Methanol Market Key Players:
Eastman Chemical Company (U.S.), Celanese Corporation (U.S.), RIMA Group (Brazil), BASF SE (Germany), Atlantic Methanol Production Company LLC (U.S.), Methanex Corporation (Chile), DuPont (U.S.), MITSUBISHI GAS CHEMICAL COMPANY, INC (Japan), MITSUI & CO., LTD. (Japan), Zagros Petrochemical Company (ZPC) (Iran), and Methanol Holdings (Trinidad) Limited (Trinidad and Tobago) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global methanol market.
Methanol Market Introduction:
Methanol Market is expected to touch more than USD 61 Billion by 2023 with a CAGR of around 7.5%.
Methanol has many industrial applications and is also found in a number of household products including varnishes, antifreeze, windscreen wash, and fuel for model aircraft. Every day approximately 225 Million Litres of methanol is used globally. Methanol is used to produce other chemical derivatives, which in turn are used to produce thousands of products that touch our daily lives.
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Methanol Market Segmentation:
Methanol market has been segmented by feedstock, derivative, end-use industry, and region.
Based on feedstock, the market has been segmented into natural gas, oil, coal, renewable resources, and others.
Based on derivative, the market has been segmented into formaldehyde, acetic acid, dimethyl ether, gasoline, solvents, methanol to olefins, methyl tart butyl ether, methyl methacrylate, and others.
Based on end-use industry, the market has been segregated into transportation, building and construction, electrical and electronics, packaging, paints and coatings, pharmaceuticals, water treatment, and others.
Based on region, the market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Methanol Market Regional Analysis:
Geographically, Asia-Pacific region holds the major portion of global methanol market. China is the leading country in the market owing to growing olefins production in methanol plants. Increasing consumption of the product in construction, automotive, paints & adhesives, pharmaceutical and electronics has boosted the methanol market demand in China, India, Japan and Malaysia. North America has witnessed significant growth owing to ample availability of natural gas reserves. Additionally, the European region has witnessed a stagnant growth due to insufficient raw materials available in the market. Therefore, the manufacturing units are shifted from Europe to developing countries owing to low labour costs.
Methanol Market Competitive Analysis:
Methanol Market appears to be competitive with the presence of several large and small players operating in the global market. These major players are competing in the market on the basis of price, type, quality, technology and innovation. Methanol market is augmented to grow at a higher growth and likely to attract many entrants in the market resulting in to healthy competition in the future. Manufacturers operating in the methanol market are striving to respond to the growing demand for the product in automotive, construction, aviation and others. They ensure to produce best quality products based on derivatives, efficiency, performance and factors that are trending in the market.
Methanol Industry has undergone dramatic changes in the past 15 years. These changes have included a shift in regional demand dominance, the development of new end uses, and the emergence of new production centres. These factors have resulted in new trade flows, pricing and economic dynamics which have previously not existed in the industry with closer links to other chemical product areas, adding further complexity in determining market direction.
Methanol Market Table of Content:
1 Executive Summary
2 Scope of The Report
3 Market Research Methodology
4 Market Landscape
5 Market Dynamics of Global Methanol Market
Methanol Market Table of Content to be Continue….,
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