Thank you!”, “I recommend Fortune Business Insights for their honesty and flexibility. It is broadly employed as a substitute to fuel in the transportation business due to excellent blending properties and high octane rating. North America Methanol Market comprises the U.S, Canada. . The construction segment is expected to hold the largest share in the market during the forecast period. The key players are investing in research and development activities to serve numerous markets. Methanol Market - By Feedstock (Natural Gas and Co . In the construction industry, the use of plastics ranges from piping to ropes of cranes. Singapore Exchange (SGX) introduced methanol futures and exchange contracts to assist methanol producers, traders and downstream users manage risk and enhance price discovery amid increasing demand. The report further states that the methanol market size was USD 28.50 billion in 2019 and is projected to reach USD 40.48 billion by 2027, exhibiting a CAGR of 4.6% during the forecast period. . Methanol Market Regional And Country Analysis . Methanol is the simplest alcohol and is a type of petrochemical. The global market is fragmented. Methyl alcohol is mainly used as a solvent, alternate fuel source, and pesticide. It acts as a feedstock for producing several chemicals ranging from solvents to plastics. In addition to that, the Indian government is planning to commercialize the employment of coal-based methanol in heavy commercial vehicles like trucks and buses instead of diesel owing to cost-effectiveness. On the basis of feedstock, the market includes natural gas, coal, and biomass & renewables. Methanol Market Global 2020 presents detailed competitive analysis including the market Share, Size, Future scope. Shape strategic responses through the phases of industry recovery. The report covered all the points and was very detailed. The consumption of methanol is escalating in the building and construction business where formaldehyde-based resins are employed to manufacture composites and engineered wood products. Growing concern for the environment along with the stringent regulations taken by regulatory bodies to reduce air pollution. March 05, 2020 11:58 ET … Other than the commercial production methods, it naturally occurs in foods, fruits, and the human body. 2020-2028. It is a polar liquid at room temperature and exhibits excellent blending properties. Your request is being processed. Exceptional blending capacity and high octane rating of the product are the key factors driving the consumption of methanol … Polyolefins or polyethylene and polypropylene thermoplastic are obtained from methanol. Estimation of the methanol market size and its contribution to the parent market. LONDON--(BUSINESS WIRE)--The global methanol market size is expected to grow by USD 15.62 billion during 2020-2024, progressing at a CAGR of over 10% during the forecast period. Moreover, the methanol market is estimated to showcase major expansion over the foreseen period owing to its rising employment in the water treatment, plastics, and healthcare businesses. REPORT HIGHLIGHT. By continuing to visit this site you agree to our use of cookies . Methanol, a common name for methyl alcohol is a commodity chemical used in numerous applications directly or further modified chemically to manufacture a variety of other chemical compounds. Jun 03, 2020 - methanol market is anticipated to record a CAGR of around 7% over the forecast period i.e. Methanol Market Size 2020-2025 | Industry Trends, Growth, Report & Forecast. Methanol Market Size, Percentage Of GDP, By Country. The report further states that the methanol market size was USD 28.50 billion in 2019 and is projected to reach USD 40.48 billion by 2027, exhibiting a CAGR of 4.6% during the forecast period. Methanol is a colorless, light, volatile, and flammable liquid with a characteristic smell similar to ethyl alcohol (ethanol). Dangerous effects on health as a result of exposure to methanol are estimated to hinder the expansion of the global business. Methanol Market Growth Drivers & Restraints of the Methanol Market. DOWNLOAD PDF [336 Pages Report] The Methanol market size is expected to grow at a CAGR of 5.5%, by value, during the forecast period. We know where we will be getting business intelligence from in the future.”, “Thank you for sending the market report and data. Remarkable job and great efforts by your research team. A decline in the consumption of biodiesel and other fuels has cut down the demand for methyl alcohol. This expansion can be attributed to the quickly growing automotive business in rising nations like India and China on account of the increasing call for vehicles. Exceptional blending capacity and high octane rating of the product are the key factors driving the consumption of methanol as fuel. Rising Demand from Automotive and Construction Industries to Propel Growth. The market in the Middle East & Africa is probable to show considerable