The "Global Methanol Market Size By Feedstock, By Derivatives, By End-Use Industry, By Geographic Scope And Forecast" report has been published by Verified Market Research®. The report provides an in-depth analysis of the global Methanol Market, including its growth prospects, market trends, and market challenges.
JERSEY CITY, N.J., Sept. 26, 2023 /PRNewswire/ -- The Global Methanol Market is projected to grow at a CAGR of 2.8% from 2023 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 31.86 Billion in 2021 and is expected to reach USD 40.85 Billion by the end of the forecast period.
Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample?rid=41605
Browse in-depth TOC on "Methanol Market"
202 - Pages
126 – Tables
37 – Figures
Global Methanol Market Research Report Unveils Key Drivers, Outlook, Opportunities, Challenges, and Key Players
The global Methanol Market has been the subject of extensive research, resulting in a comprehensive report that delves into critical aspects of this dynamic industry. This report highlights key drivers, provides insights into the market outlook, identifies emerging opportunities, acknowledges challenges, and profiles key players shaping the Methanol Market landscape.
Methanol Market Drivers:
- Environmental Concerns and Alternative Fuels: Growing environmental awareness and stringent emissions regulations have fueled the use of methanol as an alternative fuel in various transportation systems, propelling Methanol Market growth.
- Expanding Petrochemical Industry: Methanol serves as a vital raw material for the petrochemical sector, driving demand as globalization opens doors for manufacturing facilities in different regions.
- Clean-Burning Marine Fuel: Methanol's cost-effective and eco-friendly attributes make it an attractive solution for the shipping industry to meet stringent emissions standards.
- Government Initiatives: Government initiatives aimed at reducing the global carbon footprint and promoting cleaner energy sources have further boosted methanol demand.
Methanol Market Outlook:
The Methanol Market is poised for substantial growth, with a CAGR projected to remain robust throughout the forecast period. The Asia Pacific region, led by China, will continue to dominate the market due to its thriving automotive and construction sectors. The expanding global petrochemical industry and the rise of methanol as a marine fuel provide a favorable outlook for market expansion.
Methanol Market Opportunities:
- Global Expansion of Petrochemical Firms: Increasing globalization offers petrochemical companies opportunities to establish manufacturing facilities in different regions, thereby augmenting methanol demand.
- Adhesives Market: Growing demand for adhesives in the furniture and consumer goods industries presents a promising avenue for methanol utilization.
Methanol Market Challenges:
- Health Concerns: Health risks associated with methanol exposure, including poisoning and severe health effects, pose challenges to market growth.
- Technological Hurdles: The development of viable and efficient technologies for methane conversion into methanol remains a challenge due to high associated costs.
Methanol Market Key Players:
The Methanol Market is influenced by several key players, including but not limited to BASF SE, Simalin Chemical Industries Limited, Celanese Corporation, Zagros Petrochemical Company, Methanex Corporation, Mitsui & Co. Ltd, Petroliam Nasional Berhad, Mitsubishi Gas Chemical Company Inc., SABIC, and Valero Marketing and Supply Company. These industry leaders are actively investing in research and development, strategic partnerships, and capacity expansions to maintain their competitive edge in the global Methanol Market.
In summary, the Methanol Market is on an upward trajectory, driven by environmental concerns, expanding petrochemical demands, and the adoption of methanol as a clean-burning marine fuel. While challenges like health concerns and technological hurdles persist, opportunities in global petrochemical expansion and the adhesives market offer promising growth prospects.
To get market data, market insights, financial statements and a comprehensive analysis of the Global Methanol Market, please Contact Verified Market Research®.
Based on the research, Verified Market Research® has segmented the global Methanol Market into Feedstock, Derivatives, End-Use Industry, And Geography.
- Methanol Market, by Feedstock
- Natural Gas
- Coal
- Others
- Methanol Market, by Derivatives
- Gasoline
- Methanol-to-Olefins/Methanol-to-Propylene (MTO/MTP)
- Formaldehyde
- Methyl Tertiary Butyl Ether (MTBE)
- Acetic Acid
- Dimethyl Ether (DME)
- Methyl Methacrylate (MMA)
- Biodiesel
- Others
- Methanol Market, by End-Use Industry
- Construction
- Automotive
- Electronics
- Appliances
- Paints & Coatings
- Insulation
- Pharmaceuticals
- Packaging (PET bottles)
- Solvents
- Others
- Methanol Market, by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
- North America
Browse Related Reports:
Power-To-X Market By Type (Power-to-NH3, Power-to-Methane, Power-to-Methanol), By End-Use Industry (Agriculture, Manufacturing, Transportation), By Geography, And Forecast
Hydrogen Generation Market By Application (Petroleum Refinery, Ammonia & Methanol production), By Generation & Delivery Mode (Captive, Merchant), By Source (Blue Hydrogen, Green Hydrogen), By Geography, And Forecast
Ethanol Market By Purity (Absolute Ethanol, Denatured Ethanol), By Source (1st Generation (Sugar & Molasses Based), 2nd generation (Grain Based)), By Geography, And Forecast
Bio Methanol Consumption Market By Product (By-Product Sourced, Waste Sourced), By Application (MTBE, DME, Gasoline Blending, Bio-diesel, Other), By Geography, And Forecast
9 Largest Oil And Gas Companies, in the USA, solving energy-related problems
Visualize Methanol Market using Verified Market Intelligence -:
Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.
VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.
About Us
Verified Market Research® is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research® provides advanced analytical research solutions while offering information-enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.
We study 14+ categories from Semiconductors & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & Construction, Agriculture industry and Medical Devices from over 100 countries.
Contact Us
Mr. Edwyne Fernandes
Verified Market Research®
US: +1 (650)-781-4080
US Toll Free: +1 (800)-782-1768
Email: [email protected]
Web: https://www.verifiedmarketresearch.com/
Follow Us: LinkedIn | Twitter
Logo: https://mma.prnewswire.com/media/2015407/VMR_Logo.jpg
SOURCE Verified Market Research
![](https://rt.prnewswire.com/rt.gif?NewsItemId=IO20391&Transmission_Id=202309261030PR_NEWS_USPR_____IO20391&DateId=20230926)
Share this article