Global Methanol Market Forecast 2017-2025

Global Methanol Market Forecast 2017-2025

  • September 2017 •
  • Report ID: 5090372
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.
Country=World Industry=Chemicals ParentIndustry=HeavyIndustry Date=201709 Topic=Forecast Publisher=InkwoodResearch Price=3000