Methanol Industry Installed Capacity and Capital Expenditure Forecasts including Active and Planned Plants to 2027

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Published: March 24, 2023 Report Code: GDCH01247ICR-ST

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Methanol Industry Capacity and Capital Expenditure Forecast Report Overview 

The global methanol capacity was 171.84 mtpa in 2022 and is expected to grow at an AAGR of more than 11% during 2022-2027. China, Iran, US, Trinidad and Tobago and Saudi Arabia are the key countries in the world accounting for over 81% of the total methanol capacity.

The methanol market research report provides methanol industry details such as the plant’s name, status, and plant operator name for all active, planned, announced, suspended, and decommissioned plants globally by region and country for the period 2017-2027. The report also provides global and regional capital expenditure outlook by key countries, year on year, till 2027. It offers a comparison of key countries based on contribution to global as well as regional plant capacities. Furthermore, it offers planned and announced methanol plants along with the development stages for the period 2022-2027.

Methanol Market Outlook, 2022-2027 (mtpa)

Methanol Market Outlook, 2022-2027 (mtpa)

For more insights into the methanol market forecast, download a free report sample

Methanol Market - Major Planned and Announced Projects

Some of the major planned and announced projects in the methanol industry are Sherwood Energy Maysky Methanol Plant, Lake Charles Methanol Lake Charles Methanol Plant, Reliance Industries Jamnagar Methanol Plant, Brass Fertilizer & Petrochemical Company Brass Methanol Plant, Ningxia Baofeng Energy Group Yinchuan Methanol Plant 3, Sinopec Great Wall Energy Chemical Ordos Methanol Plant, Air products Bengalon Methanol Plant, Shenhua Baotou Coal Chemical Company Baotou Methanol Plant 2, Ricoal Rostov-on-Don Methanol Plant, and Mahan Chemical Zagros Petrochemical Eslamabad-e-Gharb Methanol Plant.

To know more about major planned and announced methanol projects, download a free report sample

Methanol Market Segmentation by Regions

The key regions in the methanol market are Asia, the Middle East, North America, the Former Soviet Union, Caribbean, South America, Europe, Africa, and Oceania. The Asian region dominated the methanol market in terms of capacity contribution in 2022.

Asia: China, Malaysia, Brunei, India, and Indonesia are the key countries in Asia accounting for most of the methanol capacity in the region.

Middle East: In 2022, Iran, Saudi Arabia, Oman, Qatar, and Bahrain were the key countries in the Middle East, accounting for the total methanol capacity of the region.

North America: The US, Mexico, and Canada are the three countries in North America accounting for the entire capacity growth in the region.

The Former Soviet Union: Russia, Turkmenistan, Azerbaijan, Uzbekistan, and Ukraine are the key countries in the FSU accounting for most of the methanol capacity in the region.

Caribbean: In 2022, Trinidad and Tobago were the only countries in the Caribbean accounting for the entire capacity growth in the region.

South America: Venezuela, Chile, and Argentina were the key countries in South America, accounting for the entire capacity growth in the region.

Europe: Germany, Netherlands, Norway, Romania, and Serbia are the key countries in Europe accounting for most of the methanol capacity in the region.

Africa: Egypt, Equatorial Guinea, Libya, South Africa, and Algeria are the key countries in Africa accounting for the entire methanol capacity of the region.

Oceania: New Zealand is the only country in Oceania accounting for the entire capacity growth in the region.

Methanol Market Analysis by Regions 2022 (%)

Methanol Market Analysis by Regions 2022 (%)

For more regional insights into the methanol market, download a free report sample

Methanol Market - Competitive Landscape

Some of the key companies in the methanol market are Methanex Corp, China Shenhua Energy Co Ltd, Proman AG, Saudi Basic Industries Corp, China Petrochemical Corp, Ningxia Baofeng Energy Group Co Ltd, The National Petrochemical Co, China Coal Energy Co Ltd, Yankuang Group, and Shaanxi Yanchang Petroleum (Group) Co Ltd. Methanex Corp accounted for the largest methanol industry capacity share in 2022.

