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1575819

全球甲醇市場 - 2024-2031

Global Methanol Market - 2024-2031

出版日期: 2024年10月22日 | 出版商:

DataM Intelligence | 英文 208 Pages | 商品交期: 最快1-2個工作天內

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簡介目錄

概述

2023年全球甲醇市場規模達306.2億美元，預計2031年將達到436.3億美元，2024-2031年預測期間複合年成長率為4.6%。

全球甲醇市場受到其在燃料、化學品和塑膠等各行業的廣泛應用的推動。天然氣對於甲醇生產至關重要，因為它提供合成所需的碳和氫。由於其豐富且具有成本效益的碳氫化合物來源，它是大規模生產甲醇的一個有吸引力的選擇。

對清潔燃料替代品的需求增加導致擴大使用甲醇作為燃料和燃料添加劑，特別是在汽車和能源領域，因為它比傳統化石燃料燃燒更清潔。根據國際再生能源機構 (IRENA) 的數據，每年產量約 9,800 萬噸 (Mt)，幾乎全部由化石燃料（天然氣或煤炭）製成，到 2050 年產量可能會增加到每年 500 噸

在主要經濟體強勁需求的推動下，亞太地區甲醇市場將顯著成長。根據世界貿易組織的數據，中國是全球最大的甲醇進口國，2022年佔全球進口量的29.9%，價值41.6億美元。印度佔2022年全球甲醇進口量的7.07%，價值9.85億美元。同樣，韓國2022年進口了價值8.04億美元的甲醇，佔全球進口量的5.77%。這一成長得益於工業活動的增加、對化學品的強勁需求以及擴大採用甲醇作為清潔燃料替代品。

動力學

替代燃料應用前景廣闊

人們對甲醇作為低排放燃料的認知不斷加深，可能是推動全球甲醇市場發展的關鍵因素之一。特別是對於汽車業來說，甲醇與汽油混合的操作不僅提高了引擎的使用條件，而且還促進了不安全工業污染物的最小化，這符合該行業向清潔和永續燃料的轉變。

國家研究計畫的研究強調，甲烷動力汽車排放的溫室氣體比汽油汽車少約 20%，其餘 80% 之前已在大氣中減少。此外，研究表明，與化石燃料相比，燃燒生物甲醇可減少高達80%的氮氧化物排放量，減少高達95%的二氧化碳排放量，並消除硫氧化物排放量。環境效益正在加速甲醇作為替代燃料的採用，使其成為甲醇市場的關鍵成長動力。

成本效率和生產彈性

天然氣是甲醇生產的重要原料，利用煤炭和天然氣等多種原料生產甲醇的能力進一步鞏固了其市場地位。在歐洲天然氣價格約為 7.08 美元/吉焦時，先進的天然氣甲醇生產有可能達到低至 293 美元/噸的平均成本。在中東等地區，天然氣價格較便宜，約 2.18 美元/吉焦，生產費用可降至 148 美元/噸，為這些地區的生產商帶來可觀的成本效益。

另一方面，煤製甲醇成本較高，影響其市場競爭力。英國皇家化學學會表示，用煤炭生產電子甲醇的成本為每噸 869 美元至 1,846 美元。成本差異使得天然氣成為大規模生產甲醇更具吸引力的選擇，特別是在天然氣供應充足且具成本效益的地區。

對製造活動的健康關注日益增加

由於與甲醇接觸相關的健康風險，甲醇市場面臨重大挑戰，這可能阻礙其廣泛採用和使用。 BMC 眼科表示，急性接觸甲醇會帶來嚴重的健康風險，包括視力模糊或失明等視覺障礙。僅攝取 4-10 mL 甲醇即可對視神經造成永久性損傷，導致視神經萎縮而完全失明。

同樣，英國公共衛生部門報告稱，甲醇的估計致死劑量在 300-1,000 毫克/公斤之間，可能會造成長期神經損傷和其他嚴重的健康併發症。此外，長期接觸甲醇，尤其是在工業環境中，同樣令人擔憂。長期接觸甲醇蒸氣的工人可能會出現持續性頭痛、眼睛刺激和視力障礙。

