Global Methanol Market accounted for US$ 3.45 billion in 2020 and is estimated to be US$ 5.77 billion by 2030 and is anticipated to register a CAGR of 5.30%. Methanol fuel is an alternate biofuel for combustion and other engines, either together with gasoline or independently. Methanol is a smaller amount expensive to supply sustainably than ethanol fuel, although it's generally more toxic and has lower energy density. For optimizing engine performance and fuel availability, however, a mix of ethanol, methanol and petroleum is probably going to be preferable to using any of those alone. Methanol could also be made up of hydrocarbon or renewable resources, especially gas and biomass respectively. It also can be synthesized from carbon dioxide and hydrogen. Methanol fuel is currently employed by racing cars in many countries but has not seen widespread use otherwise.
The report " Global Methanol Market, By Feedstock (Natural Gas, Coal, and Oil), By Application (Pharmaceutical, Automotive, Paints, Solvents, and Packaging), By Derivatives (Formaldehyde, Dimethyl Ether, Gasoline, Chloromethane, MTBE/TAME, and Acetic Acid), and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa) - Trends, Analysis and Forecast till 2029”
Key Highlights:
- In 2021, GAIL India’s top company will foray into hydrogen generation and take the acquisition route to scale up its renewable energy portfolio as it pivots business beyond natural gas to align with energy transition being witnessed across the globe.
Analyst View:
Increasing adoption of renewable methanol as an alternative energy source is a major factor drive growth of the Global Methanol Market. In addition, rising environmental concerns associated with the high emission of carbon-di-oxide by use of non0-renewable fossil fuels is a factor driving demand for renewable source of energy and in turn fuelling growth of the global market. Furthermore, growing demand for renewable methanol by various industries such as paint and coating, chemical, and automotive is another factor boosting growth of the Global Methanol Market.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Methanol Market, By Feedstock (Natural Gas, Coal, and Oil), By Application (Pharmaceutical, Automotive, Paints, Solvents, and Packaging), By Derivatives (Formaldehyde, Dimethyl Ether, Gasoline, Chloromethane, MTBE/TAME, and Acetic Acid), and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa) - Trends, Analysis and Forecast till 2029 "
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Key Market Insights from the report:
The Global Methanol Market accounted for US$ 3.45 billion in 2020 and is estimated to be US$ 5.77 billion by 2030 and is anticipated to register a CAGR of 5.30%. Global methanol market has been segmented on the basis of feedstock, applications, derivatives and region.
- By Feedstock, the Global Methanol Market is segmented into Natural Gas, Coal, and Oil.
- By Application, the market is segmented into Pharmaceutical, Automotive, Paints, Solvents, and Packaging.
- By Derivatives, the market is segmented into Formaldehyde, Dimethyl Ether, Gasoline, Chloromethane, MTBE/TAME, and Acetic Acid.
- By Region, the Global Methanol Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America holds the largest share in the renewable methanol market.
Competitive Landscape:
The Key players operating in the global methanol market includes Methanex corporation, Methanol Holdings (Trinidad) Ltd, SABIC, PETRONAS chemicals Group Berhad, LyondellBasell Industries Holdings BV, Mitsubishi Gas Chemical Company Inc., Simalin Chemical Industries Limited, Solventis, Celanese Corporation, Antig Technology Co. Ltd., and China XLX Fertilizer Ltd.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
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Some Important Points Answered in this Market Report Are Given Below:
- Explains an overview of the product portfolio, including product development, planning, and positioning
- Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
- Detailed analysis of the market revenue over the forecasted period.
- Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
- Study on the segments that are anticipated to dominate the market.
- Study on the regional analysis that is expected to register the highest growth over the forecast period
Key Topics Covered
- Introduction
- Study Deliverables
- Study Assumptions
- Scope of the Study
- Research Methodology
- Executive Summary
- Opportunity Map Analysis
- Market at Glance
- Market Share (%) and BPS Analysis, by Region
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Investment Analysis
- Competitive Analysis
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The growing technological developments and research advancements are contributing to the expansion of the market, according to the latest report published by Reports and Data.
The report offers significant insight into key elements of the market, such as drivers, restraints, challenges, strategic expansions, market size and share, growth prospects, threats.
The report also sheds light on the factors influencing the growth of the market, particularly the ongoing COVID-19 pandemic.
The report discusses in detail the extensive impact of the COVID-19 pandemic on the supply chain, demands, trends, and overall dynamics of the Methanol market.
It also offers a futuristic growth outlook of the Methanol market in a post-COVID-19 scenario.To get a sample PDF copy of the report, visit @ https://www.reportsanddata.com/sample-enquiry-form/2393Competitive Landscape:The report offers a comprehensive overview of the competitive landscape of the market to provide an advantage to the reader.
The report also sheds light on mergers and acquisitions, joint ventures, collaborations, partnerships, and agreements, among others, to offer a better understanding of the market.
