Methanol Market: Global Industry Size, Share, Future Challenges, Industry Growth

Methanol is used as a source or as a feedstock in the production of various other chemical components and products. Due to its characteristics of being similar to traditional fuel products with combustion, and availability it is being used as an alternative fuel in various transportation systems. It is known as wood alcohol because of its derivation from distillation of wood, but with advancements in technology a number of methods have been commercialized for its production.

Global Methanol Market is expected to rise from its initial estimated value of USD 83.30 billion in 2018 to a projected value of USD 130.68 billion by 2026, registering a CAGR of 5.79% in the forecast period of 2019-2026.

Key Market Competitors:

SABIC; Celanese Corporation; Eastman Chemical Company; BASF SE; Atlantic Methanol; Methanex Corporation; China XLX Fertilizer Ltd.; Mitsui Chemicals, Inc.; Mitsubishi Chemical Holdings Corporation.; Petroliam Nasional Berhad (PETRONAS); Valero Marketing and Supply Company; Methanol Holdings (Trinidad) Limited; BP p.l.c.; Clariant; Coogee; Enerkem; GNFC Limited; Haldor Topsoe A/S; Oberon Fuels; OCI NV are few of the major competitors currently present in the market.

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Competitive Analysis:

Global methanol market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of methanol market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Segmentation: Methanol Market

By Type (Natural Gas, Coal, Others)

By Derivatives (Formaldehyde, Acetic Acid, MTBE, MMA, Gasoline Blending, Biodiesel, DME, TAME, DMT, MTO/MTP, Others)

By End-Use Industry (Construction, Automotive, Electrical & Electronics, Pharmaceuticals, Packaging, Paints & Coatings, Agriculture, Others)

By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

Market Drivers:

• Increasing adoption of methanol as blended fuel in various transportation systems due to the concerns related to the environment; this factor is expected to act as a driver for the market growth
• Depletion of natural resources for usage as a fuel resulting in growth for various alternative products and solutions; this factor is expected to act as a driver for the market growth

Market Restraint:

• High cost of conversion of methane into liquids for the usage in different applications and end-user due to the lack of feasible and effective technology available are expected to restrain the market growth

Reasons to Purchase this Report

Current and future of global anesthesia monitoring market outlook in the developed and emerging markets

The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period

Regions/Countries that are expected to witness the fastest growth rates during the forecast period

The latest developments, market shares, and strategies that are employed by the major market players

Key Insights in the report:

• Complete and distinct analysis of the market drivers and restraints
• Key market players involved in this industry
• Detailed analysis of the market segmentation
• Competitive analysis of the key players involved

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Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster