Which region holds the largest share in the global methanol market? 7.10 Others, 7.10.1 Market Estimates & Forecast, 2016−2023, 7.10.2 Market Estimates & Forecast, by Region, 2016−2023, 8. This rise in market value can be attributed to overall growth of the automotive industry globally. Methanol is widely used to manufacture biodiesel, which is biodegradable, safe, and produces fewer air pollutants than other fuels. Natural gas is obtained by drilling shale and other sedimentary rocks under high pressure using hydraulic fracturing technology. Global Methanol Market, by Derivative, 7.2.1 Market Estimates & Forecast, 2016−2023, 7.2.2 Market Estimates & Forecast, by Region, 2016−2023, 7.3.1 Market Estimates & Forecast, 2016−2023, 7.3.2 Market Estimates & Forecast, by Region, 2016−2023, 7.4.1 Market Estimates & Forecast, 2016−2023, 7.4.2 Market Estimates & Forecast, by Region, 2016−2023, 7.5.1 Market Estimates & Forecast, 2016−2023, 7.5.2 Market Estimates & Forecast, by Region, 2016−2023, 7.6.1 Market Estimates & Forecast, 2016−2023, 7.6.2 Market Estimates & Forecast, by Region, 2016−2023, 7.7.1 Market Estimates & Forecast, 2016−2023, 7.7.2 Market Estimates & Forecast, by Region, 2016−2023 The new report by Expert Market Research titled, ‘Global Methanol Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025′, gives an in-depth analysis of the global methanol market, assessing the market based on its segments like end uses and major regions.The report tracks the latest trends in the industry and studies their impact on the overall market. Methanol, a common name for methyl alcohol is a commodity chemical used in numerous applications directly or further modified chemically to manufacture a variety of other chemical compounds. iCrowdNewswire Nov 25, 2020 11:33 AM ET. Asia-Pacific (China, Japan, … 5 Market Dynamics 5.1 Market Driver Analysis 5.2 Market Restraint Analysis 5.3 Industry Challenges 5.4 Industry Opportunities 6 Global Methanol Market Analysis 6.1 Figure: Global Methanol Historical Market (2016-2020) & Forecast (2021-2026) 6.2 Chart: Global Methanol Market Breakup by End Use 6.2.1 Formaldehyde China also produced 3.8 million tons of DME in 2015. China is also the largest consumer of methanol fuel and has numerous provinces developing fuel standards ranging from M5 (95% gasoline and 5% methanol) to M100. The global methanol market has been segmented, by derivative, into formaldehyde, acetic acid, dimethyl ether, gasoline, solvents, methanol to olefins, and others. for the forecast years. Global Renewable Methanol Market Share (%) in terms of Value, By Region, in 2019 Europe region dominated the global renewable methanol market in 2019, accounting for 29.4% share in terms of value, followed by … In China, MTO technology has enabled the country to facilitate its plastic manufacturing processes using alternatives, such as natural gas and coal. The report "Methanol Market by Feedstock (Natural Gas, Coal), Derivative (Formaldehyde, MTO/MTP, Gasoline, MTBE, MMA), Sub-Derivative (UF/PF Resins, Olefins), End-use Industry (Construction, Automotive), and Region - Global Forecasts to 2025", The global methanol market size is expected to grow from USD 24.0 … Additionally, the Indian government is planning to commercialize the use of coal-based methanol in heavy commercial vehicles such as trucks and buses instead of diesel due to cost-effectiveness. Additionally, the Indian government is planning to commercialize the use of coal-based methanol in heavy commercial vehicles such as trucks and buses instead of diesel due to cost-effectiveness. This industry analysis provides market share and market sizing insights for all segments including natural gas methanol, coal methanol, and more. | December 2020 Methanol (CH 3 OH), commonly known as wood alcohol, is a light, colorless and volatile liquid alcohol with a distinctive odor. Most manufacturers, being multinational companies, have been investing considerably in R&D activities to develop sustainable production methods. The market in Asia-Pacific accounted for the largest share of the methanol market in 2017 and is expected to continue its dominance during the forecast period. This website is secure and your personal details are safe. China accounted for around 75% of the total methanol production in the region. The global methanol market has been