Methanol Market Share, Size, Trends, Growth, Region By Demand | Industry Report By 2023

Global Methanol Market Report | Industry Trends and Forecast by 2023

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Report Description and Highlights

Report Description

Methanol Market Report By Application (Formaldehyde, Dimethyl Ether, Gasoline, Chloromethane, MTBE/TAME and Others), Distribution Channel, Region The global methanol market has seen rapid growth, owing to its increasing applications in energy and chemical sectors. Some of the major derivatives of methanol include formaldehyde, acetic acid, gasoline and TAME/MTBE. Market Overview: According to IMARC Group’s new report, titled “Methanol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global methanol market has reached a value of US$ 20.7 Billion in 2017, exhibiting a CAGR of 9.2%% during 2010-2017. Methanol, also known as wood alcohol, is a colourless liquid produced via the reaction of syngas and hydrogen in the presence of a catalyst. It is miscible in water, alcohol, ether, ketones and most other organic solvents. Although it is poisonous to human beings, methanol has diverse applications in a number of industries.

Highlights of the global methanol market: •

Applications of methanol in the energy sector and its use in the production of chemicals are driving its demand.

Report Description and Highlights

Report Description • •

Formaldehyde represents the largest end-use industry globally.

China is the largest global producer of methanol and accounts for about half of the total production.

In the energy sector, methanol is used to manufacture Dimethyl ether (DME), a clean fuel that can be used as a substitute to propane. It is also used to manufacture Methyl tert-butyl ether (MTBE), an antiknock agent and oxygenate in gasoline engines. Moreover, it is an important component of biodiesel and is used as an alternative fuel for internal combustion. In the chemical sector, it is used to produce formaldehyde and acetic acid, which are further used in the production of adhesives, paints, plywood, solvents, foams, plastics, explosives, antifreeze, etc. Other applications of methanol are in fuel cells, gasoline blending, alcohol denaturation, wastewater treatment, methanol-to-olefins and methanol-togasoline conversions. Owing to the extensive applications of methanol in energy and chemical sectors, the global methanol market is further expected to reach a value of US$ 45.0 Billion by 2023, growing at a CAGR of around 13.8% for 2018-2023.

Methanol Market Segmentation: Performance of Application For more information, click https://www.imarcgroup.com/methanol-technical-material-market-report

here:

Market Forecast

Sample Figure: Global: Methanol Market Forecast: Volume Trends (in Million Tons), 2018-2023

184.3

191.7

199.3

207.3

2018

2019

2020

2021

215.6

224.2

2022

2023

Market Segmentation

Report Description o o o o o o o

Formaldehyde Dimethyl Ether Gasoline Chloromethane MTBE/TAME Acetic Acid Others

On the basis of end-use, formaldehyde represents the largest industry, followed by gasoline, acetic acid, chloromethane, Dimethyl Ether and TAME/MTBE. Performance of Key Regions o o o o o o

China Asia Pacific (Excluding China) Europe North America Latin America Middle East and Africa

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Market Segmentation

Report Description

On the basis of region, China is the largest and fastest growing market in terms of global production. Other important regions include Asia-Pacific (excluding China), North America, Latin America, Europe and Middle East & Africa.

Major manufacturers: Some of the key players operating in global methanol market are • • • • • • •

Methanex Corporation Southern Chemical Corporation(SCC) Saudi Arabian Basic Industries Corp (SABIC) Mitsubishi Gas Chemicals (MGC) Zagros Petrochemical Company Mitsubishi Gas Chemical Petronas and Mitsui.

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Regional Segmentation

North America

Europ e

Asia- Pacific

Latin America

Middle East and Africa

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Report Description and Highlights

Report Description

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