Global Methanol Market 2020-2024
Technavio has been monitoring the methanol market and it is poised to grow by $ 15.62 bn during 2020-2024 progressing at a CAGR of 10% during the forecast period. Our reports on methanol market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the rising demand for methanol from China and increasing demand for petrochemicals in APAC. In addition, rising demand for methanol from China is anticipated to boost the growth of the market as well.
The methanol market analysis includes end-user segment and geographic landscapes
Technavio's methanol market is segmented as below:
- Paints and coatings
By Geographic Landscapes
- North America
- South America
This study identifies the increasing adoption of the MTO technology as one of the prime reasons driving the methanol market growth during the next few years.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our methanol market covers the following areas:
- Methanol market sizing
- Methanol market forecast
- Methanol market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading methanol market vendors that include BASF SE, BP Plc, Celanese Corp., ENERKEM Inc., Eni Spa , LyondellBasell Industries NV, Methanex Corp., OCI NV, Petroliam Nasional Berhad , and Proman AG. Also, the methanol market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.