Japan Methanol Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Foreign Trade, Regional Demand, Company Share, Manufacturing Process, 2015-2034

The Japan Methanol market demand stood at roughly 2150 thousand tonnes in 2023 and is expected to grow at a CAGR of 3.2% during the forecast period until 2034. 

 

Methanol plays a critical role in the chemical and petrochemical sectors, serving as a key ingredient for producing formaldehyde, acetic acid, and various other essential chemicals. In automotive applications, methanol is utilized to create MTBE, an additive that improves fuel performance and reduces emissions. In chemical processes, methanol serves as a crucial starting material for formaldehyde production, which has wide-ranging uses in manufacturing plastics, resins, adhesives, and coatings. Formaldehyde is further employed in synthesizing polymers such as phenol-formaldehyde, urea-formaldehyde, and melamine-formaldehyde resins, which are indispensable in engineered wood products, laminates, and molded plastics. Additionally, formaldehyde-based resins are vital components in adhesive formulations for bonding wood, laminates, and composite materials in construction and furniture making. Methanol is also used in varnish production. In the renewable energy sector, methanol is increasingly recognized as a promising energy carrier and storage medium, particularly in fuel cells and renewable fuels. Its versatility and eco-friendly attributes make methanol a valuable solvent across diverse industries, supporting efforts toward innovation and sustainability.

 

The Methanol market in Japan is driven by various market dynamics contributing to its growth. Japan's Methanol market experiences significant demand driven by its diverse industrial sector, spanning chemical manufacturing, petrochemicals, automotive, and construction. Methanol serves as a vital raw material in these industries, utilized for producing a wide array of chemicals and materials including formaldehyde, acetic acid, resins, adhesives, and coatings. Additionally, Methanol plays a crucial role as a key component in the production of methyl tert-butyl ether (MTBE), a fuel additive aimed at enhancing gasoline performance and reducing emissions. Given Japan's strong emphasis on environmental sustainability and air pollution reduction, the demand for Methanol as a fuel additive remains robust. Furthermore, ongoing technological advancements in Methanol production processes, characterized by more efficient synthesis methods and cleaner production techniques, enhance its attractiveness across various applications. In 2022, JFE Engineering Corporation, and Mitsubishi Gas Chemical Company, Inc., effectively transformed CO₂ obtained from waste incineration exhaust gases into methanol through a demonstration test of the CCU (Carbon dioxide Capture and Utilization) process, which involves synthesizing methanol from CO₂. In 2023, Sumitomo Chemical, launched a pilot facility at its manufacturing complex in Ehime prefecture to produce methanol from carbon dioxide (CO2). With a strategic vision, the company aims to complete the demonstration of this innovative technology by 2028. Subsequently, it plans to commence commercial production utilizing the new process and offer technology licensing opportunities to other firms in the 2030s. Sumitomo Chemical attributes its success in overcoming conventional CO2-to-methanol conversion challenges to its utilization of the internal condensation reactor (ICR), a groundbreaking technology developed by Japanese professor Koji Omata of Shimane University. Due to these reasons, the Japan Methanol market size is estimated to reach roughly 3050 thousand tonnes in 2034. 

 

Based on the end-user industry, the Japan Methanol market is segregated into Formaldehyde, MTO, MTBE, Gasoline Blending, Others.  The largest chunk of Methanol goes towards Formaldehyde. In 2023, this industry consumed about 32 percent of the net Japan Methanol market. Furthermore, Gasoline Blending is another booming end-use sector of Methanol. 

 

Significant player in the Japan Methanol market is Mitsubishi Chemical Corporation. Major players in the Asia Pacific Methanol market are Gujarat Narmada Valley Fertilizers and Chemicals Ltd, Shenhua Ningxia Coal Industry Company, Shaanxi Shenmu Chemical Industry Co. Ltd, Shangdong Hualu Hengsheng Group Co., Ltd, Assam Petro-Chemicals Ltd, Gujarat State Fertilizers & Chemicals Ltd, Deepak Fertilizer & Chemicals Ltd, Rashtriya Chemicals & Fertilizers, Ningxia Baofeng Energy Group, Methanol Australia Limited, PETRONAS Chemicals Group Berhad, Methanex Corporation, State Power Investment Corporation, and Others. 

 

Years considered for this report:

 

Historical Period: 2015- 2022

Base Year: 2023

Estimated Year: 2024

Forecast Period: 2025-2034

 

 

Objective of the Study: 

 

• To assess the demand-supply scenario of Methanol which covers production, demand and supply of Methanol   market in Japan.

• To analyse and forecast the market size of Methanol   

• To classify and forecast Japan Methanol market based on end-use and regional distribution.

• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Methanol market in Japan.

 

To extract data for Japan 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 Japan Methanol market over the coming years. 

 

ChemAnalyst calculated Methanol demand across the Japan 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, Japan 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	2150 thousand tonnes
Market size Volume by 2034	3050 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, Company Share, Foreign Trade, Manufacturing Process.
Segments covered	By End-Use: (Formaldehyde, MTO, MTBE, Gasoline Blending, Others) By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope	Kansai, Chugoku, Kanto and Rest of Japan
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options

 

Available Customizations:

With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.

 

In case you do not find what, you are looking for, please get in touch with our custom research team at sales@chemanalyst.com

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, MTO, 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., Kansai, Chugoku, Kanto and Rest of Japan, 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. Country-wise Export

Get details about quantity of Methanol exported by major countries. 

 

11. Country-wise Import

Get details about quantity of Methanol imported by major countries.

 

12. Company Share

Figure out what proportion of the market share of Methanol is currently held by leading players across Japan. 

 

13. Manufacturing Process

Discover insights into the intricate manufacturing process of Methanol.