The Canada Methanol market demand stood at 520 thousand tonnes in 2023 and is expected to grow at a CAGR of 3.7% during the forecast period until 2034.
Methanol, known colloquially as wood spirit, is a solvent possessing polar properties, denoted by the chemical formula CH3OH. Initially named for its association with wood distillation, contemporary industrial processes involve catalytically reducing carbon monoxide for production. This transparent fluid has emerged as a viable substitute for gasoline due to its economical nature and reduced combustion risks. Methanol serves extensively as a solvent, pivotal in the synthesis of various chemicals such as plastics, formaldehyde, acetic acid, olefins, and organic aromatic compounds. Its adaptability spans numerous sectors including paints, coatings, pharmaceuticals, automotive, and electronics, highlighting its extensive utility in diverse industries. It finds application in various products including cosmetics, makeup, hair care items, adhesives, paints, paint removers, stain and varnish removers, cleaning agents, wipes, lens cleaners, floor cleaners, window cleaners, automotive products, and de-icing agents like windshield washer fluid.
The demand for methanol in Canada is driven by several key factors. Firstly, methanol serves as a crucial feedstock in the production of various chemicals, including formaldehyde, acetic acid, and olefins, which are essential in industries such as plastics manufacturing, pharmaceuticals, and agriculture. Secondly, methanol is increasingly being used as a cleaner and more environmentally friendly fuel alternative, particularly in transportation and energy generation sectors. Thirdly, Canada's commitment to reducing greenhouse gas emissions and transitioning to renewable energy sources has led to a growing interest in methanol as a renewable fuel option, as it can be produced from sources such as biomass or captured carbon dioxide. Overall, these factors contribute to the increasing demand for methanol in Canada. Canada Methanol market is likely to reach roughly 775 thousand tonnes in the year 2034.
Based on the end-user industry, the Canada Methanol market is segmented into Formaldehyde, Acetic Acid, MTBE, Gasoline Blending, Others. The largest market share of Methanol goes in the production of Formaldehyde. This industry consumed about 35% in the year 2023.
Significant player in the Canada Methanol market is Methanex Corporation. Other global players in the Global Methanol market are Mitsubishi Gas Chemical, Saudi Arabia Basic Industries Corporation (SABIC), Methanol Holdings (Trinidad) Limited (MHTL), Ningxia Baofeng Energy Group, Methanol Australia Limited, Mitsubishi Gas Chemical, NPC-Zagros, Kaveh Methanol Petrochemical, OCI, Natgasoline LLC, and others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2034
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Objective of the Study:
• To assess the demand-supply scenario of Canada Methanol which covers production, demand and supply of Methanol market in Canada.
• To analyse and forecast the market size of Canada Methanol
• To classify and forecast Canada Methanol market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Methanol market in Canada.
To extract data for Canada Methanol market, primary research surveys were conducted with Methanol manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Canada Methanol market over the coming years.
ChemAnalyst calculated Methanol demand across the Canada region by analysing the volume of Methanol consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Methanol manufacturers and other stakeholders
• Organizations, forums and alliances related to Methanol distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Methanol manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Canada Methanol market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2023
520 thousand tonnes
Market size Volume by 2034
775 thousand tonnes
Growth Rate
CAGR of 3.2% from 2024 to 2034
Base year
2023
Estimated Year
2024
Historical Data
2015 – 2022
Forecast period
2025 – 2034
Quantitative units
Demand in thousand tonnes and CAGR from 2024 to 2034
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Foreign Trade, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Formaldehyde, Acetic Acid, MTBE, Gasoline Blending, Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
British Columbia, Alberta, Saskatchewan and Manitoba, Quebec, Ontario, and Rest of Canada
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Market Data & Insights
Table of Content
1.Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of Methanol market in terms of value and volume.
2.Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Methanol.
3.Capacity By Location
To better understand the regional supply of Methanol by analyzing its manufacturers' location-based capacity.
4.Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
5.Production By Company [Quarterly Update]
Study the historical annual production of Methanol by the leading players and forecast how it will grow in the coming years.
6.Demand by End- Use [Quarterly Update]
Discover which end-user industry (Formaldehyde, Acetic Acid, MTBE, Gasoline Blending, Others) are creating a market and the forecast for the growth of the Methanol market.
7.Demand by Region
Analyzing the change in demand of Methanol in different regions, i.e., British Columbia, Alberta, Saskatchewan and Manitoba, Quebec, Ontario, and Rest of Canada, that can direct you in mapping the regional demand.
8.Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell Methanol. Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
9.Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Methanol.
10.Company Share
Figure out what proportion of the market share of Methanol is currently held by leading players across Canada.
11.Country-wise Export
Get details about quantity of Methanol exported by major countries.
12.Country-wise Import
Get details about quantity of Methanol imported by major countries.
13.Manufacturing Process
Discover insights into the intricate manufacturing process of Methanol.
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supply of the product in the market at a Global level.
What was the size of Canada Methanol market in terms of volume in 2023?
Ans:
The size of Canada Methanol market has grown significantly in the historic period and reached approximately 520 thousand tonnes in 2023.
Q2.
Which industry is leading as the leading consumer of Methanol?
Ans:
Formaldehyde industry is the leading consumer of Methanol.
Q3.
Do you offer single or multiuser license?
Ans:
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