Europe Methanol Market Share, Size, Key Players, Trends, Competitive and Regional Forecast to 2028
According to our latest study on “Europe Methanol Market Forecast to 2028 – COVID-19 Impact and Analysis – by Derivatives Type and End Use Industry,” the market is projected to reach US$ 4,365.38 million by 2028 from US$ 3,010.98 million in 2021; it is expected to grow at a CAGR of 5.4% from 2021 to 2028. The report highlights trends prevailing in the market, and the drivers and restraints pertaining to the market growth. The growth of this market is estimated to grow owing to key driving factors such as increasing use of methanol as a feedstock in various applications and rapidly increasing construction activities. However, detrimental effect of methanol on human health is hamper the market growth.
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The List of Companies
- Methanex Corporation
- OCI N.V.
- BASF SE
- SABIC
- HELM AG
- Celanese Corporation
- Zagros Petrochemical co.
- LyondellBasell Industries Holdings B.V.
Several governments across Europe are increasingly exploring the use of methanol as a blended fuel in the transportation sector. This growing interest stems from methanol’s clean energy benefits, as blending it with gasoline helps reduce emissions of harmful gases like sulfur oxides (SOx) and nitrogen oxides (NOx). The widespread adoption of methanol-powered vehicles could significantly lower carbon dioxide emissions in the transportation industry. As a result, the rising preference for methanol as a blended fuel is expected to drive the expansion of the European methanol market in the coming years.
Advancements in technology and new product features are also enabling vendors to attract customers and expand their presence in emerging markets, further contributing to the market’s growth.
The European methanol market is segmented based on derivatives and end-use industries. By derivative, the market includes formaldehyde, acetic acid, methanol-to-olefins (MTO)/methanol-to-propylene (MTP), methyl tertiary-butyl ether (MTBE), methyl methacrylate (MMA), biodiesel (gasoline blending), dimethyl ether (DME), and others. In terms of end-use industries, the market is categorized into automotive, construction, electronics, packaging, pharmaceuticals, paints and coatings, and others. Geographically, the Europe
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Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
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