職業接觸仍然是一個重要問題，導致英國等國家製定了嚴格的工作場所接觸限制，根據英國 REACH 法規，長期接觸的限制為 266 mg/m3，短期接觸的限制為 333 mg/m3。這些風險是甲醇市場的主要限制因素，強調了謹慎處理和強力的安全措施以防止嚴重健康後果的重要性。

The global methanol market is driven by its wide application across various industries, including fuel, chemicals and plastics. Natural gas is crucial for the production of methanol as it supplies the required carbon and hydrogen for its synthesis. It is an attractive option for producing methanol on a large scale due to its plentiful and cost-effective source of hydrocarbons.

The rise in demand for cleaner fuel alternatives has led to an increasing use of methanol as a fuel and fuel additive, especially in the automotive and energy sectors, as it burns cleaner than conventional fossil fuels. According to the International Renewable Energy Agency (IRENA), Around 98 million tons (Mt) are produced per annum, nearly all of which is made from fossil fuels (either natural gas or coal) and production could rise to 500 Mt per annum by 2050

Asia-Pacific is positioned for significant growth in the methanol market, driven by strong demand from its major economies. As per the World Trade Organization, China, which is the largest importer of methanol globally, accounted for 29.9% of global imports in 2022, with a value of US$ 4.16 billion. India, contributing 7.07% of global methanol imports in 2022, valued at US$ 985 million. Similarly, South Korea imported US$ 804 million worth of methanol in 2022, representing 5.77% of global imports. The growth is supported by rising industrial activities, strong demand for chemicals and increasing adoption of methanol as a cleaner fuel alternative.

Dynamics

Promising Alternative Fuel Applications

The expanding recognition of methanol as a low-emission fuel is likely to be one of the key factors boosting the methanol market in the world. Especially for the automobile industry, the operands of methanol blending with petrol not only increase the terms of use of the engine but also promote minimization of unsafe industry pollutants, which is in line with the industry's shifting to cleaner and sustainable fuels.

Research from National Research Programs highlights that methane-powered cars emit approximately 20% fewer greenhouse gases than petrol-fueled cars, with the remaining 80% being previously reduced in the atmosphere. Additionally, studies indicate that compared to fossil fuels, the combustion of bio-methanol can reduce nitrogen oxide emissions by up to 80%, carbon dioxide emissions by up to 95% and eliminate sulfur oxide emissions. The environmental benefits are accelerating the adoption of methanol as an alternative fuel, positioning it as a key growth driver in the methanol market.

Cost Efficiency and Production Flexibility

Natural gas serves as a significant feedstock in methanol production and the ability to produce methanol from various feedstocks such as coal and natural gas further solidifies its market position. At European natural gas prices around US$ 7.08/GJ, advanced methanol production from natural gas has the potential to reach levelized costs as low as US$ 293/ton. In areas such as the Middle East, where natural gas prices are cheaper at approximately US$ 2.18/GJ, production expenses can decrease to as little as US$ 148/ton, giving producers in these regions a considerable cost benefit.

On the other hand, coal-derived methanol tends to have higher costs, affecting its ability to compete in the market. The Royal Society of Chemistry states that the cost of producing e-methanol from coal ranges from US$ 869 to US$ 1,846 per ton. The difference in cost makes natural gas a more appealing choice for producing methanol on a large scale, especially in areas with ample and cost-effective natural gas supplies.

Increasing Health Concerns for Manufacturing Activities

The methanol market faces significant challenges due to the health risks associated with methanol exposure, which can hinder its widespread adoption and use. According to BMC Ophthalmology, acute exposure to methanol poses severe health risks, including visual disturbances such as blurred vision or blindness. Ingestion of just 4-10 mL of methanol can cause permanent damage to the optic nerve, leading to complete blindness due to optic atrophy.

Similarly, Public Health England reported that the estimated lethal dose of methanol is between 300-1,000 mg/kg, with the potential for long-term neurological damage and other serious health complications. Furthermore, chronic exposure to methanol, especially in industrial settings, is equally concerning. Workers exposed to methanol vapors over extended periods may experience persistent headaches, eye irritation and visual disturbances.

