Methanol Market- Industry Insights, Trends, Outlook and Forecast 2016-2024

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METHANOL MARKET - Global Industry Insights,
Trends, Outlook, and Opportunity Analysis,
20162024

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REPORT DESCRIPTION
Methanol Market Overview
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. 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.
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REPORT DESCRIPTION
Methanol Market Taxonomy

• The global methanol market is classified on the
  basis of the following segments
• Feedstock Type
• Oil Gas
• Coal
• Application
• Formaldehyde
• Acetic Acid
• MTBE
• DME
• Gasoline
• End-use Industry
• Automotive
• Construction
• Others

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REPORT DESCRIPTION
Prevalent 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. Request
Smaple of Methanol Market https//www.coherentmar
ketinsights.com/insight/request-sample/360
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REPORT DESCRIPTION
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. Regions such
Middle East and Africa and Latin America have
also boosted the production of methanol owing to
easy availability and low cost of natural gas in
these regions. Production of methanol in North
America has also increased owing to shale gas
boom in the region. Production cost of methanol
in North America has become competitive owing to
these factors. Excess supply of methanol in the
market and improved safety factors are expected
to further drive the demand for methanol owing
its low cost of production. Additionally, growing
demand for biofuels and strict emissions norms
are expected to further drive the demand for
methanol across the globe during the forecast
period. Asia Pacific is expected to be the
leading market for methanol during the forecast
period owing to high demand from countries such
as China, India, Japan, and others. Request to
view the table of Content https//www.coherentmar
ketinsights.com/ongoing-insight/toc/360
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