KEY FINDINGS The Global Methanol market is predicted to rise with a CAGR of 11.81% for the forecast period of 2017-2025, increasing its revenue from $ 30936 million in 2016 to $85512 million by 2025. The important drivers contributing to the market growth include the growing demand from the Asia-Pacific regions, increasing acceptance for MTO technology, need for alternate transportation fuels, etc.
MARKET INSIGHTS The Global Methanol market is segmented on the basis of derivatives and end-users. The derivatives can be further classified as formaldehyde, acetic acid, TAME, MTBE, gasoline, etc. Formaldehyde is the most popular segment of the derivatives. The end-user industry for the market includes paints and coatings, automotive, electronics, constructions, etc. The automotive industry currently holds the largest share in the market. The accelerated demand of bio based products amongst these end users and the growing technological advancements for the bio refining are providing the market with plenty of growth opportunities. However, the market is expected to face some challenges concerning the fluctuating methanol prices and the various government regulations and policies related to methanol.
REGIONAL INSIGHTS The global Methanol market is geographically divided into four major regions which include the Asia-Pacific, Europe, North America and the rest of the world. The widespread availability of shale gas in the region is expected to augment the demand for methanol in the region. Also, the vendors in this region are adopting novel strategies to boost the market further. The Asia-Pacific market is expected to show the highest growth over the forecast period owing to the increasing application of methanol in various industries.
COMPETITIVE INSIGHTS Celanese Corporation, BASF AG, Meridian Inc, Methanex Corporation, Mitsubishi Chemicals, Methanol Holdings Trinidad Limited (MHTL),Mitsui & Co., Ltd, Saudi Basic Industries Corporation, Petroliam Nasional Berhad (Petronas), Valero Marketing, Supply Company, Teijin, and Zagros Petrochemical Company (ZPC) are some of the noted companies in the global methanol market.
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The report on global methanol market provides qualitative and quantitative analysis for the period of 2016 to 2024. The report predicts the global methanol market to grow with a CAGR of 11.9% over the forecast period of 2018-2024. The study on methanol market covers the analysis of the leading geographies such as North...
Global Methanol Capacity and Capital Expenditure Outlook, 2018 - IGP Methanol and NW Innovation Lead Global Capacity Additions Summary Global methanol capacity is expected to experience considerable growth over the next eight years from around 130 mtpa in 2017 to more than 240 mtpa by 2026.More than...
74 pages •
By International Market Analysis Research and Consult
• Apr 2018
Methanol is a light, colourless, volatile, toxic and flammable liquid which has an odour very similar to ethanol. It is the simplest of alcohols made chiefly by oxidizing methane and has a number of applications such as an anti-freeze agent, solvent, bio-fuel, etc. According to IMARC Group’s recently published report...
351 pages •
By Global Industry Analysts
• Apr 2018
This report analyzes the worldwide markets for Methanol in Thousand Tons by the following End-Use Segments: Formaldehyde, Acetic Acid, Methyl Tertiary-Butyl Ether, Dimethyl Ether, Gasoline Blending/Combustion Biofuels, and Others. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe,...
About Methanol Market Methanol, or wood alcohol, is a simple hydrocarbon which is widely used as feedstock for the production of chemicals and as a fuel for specialized vehicles. Historically, methanol was produced from the destructive distillation of wood. However, advances in various industrial processes have resulted...
170 pages •
By Transparency Market Research
• Dec 2017
Global Methanol Market- Overview Methanol also known as wood alcohol has some of the similar characteristics of conventional fuels. Hence, methanol is emerging as a perfect replacement for fuels such as diesel and petrol. There has also been an increase in the use of methanol also filling stations. Various combinations...