Occupational exposure remains a significant issue, leading to strict workplace exposure limits in countries like UK, where the limits are set at 266 mg/m3 for long-term exposure and 333 mg/m3 for short-term exposure, according to UK REACH Regulations. The risks serve as a major restraint in the methanol market, emphasizing the importance of careful handling and robust safety measures to prevent severe health consequences.

Segment Analysis

The global methanol market is segmented based on feedstock, derivatives, end-user and region.

Growing Demand for Methanol-based fuel in Automotive Industry

The demand for methanol in the automotive industry is surging due to its potential as a clean-burning fuel and its compatibility with existing fuel infrastructure. Renewable methanol provides substantial environmental advantages, decreasing carbon emissions by 65% to 95%, which varies based on the feedstock and conversion method. This decrease is one of the greatest out of all the alternative fuels being created to substitute gasoline, diesel, coal and methane.

Furthermore, burning pure methanol produces no sulfur oxides (SOx), minimal nitrogen oxides (NOx) and no particulate emissions, making it a more environmentally friendly option than traditional fossil fuels. The increase in methanol-powered vehicles is especially noticeable in China, where large-scale production of methanol vehicles has already started.

In the year 2022, factories were set up to produce between 300,000 and 500,000 M100 engine units annually, demonstrating the industry's dedication to methanol as a viable fuel option. The increasing use of methanol fuel is making it an important player in the shift towards cleaner automotive energy sources.

Geographical Penetration

Cost Advantages and Production Capacity of Methanol in Asia-Pacific

Asia-Pacific dominates the global methanol market with the biggest market share, driven by cost advantages, strong industrial demand and substantial investments in methanol production facilities. China, the world's top producer and consumer of methanol, enjoys some of the lowest production expenses on a global scale. Major initiatives throughout Asia-Pacific are also driving growth in the methanol industry.

Australia's ABEL Energy is set to speed up the building of a manufacturing facility in Townsville's Cleveland Bay Industrial Park to generate 400,000 tonnes of green methanol each year, mostly for marine fuel. In South Korea, Plagen, a company dedicated to producing green hydrogen and green methanol from biogenic waste, has partnered with Taebaek City and eight other companies to build the nation's inaugural large-scale green methanol plant. The efforts demonstrate the region's dedication to increasing its capacity for producing green methanol.

SARAWAK Petchem Sdn Bhd's RM7 billion methanol complex in Bintulu, Sarawak, is anticipated to establish Malaysia as a top methanol producer in the region. The region is emphasizing the expansion of methanol production capacity in large-scale projects to meet growing industrial demand and take advantage of cost savings, solidifying its dominant market position.

Competitive Landscape

The major global players in the market include BASF SE, Celanese Corporation, HELM AG, LyondellBasell Industries Holdings B.V., Methanex Corporation, Mitsubishi Gas Chemical Company, Inc., Mitsui & Co., Ltd., PETRONAS Chemicals Group, SABIC and Zagros Petrochemical.

Sustainability Analysis

Methanol, a crucial chemical in many industries, is facing growing concerns about its environmental effects and ability to be maintained over time. In the past, methanol has been produced using natural gas in a process known as steam methane reforming, which is both energy-intensive and leads to significant CO2 emissions, averaging around 0.5 to 1.5 tons of CO2 per ton of methanol created. This notable carbon footprint has encouraged the investigation of implementing more environmentally friendly manufacturing techniques.

Technological advancements, like carbon capture and utilization (CCU), play a crucial role in this shift. An important instance is the first commercial green methanol plant on a large scale in the world, created by European Energy, a developer from Denmark. Using three 17.5 MW electrolysers, this plant transforms solar power into e-methanol by converting hydrogen from water. The hydrogen is then mixed with biogenic CO2 to generate as much as 42,000 tonnes of e-methanol every year. Major companies such as Maersk, LEGO and Novo Nordisk are already using this green methanol, showing a big step towards a more sustainable methanol market.

Russia-Ukraine War Impact

The methanol market has been significantly impacted by the Russia-Ukraine conflict, mainly because of interruptions in natural gas supplies, which are essential for methanol manufacturing. Before the war, Russia was a significant participant in the worldwide methanol market, shipping 1.4 million tons to the European Union in 2021.

It represented around 15% of the methanol demand in Europe. The conflict caused a notable drop in methanol exports from Russia as European countries aimed to decrease their dependence on Russian fossil fuels. By the conclusion of 2023, the EU had decreased Russian fossil fuel imports from a peak of US$ 16 billion monthly in early 2022 to around US$ 1 billion monthly, with the largest cut coming from oil imports.

Consequently, there have been fluctuations in global methanol prices, with notable price increases attributed to supply restrictions. Moreover, the change in where methanol is sourced from has caused more competition among methanol producers outside of Russia and has sped up investments in different methanol production technologies and suppliers. This shift emphasizes the wider influence of geopolitical disputes on worldwide commodity markets.

By Feedstock

Coal
Natural Gas
Others

By Derivatives

Traditional Chemical
- Formaldehyde
- Acetic Acid
- Solvent
- Methylamine
- Other Traditional Chemicals
Energy Related
- Methanol-to-olefin (MTO)
- Methyl Tert-butyl Ether (MTBE)
- Gasoline Blending
- Dimethyl Ether (DME)
- Biodiesel

By End-User

Automotive
Construction
Paints and coatings
Electronics
Others

Region

North America
- US
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
South America
- Brazil
- Argentina
- Rest of South America
Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
Middle East and Africa

Key Developments

In February 2024, BASF revealed a significant advancement in the worldwide methanol industry by announcing its intention to construct a cutting-edge methanol production plant on US Gulf Coast. The new plant plans to use the region's plentiful natural gas resources to produce methanol in a more efficient and sustainable manner, with a projected capacity of 2 million tonnes per year.
In January 2024, Enerkem's recent decision to retire its EAB facility marks a significant development in the global methanol market. The EAB plant successfully scaled up Enerkem's waste-to-biofuels technology, operating for over 15,000 hours and producing ISCC EU and ISCC PLUS certified ethanol and methanol.
In Feb 2022, Linde has expanded its agreement with Celanese Corporation to supply carbon dioxide and hydrogen to Celanese's Clear Lake, Texas manufacturing facility. The company provides carbon dioxide captured from its nearby carbon monoxide production facility. This carbon dioxide, along with hydrogen supplied by Linde, will be used by Celanese in its Fairway Methanol LLC joint venture to produce methanol with significantly reduced carbon intensity.

Why Purchase the Report?

To visualize the global methanol market segmentation based on feedstock, derivatives, end-user and region.
Identify commercial opportunities by analyzing trends and co-development.
Excel spreadsheet containing a comprehensive dataset of the methanol market, covering all levels of segmentation.
PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
Product mapping available as excel consisting of key products of all the major players.

The global methanol market report would provide approximately 62 tables, 54 figures and 208 pages.

Target Audience 2024

Manufacturers/ Buyers
Industry Investors/Investment Bankers
Research Professionals
Emerging Companies

1. Methodology and Scope

1.1. Research Methodology
1.2. Research Objective and Scope of the Report

2. Definition and Overview

3. Executive Summary

3.1. Snippet by Feedstock
3.2. Snippet by Derivatives
3.3. Snippet by End-User
3.4. Snippet by Region

4. Dynamics

4.1. Impacting Factors
- 4.1.1. Drivers
  - 4.1.1.1. Promising Alternative Fuel
  - 4.1.1.2. Cost Efficiency and Production Flexibility
- 4.1.2. Restraints
  - 4.1.2.1. Increasing Health Concerns for Manufacturing Activities
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis

5. Industry Analysis

5.1. Porter's Five Force Analysis
5.2. Supply Chain Analysis
5.3. Pricing Analysis
5.4. Regulatory Analysis
5.5. Russia-Ukraine War Impact Analysis
5.6. DMI Opinion

6. COVID-19 Analysis

6.1. Analysis of COVID-19
- 6.1.1. Scenario Before COVID
- 6.1.2. Scenario During COVID
- 6.1.3. Scenario Post COVID
6.2. Pricing Dynamics Amid COVID-19
6.3. Demand-Supply Spectrum
6.4. Government Initiatives Related to the Market During Pandemic
6.5. Manufacturers Strategic Initiatives
6.6. Conclusion

