North America Methanol Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

North America Methanol Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

  • December 2019 •
  • 88 pages •
  • Report ID: 5834437 •
  • Format: PDF
The North America methanol market reached a volume of 7.6 Million Tons in 2018. Methanol, also known as wood alcohol, is a colorless, water-soluble liquid with a mild alcoholic odor. It presents an excellent way to store and transport energy conveniently and safely. Methanol is used in fuel cells as a direct reagent or indirectly as a source of hydrogen. In the chemical industry, methanol is used mainly for manufacturing formaldehyde, acetic acid, dimethyl terephthalate (DMT) and other solvents. Similarly, in the energy industry, it is employed in the manufacturing of methyl tertiary butyl ether (MTBE), tertiary amyl methyl ether (TAME), dimethyl ether (DME) and biodiesel.

The North America methanol market is currently being driven by various factors. Methanol offers long term possibilities for reducing greenhouse gas emissions. Therefore, the rising environmental concerns among the consumers have stimulated the usage of methanol as a safer fuel owing to its low rate of evaporation and low radiant heat energy. In addition to this, it biodegrades easily and can be a safer replacement of products such as crude oil, gasoline and diesel fuel. Apart from this, methanol can be manufactured from a variety of carbon-based feedstock such as natural gas, coal and biomass. These raw materials are readily available in the market and thus driving the production of methanol in the region. Looking forward, the analyst expects the market to reach a volume of 9.6 Million Tons by 2024, registering a CAGR of around 4% during 2019-2024.

Report Scope:
North America Methanol Market

Key Regions Analysed
United States
Canada

Analysis for Each Country

Market by Application
Formaldehyde
Dimethyl Ether
Gasoline
Chloromethane
MTBE/TAME
Acetic Acid
Others

Market by Imports and Exports
Imports
Exports

Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
Competitive Landscape
Competitive Structure
Key Player Profiles

Key Questions Answered in This Report:
How has the North America methanol market performed so far and how will it perform in the coming years?
What are the key regions in the North America methanol market?
What is the breakup of the North America methanol market on the basis of application?
What are the various stages in the value chain of the North America methanol industry?
What are the key driving factors and challenges in the North America methanol industry?
What is the structure of the North America methanol industry and who are the key players?
What is the degree of competition in the North America methanol industry?
What are the profit margins in the North America methanol industry?

Report Coverage:
Base Year Considered: 2018
Historical Data Coverage: 2013-2018
Market Forecast: 2019-2024
Geography Covered: North America, United States and Canada
Segments Covered: Application.

Report Customization: Although the analyst has tried to cover everything in the North America methanol market landscape, we believe that every stakeholder may have their own specific needs. In view of this, we provide up to 20-man hours of free customization for each report.