Methanol Market Analysis | Recent Market Developments | Industry Forecast to 2019-2026
[154 Pages Report] Methanol Market Analysis Report on Latest Trends, Growth Factors, Key Players and more. Categorizing the global market by Type, Application, End-Use Industry, and Region.
(EMAILWIRE.COM, December 23, 2019 ) Market Overview
• Methanol is a liquid chemical with the formula CH3OH (often abbreviated MeOH). It is colorless, volatile, flammable, and poisonous. Methanol is made from the destructive distillation of wood and is chiefly synthesized from carbon monoxide and hydrogen.
• Its principal uses are in organic synthesis, as a fuel, solvent, and antifreeze.
• The global methanol market is growing at a CAGR of 4.3 % during the forecast period (2019-2026).
Download free sample: https://www.datamintelligence.com/download-sample/methanol-market
Market Dynamics
• The rising demand for petrochemical products from several industries such as packaging, textile, plastics, construction, healthcare, and transportation is one of the primary reasons for the growth of the petrochemical industry globally.
• The demand for petrochemical products such as ethylene, vinyl, styrene, propylene, benzene, xylene, butadiene, toluene, and methanol is on the rise.
• The demand for methanol is expected to increase at a rapid pace in the upcoming years owing to its end-user applications.
• Further, methanol is being successfully used as a transportation fuel in China. Owing to the increasing methanol use in filling stations and flexible fuel vehicles, various combinations of methanol ranging from M3 to M85 are being used nowadays.
• However, the concept has not gained much popularity in the US as it was introduced during a period of hastily dropping petroleum price.
• However, the methanol market is hugely competitive, and methanol-related products’ prices are affected by the demand and supply fundamentals.
• In 2015, a steep decline in crude oil and related products’ prices reduced the affordability of various energy-related applications for methanol. This factor ultimately lowered methanol prices by the end of 2015.
Market Segmentation Analysis
• On the basis of the end user, the global methanol market is segmented into automotive, construction, electronics, paints and coatings, and others. Of these, the automotive sector was the largest end-use industry of the global market in 2017.
• The increasing usage of methanol in the automotive industry, primarily owing to its use in internal combustion engines (with similar efficiency as diesel engines in aircraft and vehicles), has been fueling the market growth.
• Presently, methanol finds use as a fuel for transportation systems globally. Owing to its efficient combustion properties and low cost in comparison to other types of fuels, its demand is expected to increase during the forecast period.
• Further, the demand for methanol in the construction industry is expected to increase during the forecast period primarily driven by the formaldehyde derivative segment.
• Formaldehyde is commonly used in the production of adhesives, which are needed for manufacturing construction board products such as plywood.
Geographical Share
• Geographically, the global methanol market is segmented into North America, South America, Europe, Asia Pacific, and RoW. Of these, Asia Pacific dominated the global methanol market in 2017 and is anticipated to continue its growth trajectory during the forecast period as well.
• China is one of the critical leading countries in the Asia Pacific region, and the demand for methanol and its derivatives primarily stem from the country’s energy and petrochemicals sectors. China registers high demand for methanol-gasoline blends, which are used as transportation fuels.
• Presently, the country is expanding its capacity to meet the increasing methanol consumption rates. For instance, in September 2018, Clariant has announced the start-up of its MegaMax 800 methanol synthesis catalyst at China National Offshore Oil Corp.’s (CNOOC) China BlueChemical methanol plant in Hainan province, China.
• Further, Europe is growing at a moderate rate owing to factors such as high prices of natural gas, which make methanol noncompetitive. Germany is the largest producer of methanol in Europe.
Competitive Trends
• Major companies have adopted the agreement, product launch, expansion, and merger to sustain the intense competition in this market. The key players profiled in the report include Mitsubishi Gas Chemical Company, Inc., Celanese, NAUTICOL, BASF SE, Methanex Corporation, Clariant, Enerkem, OCI NV, Oberon Fuels., and solvadis deutschland gmbh.
View full report: https://www.datamintelligence.com/research-report/methanol-market
Enquiry before buying: https://www.datamintelligence.com/enquiry/methanol-market
About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at DataM Intelligence
Email: info@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
• Methanol is a liquid chemical with the formula CH3OH (often abbreviated MeOH). It is colorless, volatile, flammable, and poisonous. Methanol is made from the destructive distillation of wood and is chiefly synthesized from carbon monoxide and hydrogen.
• Its principal uses are in organic synthesis, as a fuel, solvent, and antifreeze.
• The global methanol market is growing at a CAGR of 4.3 % during the forecast period (2019-2026).
Download free sample: https://www.datamintelligence.com/download-sample/methanol-market
Market Dynamics
• The rising demand for petrochemical products from several industries such as packaging, textile, plastics, construction, healthcare, and transportation is one of the primary reasons for the growth of the petrochemical industry globally.
• The demand for petrochemical products such as ethylene, vinyl, styrene, propylene, benzene, xylene, butadiene, toluene, and methanol is on the rise.
• The demand for methanol is expected to increase at a rapid pace in the upcoming years owing to its end-user applications.
• Further, methanol is being successfully used as a transportation fuel in China. Owing to the increasing methanol use in filling stations and flexible fuel vehicles, various combinations of methanol ranging from M3 to M85 are being used nowadays.
• However, the concept has not gained much popularity in the US as it was introduced during a period of hastily dropping petroleum price.
• However, the methanol market is hugely competitive, and methanol-related products’ prices are affected by the demand and supply fundamentals.
• In 2015, a steep decline in crude oil and related products’ prices reduced the affordability of various energy-related applications for methanol. This factor ultimately lowered methanol prices by the end of 2015.
Market Segmentation Analysis
• On the basis of the end user, the global methanol market is segmented into automotive, construction, electronics, paints and coatings, and others. Of these, the automotive sector was the largest end-use industry of the global market in 2017.
• The increasing usage of methanol in the automotive industry, primarily owing to its use in internal combustion engines (with similar efficiency as diesel engines in aircraft and vehicles), has been fueling the market growth.
• Presently, methanol finds use as a fuel for transportation systems globally. Owing to its efficient combustion properties and low cost in comparison to other types of fuels, its demand is expected to increase during the forecast period.
• Further, the demand for methanol in the construction industry is expected to increase during the forecast period primarily driven by the formaldehyde derivative segment.
• Formaldehyde is commonly used in the production of adhesives, which are needed for manufacturing construction board products such as plywood.
Geographical Share
• Geographically, the global methanol market is segmented into North America, South America, Europe, Asia Pacific, and RoW. Of these, Asia Pacific dominated the global methanol market in 2017 and is anticipated to continue its growth trajectory during the forecast period as well.
• China is one of the critical leading countries in the Asia Pacific region, and the demand for methanol and its derivatives primarily stem from the country’s energy and petrochemicals sectors. China registers high demand for methanol-gasoline blends, which are used as transportation fuels.
• Presently, the country is expanding its capacity to meet the increasing methanol consumption rates. For instance, in September 2018, Clariant has announced the start-up of its MegaMax 800 methanol synthesis catalyst at China National Offshore Oil Corp.’s (CNOOC) China BlueChemical methanol plant in Hainan province, China.
• Further, Europe is growing at a moderate rate owing to factors such as high prices of natural gas, which make methanol noncompetitive. Germany is the largest producer of methanol in Europe.
Competitive Trends
• Major companies have adopted the agreement, product launch, expansion, and merger to sustain the intense competition in this market. The key players profiled in the report include Mitsubishi Gas Chemical Company, Inc., Celanese, NAUTICOL, BASF SE, Methanex Corporation, Clariant, Enerkem, OCI NV, Oberon Fuels., and solvadis deutschland gmbh.
View full report: https://www.datamintelligence.com/research-report/methanol-market
Enquiry before buying: https://www.datamintelligence.com/enquiry/methanol-market
About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at DataM Intelligence
Email: info@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
Contact Information:
DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results
DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results