Methanol Market is projected to reach USD 54.16 billion by 2021, registering a CAGR of 12.4% between 2016 and 2021. Increasing demand of methanol from the end-use industries, such as automotive and construction is the major driver for methanol market. The automotive and construction industries is growing in the emerging markets of Asia-Pacific such as, China, India, and the other Southeast Asian countries.
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Methanol is used widely in the automotive industry. Methanol can be blended with gasoline and used in the internal combustion engines of vehicles and aircrafts, with similar efficiency to diesel engines.
Earlier, methanol was also used as an anti-freezing agent in the car’s cooling system, but then it has been replaced with more effective alternatives such as propylene or ethylene glycol.
However, it is still popular as a windshield water fuel.
1 Attractive Opportunities in the Methanol Market
2 Methanol Market, By Derivatives
3 Methanol Market Share, 2015
4 Methanol: Market Attractiveness
5 Methanol Market: Developing vs. Developed Nations
6 Lifecycle Analysis, By Region
Asia-Pacific is the most favorable market for chemicals, power, and fuels and is anticipated to be the same in the near future. The continuous rise in the production of methanol for energy consumption within the region and for exports drives a huge demand for the feedstocks.
The growing demand for bio-fuels and the rising policies including controlled emission, environment friendly products, has led to innovation and developments in the industry, making Asia-Pacific, a strong methanol derivative, and sub-derivative chemicals hub globally.
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This study has been validated through primary interviews with various industry experts globally. The break-up profile of primary discussion participants is given here Tier 1 (25%); Tier 2 (33%) and Tier 3 (42%) companies were contacted for interviews.
The interviews were conducted with various key people such as Managers (37%), Consultants (13%), Directors (10%), and Sales Executive (40%) from various key organizations. The primary interviews were conducted worldwide covering regions such as Asia-Pacific (30%), Europe (27%), North America (25%), and Latin America & Middle East & Africa (18%).
These stakeholders include:
- Methanol manufacturers
- Methanol traders
- Distributors and suppliers
- End-use market participants of different segments of methanol
- Government and research organizations
- Associations and industrial bodies
- Research and consulting firms
- R&D institutions
- Environment support agencies
- Investment banks and private equity firms
The report also includes company profiles and competitive strategies adopted by the key market players, such as Methanex Corporation (Canada), SABIC (Saudi Arabia), PETRONAS (Malaysia), Mitsubishi Gas Chemical Company (Japan), and Mitsui & Co., Ltd. (Japan).
Ask for a copy of Methanol Market by Feedstock (Natural Gas and Coal), Derivative (Formaldehyde, MTO/MTP, Gasoline, MTBE, and MMA), Sub-derivative (UF/PF Resins and Olefins), End-Use Industry (Construction, Automotive, and Electronics) and by Region - Global Trends & Forecasts to 2021 at www.rnrmarketresearch.com/contacts…ount?rname=636027 .
The report offers market estimations and projections till 2021 and offers a complete study of the market dynamics. In addition, the report provides the competitive landscape with major growth strategies adopted by the key players.
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