The France Methanol market demand stood at roughly 950 thousand tonnes in 2023 and is expected to grow at a CAGR of 2.89% during the forecast period until 2034.
Methanol serves as a vital component in the production of formaldehyde, acetic acid, and other essential chemicals in the chemical and petrochemical industries. In the automotive sector, Methanol is used to produce MTBE which is used as a fuel additive, enhancing engine performance and reducing emissions. Within the chemical sector, methanol acts as a crucial precursor for formaldehyde production, which finds extensive applications in various industries for manufacturing plastics, resins, adhesives, and coatings. Formaldehyde further contributes to the synthesis of polymers like phenol-formaldehyde, urea-formaldehyde, and melamine-formaldehyde resins, essential for engineered wood products, laminates, and molded plastics. Additionally, formaldehyde-based resins play a pivotal role in adhesive formulations for bonding wood, laminates, and composite materials in construction and furniture manufacturing. Methanol is also utilized in varnish production. In the renewable energy sector, methanol is gaining traction as a potential energy carrier and storage medium, notably in fuel cells and renewable fuels. Its versatility and environmentally friendly characteristics position methanol as a valuable solvent across numerous industries, fostering innovation and sustainability endeavors. In 2020, Elyse Energy and its industrial collaborators launched the eM-France program, aiming to establish four plants capable of producing 500 thousand tonnes of clean methanol annually.
Demand for Methanol in France is likely to grow notably in the forecast period driven by the rising interest of the government for adopting Methanol as a new generation fuel alternative owing to its eco-friendly attribute and affordable cost. Apart from being embraced as an eco-friendly fuel option by the French government, methanol serves as a crucial solvent in pharmaceuticals, paints, coatings, and adhesives sectors. Additionally, its significance lies in the production of formaldehyde, a pivotal ingredient in manufacturing plywood, plastics, and textiles. Methanol further acts as a fundamental feedstock for synthesizing various chemicals like acetic acid, olefins, and organic aromatic compounds. Moreover, it finds utility in producing methyl tert-butyl ether (MTBE), utilized as a gasoline additive to enhance octane levels and curb emissions. In essence, the France Methanol market is likely to reach roughly 1300 thousand tonnes in 2034.
Based on the end-user industry, the France Methanol market is segmented into Formaldehyde, MTBE, Gasoline Blending, Others. As of 2023, the Formaldehyde Industry dominates Methanol consumption, holding a significant market share of 38%. Methanol, with its high-octane rating, enhances gasoline quality, reducing engine knocking. It burns cleaner than gasoline, curbing emissions of carbon monoxide and nitrogen oxides, improving air quality. As a renewable and cost-effective option, blending methanol with gasoline reduces carbon footprint and fuel costs.
Major players in the Europe Methanol market are Borealis Grandpuits, BASF, BP Refining & Petrochemicals, MSK, UCC Shchekino Azot, PJSC Metafrax, Mider-Helm Methanol, Nevinnomyssk Azot, Shell & DEA Oil, Togliatti Azot, Tomskneftekhim, Repsol YPF, BioMCN (The Netherlands), Equinor, SOCAR, 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 France Methanol which covers production, demand and supply of Methanol market in France.
• To analyse and forecast the market size of France Methanol
• To classify and forecast France Methanol market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Methanol market in France.
To extract data for France 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 France Methanol market over the coming years.
ChemAnalyst calculated Methanol demand across the France 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, France 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
950 thousand tonnes
Market size Volume by 2034
1300 thousand tonnes
Growth Rate
CAGR of 2.89% 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, MTBE, Gasoline Blending, Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
Northern France, Southern France, Western France, Eastern France, and Rest of France
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What was the size of France Methanol market in terms of volume in 2023?
Ans:
The size of France Methanol market has grown significantly in the historic period and reached approximately 950 thousand tonnes in 2023.
Q2.
Which industry is leading as the leading consumer of Methanol?
Ans:
Formaldehyde Fertilizers industry is the leading consumer of Methanol.
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