Global Methanol Market - Segmented by Feedstock, Derivatives, Sub-Derivatives, End-User Industry, and Geography – Growth, Trends and Forecasts (2017 - 2022)
The market (henceforth referred to as the global market, unless specified otherwise) was valued USD 31.02 billion (revenue) and XX kilo tons (volume) in 2016. The global market is valued at USD XX.XX million (revenue) and XX.XX kilo tons (Volume ) in 2017 and is projected to reach USD XX.XX million by 2022, at a CAGR of X.XX% during 2017 to 2022 (henceforth referred to as the forecast period).Methanol industry has experienced an explosive growth primarily in China and the United States in recent years owing to significant developments in shale gas, which contributed to the reduction in natural gas prices. Further, new markets and applications are on the rise for methanol, with methanol to light olefins production, methanol to gasoline conversion, increased use of methanol as a fuel, growing petrochemicals demand, and development of new production sectors; these factors will provide immense opportunities for the growth of the methanol industry, globally. However, the market faces certain drawbacks, such as the use of ethanol fuel or bio ethanol, which limit the consumption of methanol, and the fluctuating crude oil prices affect the affordability of methanol derivatives. These factors may act as a roadblock to the growth of the market.The global market has been segmented, by feedstock, into includes coal, natural gas, and few other feedstock. The methanol market is also broadly segmented, by derivatives, into formaldehyde, gasoline, methanol-to-olefins (MTO)/methanol-to-propylene (MTP), methyl tert-butyl ether (MTBE), dimethyl terephthalate (DMT), acetic acid, dimethyl ether (DME), methyl methacrylate (MMA), methylamines, tertiary amyl methyl ether (TAME), and others derivatives.Industries such as automotive, construction, electronics, paints & coatings, pharmaceuticals, agriculture, packaging and others are the end-users of methanol. The growing demand for chemicals in China, and the increasing use of methanol in the automotive and construction industries are driving the methanol market, globally.Geographically, Asia-Pacific, North America, Europe, South America, and the Middle East & Africa form the regional segments of the global market. Asia-Pacific has the highest market share, both, in terms of value and volume, accounting for more than 35% of the global market share. China is the largest and fastest growing market for methanol consumption, globally, and is expected to lead the market through 2022.Some of the major companies dominating this market for its products, services, and continuous product development include, BASF SE, BP Global, Celanese Corp., Methanex Corp., Methanol Holdings (Trinidad) Ltd., Mitsubishi Gas Chemical Co., Inc., Mitsui & Co., Ltd., Petroliam Nasional Berhad (PETRONAS) and SABIC.
Key Deliverables in the Study:
• Market analysis for the global Methanol market, with region specific assessments and competition analysis on global scale
• Market definition along with the identification of factors instrumental in changing the market scenarios and prospective opportunities
• Extensively researched competitive landscape section with profiles of major companies along with their market shares
• Identification and analysis of the macro and micro factors that affect the market
• A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
• Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.
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