Nigeria Methanol Market Size & Outlook, 2022-2030
Nigeria methanol market, 2018-2030 (US$M)
Related Markets
Nigeria methanol market highlights
- The Nigeria methanol market generated a revenue of USD 58.6 million in 2022 and is expected to reach USD 88.6 million by 2030.
- The Nigeria market is expected to grow at a CAGR of 5.3% from 2023 to 2030.
- In terms of segment, mto/mtp was the largest revenue generating additives in 2022.
- MTO/MTP is the most lucrative additives segment registering the fastest growth during the forecast period.
Methanol market data book summary
| Market revenue in 2022 | USD 58.6 million |
| Market revenue in 2030 | USD 88.6 million |
| Growth rate | 5.3% (CAGR from 2022 to 2030) |
| Largest segment | Mto/mtp |
| Fastest growing segment | MTO/MTP |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Formaldehyde, Gasoline, Acetic Acid, MTBE, Dimethyl Ether, MTO/MTP |
| Key market players worldwide | Basf SE, Mitsui Chemicals Inc, Celanese Corp Class A, Petroliam Nasional Berhad, SABIC, Mitsubishi Gas Chemical Co Inc, Methanex Corp |
Other key industry trends
- In terms of revenue, Nigeria accounted for 0.1% of the global methanol market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia methanol market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 599.4 million by 2030.
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Methanol Market Scope
Methanol Market Companies
| Name | Profile | # Employees | HQ | Website |
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Nigeria methanol market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to methanol market will help companies and investors design strategic landscapes.
Mto/mtp was the largest segment with a revenue share of 23.89% in 2022. Horizon Databook has segmented the Nigeria methanol market based on formaldehyde, gasoline, acetic acid, mtbe, dimethyl ether, mto/mtp covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of Nigeria methanol market databook
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Our clientele includes a mix of methanol market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Nigeria methanol market , including forecasts for subscribers. This country databook contains high-level insights into Nigeria methanol market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Nigeria methanol market size, by additives, 2018-2030 (US$M)
Nigeria Methanol Market Outlook Share, 2022 & 2030 (US$M)
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