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Methanol Uses - Links, Research & White Papers

The global methanol market is comprised of the following end-use segments: Formaldehyde, Acetic Acid, MTBE, DME, MMA, DMT, Alternative Fuels, and other segments that include specific application areas such as fuel cells and agriculture.

According to Chemical Market Associates, Inc. (CMAI) methanol consumption in 2008 amounted to 40.6 million metric tons. Of this amount, approximately 34% was directed to the production of formaldehyde, a primary feedstock for the production of chemical products, such as resins and polyacetals. These in turn are used in the manufacture of a large number of consumer goods such as particle board, plywood, paints, foams, rubbers and pesticides. The balance was consumed by the production of methyl tertiary butyl ether (MBTE) a gasoline additive; the production of acetic acid used to produce acetates and polyesters; as a direct fuel; as a blending component for biodiesel; and use as a de-nitrification agent in waste-water treatment. [M. Cummins, A. Bucca A., B. Murphy, B. (2010). Model specification analysis in the methanol markets. The Journal of Energy Markets: 3 (4) 87-108.]

A new report by Global Industry Analysts, Inc. indicates the global methanol market is expected to reach 55.3 million metric tons by 2015. (http://www.prweb.com/releases/methanol/formaldehyde_acetic_acid/prweb8117801.htm) This expansion is due in part to the increasing use of methanol-based fuels such as DME, a diesel substitute, and rapid developments of methanol applications in the chemical, agricultural, construction and automobile industries.