segmented, by derivative, into formaldehyde, acetic acid, dimethyl ether, gasoline, solvents, methanol to olefins, and others. MI member Methanol Market Services Asia (MMSA) has provided its most recent historic methanol market assessment of key global pricing and supply/demand figures. FIGURE 1 Global Methanol Market Segmentation, FIGURE 3 Five Forces Analysis of Global Methanol Market, FIGURE 4 Value Chain of Global Methanol Market, FIGURE 5 Share of Global Methanol Market in 2017, by Country (%), FIGURE 6 Global Methanol Market, 2016−2023, FIGURE 7 Global Methanol Market Size, by Feedstock, 2017, FIGURE 8 Share of Global Methanol Market, by Feedstock, 2016−2023, FIGURE 9 Global Methanol Market Size, by Derivative, 2017, FIGURE 10 Share of Global Methanol Market, by Derivative, 2016−2023, FIGURE 11 Global Methanol Market Size, by End-Use Industry, 2017, FIGURE 12 Share of Global Methanol Market, by End-Use Industry, 2016−2023. Global Methanol Market to Reach 136.2 Million Tons by 2027 Amid the COVID-19 crisis, the global market for Methanol estimated at 103.6 Million Tons in the year 2020, is projected to reach a revised size of 136.2 Million Tons by 2027, growing at a CAGR of 4% over the analysis period 2020-2027. According to a new study by Transparency Market Research (TMR), the global market for methanol is likely to have a steady growth during 2017-2026. For this study, Grand View Research has segmented the global methanol market report based on application and region: Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025), Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025), We never share your personal data. This was due to the increasing demand for vehicles development and mounting demand for consumer goods such as automobiles. The increasing use of methanol as a fuel in automobiles due to improved engine performance and enhanced fuel efficiency is expected to drive the growth of the global market. (2020-2026) Methanol Market Share and Growth | Celanese, BASF, Methanex QY Research has Published Latest Trending Report on Global Methanol Market Los Angeles, United State, – The report titled Global Methanol Market is one of the most comprehensive and important additions to QY Research’s archive of market … The report will account for Covid19 as a key market contributor. The global methanol market was worth US$ 28.6 Billion in 2019. Methyl tert-butyl ether is usually preferred over ethanol due to its ease of transportation as well as enhanced performance in reducing formaldehyde in gasoline. According to the Methanol Institute around 200 water treatment facilities in the US use methanol in the dentrification process. This report covers COVID-19 impact analysis on Methanol Market Natural gas and coal are the major feedstock for the production of met… Formaldehyde resins are used on a large scale to manufacture interior molded components of vehicles to reduce weight and increase fuel efficiency. DME is used as a fuel (diesel) in the passenger vehicle and aerosol propellant and is also blended in Liquefied Natural Gas (LNG). The global methanol market size was estimated at USD 31.81 billion in 2018 and is projected to accelerate at a CAGR of 2.9% from 2019 to 2025. For instance, the Netherlands has a total capital investment of USD 246 million to convert 360,000 tons of waste into 270 million liters of green methanol. Global Methanol Market, by End-Use Industry, 8.2.1 Market Estimates & Forecast, 2016−2023, 8.2.2 Market Estimates & Forecast, by Region, 2016−2023, 8.3.1 Market Estimates & Forecast, 2016−2023, 8.3.2 Market Estimates & Forecast, by Region, 2016−2023, 8.4.1 Market Estimates & Forecast, 2016−2023, 8.4.2 Market Estimates & Forecast, by Region, 2016−2023, 8.5.1 Market Estimates & Forecast, 2016−2023, 8.5.2 Market Estimates & Forecast, by Region, 2016−2023, 8.6.1 Market Estimates & Forecast, 2016−2023, 8.6.2 Market Estimates & Forecast, by Region, 2016−2023, 8.7.1 Market Estimates & Forecast, 2016−2023, 8.7.2 Market Estimates & Forecast, by Region, 2016−2023, 8.8.1 Market Estimates & Forecast, 2016−2023, 8.8.2 Market Estimates & Forecast, by Region, 2016−2023 The countries in these regions principally import methanol for blending with non-renewable fossil fuel. Methanol is widely used for the esterification of acetic acid. 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