Methanol Market Size, Global Opportunities, Share, Growth, Industry Trends to 2027
Methanol Market will exhibit a CAGR of 4.6% and USD 40.48 billion by 2027, and the market value as per 2019 was USD 28.50 billion.
Fortune Business Insights™
in a new report, titled, “Methanol Market Size, Share & Industry Analysis, By
Feedstock (Natural Gas, Coal, Biomass & Renewables), By Derivative
(Formaldehyde, Acetic Acid, MTBE, DME, Gasoline Blending, Biodiesel, MTO/MTP,
Solvent, and Others), By Application (Construction, Automotive, Electronics,
and Others) and Regional Forecast, 2020-2027.”
Methanol Market Drivers
and Restraint :
Heavy fuels, namely, diesel and
gasoline are considered to be the major causes of environmental pollution. They
often result in global warming and rapid changes in climate. Hence, the fuel
industry is inclining towards methanol-infused fuels to lower the severe
climatic conditions. Methyl alcohol is also used extensively as a transportation
fuel owing to its possession of multiple properties. When mixed with gasoline,
it reduces the toxic emissions. Apart from that, its high demand from
construction and automotive industries would also contribute to the methanol
market growth in the coming years. However, the outbreak of the COVID-19
pandemic is expected to affect the market negatively as the manufacturers have
shut down their plants temporarily.
List of Significant Manufacturers in Methanol Market are:
•
Methanex Corporation
•
HELM AG
•
Southern Chemical Corporation
•
SABIC
•
Mitsubishi Gas Chemical
Company, Inc.
•
Zagros Petroleum
•
PETRONAS
•
Mitsui & Co., Ltd.
•
Celanese Corporation
•
BASF SE
•
Simalin Chemical Industries Pvt.
Ltd.
•
Other Players
To gain more insights into the market with a detailed table of content and figures, Click Here: https://www.fortunebusinessinsights.com/industry-reports/methanol-market-101552
Some of the key industry developments in the Methanol Market Include:
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