Methanol Market Analysis by Companies, 2022 (%)

Methanol Market Analysis by Companies, 2022 (%)

To know more about the leading methanol market players, download a free report sample

Methanol Market Research Overview

Market Size (2022) 171.84 mtpa
AAGR >11%
Forecast Period 2022-2027
Historical Period 2017-2021
Major Planned and Announced Projects Sherwood Energy Maysky Methanol Plant, Lake Charles Methanol Lake Charles Methanol Plant, Reliance Industries Jamnagar Methanol Plant, Brass Fertilizer & Petrochemical Company Brass Methanol Plant, Ningxia Baofeng Energy Group Yinchuan Methanol Plant 3, Sinopec Great Wall Energy Chemical Ordos Methanol Plant, Air products Bengalon Methanol Plant, Shenhua Baotou Coal Chemical Company Baotou Methanol Plant 2, Ricoal Rostov-on-Don Methanol Plant, and Mahan Chemical Zagros Petrochemical Eslamabad-e-Gharb Methanol Plant
Key Regions Asia, Middle East, North America, Former Soviet Union, Caribbean, South America, Europe, Africa, and Oceania
Leading Companies Methanex Corp, China Shenhua Energy Co Ltd, Proman AG, Saudi Basic Industries Corp, China Petrochemical Corp, Ningxia Baofeng Energy Group Co Ltd, The National Petrochemical Co, China Coal Energy Co Ltd, Yankuang Group, and Shaanxi Yanchang Petroleum (Group) Co Ltd

Segments Covered in the Report

Methanol Market Regional Outlook (Volume, mtpa, 2017-2027) 

  • Asia
  • Middle East
  • North America
  • Former Soviet Union
  • Caribbean
  • South America
  • Europe
  • Africa
  • Oceania

Scope

This report provides:

  • Global methanol capacity outlook by region

  • Global methanol outlook by country

  • Methanol planned and announced projects details

  • Capacity share of the major methanol producers globally

  • Global methanol capital expenditure outlook by region

  • Global methanol capital expenditure outlook by country

Reasons to Buy

  • Obtain the most up-to-date information available on all active, planned, and announced methanol plants globally

  • Identify opportunities in the global methanol industry with the help of upcoming projects and capital expenditure outlook

  • Facilitate decision-making on the basis of strong historical and forecast of methanol capacity data

Tianjin Bohai Chemical Industry Co Ltd
China Petrochemical Corp
Reliance Industries Ltd
IGP Methanol LLC
Melbana Energy Ltd
Brass Fertilizer & Petrochemical Co Ltd
Nauticol Energy Ltd
Ningxia Baofeng Energy Group Co Ltd
The National Petrochemical Co
Air Products and Chemicals Inc
Methanex Corp
China Shenhua Energy Co Ltd
Methanol Holdings Trinidad Ltd
Saudi Basic Industries Corp
China Petrochemical Corp
Ningxia Baofeng Energy Group Co Ltd
The National Petrochemical Co
China Coal Energy Co Ltd
Yankuang Group
Shaanxi Yanchang Petroleum (Group) Co Ltd

Table of Contents

Table of Contents 3

1. Introduction 15

1.1. What is This Report About? 15

1.2. Market Definition 15

2. Global Methanol Capacity and Capital Expenditure Review 16

2.1. Global Methanol Industry, An Overview 16

2.2. Global Methanol Industry, Capacity by Key Countries, 2017–2027 17

2.3. Global Methanol Industry, Capacity Share vis-à-vis Growth by Key Countries, 2017–2022 18

2.4. Global Methanol Industry, Top 10 Planned and Announced Projects 19

2.5. Global Methanol Capacity Contribution by Region 20

2.6. Key Companies by Methanol Capacity Contribution (% Share), 2022 21

2.7. Key Countries by Active Global Capacity Contribution to Methanol Industry 23

2.8. Regional Capacity Additions from Planned and Announced Projects 25

2.9. Global Capacity Additions from Planned and Announced Projects by Top 10 Countries 26

2.10. Global Capacity Additions from Planned and Announced Projects by Top 10 Companies 28

2.11. Regional Capex Spending on Planned and Announced Projects 30

2.12. Global Capex Spending on Planned and Announced Projects by Countries 31

3. Global Planned and Announced Methanol Projects 32

4. Asia Methanol Industry 37

4.1. Asia Methanol Industry, An Overview 37

4.2. Asia Methanol Industry, Capacity by Key Countries, 2017–2027 38

4.3. Asia Methanol Industry, Capacity Share vis-à-vis Growth by Key Countries, 2017–2022 39

4.4. Asia Methanol Industry, Annual New Build and Expansion Capital Expenditure Outlook for Planned and Announced Projects 40

