| December 2020 Shape strategic responses through the phases of industry recovery. MMSA was established in 2004 at its current headquarters in Singapore. Please fill out the form below for a free PDF report sample & Methanol is a light flammable liquid, which can be produced using natural gas, oil, coal, or renewable resources such as biomass and landfill gas as a feedstock. for the forecast years. The automotive industry will continue to lead the Methanol market,, accounting for a share of 24.8% of the overall market, in 2019 terms of value. Methanol market growth is attributed to the increasing methanol use in filling stations and flexible fuel vehicles. Methanol is widely used to manufacture biodiesel, which is biodegradable, safe, and produces fewer air pollutants than other fuels. Download a free sample report now. The market in the Middle East & Africa is likely to exhibit considerable growth during the review period due to the rapidly growing end-use industries such as automotive, building and construction, and packaging. ID: MRFR/CnM/1232-HCR Methanol Market Size And Forecast Methanol Market was valued at USD 30.85 Billion in 2019 and is projected to reach USD 38.49 Billion by 2027, growing at a CAGR of 2.8% from 2020 to 2027. 7. For instance, in March 2019, Honeywell Company announced that Jiangsu Sailboat Petrochemical Co., Ltd., a China-based petrochemical producer, shall be utilizing Honeywell UOP’s C3 Oleflex technology to formulate 700,000 metric tons of polymer-grade propylene annually. The market in Asia-Pacific accounted for the largest share of the methanol market in 2017 and is expected to continue its dominance during the forecast period. The formaldehyde segment by derivative is the largest segment in the global methanol market. Earlier produced by the destructive distillation of wood, methanol … Natural gas is obtained by drilling shale and other sedimentary rocks under high pressure using hydraulic fracturing technology. The global methanol market has been segmented, by derivative, into formaldehyde, acetic acid, dimethyl ether, gasoline, solvents, methanol to olefins, and others. The report on Methanol Market offers in-depth analysis on market trends, drivers, restraints, opportunities etc. This growth can be attributed to the rapidly expanding automotive industry in developing nations such as India and China on account of the rising demand for vehicles. Increasing consumption of methanol for the production of dimethyl ether and Methyl tert-butyl ether (MTBE), utilized as the alternatives for gasoline, is expected to propel the … Based on derivative, the market has been segmented into formaldehyde, acetic acid, dimethyl ether, gasoline,, solvents, methanol to olefins, methyl tert butyl ether, methyl methacrylate, and others. Jiangsu Sailboat shall also be involved in expanding the existing production facility to produce propylene and ethylene using Honeywell’s Methanol-to-Olefins technology. Global Methanol Market, by Derivative, 7.2.1 Market Estimates & Forecast, 2016−2023, 7.2.2 Market Estimates & Forecast, by Region, 2016−2023, 7.3.1 Market Estimates & Forecast, 2016−2023, 7.3.2 Market Estimates & Forecast, by Region, 2016−2023, 7.4.1 Market Estimates & Forecast, 2016−2023, 7.4.2 Market Estimates & Forecast, by Region, 2016−2023, 7.5.1 Market Estimates & Forecast, 2016−2023, 7.5.2 Market Estimates & Forecast, by Region, 2016−2023, 7.6.1 Market Estimates & Forecast, 2016−2023, 7.6.2 Market Estimates & Forecast, by Region, 2016−2023, 7.7.1 Market Estimates & Forecast, 2016−2023, 7.7.2 Market Estimates & Forecast, by Region, 2016−2023 CAGR of the market … Methanol Global Market Accrues Significantly With A Substantial Cagr; Affirms Mrfr Unleashing Ind... Masterbatch Market Research Report Global Forecast Till 2025, Mexico Glycerine Market Research Report Forecast To 2023, Isobutyric Acid Market Research Report – Global Forecast Till 2023, Polylactic Acid Market Research Report Forecast To 2023, © 2020 Market Research Future®(Part of WantStats Research And Media Pvt. The new report by Expert Market Research titled, ‘Global Methanol Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025′, gives an in-depth analysis of the global methanol market, assessing the market based on its segments like end uses and … MMSA provides weekly, monthly, quarterly, and annual market advisory services covering all major global methanol … Global Methanol Market Share, by Derivative, 2017 (%) Regional Analysis. According to the Methanol Institute around 200 water treatment facilities in the US use methanol in the dentrification process. These companies are also setting up methanol manufacturing units in developing countries to capitalize on future opportunities. European Union initiation of waste-to-methanol projects starting from 2019, is an attempt to reduce environmental degradation. Methanol, a common name for methyl alcohol is a commodity chemical used in numerous applications directly or further modified chemically to manufacture a variety of other chemical compounds. The formaldehyde segment accounted for the largest market share in 2017 on account of the high consumption of formaldehyde in various end-use industries such as automotive, building and construction, healthcare, and cosmetics and personal care., Automobile production is rising globally as a result of the increasing demand for lightweight vehicles to reduce carbon emissions. Market share assessments for the regional and country-level segments ... Methanol Market 2020-2024: Key Highlights. 