Global Methanol Market 2017-2021
Methanol is a volatile, colorless, toxic, and flammable liquid. It is processed using a mixture of hydrogen and carbon monoxide, which collectively, is called as synthesis gas or syngas. This syngas is produced by heating hydrocarbon-rich substances with metal catalysts. Usually, the hydrocarbon used is natural gas (methane). Currently, most methanol production facilities make use of coal and natural gas as hydrocarbon sources. Methanol is also made from feedstock such as fossil fuels, including natural gas and coal.
Technavio’s analysts forecast the global methanol market to grow at a CAGR of 11.09% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global methanol market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
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