Research report covers the Methanol Market Forecasts and Growth, 2021-2030

 



The global methanol market depicts a fragmented vendor landscape, notes Transparency Market Research (TMR). This is due to the active participation of several large, medium, and small players in the market. Some of the prominent names of the companies in the global methanol market include SABIC, Methanex Corporation, Mitsubishi Chemical Holdings Corporation., and Mitsui Chemicals.  

Various uppermost companies in the global methanol market are highly investing in research and development for devising cost-effective and efficient techniques in order to produce methanol. Such strategic alliance further helps in boosting the production of methanol to a high extent. Therefore, it also serves the enormous demand for the growing applications of methanol. Other growth strategies adopted by the players to stay ahead of the competitors include mergers and acquisitions. Such joint ventures help market players in expanding their geographical boundaries along with accentuating their footprint into the global methanol market.

As per the estimation by TMR experts, the global methanol market is expected to gain an impressive value of US$131,344.3 mn by the end of 2026. Experts’ project this growth is prophesied to occur at an impressive CAGR of 5.4% during the assessment period from 2017 to 2026.

Request A Sample- https://www.transparencymarketresearch.com/pressrelease/methanol-market.htm

From the perspective of end use, the formaldehyde segment showcases the largest share in the global methanol market and is also expected to boost the market during the forecast period. This is because of its high use in a wide range of industries such as furniture, construction, textiles, coatings, and automotive. Region wise, APEJ is expected to lead the global methanol market in the coming years. This is attributed to high demand for methanol for producing olefins and rapid industrialization in the region.

global methanol market

Growing Need for Methanol-based Fuel Stokes Demand in Market

Methanol is mainly a light flammable liquid which can be manufactured through using oil, natural gas, and even renewable resources. Methanol is highly utilized as an alternative fuel due to its high octane rating and good blending properties. Such USPs are majorly driving the global methanol market. There are several methanol derivatives available in the market include acetic acid, formaldehyde, gasoline, dimethyl ether, methanol to olefins, and solvents. Rapid adoption of one of the methanol derivatives, formaldehyde in several end-use industries such as building and construction, cosmetics, automotive, personal care, and healthcare is also fueling growth in the global methanol market.

Furthermore, methanol is extensively used as a fuel in automobile industry for improving engine performance. It also helps in enhancing fuel efficiency. Rising demand for lightweight vehicles for reducing the rate of carbon emissions is another factor augmenting demand for methanol, which in turn is also boosting the global methanol market. Methanol is highly used in building and construction industry for manufacturing engineered wood products. Thus, growing commercial and residential construction activities and rising standard of living is also propelling expansion in the global methanol market.

Purchase A Report- https://www.transparencymarketresearch.com/checkout.php?rep_id=1249&ltype=S

 

High Cost of Methane Processing Hinders Market’s Growth

A major challenge hindering the growth of the global methanol market includes the high cost involved during the conversion of methane into liquid. Such limitations are obstructing methanol applications in a wide array of industries. Nonetheless, persistent demand for biofuels and bio-diesels in various automotive industries is believed to help overcome some challenges in the near future. Thus, such demand is expected to boost the global methanol market.

The review is based on a market research report by TMR, titled, “Methanol Market (Feedstock Type– Natural Gas, Coal, Others Feedstock; End Use – Formaldehyde, Acetic Acid, MTBE, MMA, Gasoline Blending, Biodiesel, Dimethyl Ether, MTO/MTP, Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2026”.

Get Trending Report- https://www.prnewswire.co.uk/news-releases/escalating-urbanization-and-increasing-purchasing-parity-continues-to-bring-handsome-prospects-for-the-decorative-laminates-market-colossal-valuation-exceeding-us-72-1-bn-by-2030-tmr-870754037.html

Chemicals and Materials Sector

Companies in the Methanol market have increasingly shifted gears with wide application of digital technology across the continuum, from raw material sourcing to manufacturing to generation of final output, to warehousing to final distribution operations. Among the various affects, the market is witnessing new growth economics due to thinning of line between specialty and commodity businesses that are associated with the larger ecosystem. At the same time, new growth parameters are being vigorously being debated as industry stakeholders put greater emphasis on the circular economy processes.         

Comments

Post a Comment

Popular posts from this blog

Compresed Fiberboard Market Size, Analytical Overview, Growth Factors, Demand, Trends And Forecast To 2027

  Compressed Fiberboard Market: Introduction ·          A compressed fiberboard is a type of engineered wood wallboard, which is composed of wood fibers, sawdust, softwood flakes, and other materials such as paper or cardboard. All these materials are mixed with synthetic resin and wax and then, compressed in a de-fibrator machine under heat to form rigid sheets. Types of Compressed Fiberboards ·          Based on density, compressed fiberboards are classified into three key types: low-density fiberboards (LDFs), medium-density fiberboards (MDFs), and high-density fiberboards (HDFs). Low-density fiberboards, also known as particle boards, primarily used for wall paneling, molding, and furniture manufacture. The density of low-density fiberboards usually ranges between 160 kg/m³ and 450 kg/m³. Particle boards are less strong and inexpensive compared to MDFs and HDFs. Low-density fiberboards are mo...
Read more

Maqui Berries Market Positive Outlook for Industry Opportunities & Trends for Expansion during 2018-2028

Image
  Maqui Berries Market: Increased Consumer Spending on Organic & Clean-Label Nutrition to Favor Gains   Maqui berries, in line with the superfast success of pomegranate products, are receiving their share of limelight, with consumers curious to leave old and try something new, particularly products that are perceived to offer more health value. From being spawned as weight support aids, to immune supporters, and energy providers, maqui berries have already gained significant hype and popularity – our research finds sales of maqui berries reached US$ 863.7 Mn in 2018.  The paradigm consumer shift towards healthy foods, coupled with growing recognition of health benefits of maqui berries among them continues to create significant opportunities for manufacturers. Though the high cost constraint of maqui berries triggers reluctance to adoption among customers, alike, high nutritional profile of this fruit continues to keep the sales flowing.  Maqui Berries Market – ...
Read more

Ink Additives Market Likely to Expand Growth Scope in the Coming Years(2018-2026)

Image
  Ink additives are materials that impart necessary characteristics to printing inks. These characteristics include protection of the finished product and smooth running on the printing press. Growth of the Packaging Industry Driving Ink Additives Market Packaging is a highly important marketing aspect that influences consumers’ purchasing decision. The packaging industry is a major consumer of printing inks. Growth of the food & beverages sector and rise in the demand for flexible packaging in the health care sector are estimated to boost the demand for ink additives in the next few years. Increase in the demand for inks in the global packaging industry is projected to drive the global ink additives market during the forecast period. The global packaging industry was valued at approximately US$ 820 Bn in 2016 and is likely to expand at a rapid pace during the forecast period. Ink additives are employed in the manufacture of all types of printing inks. Request A Sample- https:...
Read more