4.5. Asia Methanol Industry, Annual New Build and Expansion Capital Expenditure Outlook for Planned and Announced Plants by Countries 41

4.6. Methanol Industry in China 42

China Methanol Industry, Plants Capacity (mtpa), 2017–2027 42

4.7. Methanol Industry in Malaysia 62

Malaysia Methanol Industry, Plants Capacity (mtpa), 2017–2027 62

4.8. Methanol Industry in Brunei 63

Brunei Methanol Industry, Plants Capacity (mtpa), 2017–2027 63

4.9. Methanol Industry in India 64

India Methanol Industry, Plants Capacity (mtpa), 2017–2027 64

4.10. Methanol Industry in Indonesia 66

Indonesia Methanol Industry, Plants Capacity (mtpa), 2017–2027 66

5. Middle East Methanol Industry 68

5.1. Middle East Methanol Industry, An Overview 68

5.2. Middle East Methanol Industry, Capacity by key Countries, 2017–2027 69

5.3. Middle East Methanol Industry, Capacity Share vis-à-vis Growth by key Countries, 2017–2022 70

5.4. Middle East Methanol Industry, Installed Plant Capacity by Production Process, 2022 71

5.5. Middle East Methanol Industry, Installed Plant Capacity by Technology, 2022 74

5.6. Middle East Methanol Industry, Annual New Build and Expansion Capital Expenditure Outlook for Planned and Announced Projects 77

5.7. Middle East Methanol Industry, Annual New Build and Expansion Capital Expenditure Outlook for Planned and Announced Projects by Countries 78

5.8. Methanol Industry in Iran 79

Iran Methanol Industry, Plants Capacity (mtpa), 2017–2027 79

5.9. Methanol Industry in Saudi Arabia 83

Saudi Arabia Methanol Industry, Plants Capacity (mtpa), 2017–2027 83

5.10. Methanol Industry in Oman 85

Oman Methanol Industry, Plants Capacity (mtpa), 2017–2027 85

5.11. Methanol Industry in Qatar 86

Qatar Methanol Industry, Plants Capacity (mtpa), 2017–2027 86

5.12. Methanol Industry in Bahrain 87

Bahrain Methanol Industry, Plants Capacity (mtpa), 2017–2027 87

5.13. Methanol Industry in United Arab Emirates 88

United Arab Emirates Methanol Industry, Plants Capacity (mtpa), 2017–2027 88

6. North America Methanol Industry 89

6.1. North America Methanol Industry, An Overview 89

6.2. North America Methanol Industry, Capacity by Countries, 2017–2027 90

6.3. North America Methanol Industry, Capacity Share vis-à-vis Growth by Countries, 2017–2022 91

6.4. North America Methanol Industry, Installed Plant Capacity by Production Process, 2022 92

6.5. North America Methanol Industry, Installed Plant Capacity by Technology, 2022 94

6.6. North America Methanol Industry, Annual New Build and Expansion Capital Expenditure Outlook for Planned and Announced Projects 97

6.7. North America Methanol Industry, Annual New Build and Expansion Capital Expenditure Outlook for Planned and Announced Projects by Countries 98

6.8. Methanol Industry in the US 99

The US Methanol Industry, Plants Capacity (mtpa), 2017–2027 99

6.9. Methanol Industry in Canada 103

Canada Methanol Industry, Plants Capacity (mtpa), 2017–2027 103

6.10. Methanol Industry in Mexico 104

Mexico Methanol Industry, Plants Capacity (mtpa), 2017–2027 104

7. Former Soviet Union Methanol Industry 105

7.1. Former Soviet Union Methanol Industry, An Overview 105

7.2. Former Soviet Union Methanol Industry, Capacity by key Countries, 2017–2027 106

7.3. Former Soviet Union Methanol Industry, Capacity Share vis-à-vis Growth by key Countries, 2017–2022 107

7.4. Former Soviet Union Methanol Industry, Installed Plant Capacity by Production Process, 2022 108

7.5. Former Soviet Union Methanol Industry, Installed Plant Capacity by Technology, 2022 110

7.6. Former Soviet Union Methanol Industry, Annual New Build and Expansion Capital Expenditure Outlook for Planned and Announced Projects 113

7.7. Former Soviet Union Methanol Industry, Annual New Build and Expansion Capital Expenditure Outlook for Planned and Announced Projects by Countries 114

