The global demand for Methanol Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026. Whereas with regards to volume, the market was calculated XX Kilo Tons in 2019 and foreseen to touch XX Kilo Tons by 2026 with a CAGR of XX% during 2020-2026.
Methanol or wood alcohol, is a versatile chemical used as a feedstock in many industries ranging from clothing to fuel. Methanol and its derivatives are used as base materials in plastics, synthetic fabrics, and fibers used to make clothing; adhesives, paint, and plywood used in construction; and as a chemical agent in pharmaceuticals and agrichemicals. The safe and reliable environmental attributes of methanol make it a clean energy source in the power generation sector. It is used in fuel cell batteries, rechargeable batteries, solar cells, etc. Methanol is also used as cooking fuel and in thermal applications (industrial boilers, furnaces, and kilns). Methanol is also in important component in biodiesel, renewable energy used in place, or blended with, conventional diesel fuel.
The increased adoption of clean, biodegradable fuel sources will be the primary stimulant for the methanol market growth. Methanol is used as an essential component in the manufacture of synthetic rubber, synthetic plastic, pharmaceuticals, textile dyes, and other end-user products that will boost the market growth. Increased utilization of methanol-based derivatives in the construction, automotive, and personal care industry will benefit market growth. Rising investments in developing biofuel technologies will further propel market growth. The hazardous impacts on human health due to continued exposure to methanol will be the primary hampering factor for market growth.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of methanol.
The entire Methanol market has been sub-categorized into application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Acetic Acid
- Fuel Blending
This section covers regional segmentation which accentuates on current and future demand for methanol market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Methanol Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the methanol market include BASF SE, Zagros Petrochemical Company, Mitsui & Co. Ltd., Celanese Corporation, Petroliam Nasional Berhad (PETRONAS), Saudi Arabia Basic Industries Corporation (SABIC), Methanex Corporation, Mitsubishi Gas Chemical Co., Inc., Valero Marketing & Supply Company, Qatar Fuel Additives Company Limited. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.