Methanol, also known as wood alcohol, is a volatile, combustible, colourless and noxious liquid with the chemical formula CH3OH. It is a polar liquid at room temperature and exhibits excellent blending properties. Methanol also has a high octane and oxygen content due to which it produces a cleaner burning gasoline which helps to lower the emissions caused by vehicle exhaust.

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Methanol finds broad range of applications in various industries. It is extensively used as a denaturing and anti-freezing agent. It is also used as an industrial solvent for resins and inks, adhesives to wood items, and dyes. Methanol holds a key position in the chemical industry where it is extensively used in the production of formaldehyde, acetic acid, di-methyl terephthalate (DMT) and some other solvents. Additionally, in the energy industry, it can be used either solely as a vehicle fuel or can be blended with gasoline to produce a fuel which is more efficient as compared to the conventional gasoline.

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Expert Market Research has analysed the global methanol market according to applications, major regions and top players:

Market breakup by Applications:

* Formaldehyde
* Dimethyl Ether
* Gasoline
* Chloromethane
* MTBE/TAME
* Acetic Acid
* DMT/Others
* MTO/MTP
* Solvents
* Methylamines
* Methyl Methacrylate

Market Breakup by Major Regions:

* China
* Asia (excluding China)
* Europe
* North America
* Latin America

Top players

* Methanax
* SCC
* SABIC
* MGC
* Mitsubishi
* PETRONAS
* IPCC
* Mitsul

Key findings from the report:

* Methanol serves a number of application domains which include formaldehyde, dimethyl ether, gasoline, chloromethane, MTBE/TAME, acetic acid, DMT/others, MTO/MTP, solvents, methylamines and methyl methacrylate. In 2018, formaldehyde production represented the most popular application segment, accounting for nearly 30% of the total share.
* Region-wise, China dominated the market with a share of around half of the total global demand. China was followed by Asia (excluding China), Europe, North America and Latin America.
* On a competitive front, the global methanol market is fragmented and consists of a number of small and big players operating in the market. In 2018, Methanax represented the world’s largest methanol producer followed by SCC, SABIC, MGC, Mitsubishi, PETRONAS, IPCC and Mitsul.

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