LONDON, Aug. 29, 2022 (GLOBE NEWSWIRE) -- Data Bridge Market research has recently released expansive research titled "Global Methanol Market" which guarantees you will remain better informed than your competition. This study provides a broader perspective of the marketplace with its comprehensive market insights and analysis which eases survival and success in the market. Methanol Market research report execution is becoming very vital for businesses to gain success because it offers many benefits including insights into revenue growth and sustainability initiative. The large-scale Methanol Market research report is an absolute overview of the market that takes into account various aspects of product definition, market segmentation based on various parameters, and the established merchant landscape. This industry report also offers businesses the company profile, product specifications, production value, manufacturer's contact information, and market shares for the company. Moreover, the Methanol Market business report blends all-inclusive industry analysis with particular estimates and forecasts to provide complete research solutions with the greatest clarity for strategic decision-making.
Global Methanol Market was valued at USD 29.20 billion in 2021 and is expected to reach USD 41.43 billion by 2029, registering a CAGR of 4.47% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
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Over recent years, clean fuels have gained a lot of traction. For environmental reasons, the usage of low-emission fuels has risen dramatically. During the assessment period, the use of methanol as a component in clean fuels might be a major development driver for the global methanol market.
Methanol, also known as methyl alcohol, wood spirit, or wood alcohol, is the most basic member of the alcohol family of chemical molecules. Methanol is now made by mixing carbon monoxide gas with hydrogen directly in the presence of a catalyst. Traditionally, it was made by distilling wood in a harmful manner.
REPORT METRIC
Forecast Period - 2022 to 2029
Base Year – 2021
Historic Years - 2020 (Customizable to 2014 - 2019)
Opportunities
- Expansion of Production Capabilities and Inclination towards Low-emission Fuels
Furthermore, key manufacturers are focusing on expanding their production capabilities to meet growing market demand and extend profitable opportunities to the market players in 2022 to 2029. Additionally, the increased interest in low-emission fuels will further expand the future growth of the methanol market.
Some of the major players operating in the Methanol market are:
- Methanex Corporation (Canada)
- Proman (Switzerland)
- SABIC (Saudi Arabia)
- Yanzhou Coal Mining Company Limited (China)
- ZPCIR (Iran)
- Celanese Corporation (Texas)
- BASF SE (Germany)
- Petroliam Nasional Berhad (PETRONAS) (Malaysia)
- Mitsubishi Gas Chemical Company Inc. (Japan)
- Mitsui & Co., Ltd. (Japan)
- LyondellBasell Industries B.V. (U.S)
- OCI N.V. (Netherlands)
- Metafrax Group (Russia)
- SIPCHEM Company (Saudi Arabia)
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Recent Development
- In March 2021, Fairway Methanol LLC, which was formed through a 50-50 partnership between Mitsui & Co., Ltd and Mitsui & Co., Ltd, has decided to expand its facilities in order to increase methanol production (up to 130,000 tonnes per year) by purchasing and effectively utilising CO2 emitted from nearby plants (up to 180,000 tonnes per year).
- In July 2021, Methanex Corporation and Mitsui O.S.K. Lines (MOL) announced that they have reached an agreement on Key Commercial Terms for the purchase and sale of an equity holding in Methanex's Waterfront Shipping (WFS) subsidiary and the formation of a strategic partnership. For USD145 million, MOL will purchase a 40% minority stake in WFS. WFS will continue to operate as a significant component of Methanex's worldwide supply chain capabilities, with Methanex holding the remaining 60% majority stake.
Global Methanol Market Scope
The methanol market is segmented on the basis of type, derivatives, sub- derivatives and end-use industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Natural Gas
- Coal
Derivatives
- Formaldehyde
- Acetic Acid
- MTBE
- MMA
- Gasoline Blending, Biodiesel
- DME
- TAME
- DMT
- MTO/MTP
Sub-Derivatives
- Gasoline additives
- Olefins
- UF/PF resins
- VAM, Polyacetals
- MDI
- PTA
- Acetate Esters
- Acetic anhydride
- Fuels
End-Use Industry
- Construction
- Automotive
- Electrical & Electronics
- Pharmaceuticals
- Packaging
- Paints and Coatings
- Agriculture
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Methanol Market Regional Analysis/Insights
The methanol market is analyzed and market size insights and trends are provided by country, type, derivatives, sub- derivatives and end-use industry as referenced above.
The countries covered in the methanol market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth in this region is attributed to the presence of key manufacturers within the region.
On the other hand, Asia-Pacific is estimated to show lucrative growth over the forecast period of 2022-2029, due to the shift of consumer preference toward sustainable fuels in the region.
Key Questions Answered in This Report: –
- How has this market performed so far and how will it perform in the coming years?
- Which are the key product types available in this market?
- Which are the major application areas in the market?
- What are the key distribution channels in the global market?
- What are the key regions in this market?
- What are the price trends?
- What are the various stages in the value chain of this industry?
- What are the key driving factors and challenges in the market?
Our Report Offers
- Evaluation of market share for regional and country-level segments
- Market share analysis of top industry players
- Strategic recommendations for new entrants
- All mentioned segments, and regional market forecasts for the next 8 years
- Market Trends (Drivers, Difficulties, Opportunities, Threats, Challenges, Investment Opportunities and Recommendations)
- Strategic recommendations in the main business segment of the market forecast
- Competitive landscaping of major general trends
- Company profiling with detailed strategy, financial and recent developments
- Latest technological progress mapping supply chain trends
Table Of Content:
Section 01: executive summary
Section 02: scope of the report
Section 03: research methodology
Section 04: introduction
Section 05: market landscape
Section 06: market sizing
Section 07: five forces analysis
Section 08: market segmentation by product
Section 09: market segmentation by Application
Section 10: customer landscape
Section 11: market segmentation by end-user
Section 12: regional landscape
Section 13: decision framework
Section 14: drivers and challenges
Section 15: market trends
Section 16: competitive landscape
Section 17: company profiles
Section 18: appendix
To check the complete Table of Content clicks here @ https://www.databridgemarketresearch.com/toc/?dbmr=global-methanol-market
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