Your CatalystTo a Lucrative Business Methanol Market Share, Size, Analysis, Growth, Regional Outlook, Strategies, Trends and Forecasts to 2024 | Hexa Research "Methanol Market Size To Reach USD 100.3 Billion By 2024." The global Methanol Market is estimated to reach USD 100.3 billion by 2024, primarily driven by its widespread of applications in adhesives, paints, and plastics. Asia Pacific is the fastest growing market in terms of volume, growing at a CAGR of 8.6% and is expected to maintain its dominance over the forecast period. The rise in demand for petrochemicals and the advancement of new industrial segments are projected to offer new opportunities for the methanol market during the forecast period. In Asia Pacific region, China is the largest and the fastest growing market and is expected to show the same trend over the forecast period due to the abundance of coal and natural gas available in China. The growth of methanol market is mainly due to the rise in demand for clean burning fuel and fuel substitutes such as biodiesel. Additionally, increase in R&D activities for the usage of methanol as an alternative to gasoline products for vehicles is projected to drive the demand for methanol. Browse Details of Report @ https://www.hexaresearch.com/research-report/methanol-market Follow Us: Your CatalystTo a Lucrative Business Methanol by-products like formaldehyde, acetic acid, DME, gasoline is utilized in several industrial applications such as construction & building, production of petrochemicals, pharmaceuticals, synthesis of chemicals and in the automotive sector. Formaldehyde dominated the global market contributing to USD 6.2 billion in 2016. Formaldehyde is used to produce wood products such as plywood and adhesives. The high demand for formaldehyde is owing to its high purity, low cost, and the abundant use of formaldehyde in various chemical reactions. Acetic acid and formaldehyde are widely used by -products of methanol. DME and fuel blending have also been recognized as enormously profitable application areas such as clean fuel for transportation, cooking, heating and power generation and is expected to record a 9.0% CAGR during the forecast period. With diminishing crude oil reserves, demand for substitute transportation fuel has s timulated the market for blended and clean fuel such as methanol and its derivatives. It is a potential replacement for traditional transportation fuel such as diesel and petrol, which is projected to fuel the market for methanol over the forecast period. However, with the availability of cheap and low-cost substitutes and alternatives of methanol such as bio ethanol or ethanol fuel, which bounds the methanol consumption, and constant fluctuation in the prices of crude oil would impact the affordability of the chemical, and its derivatives can hinder the growth of the methanol industry during the forecast period. Hexa Research has segmented the global methanol market based on end-use and region: Segmentation by End-Use, 2014 - 2024 (Kilo Tons) (USD Million) • Formaldehyde • Acetic Acid • MTBE • DME • Fuel blending • MTO • Biodiesel • Others Segmentation by region, 2014 - 2024 (Kilo Tons) (USD Million) • North America • U.S. • Canada • Europe • Germany • France • U.K. • Asia Pacific • China • India • Japan • Middle East & Africa • South Africa Follow Us: Your CatalystTo a Lucrative Business • Rest of Middle East & Africa • Latin America • Brazil Key players analyzed: • Badische Anilin- und Soda-Fabrik • Zagros Petrochemical Company • Methanol Holdings Trinidad Limited • Mitsui & Co., Ltd • Celanese Corporation • Petroliam Nasional Berhad • Saudi Arabia Basic Industries Corporation • Methanex Corporation • Mitsubishi Gas Chemical Co., Inc. • Valero Marketing and Supply Company Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/bulkchemicals-industry Follow Us: Your CatalystTo a Lucrative Business Table of Content of Methanol Market Chapter 1. Market Summary 1.1. Market trends & movement Chapter 2. Methanol Market Trends: Drivers & Opportunities 2.1. Introduction 2.2. Key industry trends 2.3. Market drivers 2.4. Market restraints 2.5. Value chain analysis 2.6. Porter's Five Forces analysis 2.7. SWOT Chapter 3. Methanol