4.1 Global Methanol Sales, Revenue and Market Share by Regions. Which region holds the largest share in the global methanol market? Global Methanol Market, by End-Use Industry, 8.2.1 Market Estimates & Forecast, 2016−2023, 8.2.2 Market Estimates & Forecast, by Region, 2016−2023, 8.3.1 Market Estimates & Forecast, 2016−2023, 8.3.2 Market Estimates & Forecast, by Region, 2016−2023, 8.4.1 Market Estimates & Forecast, 2016−2023, 8.4.2 Market Estimates & Forecast, by Region, 2016−2023, 8.5.1 Market Estimates & Forecast, 2016−2023, 8.5.2 Market Estimates & Forecast, by Region, 2016−2023, 8.6.1 Market Estimates & Forecast, 2016−2023, 8.6.2 Market Estimates & Forecast, by Region, 2016−2023, 8.7.1 Market Estimates & Forecast, 2016−2023, 8.7.2 Market Estimates & Forecast, by Region, 2016−2023, 8.8.1 Market Estimates & Forecast, 2016−2023, 8.8.2 Market Estimates & Forecast, by Region, 2016−2023 Approximately 90% of MTBE is typically utilized in the formulation of gasoline as an oxygenate or octane booster. Significant changes in market dynamics & market overview. Methanol Market by Application (Formaldehyde, Acetic acid, Gasoline, Methanol-to-Olefins (MTO)) - Global Industry Analysis & Forecast to 2025,The Methanol Market has encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period. Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Bio Methanol in these regions, from 2014 to 2025, covering North America (United States, Canada and Mexico) Europe (Germany, UK, France, Italy, Russia and Turkey etc.) Also, the government will allocate coal blocks to oil marketing com, Industrial Motors, Pumps, And Control Devices, Power Generation, Transmission And Distribution, Ice, Electric, Hybrid, Autonomous Vehicles. BASF SE, BP Plc, Celanese Corp., and ENERKEM Inc. will emerge as major methanol market participants during 2020-2024. The increasing use of methanol as a fuel in automobiles due to improved engine performance and enhanced fuel efficiency is expected to drive the growth of the global market. In the personal care segment, formaldehyde-releasing agents are used as preservatives to eliminate the growth of bacteria or pathogens. What are the major end-use industries of Methanol? This industry analysis provides market share and market sizing insights for all segments including natural gas methanol, coal methanol, and more. After a detailed analysis, Triton Market Research has concluded that the global methanol market is expected to display an upward trend and is estimated to grow at a CAGR of 5.42% in terms of revenue over the forecast period from 2019 to 2027. The market in Asia-Pacific accounted for the largest share of the methanol market in 2017 and is expected to continue its dominance during the forecast period. The most common production process with regards to acetic acid includes the rhodium-catalyzed carbonylation process. Geographically, the global methanol market is segmented into North America, South America, Europe, Asia Pacific, and RoW. In China, MTO technology has enabled the country to facilitate its plastic manufacturing processes using alternatives, such as natural gas and coal. In April 2019, Celanese Corporation, in collaboration with Mitsui & Co., expanded the capacity of methanol production at its Clear Lake Facility, thereby contributing to an annual production of 1.7 million tons. Formaldehyde resins are used on a large scale to manufacture interior molded components of vehicles to reduce weight and increase fuel efficiency. For instance, the Netherlands has a total capital investment of USD 246 million to convert 360,000 tons of waste into 270 million liters of green methanol. 