Methanol Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026 Methanol is a liquid which is manufactured mostly through oxidization of methane or through synthesis of carbon monoxide and hydrogen. Methanol is termed as wood alcohol since it depicts properties similar to conventional fuels. Methanol is chiefly utilized as a fuel in vehicles as well as an antifreeze solution in automobiles. It is also used as a feedstock for manufacturing various products such as formaldehyde, acetic acid, MTBE, DME, and others. It is used widely in numerous other industrial applications. It is a volatile, colorless, toxic, and flammable liquid. Globally, methanol is produced at around 90 methanol plants. Most of these methanol plants are located in Asia Pacific, Latin America, North America and others. Request For Sample Copy of this Research Report :https://www.coherentmarketinsights.com/insight/request-sample/360 Methanol market is segmented on the basis of feedstock type, application, and end-use industry. On the basis of feedstock type, the market is segmented into oil & gas and coal. Oil & gas feedstock segment is expected to contribute the major market share in the global market. However, lower cost of coal has boosted coal based production of methanol. On the basis of application, methanol market is segmented into formaldehyde, acetic acid, MTBE, DME, and gasoline. Formaldehyde application segment of methanol holds major market share and is expected to dominate the overall market during the forecast period. On the basis of end-use industry, methanol market is segmented into automotive industry, construction industry, and others. Automotive end user industry segment is expected to hold leading share of methanol industry. Revalent Scenario in Methanol Market Methanol is extensively utilized at filling stations and as alternative fuel which is expected to drive the demand for methanol. Methanol is widely used at various industries such as construction, automotive, textile, and furniture industries. Increased activities in these industries have further boosted the demand for methanol across the globe. Energy and petrochemical industries have increased their production which has led to high demand for methanol in these industries. Formaldehyde and acetic acid are widely used derivatives of methanol across the globe. Natural gas is the primary source of feedstock for manufacturing methanol. Asia Pacific is the leading market for methanol across the globe. China dominates the methanol market in Asia Pacific. China has been utilizing coal as the primary source of feedstock for methanol production owing to its low cost and easy availability. Share of coal feedstock is expected to increase owing to increase in share of China in global methanol market. Future Outlook of Methanol Market Globally, various mixtures of methanol are being utilized as alternative fuel source for vehicles and other applications. This trend is expected to boost the demand for methanol. Derivatives of methanol are widely used for various industrial applications and processes which are expected to boost the demand for methanol in these industries. Applications such olefins, DME, and gasoline blending provide huge growth opportunities for methanol market. For More Information:https://tinyurl.com/yxpmkwkz About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Email: sales@coherentmarketinsights.com
Methanol Market report categorizes global market by feedstock type, application, and end use industries - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016–2024
© Copyright 2024 Paperzz
