
BY REGION, 2016–2019 (THOUSAND METRIC TON) 204
TABLE 148 METHANOL MARKET SIZE IN THE INSULATION END-USE INDUSTRY,
BY REGION, 2020–2026 (THOUSAND METRIC TON) 204
10.8 PHARMACEUTICAL 205
10.8.1 INCREASING USE OF MTBE IN DIFFERENT MEDICAL PROCEDURES 205
10.8.2 IMPACT OF COVID-19 ON PHARMACEUTICAL INDUSTRY 205
FIGURE 68 ASIA PACIFIC TO LEAD PHARMACEUTICAL END-USE INDUSTRY SEGMENT 205
TABLE 149 METHANOL MARKET SIZE IN THE PHARMACEUTICAL END-USE INDUSTRY,
BY REGION, 2016–2019 (USD MILLION) 206
TABLE 150 METHANOL MARKET SIZE IN THE PHARMACEUTICAL END-USE INDUSTRY,
BY REGION, 2020–2026 (USD MILLION) 206
TABLE 151 METHANOL MARKET SIZE IN THE PHARMACEUTICAL END-USE INDUSTRY,
BY REGION, 2016–2019 (THOUSAND METRIC TON) 206
TABLE 152 METHANOL MARKET SIZE IN THE PHARMACEUTICAL END-USE INDUSTRY,
BY REGION, 2020–2026 (THOUSAND METRIC TON) 207
10.9 PACKAGING (PET BOTTLES) 207
10.9.1 USAGE OF PET BOTTLES IN VARIOUS END-USE INDUSTRIES 207
10.9.2 IMPACT OF COVID-19 ON PACKAGING (PET BOTTLES) INDUSTRY 207
FIGURE 69 ASIA PACIFIC TO LEAD PACKAGING (PET BOTTLES) END-USE INDUSTRY SEGMENT 208
TABLE 153 METHANOL MARKET SIZE IN THE PACKAGING (PET BOTTLES) END-USE INDUSTRY, BY REGION, 2016–2019 (USD MILLION) 208
TABLE 154 METHANOL MARKET SIZE IN THE PACKAGING (PET BOTTLES) END-USE INDUSTRY, BY REGION, 2020–2026 (USD MILLION) 208
TABLE 155 METHANOL MARKET SIZE IN THE PACKAGING (PET BOTTLES) END-USE INDUSTRY, BY REGION, 2016–2019 (THOUSAND METRIC TON) 209
TABLE 156 METHANOL MARKET SIZE IN THE PACKAGING (PET BOTTLES) END-USE INDUSTRY, BY REGION, 2020–2026 (THOUSAND METRIC TON) 209
10.10 SOLVENTS 209
10.10.1 INCREASING DEMAND FOR METHANOL AS A SOLVENT IN PHARMACEUTICAL AND CONSTRUCTION INDUSTRIES 209
10.10.2 IMPACT OF COVID-19 ON SOLVENTS INDUSTRY 209
FIGURE 70 ASIA PACIFIC TO LEAD SOLVENTS END-USE INDUSTRY SEGMENT 210
TABLE 157 METHANOL MARKET SIZE IN SOLVENTS END-USE INDUSTRY, BY REGION, 2016–2019 (USD MILLION) 210
TABLE 158 METHANOL MARKET SIZE IN SOLVENTS END-USE INDUSTRY, BY REGION, 2020–2026 (USD MILLION) 210
TABLE 159 METHANOL MARKET SIZE IN SOLVENTS END-USE INDUSTRY, BY REGION, 2016–2019 (THOUSAND METRIC TON) 211
TABLE 160 METHANOL MARKET SIZE IN SOLVENTS END-USE INDUSTRY, BY REGION, 2020–2026 (THOUSAND METRIC TON) 211
10.11 OTHERS 212
FIGURE 71 ASIA PACIFIC TO LEAD OTHER END-USE INDUSTRIES SEGMENT 212
TABLE 161 METHANOL MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2016–2019 (USD MILLION) 212
TABLE 162 METHANOL MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2020–2026 (USD MILLION) 213
TABLE 163 METHANOL MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2016–2019 (THOUSAND METRIC TON) 213
TABLE 164 METHANOL MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2020–2026 (THOUSAND METRIC TON) 213
11 METHANOL MARKET, REGIONAL ANALYSIS 214
11.1 INTRODUCTION 215
FIGURE 72 CHINA TO DRIVE THE METHANOL MARKET WITH THE HIGHEST
CAGR (2021–2026) 215
TABLE 165 METHANOL MARKET SIZE, BY REGION, 2016–2019 (USD MILLION) 216
TABLE 166 METHANOL MARKET SIZE, BY REGION, 2020–2026 (USD MILLION) 216
TABLE 167 METHANOL MARKET SIZE, BY REGION,
2016–2019 (THOUSAND METRIC TON) 216
TABLE 168 METHANOL MARKET SIZE, BY REGION,
2020–2026 (THOUSAND METRIC TON) 217
11.2 ASIA PACIFIC 217
FIGURE 73 ASIA PACIFIC: METHANOL MARKET SNAPSHOT 218
TABLE 169 ASIA PACIFIC: METHANOL MARKET SIZE, BY COUNTRY,
2016–2019 (USD MILLION) 218
TABLE 170 ASIA PACIFIC: METHANOL MARKET SIZE, BY COUNTRY,
2020–2026 (USD MILLION) 219
TABLE 171 ASIA PACIFIC: METHANOL MARKET SIZE, BY COUNTRY,
2016–2019 (THOUSAND METRIC TON) 219
TABLE 172 ASIA PACIFIC: METHANOL MARKET SIZE, BY COUNTRY,
2020–2026 (THOUSAND METRIC TON) 219
TABLE 173 ASIA PACIFIC: METHANOL MARKET SIZE, BY FEEDSTOCK,
2016–2019 (USD MILLION) 220
TABLE 174 ASIA PACIFIC: METHANOL MARKET SIZE, BY FEEDSTOCK,
2020–2026 (USD MILLION) 220
TABLE 175 ASIA PACIFIC: METHANOL MARKET SIZE, BY FEEDSTOCK,
2016–2019 (THOUSAND METRIC TON) 220
TABLE 176 ASIA PACIFIC: METHANOL MARKET SIZE, BY FEEDSTOCK,
2020–2026 (THOUSAND METRIC TON) 221
TABLE 177 ASIA PACIFIC: METHANOL MARKET SIZE, BY DERIVATIVE,
2016–2019 (USD MILLION) 221
TABLE 178 ASIA PACIFIC: METHANOL MARKET SIZE, BY DERIVATIVE,
2020–2026 (USD MILLION) 222
TABLE 179 ASIA PACIFIC: METHANOL MARKET SIZE, BY DERIVATIVE,
2016–2019 (THOUSAND METRIC TON) 222
TABLE 180 ASIA PACIFIC: METHANOL MARKET SIZE, BY DERIVATIVE,
2020–2026 (THOUSAND METRIC TON) 223
TABLE 181 ASIA PACIFIC: METHANOL MARKET SIZE, BY SUB-DERIVATIVE,
2016–2019 (USD MILLION) 223
TABLE 182 ASIA PACIFIC: METHANOL MARKET SIZE, BY SUB-DERIVATIVE,
2020–2026 (USD MILLION) 224
TABLE 183 ASIA PACIFIC: METHANOL MARKET SIZE, BY SUB-DERIVATIVE,
2016–2019 (THOUSAND METRIC TON) 224
TABLE 184 ASIA PACIFIC: METHANOL MARKET SIZE, BY SUB-DERIVATIVE,
2020–2026 (THOUSAND METRIC TON) 225
TABLE 185 ASIA PACIFIC: METHANOL MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 225
TABLE 186 ASIA PACIFIC: METHANOL MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 226
TABLE 187 ASIA PACIFIC: METHANOL MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (THOUSAND METRIC TON) 226
TABLE 188 ASIA PACIFIC: METHANOL MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (THOUSAND METRIC TON) 227
11.2.1 CHINA 227
11.2.1.1 Rise in fuel consumption due to the increasing number of cars 227
TABLE 189 CHINA: METHANOL MARKET SIZE, BY FEEDSTOCK,
2016–2019 (USD MILLION) 228
TABLE 190 CHINA: METHANOL MARKET SIZE, BY FEEDSTOCK,
2020–2026 (USD MILLION) 228
TABLE 191 CHINA: METHANOL MARKET SIZE, BY FEEDSTOCK,
2016–2019 (THOUSAND METRIC TON) 228
TABLE 192 CHINA: METHANOL MARKET SIZE, BY FEEDSTOCK,
2020–2026 (THOUSAND METRIC TON) 229
TABLE 193 CHINA: METHANOL MARKET SIZE, BY DERIVATIVE,
2016–2019 (USD MILLION) 229
TABLE 194 CHINA: METHANOL MARKET SIZE, BY DERIVATIVE,
2020–2026 (USD MILLION) 229
TABLE 195 CHINA: METHANOL MARKET SIZE, BY DERIVATIVE,
2016–2019 (THOUSAND METRIC TON) 230
TABLE 196 CHINA: METHANOL MARKET SIZE, BY DERIVATIVE,
2020–2026 (THOUSAND METRIC TON) 230
TABLE 197 CHINA: METHANOL MARKET SIZE, BY SUB-DERIVATIVE,
2016–2019 (USD MILLION) 231
TABLE 198 CHINA: METHANOL MARKET SIZE, BY SUB-DERIVATIVE,
2020–2026 (USD MILLION) 231
TABLE 199 CHINA: METHANOL MARKET SIZE, BY SUB-DERIVATIVE,
2016–2019 (THOUSAND METRIC TON) 232
TABLE 200 CHINA: METHANOL MARKET SIZE, BY SUB-DERIVATIVE,
2020–2026 (THOUSAND METRIC TON) 232
TABLE 201 CHINA: METHANOL MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 233
TABLE 202 CHINA: METHANOL MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 233
TABLE 203 CHINA: METHANOL MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (THOUSAND METRIC TON) 234
TABLE 204 CHINA: METHANOL MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (THOUSAND METRIC TON) 234
11.2.2 JAPAN 235
11.2.2.1 Increasing consumption in various end-use industries 235
TABLE 205 JAPAN: METHANOL MARKET SIZE, BY FEEDSTOCK,
2016–2019 (USD MILLION) 235
TABLE 206 JAPAN: METHANOL MARKET SIZE, BY FEEDSTOCK,
2020–2026 (USD MILLION) 235
TABLE 207 JAPAN: METHANOL MARKET SIZE, BY FEEDSTOCK,
2016–2019 (THOUSAND METRIC TON) 236
TABLE 208 JAPAN: METHANOL MARKET SIZE, BY FEEDSTOCK,
2020–2026 (THOUSAND METRIC TON) 236
TABLE 209 JAPAN: METHANOL MARKET SIZE, BY DERIVATIVE,
2016–2019 (USD MILLION) 236
TABLE 210 JAPAN: METHANOL MARKET SIZE, BY DERIVATIVE,
2020–2026 (USD MILLION) 237
TABLE 211 JAPAN: METHANOL MARKET SIZE, BY DERIVATIVE,
2016–2019 (THOUSAND METRIC TON) 237
TABLE 212 JAPAN: METHANOL MARKET SIZE, BY DERIVATIVE,
2020–2026 (THOUSAND METRIC TON) 238
TABLE 213 JAPAN: METHANOL MARKET SIZE, BY SUB-DERIVATIVE,
2016–2019 (USD MILLION) 238
TABLE 214 JAPAN: METHANOL MARKET SIZE, BY SUB-DERIVATIVE,
2020–2026 (USD MILLION) 239
TABLE 215 JAPAN: METHANOL MARKET SIZE, BY SUB-DERIVATIVE,
2016–2019 (THOUSAND METRIC TON) 239
TABLE 216 JAPAN: METHANOL MARKET SIZE, BY SUB-DERIVATIVE,
2020–2026 (THOUSAND METRIC TON) 240
TABLE 217 JAPAN: METHANOL MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (USD MILLION) 240
TABLE 218 JAPAN: METHANOL MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (USD MILLION) 241
TABLE 219 JAPAN: METHANOL MARKET SIZE, BY END-USE INDUSTRY,
2016–2019 (THOUSAND METRIC TON) 241
TABLE 220 JAPAN: METHANOL MARKET SIZE, BY END-USE INDUSTRY,
2020–2026 (THOUSAND METRIC TON) 242