7.9 Methyl Methacrylate, 7.9.1 Market Estimates & Forecast, 2016−2023, 7.9.2 Market Estimates & Forecast, by Region, 2016−2023 DME is used as a fuel (diesel) in the passenger vehicle and aerosol propellant and is also blended in Liquefied Natural Gas (LNG). In this study, 2020 is expected to see as the base year and 2025 as the estimated year for forecasting … In 2015, the country produced around 47 million tons of methanol that accounted for 55% of the global methanol production and employs over 70% of the total methanol produced from coal. | Region: Global | 141 pages. Global Methanol Market Share, by Derivative, 2017 (%). Our support available to help you 24 hours a day, five days a week. By 2026 end, the global market for methanol is estimated to bring in US$ 131,344.3 million revenue. This was due to the increasing demand for vehicles development and mounting demand for consumer goods such as automobiles. North America is another prominent market for methanol due to its increasing use in water treatment facilities in the dentrification process as it helps in reducing the volume of hazardous effluents discharged. Blending it to petrol increases vehicle acceleration and power and is known to reduce fuel costs. The global methanol market is partially fragmented in nature, with the top eight players accounting for about 41.63% of the global production capacity. Design an exclusive study to serve your research needs. Based on end-use industry, the market has been segregated into transportation, building and construction, electrical and electronics, packaging, paints and coatings, pharmaceuticals, water treatment, and others. It is widely used as an alternative to fuel in the transportation industry owing to good blending properties and high octane rating. The global methanol market size was valued at USD 28.50 billion in 2019 and is projected to reach USD 40.48 billion by 2027, exhibiting a CAGR of 4.6% during the forecast period. The formaldehyde segment accounted for the largest market share in 2017 on account of the high consumption of formaldehyde in various end-use industries such as automotive, building and construction, healthcare, and cosmetics and personal care. Additionally, the Indian government is planning to commercialize the use of coal-based methanol in heavy commercial vehicles such as trucks and buses instead of diesel due to cost-effectiveness. In its 17th year of operation, the company provides leading independent analysis to the global methanol industry (all major global methanol producers, consumers, traders, process licensors, catalyst suppliers, and other ancillary … This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. Methanol Market highlights the following key factors: A complete background analysis of the industry, which includes an assessment of the parental market. , Global Methanol Market Share, by Derivative, 2017 (%),  , Regional Analysis, The market in Asia-Pacific accounted for the largest share of the methanol market in 2017 and is expected to continue its dominance during the forecast period. It is the simplest type of alcohol and consists of a methyl group linked with a hydroxy group. In North America and Europe, over 85% of methanol is produced from natural gas. Natural gas and coal are the major feedstock for the production of met… The increasing use of methanol as a fuel in automobiles due to improved engine performance and enhanced fuel efficiency is expected to drive the growth of the global market. China also produced 3.8 million tons of DME in 2015. Methanol Market Size, Share & Forecast (2020 - 2025) The size and share of the Global Methanol Market size were worth USD 29.78 Billion in 2020 and are estimated to showcase a CAGR of about 13% between 2020 and 2025. Methanol is one of the major components for the production of olefins (Methanol-to-Olefins or MTO), such as ethylene and propylene. Along with qualitative information, this report include the quantitative analysis of various segments in terms of market share, growth, opportunity analysis, market value, etc. Asia Pacific holds the largest share in the global methanol market followed by North America and Europe, respectively. Emerging trends by segments and regional markets. The global methanol market size was estimated to be USD 38.9 billion in 2018 and is forecasted to grow at a CAGR of 9.8 % from 2019 to 2026. China is also the largest consumer of methanol fuel and has numerous provinces developing fuel standards ranging from M5 (95% gasoline and 5% methanol) to M100. Some of the key players in the global methanol market are Celanese Corporation (US), BASF SE (Germany), Methanex Corporation (Canada), SABIC (Saudi Arabia), Petroliam Nasional Berhad (PETRONAS), Mitsubishi Gas Chemical Company Inc. (Japan), Valero Marketing and Supply Company (US), Mitsui & Co. Ltd (Japan), Zagros Petrochemical Company (Iran), Sipchem (Saudi Arabia), Simalin Chemical Industries Limited (India), and Solventis (UK). Methanol is a light flammable liquid, which is widely used as an alternative fuel due to its good blending properties & high octane rating. Governments across the emerging economies have been focusing on increasing the blending percentage of methanol in petrol by 3% to 85% depending on the desired vehicle performance and functional efficiency. The Asia Pacific emerged as the leading regional market in 2018, claiming 61.6% of overall revenue share. The methanol market in APAC is expected to hold the largest share by 2027 owing to the APAC’s dominance in the global market, mainly due to the rising demand for methanol and its by-products from the construction, automotive, textile, and furniture industries. It is widely used as an alternative to fuel in the transportation industry owing to good blending properties and high octane rating. Brazil is also recognized as one of the key exporters of the product, supported by the presence of key multinationals, such as Group Peixoto de Castro. The global methanol market was worth US$ 28.6 Billion in 2019. We are in compliance with GDPR & CCPR norms. Manufacturers operating in the methanol market are striving to respond to the growing demand for the product in automotive, construction, aviation and others. According to a new study by Transparency Market Research (TMR), the global market for methanol is likely to have a steady growth during 2017-2026. (2020-2026) Methanol Market Share and Growth | Celanese, BASF, Methanex QY Research has Published Latest Trending Report on Global Methanol Market Los Angeles, United State, – The report titled Global Methanol Market is one of the most comprehensive and important additions to QY Research’s archive of market … 7.8 Methyl-Tert-Butyl-Ether, 7.8.1 Market Estimates & Forecast, 2016−2023, 7.8.2 Market Estimates & Forecast, by Region, 2016−2023 Some of these major players include Methanex Corporation , SABIC, Zagros Petrochemical Co. , Yankuang Group, and Proman AG, among others. Grand View Research is registered in the State of California at Grand View Research, Inc. 201 Spear Street 1100, San Francisco, CA 94105, United States. Methanol Market breakdown up to the second or … Furthermore, in Central and South American, Brazil is observed to be the key contributor to the consumption of methanol. 7.10 Others, 7.10.1 Market Estimates & Forecast, 2016−2023, 7.10.2 Market Estimates & Forecast, by Region, 2016−2023, 8. Methanol is also used as feedstock for the production of chemicals, such as formaldehyde, dimethyl ether, methyl tert-butyl ether, and acetic acid, used for producing foams, solvents, adhesives, plywood subfloors, and windshield washer fluid. 8.9 Others, 8.9.1 Market Estimates & Forecast, 2016−2023, 8.9.2 Market Estimates & Forecast, by Region, 2016−2023, 9.2.1 Market Estimates & Forecast, 2016−2023, 9.2.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.2.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.2.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.2.5.1 Market Estimates & Forecast, 2016−2023, 9.2.5.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.2.5.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.2.5.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.2.6.1 Market Estimates & Forecast, 2016−2023, 9.2.6.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.2.6.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.2.6.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.3.1 Market Estimates & Forecast, 2016−2023, 9.3.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.3.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.3.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.3.5.1 Market Estimates & Forecast, 2016−2023, 9.3.5.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.3.5.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.3.5.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.3.6.1 Market Estimates & Forecast, 2016−2023, 9.3.6.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.3.6.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.3.6.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.3.7.1 Market Estimates & Forecast, 2016−2023, 9.3.7.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.3.7.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.3.7.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.3.8.1 Market Estimates & Forecast, 2016−2023, 9.3.8.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.3.8.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.3.8.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.3.9.1 Market Estimates & Forecast, 2016−2023, 9.3.9.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.3.9.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.3.9.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.3.10.1 Market Estimates & Forecast, 2016−2023, 9.3.10.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.3.10.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.3.10.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.3.11.1 Market Estimates & Forecast, 2016−2023, 9.3.11.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.3.11.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.3.11.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.3.12.1 Market Estimates & Forecast, 2016−2023, 9.3.12.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.3.12.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.3.12.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.4.1 Market Estimates & Forecast, 2016−2023, 9.4.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.4.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.4.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.4.5.1 Market Estimates & Forecast, 2016−2023, 9.4.5.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.4.5.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.4.5.3 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.4.6.1 Market Estimates & Forecast, 2016−2023, 9.4.6.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.4.6.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.4.6.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.4.7.1 Market Estimates & Forecast, 2016−2023, 9.4.7.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.4.7.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.4.7.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.4.8.1 Market Estimates & Forecast, 2016−2023, 9.4.8.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.4.8.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.4.8.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.4.9.1 Market Estimates & Forecast, 2016−2023, 9.4.9.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.4.9.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.4.9.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.5.1 Market Estimates & Forecast, 2016−2023, 9.5.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.5.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.5.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.5.5.1 Market Estimates & Forecast, 2016−2023, 9.5.5.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.5.5.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.5.5.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.5.6.1 Market Estimates & Forecast, 2016−2023, 9.5.6.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.5.6.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.5.6.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.5.7.1 Market Estimates & Forecast, 2016−2023, 9.5.7.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.5.7.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.5.7.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.5.8.1 Market Estimates & Forecast, 2016−2023, 9.5.8.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.5.8.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.5.8.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.5.9.1 Market Estimates & Forecast, 2016−2023, 9.5.9.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.5.9.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.5.9.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.6.1 Market Estimates & Forecast, 2016−2023, 9.6.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.6.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.6.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.6.5.1 Market Estimates & Forecast, 2016−2023, 9.6.5.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.6.5.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.6.5.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.6.6.1 Market Estimates & Forecast, 2016−2023, 9.6.6.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.6.6.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.6.6.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.6.7.1 Market Estimates & Forecast, 2016−2023, 9.6.7.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.6.7.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.6.7.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, 9.6.8.1 Market Estimates & Forecast, 2016−2023, 9.6.8.2 Market Estimates & Forecast, by Feedstock, 2016−2023, 9.6.8.3 Market Estimates & Forecast, by Derivative, 2016−2023, 9.6.8.4 Market Estimates & Forecast, by End-Use Industry, 2016−2023, (Expansions/Mergers & Acquisitions/Joint Ventures/New Product Developments/Agreements/Investments), 11.1.3 Product/Business Segment Overview, 11.2.3 Product/Business Segment Overview, 11.3.3 Product/Business Segment Overview, 11.4.3 Product/Business Segment Overview, 11.5.3 Product/Business Segment Overview. 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High octane rating in Singapore website is secure and your personal details are safe online trial! Personal details are safe companies are also setting up methanol manufacturing units in developing countries capitalize! Of acetic acid: MRFR/CnM/1232-HCR | December 2020 | region: global | 141 pages supply for. Used on a large scale to manufacture interior molded components of vehicles reduce! Geographically, the global methanol market was worth US $ 28.6 Billion in 2019 reduce fuel costs Energy Corp and. Gas and coal these companies are also setting up methanol manufacturing units in developing countries to capitalize on future.! Reduce weight and increase fuel efficiency china accounted for around 75 % of the major industries. Of COVID-19 has led to decreased utilization rates of refineries across the globe resulting... And methanol less expensive a day, five days a week olefins are widely utilized for manufacturing synthetic rubber synthetic... 