7.8. Methanol Industry in Russia 115

Russia Methanol Industry, Plants Capacity (mtpa), 2017–2027 115

7.9. Methanol Industry in Turkmenistan 119

Turkmenistan Methanol Industry, Plants Capacity (mtpa), 2017–2027 119

7.10. Methanol Industry in Azerbaijan 120

Azerbaijan Methanol Industry, Plants Capacity (mtpa), 2017–2027 120

7.11. Methanol Industry in Uzbekistan 121

Uzbekistan Methanol Industry, Plants Capacity (mtpa), 2017–2027 121

7.12. Methanol Industry in Ukraine 122

Ukraine Methanol Industry, Plants Capacity (mtpa), 2017–2027 122

7.13. Methanol Industry in Belarus 123

Belarus Methanol Industry, Plants Capacity (mtpa), 2017–2027 123

7.14. Methanol Industry in Estonia 124

Estonia Methanol Industry, Plants Capacity (mtpa), 2017–2027 124

7.15. Methanol Industry in Kazakhstan 125

Kazakhstan Methanol Industry, Plants Capacity (mtpa), 2017–2027 125

8. Caribbean Methanol Industry 126

8.1. Caribbean Methanol Industry, An Overview 126

8.2. Caribbean Methanol Industry, Capacity by Country, 2017–2027 127

8.3. Caribbean Methanol Industry, Capacity Share vis-à-vis Growth by Country, 2017 – 2022 128

8.4. Caribbean Methanol Industry, Installed Plant Capacity by Production Process, 2022 129

8.5. Caribbean Methanol Industry, Installed Plant Capacity by Technology, 2022 131

8.6. Methanol Industry in Trinidad and Tobago 133

Trinidad and Tobago Methanol Industry, Plants Capacity (mtpa), 2017–2027 133

9. South America Methanol Industry 135

9.1. South America Methanol Industry, An Overview 135

9.2. South America Methanol Industry, Capacity by Key Countries, 2017–2027 136

9.3. South America Methanol Industry, Capacity Share vis-à-vis Growth by Key Countries, 2017–2022 137

9.4. South America Methanol Industry, Installed Plant Capacity by Production Process, 2022 138

9.5. South America Methanol Industry, Installed Plant Capacity by Technology, 2022 140

9.6. Methanol Industry in Venezuela 142

Venezuela Methanol Industry, Plants Capacity (mtpa), 2017–2027 142

9.7. Methanol Industry in Chile 143

Chile Methanol Industry, Plants Capacity (mtpa), 2017–2027 143

9.8. Methanol Industry in Argentina 144

Argentina Methanol Industry, Plants Capacity (mtpa), 2017–2027 144

9.9. Methanol Industry in Brazil 145

Brazil Methanol Industry, Plants Capacity (mtpa), 2017–2027 145

10. Europe Methanol Industry 146

10.1. Europe Methanol Industry, An Overview 146

10.2. Europe Methanol Industry, Capacity by Key Countries, 2017–2027 147

10.3. Europe Methanol Industry, Capacity Share vis-à-vis Growth by Key Countries, 2017–2022 148

10.4. Europe Methanol Industry, Installed Plant Capacity by Production Process, 2022 149

10.5. Europe Methanol Industry, Installed Plant Capacity by Technology, 2022 151

10.6. Europe Methanol Industry, Annual New Build and Expansion Capital Expenditure Outlook for Planned and Announced Projects 153

10.7. Europe Methanol Industry, Annual New Build and Expansion Capital Expenditure Outlook for Planned and Announced Plants by Countries 154

10.8. Methanol Industry in Germany 155

Germany Methanol Industry, Plants Capacity (mtpa), 2017–2027 155

10.9. Methanol Industry in the Netherlands 156

Netherlands Methanol Industry, Plants Capacity (mtpa), 2017–2027 156

10.10. Methanol Industry in Norway 157

Norway Methanol Industry, Plants Capacity (mtpa), 2017–2027 157

10.11. Methanol Industry in Romania 158

Romania Methanol Industry, Plants Capacity (mtpa), 2017–2027 158

10.12. Methanol Industry in Serbia 159

Serbia Methanol Industry, Plants Capacity (mtpa), 2017–2027 159

11. Africa Methanol Industry 160

11.1. Africa Methanol Industry, An Overview 160

11.2. Africa Methanol Industry, Capacity by Countries, 2017–2027 161

11.3. Africa Methanol Industry, Capacity Share vis-à-vis Growth by Countries, 2017–2022 162

11.4. Africa Methanol Industry, Installed Plant Capacity by Production Process, 2022 163

11.5. Africa Methanol Industry, Installed Plant Capacity by Technology, 2022 164

11.6. Africa Methanol Industry, Annual New Build Capital Expenditure Outlook for Planned and Announced Projects 166

11.7. Africa Methanol Industry, Annual New Build Capital Expenditure Outlook for Planned and Announced Projects by Countries 167

