NEW YORK, March 06, 2023 (GLOBE NEWSWIRE) -- Maximize Market research, a Material & Chemical business research firm has published a report on the “Methanol Market”. The total market opportunity for Methanol Market was USD 27.11Bn in 2021 and is expected to grow at 5.93 percent CAGR through the forecast period by reaching nearly USD 40.58 Bn by 2029. As per the report, the global Blue Hydrogen Market was dominated by the Europe region in 2021 and is expected to grow at a rapid rate during the forecast period.
| Market Size in 2021 | USD 27.11Bn. |
| Market Size in 2029 | USD 40.58Bn. |
| CAGR | 5.93 percent (2022-2029) |
| Forecast Period | 2022-2029 |
| Base Year | 2021 |
| Number of Pages | 287 |
| No. of Tables | 116 |
| No. of Charts and Figures | 115 |
| Segment Covered | Technology and End-User |
| Regional Scope | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Report Coverage | Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis. |
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Methanol Market Scope and Research Methodology
The report on Methanol Market provides an overview of the market structure and the competitive landscape prevailing in the industry. Key insights provided in the report include the major divers of the market along with its various applications. The market size and growth rate are presented in the report that is estimated using a bottom-up approach.
For a competitive landscape of the Methanol Market, key players in the market are listed for the analysis. Along with key competitors, new entrants in the Methanol Market are also included in the report for a comprehensive research. Growth indicators such as the revenue generated, credit ratings, technological advancements, mergers and acquisitions, joint ventures and geographical presence are taken into account for conducting the analysis.
The regional analysis of the Methanol Market is conducted at local, regional and global level to gain insights into the market share dominance, market penetration and the lucrative opportunities in various regions. A segment-wise analysis of the report is conducted by dividing the market based on Feedstock, Derivatives, Sub-Derivatives, End-User. For the analysis of the Methanol Market, data is collected using primary and secondary research. Econometric models and research tools are used in the analysis. SWO, PESTLE and Porter’s Five Force analysis was used to analyse the factors affecting the Methanol Market growth.
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Methanol Market Overview
Methanol, also known as Methyl alcohol is an organic chemical and simplest aliphatic alcohol, with formula CH3OH. Methanol is a colorless, flammable liquid with a distinctive odor. It is used in automotive industry and consumer products including antifreeze, solvents, fuels and as a feedstock in manufacturing of other chemicals. The growing demand from the automotive and construction industry is expected to drive the Methanol market growth over the forecast period.
Methanol Market Dynamics
Use of petrochemicals in end-use industries such as automotive and construction have been witnessing a rise. There are immense applications of methanol in day-to-day products which are expected to present lucrative opportunities for the market growth over the forecast period. Use of Methanol for the production of chemicals such as acetic acid and formaldehyde, in manufacturing of foams, windshield washer fluids and plywood subfloors are the factors expected to influence the Methanol Market growth. Production of olefins from methanol, use of methyl alcohol as a precursor in adhesives, plastics, textiles, and insulation material are expected to fuel the Methanol Market growth.
Detrimental effect of Methanol as solvent, alternative fuel source and pesticide, also it naturally occurs in foods, fruits, and human body, which causes poisoning, which is expected to restrain the Methanol Market growth. Consumption of Methanol can lead to blindness, accumulation of acid in blood and death. Increasing demand of Ethanol and Bioethanol over Methanol, however, is expected to restrain the market growth.
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Methanol Market Regional Insights
The Methanol Market in the Asia Pacific region is expected to grow at a high CAGR during the forecast period. This growth of the market is expected majorly due to the shifting consumer preference towards sustainable fuels in the region. The demand for methanol is high in China, Japan, and other Southeast Asian countries because of the growing chemical construction, automotive and electronics industries. The regional Methanol Market is majorly growing because China is the largest producer of methanol in the world.
The Methanol Market in the North America region is also expected to grow at a high rate during the forecast period due to the presence of major key manufacturers in the region. This growth of the market is also expected because of the high demand for fuelling applications like fuel blending and the production of green fuels.
Methanol Market Segmentation
By Feedstock:
- Coal
- Natural Gas
- Others
By Derivatives:
- Gasoline
- MTO/MTP
- Formaldehyde
- Methyl Tertiary Butyl Ether (MTBE)
- Acetic Acid
- Dimethyl Ether (DME)
- Methyl Methacrylate (MMA)
- Biodiesel
- Others
By Sub-Derivatives:
- Gasoline additives
- Olefins
- UF/PF resins
- VAM
- Polyacetals
- MDI
- PTA
- Acetate Esters
- Acetic anhydride
- Fuels
By End-User:
- Construction
- Automotive
- Electronics
- Appliances
- Paints & Coatings
- Insulation
- Pharmaceuticals
- Packaging (PET bottles)
- Solvents
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Methanol Market Key Competitors include:
- Atlantic Methanol Production Company
- BASF SE
- Celanese Corporation
- Eastman Chemical Company
- Methanex Corporation
- Methanol Holdings Limited
- Mitsubishi Gas Chemical Co., Inc.
- Mitsui & Co., Ltd
- Petroliam Nasional Berhad
- SABIC
- Zagros Petrochemical Company
- HELM AG
- Southern Chemical Corporation
- PETRONAS
- Simalin Chemical Industries Pvt Ltd.
- Metafrax Chemicals
- Yanzhou Coal Mining Company Ltd.
- Shanghai Huayi (Group) Company
- Ningxia Baofeng Energy Group Co. Ltd.
- Celanese Corporation
Key questions answered in the Methanol Market are:
- What is Methanol?
- What is the current growth rate of the Methanol Market?
- Who are the key players in the Methanol Market?
- What are the factors affecting growth in the Methanol Market?
- Who held the largest market share in Methanol Market?
- What is the demand pattern for the Methanol Market?
- What are the opportunities for the Methanol Market?
- What are the strategies used by competitors in the Methanol Market?
- What are the growth prospects in developing countries for the Methanol Market t?
- Which segment is expected to witness the fastest growth and why in the Methanol Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis of the market by Feedstock, Derivatives, Sub-Derivatives, End-User and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
Maximize Market Research is leading material and chemical research firm, has also published the following reports:
Ethanol Market -The market size is expected to reach USD 152.2 billion by 2029 at a CAGR of 5.5 percent during the forecast period. It is expected to be driven Growing interest in using the substance as a biofuel and rise in the use of alcohol.
Bioethanol Market -The market size is expected to reach USD 111.48 billion by 2029 at a CAGR of 14.21 percent during the forecast period. It is expected to be driven by increasing use of renewable sources of energy and the ease with which it can be integrated into the existing road transportation fuel system.
Phenoxyethanol Market -The market size is expected to reach USD 269 Mn by 2029 at a CAGR of 4.31 percent during the forecast period. It is expected to be driven by increasing demand for phenoxyethanol from the personal care and the cosmetics industry
Aminoethylethanolamine Market -The market size is expected to reach USD 328.93 Mn by 2029 at a CAGR of 4.7 percent during the forecast period. It is expected to be driven by increasing applications of aminoethylethanolamine in end-use industries to improve dye sorption, adhesion, and flameproofing and abrasion resistance.
Trifluoroethanol Market -The market size is expected to reach USD 911.5 million by 2029 at a CAGR of 5.80 percent during the forecast period. It is expected to be driven by increasing need for efficient use of resources and research and development.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
