Methanol Market, Growth, Overview, Trends, Share, Analysis, Forecast to 2030
Methanol Market – Overview
The global methanol market has seen a positive growth
over the past few years and as per MRFR analysis, the global market is expected
to witness a similar growth during the forecast period. The
global methanol market is expected to touch more than USD 61 Billion
by 2022 with a CAGR of around 7.5%.
Methanol Market – Key Players
The methanol market report consists of many large and small players making
the Methanol market highly competitive.
Some of the key players operating in this market which
are identified in the MRFR study report include BASF SE, SABIC,
Mitsubishi Gas Chemical, Mitsui & Co., Celanese Corporation, Methanex
Corporation, Reliance Industries. Other prominent players of the market
comprised of Gujarat Narmada Valley Fertilisers & Chemicals, Methanol
Holdings, and Petronas among others.
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Segmentation by Derivatives
: Comprising - Formaldehyde, Methyl Tertiary Butyl Ether (MTBE), Acetic
Acid, Dimethyl Ether (DME), Biodiesel And Others
Segmentation by Application
: Comprising - Construction, Automotive, Electronics, Paints &
Coatings, Pharmaceuticals, Chemicals and others
Segmentation by Region
: Comprising – Geographical Regions eg North America, Europe, Asia-Pacific
& RoW
The global market by derivatives is majorly driven by
the formaldehyde as it holds the largest segment in the global market.
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Methanol Market – Regional Analysis
In terms of geography, the APAC region accounted for
the highest market shares during 2016 and is likely to continue its growth
trajectory over the next four years. Much of this market’s growth in the region
is attributed to the rising demand for methanol and its derivatives
from the construction, automotive, textile, and furniture industries. China is
one of the key leading countries in APAC, and the demand for methanol and its
derivatives primarily stems from the country's energy and petrochemicals
sectors. The increasing concern for the environment has led to the
implementation of regulatory mandates on producing eco-friendly products and
emission control, which will further drive the market's growth in the region in
the next five years.
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