Global Methanol Market : Latest Innovations, Drivers, Dynamics And Strategic Analysis, Challenges by 2024
Our latest research report entitled Methanol Market (by source (natural gas, coal and others), derivatives (gasoline, formaldehyde, acetic acid, dimethyl ether (dme), biodiesel and other) and end-use industry (chemical, construction, automotive, electronics and others)) provides complete and deep insights into the market dynamics and growth of Methanol. Latest information on market risks, industry chain structure Methanol cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Methanol growth factors.
The forecast Methanol Market information is based on the present market situation, growth opportunities, development factors, and opinion of the industry experts. An in-depth analysis of the company profiles, Methanol on global and regional level and applications is conducted. The analysis of downstream buyers, sales channel, raw materials, and industry verticals is offered in this report. According to report the global methanol market is projected to grow at a CAGR of 11.9% over the forecast period of 2018-2024.
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The methanol is a light, flammable clear liquid that is produced by dehydration of Carbone monoxide. The methanol is harmful to humans as methanol is more toxic then ethanol. Among the derivatives of methanol, the demand of Formaldehyde is growing very rapidly. Formaldehyde is used in the various chemical reaction as they provide high purity and abundant uses with low cost. The methanol is mainly used in the formation of formaldehyde as well as, it also used in the formation of various solvents including acidic acid propylene and dimethyl ether which are used as anti-freezers. In addition, methanol is used as a fuel in various cars as they are capable of producing high speed but there are some restriction on the uses of methanol due to its high flammable property.
The rapidly growing use of methanol in the energy applications such as automotive fuel, marine fuel, dimethyl ether, bio diesel and others is the driving the growth of methanol market worldwide. According to Trusted source, the emerging energy application consumes 40% of total methanol. In addition, the rising demand of clean burning fuel and fuel substitutes as bio diesel is anticipated to enhance the growth of methanol market. Also, Methanol by-products are used in the several industrial applications including production of petrochemicals, synthesis of chemicals, automotive sector, construction & building and pharmaceuticals. The diverse applications of methanol in various industries is likely to boost the growth of methanol market over the forecast period. However, Flammable property of methanol restricts its use in various applications which may hamper its market growth. Moreover, ongoing research and development activities on the use of methanol as alternative of gasoline products is projected to create the more opportunities in upcoming years.
Geographically, Asia pacific accounts for the largest share in the market of methanol. In the Asia-pacific region, china dominates the market of methanol owing to its ongoing industrialization and the availability of coal and natural gas in china. Furthermore, North America and Europe regions are growing with the highest CAGR. The demand of methanol is rising globally, the North America and the Europe regions have Unconventional supply of natural gas that boost the market of methanol in this regions.
Market Segmentation by Derivatives
The report on global methanol market covers segments such as, source, derivatives and end-use industry. On the basis of source the global methanol market is categorized into natural gas, coal and others. On the basis of derivatives the global methanol market is categorized into gasoline, formaldehyde, acetic acid, dimethyl ether (dme), biodiesel and other. On the basis of end-use industry the global methanol market is categorized into chemical, construction, automotive, electronics and others.
The report provides profiles of the companies in the global methanol market such as, BASF SE, SABIC, Methanex Corporation, Mitsubishi Gas Chemical Co., Inc. (MGC), Methanol Holdings (Trinidad) Limited(MHTL), Celanese Corporation, Petroliam Nasional Berhad (Petronas), Zagros Petrochemical Company (ZPC), Mitsui & Co., Ltd., Eastman Chemical Company and Atlantic Methanol Production Company.
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