Methanol Market to grow by USD 6.13 billion from 2022 to 2027- Technavio

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Oct 23, 2023, 15:30 ET

NEW YORK, Oct. 23, 2023 /PRNewswire/ -- The methanol market is expected to grow by USD 6.13 billion from 2022 to 2027. In addition, the growth momentum of the market will progress at a CAGR of 3.34% during the forecast period, according to Technavio. Rising demand for formaldehyde and its derivatives is notably driving the methanol market. However, factors such as Fluctuating methanol prices may impede market growth. The market is segmented by derivative type (formaldehyde, gasoline, acetic acid, DME, and MTO/MTP and others), end-user (automotive, construction, paints and coatings, electronics, and others), and geography (APAC, Europe, North America, Middle East and Africa, and South America). We provide a detailed analysis of 20 companies operating in the methanol market including BASF SE, Celanese Corp., Coogee, Eni SpA, GNFC Ltd., INEOS Group Holdings SA, LyondellBasell Industries N.V., Methanex Corp., Mitsubishi Gas Chemical Co. Inc., MITSUI and CO. LTD., Oberon Fuels Inc., OCI NV, PETRONAS Chemicals Group Berhad, Proman GmbH, Saudi Arabian Oil Co., Simalin Chemical Industries Pvt. Ltd., Thermo Fisher Scientific Inc., Zagros Petrochemical Co., Chevron Corp., and ENERKEM Inc..The report offers an up-to-date analysis of the market, and to know the exact growth variance and the Y-O-Y growth rate, Request a FREE Sample Report.

Technavio has announced its latest market research report titled Global Methanol Market 2023-2027

Methanol Market 2023-2027: Company Analysis

BASF SE - The company offers methanol as biofuels the main applications are MTBE, DME biodiesel production, and gasoline blending.

This report provides a full list of key companies, their strategies, and the latest developments. Buy Now for detailed company information

Methanol Market 2023-2027: Segmentation

Derivative Type

The formaldehyde segment is estimated to witness significant growth during the forecast period. In the manufacture of rubber and adhesives, formaldehyde is mostly used. In addition, formaldehyde-based resins are widely used in the construction industry to manufacture building materials such as insulation foams, laminates, and fiberboards.

end-user (automotive, construction, paints and coatings, electronics, and others)

Geography

APAC is estimated to contribute 74% to the growth of the global market during the forecast period. One of the main factors that have driven growth in this region is the growing demand for methanol and its derivatives from sectors such as construction, car manufacturing, textile production, and furniture. In addition, given the development of the market and fierce competition among countries in the APAC region, a shift is taking place towards the APAC markets.

Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View FREE PDF Sample Report

Methanol Market 2023-2027: Key Highlights

Historic Market Size 2017-2021
CAGR of the market during 2023-2027
Detailed information on factors that will assist methanol market growth during the next five years
Estimation of the methanol market size and its contribution to the parent market
Forecasts on upcoming trends and changes in consumer behavior
The growth of the methanol market
Analysis of the competitive landscape and detailed information on companies
Comprehensive details of factors that will impede the growth of methanol market companies

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ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Derivative Type

Market Segmentation by End-user

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio