Methanol Industry Research Application, Top Key players

Methanol Industry Research Application, Top Key players

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The global methanol industry size is set to gain traction from the urgent need to lower environmental pollution caused by the surging usage of heavy fuels, such as diesel and gasoline. Pollution further leads to global warming and climate change. Statista mentioned that the earth’s surface temperature was 0.98 Celsius degrees warmer in 2020 than the 20th Century average. This information is published by Fortune Business Insights™ in a report titled, “

COVID-19 Pandemic: Lower Demand for Paints and Adhesives to Hamper Growth

The outbreak of the COVID-19 pandemic has slowed down manufacturing activities worldwide. For instance, Methanex Corporation, a leading firm in the market, stopped activities in its plants with production capacities of 800 KT and 850 KT per annum in Chile and Trinidad, respectively. Besides, the lower demand for chemicals, paints, and adhesives derived from this compound is set to hamper growth amid the pandemic.

To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit:


Regional Insights-

Geographically, in 2020, Asia Pacific held USD 17.60 billion in terms of revenue. It is set to be the major contributor to the growth of the industry because of the rapid expansion of the construction and automotive industries. In North America, on the other hand, the higher demand for this chemical compound from green fuel manufacturers would propel growth. Europe is likely to grow considerably on account of the expansion of the automotive industry.

Competitive Landscape-

The global market contains many companies, out of which, most of them are participating in acquisitions, mergers, and joint venture strategies. A few others are focusing more on expanding their production capacities to meet the high consumer demand. Below is one of the significant industry developments:

June 2018: Southern Chemical Corporation (SCC), Proman AG, and Helm AG formed a joint venture named Helm Proman Methanol AG to accelerate their methanol-based marketing activities. The newly formed company is headquartered in Switzerland. SCC will hold 5% share, while Proman AG will hold 38% and Helm AG will have 57% shares.
A list of renowned methyl alcohol manufacturers operating in the global market:

Methanex Corporation (Canada)
HELM AG (Germany)
Southern Chemical Corporation (U.S.)
SABIC (Saudi Arabia)
Mitsubishi Gas Chemical Company, Inc. (Japan)
Zagros Petroleum(Iran)
PETRONAS (Malaysia)
Mitsui & Co., Ltd. (Japan)
Celanese Corporation (U.S.)
BASF SE (Germany)
Simalin Chemical Industries Pvt. Ltd. (India)
Other Players
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