11.8. Methanol Industry in Egypt 168

Egypt Methanol Industry, Plants Capacity (mtpa), 2017–2027 168

11.9. Methanol Industry in Equatorial Guinea 169

Equatorial Guinea Methanol Industry, Plants Capacity (mtpa), 2017–2027 169

11.10. Methanol Industry in Libya 170

Libya Methanol Industry, Plants Capacity (mtpa), 2017–2027 170

11.11. Methanol Industry in South Africa 171

South Africa Methanol Industry, Plants Capacity (mtpa), 2017–2027 171

11.12. Methanol Industry in Algeria 172

Algeria Methanol Industry, Plants Capacity (mtpa), 2017–2027 172

11.13. Methanol Industry in Nigeria 173

Nigeria Methanol Industry, Plants Capacity (mtpa), 2017–2027 173

12. Oceania Methanol Industry 174

12.1. Oceania Methanol Industry, An Overview 174

12.2. Oceania Methanol Industry, Capacity by Country, 2017–2027 175

12.3. Oceania Methanol Industry, Capacity Share vis-à-vis Growth by Country, 2017–2022 176

12.4. Oceania Methanol Industry, Installed Plant Capacity by Production Process, 2022 177

12.5. Oceania Methanol Industry, Installed Plant Capacity by Technology, 2022 177

12.6. Oceania Methanol Industry, Annual New Build and Expansion Capital Expenditure Outlook for Planned and Announced Projects 178

12.7. Oceania Methanol Industry, Annual New Build and Expansion Capital Expenditure Outlook for Planned and Announced Projects by Countries 179

12.8. Methanol Industry in New Zealand 180

New Zealand Methanol Industry, Plants Capacity (mtpa), 2017–2027 180

12.9. Methanol Industry in Australia 181

Australia Methanol Industry, Plants Capacity (mtpa), 2017–2027 181

12.10. Methanol Industry in Papua New Guinea 182

Papua New Guinea Methanol Industry, Plants Capacity (mtpa), 2017–2027 182

13. Appendix 183

13.1. Definitions 183

Installed Capacity 183

Process 183

Technology 183

13.2. Abbreviations 183

13.3. Status Definition 183

13.4. Methodology 184

Coverage 184

Secondary Research 184

| Contact Us 185

Frequently asked questions

  • What was the global methanol capacity in 2022?

    The global methanol capacity was 171.84 mtpa in 2022.

  • What is the methanol market growth rate?

    The methanol market is expected to grow at an AAGR of more than 11% during 2022-2027.

  • What are the major planned and announced projects in the methanol market?

    The major planned and announced projects in the methanol market are Sherwood Energy Maysky Methanol Plant, Lake Charles Methanol Lake Charles Methanol Plant, Reliance Industries Jamnagar Methanol Plant, Brass Fertilizer & Petrochemical Company Brass Methanol Plant, Ningxia Baofeng Energy Group Yinchuan Methanol Plant 3, Sinopec Great Wall Energy Chemical Ordos Methanol Plant, Air products Bengalon Methanol Plant, Shenhua Baotou Coal Chemical Company Baotou Methanol Plant 2, Ricoal Rostov-on-Don Methanol Plant, and Mahan Chemical Zagros Petrochemical Eslamabad-e-Gharb Methanol Plant.

  • What are the key regions in the methanol market?

    The key regions in the methanol market are Asia, the Middle East, North America, the Former Soviet Union, Caribbean, South America, Europe, Africa, and Oceania.

  • Which are the key companies in the methanol market?

    Some of the key companies in the methanol market are Methanex Corp, China Shenhua Energy Co Ltd, Proman AG, Saudi Basic Industries Corp, China Petrochemical Corp, Ningxia Baofeng Energy Group Co Ltd, The National Petrochemical Co, China Coal Energy Co Ltd, Yankuang Group, and Shaanxi Yanchang Petroleum (Group) Co Ltd.

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