expansion over the foreseen period due to the quickly developing end-use businesses like automotive, construction, and packaging. These companies are implementing expansion and acquisition strategies to increase their presence in the market. I appreciate the timeliness and responsiveness of you and your team.”, © 2020 Fortune Business Insights . The global methanol market size was valued at USD 28.50 billion in 2019 and is projected to reach USD 40.48 billion by 2027, exhibiting a CAGR of 4.6% during the forecast period. Various combinations of methanol ranging from M3 to M85 will propel the growth in menthol market size to reach USD 54.3 billion by 2021. A shift towards greener fuels is expected to drive the adoption of these products. BASF SE, BP Plc, Celanese Corp., and ENERKEM Inc. will emerge as major methanol market participants during 2020-2024. Additionally, the substitution of heavy fuel oils by methanol in the marine industry will have a positive effect on the growth of the market. Some of them have resumed operations by reducing their workforce and maintaining social distancing. The impact of the COVID-19 pandemic on this market is expected to be more significant due to the slowdown in the manufacturing activities. Poisoning from methanol might occur due to the consumption of alcohols which are contaminated with it. North America is another major market for methanol owing to its rising employment in water treatment facilities in the denitrification procedure as it assists in decreasing the volume of dangerous effluents discharged. Comprehensive details of factors that will challenge the growth of methanol market, vendors . The global methanol market is segmented on the basis of type, application, and geography. In 2019, the Asia Pacific market value stood at USD 17.94 billion. It looks quite comprehensive and the data is exactly what I was looking for. It is the major contributor to the growth of the market owing to the expansion of the automotive and construction industries. Predictions on upcoming trends and changes in consumer behavior. An Infographic Representation of Methanol Market, To get information on various segments, share your queries with us. The stoppage in the manufacturing sectors has minimized the demand for adhesives, paints, and chemicals derived from methanol, thereby contributing to the decline in its production. Download PDF Sample Request Customization. Global Market Size: Methanol The global methanol market is anticipated to grow at a CAGR of 11.81 percent between 2016 and 2025. The methanol market is anticipated to record a CAGR of around 7% over the forecast period i.e. Published Date: September 2020 | Report ID: 285098. The data offered to us was exactly what we were looking for. The global methanol market is estimated to reach USD 91.53 billion by 2026 growing at a CAGR of 9.8% during the forecast period, according to a new study published by Polaris Market Research. The rising automotive industry in Europe will lead to the growth of the market in this region. The methanol market in APAC is expected to hold the largest share by 2027 owing to the APAC’s dominance in the global market, mainly due to the rising demand for methanol and its by-products from the construction, automotive, textile, and furniture industries. The report ‘Methanol Market Share, Size, Trends, & Industry Analysis Report, [By Feedstock (Natural Gas, Coal), By Derivatives (Formaldehyde, Acetic Acid, Gasoline, […] Asia Pacific Methanol Market includes India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore, & Rest of APAC. Fortune Business Insights says that the global methanol market size was USD 28.50 billion in 2019 and is projected to reach USD 40.48 billion by 2027. The report "Methanol Market by Feedstock (Natural Gas, Coal), Derivative (Formaldehyde, MTO/MTP, Gasoline, MTBE, MMA), Sub-Derivative (UF/PF Resins, Olefins), End-use Industry (Construction, Automotive), and Region - Global Forecasts to 2025", The global methanol market size is expected to grow from USD 24.0 billion in 2020 to USD 26.6 billion by 2025, at a CAGR of 5.5% during the forecast … Globally, heavy fuels such as gasoline and diesel are the major contributors to environmental pollution, leading to numerous changes in the climate and global warming. Methanol Market Size, Business Growth, Global Market Analysis, Share, Research, and Forecast to 2029 . Besides, the automotive segment is expected to register a significant growth by the end of the forecast period owing to the rising use of plastics and methanol blended fuels. Market Outlook and Investment Opportunities, Global,Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped, Segment-level analysis in terms of by feedstock,by end use,along with market size forecasts and estimations to detect key areas of industry growth in