Market Trends, By End Use 3.1. Global Methanol market movement, by end use, 2016 & 2024 3.1.1. Formaldehyde 3.1.1.1. Market estimates and forecast, 2014 - 2024 (Kilo Tons) (USD Million) 3.1.2. Acetic Acid 3.1.2.1. Market estimates and forecast, 2014 - 2024 (Kilo Tons) (USD Million) 3.1.3. MTBE 3.1.3.1. Market estimates and forecast, 2014 - 2024 (Kilo Tons) (USD Million) 3.1.4. DME 3.1.4.1. Market estimates and forecast, 2014 - 2024 (Kilo Tons) (USD Million) 3.1.5. Fuel Blending 3.1.5.1. Market estimates and forecast, 2014 - 2024 (Kilo Tons) (USD Million) 3.1.6. MTO 3.1.6.1. Market estimates and forecast, 2014 - 2024 (Kilo Tons) (USD Million) 3.1.7. Biodiesel 3.1.7.1. Market estimates and forecast, 2014 - 2024 (Kilo Tons) (USD Million) 3.1.8. Others 3.1.8.1. Market estimates and forecast, 2014 - 2024 (Kilo Tons) (USD Million) Chapter 4. Methanol Market Trends, By Region 4.1. Global Methanol market movement, by region, 2016 & 2024 4.1.1. North America 4.1.1.1. Market estimates and forecast, 2014 - 2024 (Kilo Tons) (USD Million) 4.1.1.2. Market estimates and forecast, by end use, 2014 - 2024 (Kilo Tons) (USD Million) Follow Us: Your CatalystTo a Lucrative Business 4.1.2. Europe 4.1.2.1. Market estimates and forecast, 2014 - 2024 (Kilo Tons) (USD Million) 4.1.2.2. Market estimates and forecast, by end use, 2014 - 2024 (Kilo Tons) (USD Million) 4.1.3. Asia Pacific 4.1.3.1. Market estimates and forecast, 2014 - 2024 (Kilo Tons) (USD Million) 4.1.3.2. Market estimates and forecast, by end use, 2014 - 2024 (Kilo Tons) (USD Million) 4.1.4. Central & South America 4.1.4.1. Market estimates and forecast, 2014 - 2024 (Kilo Tons) (USD Million) 4.1.4.2. Market estimates and forecast, by end use, 2014 - 2024 (Kilo Tons) (USD Million) 4.1.5. Middle East & Africa 4.1.5.1. Market estimates and forecast, 2014 - 2024 (Kilo Tons) (USD Million) 4.1.5.2. Market estimates and forecast, by end use, 2014 - 2024 (Kilo Tons) (USD Million) Chapter 5. Competitive Landscape 5.1. Competitive landscape analysis, 2016 5.2. Strategic framework 5.3. Potential customer base concentration 5.4. Company market positioning 5.5. Company profiles 5.5.1. Badische Anilin- und Soda-Fabrik 5.5.1.1. Company Overview 5.5.1.2. Product Benchmarking 5.5.1.3. Financial Performance 5.5.1.4. Recent Initiatives 5.5.2. Zagros Petrochemical Company 5.5.2.1. Company Overview 5.5.2.2. Product Benchmarking 5.5.2.3. Financial Performance 5.5.2.4. Recent Initiatives 5.5.3. Mitsui & Co., Ltd 5.5.3.1. Company Overview 5.5.3.2. Product Benchmarking 5.5.3.3. Financial Performance 5.5.3.4. Recent Initiatives 5.5.4. Celanese Corporation 5.5.4.1. Company Overview 5.5.4.2. Product Benchmarking Follow Us: Your CatalystTo a Lucrative Business 5.5.4.3. Financial Performance 5.5.4.4. Recent Initiatives 5.5.5. Petroliam Nasional Berhad 5.5.5.1. Company Overview 5.5.5.2. Product Benchmarking 5.5.5.3. Financial Performance 5.5.5.4. Recent Initiatives 5.5.6. Saudi Arabia Basic Industries Corporation 5.5.6.1. Company Overview 5.5.6.2. Product Benchmarking 5.5.6.3. Financial Performance 5.5.6.4. Recent Initiatives 5.5.7. Methanex Corporation 5.5.7.1. Company Overview 5.5.7.2. Product Benchmarking 5.5.7.3. Financial Performance 5.5.7.4. Recent Initiatives 5.5.8. Mitsubishi Gas Chemical Co., Inc. 5.5.8.1. Company Overview 5.5.8.2. Product Benchmarking 5.5.8.3. Financial Performance 5.5.8.4. Recent Initiatives 5.5.9. Valero Marketing and Supply Company 5.5.9.1. Company Overview 5.5.9.2. Product Benchmarking 5.5.9.3. Financial Performance 5.5.9.4. Recent Initiatives 5.5.10. List of other vendors Chapter 6. Methodology and Scope 6.1. Research methodology 6.2. Research Scope & Assumptions 6.3. List of data sources Follow Us: Your CatalystTo a Lucrative Business About Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives. Contact Us: Ryan Shaw Hexa Research Felton Office Plaza 6265 Highway 9 Felton, California 95018 United States Phone: +1-800-489-3075 Email: sales@hexaresearch.com Website - http://www.hexaresearch.com/ Follow Us:
The global methanol market is estimated to reach USD 100.3 billion by 2024, primarily driven by its widespread of applications in adhesives, paints, and plastics.
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