7. By Feedstock

7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Feedstock
- 7.1.2. Market Attractiveness Index, By Feedstock
7.2. Coal*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
7.3. Natural Gas
7.4. Others

8. By Derivatives

8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Derivatives
- 8.1.2. Market Attractiveness Index, By Derivatives
8.2. Traditional Chemical
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
  - 8.2.2.1. Formaldehyde
  - 8.2.2.2. Acetic Acid
  - 8.2.2.3. Solvent
  - 8.2.2.4. Methylamine
  - 8.2.2.5. Other Traditional Chemicals
8.3. Energy Related
- 8.3.1. Introduction
- 8.3.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
  - 8.3.2.1. Methanol-to-olefin (MTO)
  - 8.3.2.2. Methyl Tert-butyl Ether (MTBE)
  - 8.3.2.3. Gasoline Blending
  - 8.3.2.4. Dimethyl Ether (DME)
  - 8.3.2.5. Biodiesel

9. By End-User

9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 9.1.2. Market Attractiveness Index, By End-User
9.2. Automotive*
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
9.3. Construction
9.4. Paints and coatings
9.5. Electronics
9.6. Others

10. Sustainability Analysis

10.1. Environmental Analysis
10.2. Economic Analysis
10.3. Governance Analysis

11. By Region

11.1. Introduction
- 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 11.1.2. Market Attractiveness Index, By Region
11.2. North America
- 11.2.1. Introduction
- 11.2.2. Key Region-Specific Dynamics
- 11.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Feedstock
- 11.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Derivatives
- 11.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 11.2.6.1. US
  - 11.2.6.2. Canada
  - 11.2.6.3. Mexico
11.3. Europe
- 11.3.1. Introduction
- 11.3.2. Key Region-Specific Dynamics
- 11.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Feedstock
- 11.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Derivatives
- 11.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 11.3.6.1. Germany
  - 11.3.6.2. UK
  - 11.3.6.3. France
  - 11.3.6.4. Italy
  - 11.3.6.5. Spain
  - 11.3.6.6. Rest of Europe
- 11.3.7. South America
- 11.3.8. Introduction
- 11.3.9. Key Region-Specific Dynamics
- 11.3.10. Market Size Analysis and Y-o-Y Growth Analysis (%), By Feedstock
- 11.3.11. Market Size Analysis and Y-o-Y Growth Analysis (%), By Derivatives
- 11.3.12. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.3.13. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 11.3.13.1. Brazil
  - 11.3.13.2. Argentina
  - 11.3.13.3. Rest of South America
11.4. Asia-Pacific
- 11.4.1. Introduction
- 11.4.2. Key Region-Specific Dynamics
- 11.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Feedstock
- 11.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Derivatives
- 11.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 11.4.6.1. China
  - 11.4.6.2. India
  - 11.4.6.3. Japan
  - 11.4.6.4. Australia
  - 11.4.6.5. Rest of Asia-Pacific
11.5. Middle East and Africa
- 11.5.1. Introduction
- 11.5.2. Key Region-Specific Dynamics
- 11.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Feedstock
- 11.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Derivatives
- 11.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User

12. Competitive Landscape

12.1. Competitive Scenario
12.2. Market Positioning/Share Analysis
12.3. Mergers and Acquisitions Analysis

13. Company Profiles

13.1. BASF SE *
- 13.1.1. Company Overview
- 13.1.2. Type Portfolio and Description
- 13.1.3. Financial Overview
- 13.1.4. Key Developments
13.2. Celanese Corporation
13.3. HELM AG
13.4. LyondellBasell Industries Holdings B.V.
13.5. Methanex Corporation
13.6. MITSUBISHI GAS CHEMICAL COMPANY, INC.
13.7. MITSUI & CO., LTD.
13.8. PETRONAS Chemicals Group
13.9. SABIC
13.10. Zagros Petrochemical

LIST NOT EXHAUSTIVE