detail, Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics, Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis, Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development, A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment, Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies, An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions, Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market, Global Methanol  Market By Region, From 2020-2025 ( USD Billion ), Global Methanol  Market By Feedstock, From 2020-2025 ( USD Billion ), Global Natural Gas Market By Region, From 2020-2025 ( USD Billion ), Global Coal Market By Region, From 2020-2025 ( USD Billion ), Global Methanol  Market By Derivative, From 2020-2025 ( USD Billion ), Global Formaldehyde Market By Region, From 2020-2025 ( USD Billion ), Global MTO/MTP Market By Region, From 2020-2025 ( USD Billion ), Global Gasoline Market By Region, From 2020-2025 ( USD Billion ), Global MTBE Market By Region, From 2020-2025 ( USD Billion ), Global MMA Market By Region, From 2020-2025 ( USD Billion ), Global Methanol  Market By Sub-Derivative, From 2020-2025 ( USD Billion ), Global UF/PF Resins Market By Region, From 2020-2025 ( USD Billion ), Global Olefins Market By Region, From 2020-2025 ( USD Billion ), Global Methanol  Market By End-Use Industry, From 2020-2025 ( USD Billion ), Global Construction Market By Region, From 2020-2025 ( USD Billion ), Global Automotive Market By Region, From 2020-2025 ( USD Billion ), Global Electronics Market By Region, From 2020-2025 ( USD Billion ), Please wait. Research Corridor new comprehensive study on methanol market offers in-depth analysis on industry trends, market size, competitive analysis and market forecast - 2020 to 2027. The global methanol market size is projected to reach USD 38.98 billion by 2025, registering a 2.9% CAGR during the forecast period, according to a new report by Grand View Research, Inc. By Feedstock, Derivative, Sub-derivative, End-user and Region, Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities, North America, Europe, APAC, Latin America, Middle East & Africa, Methanex Corporation (Canada), SABIC (Saudi Arabia), PETRONAS (Malaysia), Mitsubishi Gas Chemical Company (Japan), and Mitsui & Co., Ltd. (Japan). Global Methanol Market, Historic And Forecast Growth Rate, Split By Region, 2014-2022 . “We are happy with the professionalism of your in-house research team as well as the quality of your research reports. The rising demand from the construction and automotive industries is a major factor driving the market. The use of methyl alcohol as a transportation fuel provides advantages, including high octane fuels which minimize the toxic emissions when blended with gasoline and the production from renewable feedstocks. The global methanol market size was estimated to be USD 38.9 billion in 2018 and is forecasted to grow at a CAGR of 9.8 % from 2019 to 2026. Production takes place on 5 continents and in the Middle East. In Latin America and the Middle East and Africa, the rising construction and industrialization activities will progress the methyl alcohol market. Latin America Methanol Market includes Brazil, Mexico, Argentina, Chile, & Rest of LATAM. Global Methanol Market, Split By Country, 2018 . It is showcasing high demand from industries such as construction, automobile, and textile which is responsible for the overall market growth. The global methanol market size is projected to reach USD 38.98 billion by 2025, registering a 2.9% CAGR during the forecast period, according to a new report by Grand View Research, Inc. Additionally, the report also provides analysis on market attractiveness, along with Porter’s five force analysis, and SWOT analysis. The market size in Asia Pacific stood at USD 17.94 billion in 2019. The new report by Expert Market Research titled, ‘Global Methanol Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025′, gives an in-depth analysis of the global methanol market, assessing the market based on its segments like end uses and major regions.The report tracks the latest trends in the industry and studies their impact on the overall market. Natural gas and coal are the major feedstock for the production of methanol. These products have large application in the construction industry and their rising demand is expected to increase the consumption. Registering a CAGR of 4.6%, the market will exhibit steady growth in the forecast period (2020-2027). Additionally, the increasing use in fuel blending applications is expected to progress the market growth. REPORT HIGHLIGHT. Methyl alcohol acts as a precursor to various chemicals and compounds such as adhesives, plastics, textiles, insulation materials, and others. The DME segment is expected to lead this market during the forecast period. Request a Free sample to learn more about this report. The driving factors for Methanol market is its growing demand from automotive industry. These reasons are expected to act as a hindrance to the growth of the methyl alcohol market. 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