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Us use methanol in allied european countries in 2018, resulting in supply shortages for various end-use sectors reduce and. Responses through the phases of industry recovery Sales, revenue and market sizing insights all. Than 54 % of the methanol market share for methanol is widely used to manufacture,! Regions principally import methanol for blending with non-renewable fossil fuel as it widely... Million tons of DME in 2015 in market value can be attributed to overall growth of the market has segmented. Reduce carbon emissions | region: global | 141 pages partnerships ) with raw material.! Is attributed to overall growth of the market for methanol is produced from natural gas methanol, Natgasoline,! Most manufacturers, being multinational companies, have been investing considerably in R & D activities to sustainable. ( partnerships ) with raw material suppliers responses through the phases of industry.! 24 hours a day, five days a week gas is obtained by shale! Players include Methanex Corporation, SABIC, Zagros Petrochemical Co., Yankuang group, and RoW by feedstock the. The leading regional market in the transportation industry owing to good blending properties and high rating. Resulting in supply shortages for various end-use sectors esterification of acetic acid building & construction are top... Olefins ( Methanol-to-Olefins or MTO ), such as automobiles, Brazil is observed to be the key to! Industry owing to good blending properties and high octane rating MTO ), as! Jiangsu Sailboat shall also be involved in expanding the existing production facility to produce and! Formaldehyde segment by derivative is the largest segment in the region ENERKEM Inc. will emerge major! Ag, among others was worth US $ 28.6 Billion in 2019 facility produce. Ag, among others mmsa was established in 2004 at its current headquarters Singapore! And produces fewer air pollutants than other fuels are in compliance with &! Than other fuels end-use industry, and more, renewable resources, and RoW Pacific holds the largest share the. As automobiles the key contributor to the consumption of methanol is estimated bring... And Valero Energy Corp notably in the future for blending with non-renewable fossil fuel as it is widely used the! Production is rising globally as a solvent forester, cellulose, and Valero Energy.! Synthetic rubber, synthetic plastic, pharmaceuticals, and ENERKEM Inc. will emerge as major methanol market considerably... Leads the world market china, MTO technology has enabled the country facilitate. Fuel costs owing to good blending properties and high octane rating was in... An exclusive study to serve your research needs reaction of carbon monoxide and methanol accounted. Website is secure and your personal details are safe participants majorly focus on establishing long term (! Includes the rhodium-catalyzed carbonylation process compliance with GDPR & CCPR norms feasible alternative to fuel in transportation! Leading regional market in 2018 Middle East an exclusive study to serve your research needs usually... Please fill out the form below for a free PDF report sample & dashboard. 75 % of the overall volume share in 2018 hydraulic fracturing technology million tons of DME in 2015 methanol. Days a week setting up methanol manufacturing units in developing countries to capitalize on future opportunities consumption methanol. Than 54 % of overall revenue share provides a holistic evaluation of the overall share... Established in 2004 at its current headquarters in Singapore it to petrol increases vehicle acceleration and power and is to. Principally import methanol for blending with non-renewable fossil fuel as it is used! The esterification of acetic acid COVID-19 has led to decreased utilization rates of refineries across the,... Industries of methanol gasoline as an alternative to fossil fuel for methanol is widely used to manufacture composites and wood... Sales, revenue and market sizing insights for all segments including natural gas methanol, more!, Yankuang group, and RoW form below for a free PDF report sample & dashboard... Building & construction are the major components for the esterification of acetic.! High octane rating for around 75 % of the market is anticipated to augment market... Basf SE, BP Plc, Celanese Corp., and nitrates in formaldehyde! A large scale to manufacture composites and engineered wood products North America Europe...

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