methanol market trends

Whereas, in Europe and North America, the blending of fuel is limited up to a few percentages in gasoline. Click here. All vital Global Methanol Fuel Industry verticals are presented in thistudy like Product Type, Applications and Geographical Regions. Methanol contains a number of physical properties, which makes it ideal for the transportation sector. The increasing use of methanol as a transportation fuel is one of the major factors propelling market growth. Increasing consumption of methanol for the production of dimethyl ether and Methyl tert-butyl ether (MTBE), utilized as the alternatives for gasoline, is expected to propel the growth. This compound is an efficient fuel and emits lesser particulate matter (PM) and NOx as compared to substitute compounds. As per the Guizhou government, by the end of 2019, Southwest China's Guizhou province had set a goal of launching 10,000 methanol vehicles, among which 7,000 vehicles were set to run in Guiyang. © 2021 GlobeNewswire, Inc. All Rights Reserved. This rise in market value can be attributed to … Forecast Global Methanol Fuel Industry trends will present the market drivers, constraints and growth opportunities. All Rights Reserved to Mordor Intelligence. The market for methanol is expected to register a CAGR of around 5% during the forecast period. Formaldehyde dominated the market and is expected to grow at a healthy during the forecast period, owing to the increasing applications in the construction, automotive, and personal care industry. It currently produces more than half of the Asia-Pacific coatings, and is home to more than 10,000 paint companies, among which local producers occupy more than half of the domestic paint market share. Methanol fuel is used in China as various blends, ranging from M5 to M100. This report provides an in-depth analysis of the global methanol market. 4.30% CAGR, Methanol Market, Size, Outlook 2020-2027 Categorizes the Global Market by Type, By Application and by Region - Industry Analysis, Size, Share, Growth Opportunities, Trends, and … To understand key trends, Download Sample Report. Methanol is considered as a gasoline component for the purpose of internal combustion and other engines, either directly or in combination with gasoline, in the form of ether (MTBE) in gasoline and fatty acid ester (FAME) in diesel. The government has also launched 13 methanol filling stations. It is investing on a large scale, for supporting startups that are developing biofuel technologies. The five-year forecast viewhows how the market is expected to grow in coming years. Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. In the recent times, in Guizhou province, approximately 5,000 methanol-fueled taxis have been in operation, which is nearly about 75% of the total methanol vehicles in the country. It currently produces more than half of the Asia-Pacific coatings, and is home to more than 10,000 paint companies, among which local producers occupy more than half of the domestic paint market share. Methanol is considered as a gasoline component for the purpose of internal combustion and other engines, either directly or in combination with gasoline, in the form of ether (MTBE) in gasoline and fatty acid ester (FAME) in diesel. Methanol is considered as a gasoline component for the purpose of internal combustion and other engines, either directly or in combination with gasoline, in the form of ether (MTBE) in gasoline and fatty acid ester (FAME) in diesel. … “The Methanol market is projected to register a CAGR of 5.5% during the forecast period, in terms of value.” The global Methanol market is estimated to be USD 20.4 billion in 2020 and is projected to reach USD 26.6 billion by 2025, at a CAGR of 5.5% from 2020 to 2025. Nov 12, 2020 (The Expresswire) -- The global methanol market is set to grow astonishingly backed by the rising shift of the transportation industry towards methanol-powered vehicles. One of the major factors driving the market studied is the increasing demand for methanol-based fuel. Methanol Market - Growth, Trends, and Forecast (2020 - 2025), Methyl Tertiary Butyl Ether (MTBE) Market - Growth, Trends, and Forecast (2020 - 2025), Urea Formaldehyde Market - Growth, Trends, and Forecast (2020 - 2025), Acetic Acid Market – Growth, Trends, and Forecast (2020 - 2025), Methanol-to-olefins (MTO)/Methanol-to-Propylene (MTP), Methyl Tert-butyl Ether (MTBE)/Tertiary Amyl Methyl Ether (TAME). The market is anticipated to register CAGR of 5.4%. The report analyses some of the challenges that Methanol industry may have to face during the growth. However, formaldehyde emissions tend to increase especially at cold-starts. The Methanol market report estimates 2018 - 2026 market development trends for Methanol industry. Mid-level or high-level fuel blends of alcohol could enable manufacturers for designing high-efficiency engines, to compensate for the low energy density of methanol. Region market overview covers the following: production of methanol in a region/country, consumption trends, price data, trade in the recent year and manufacturers Some of these major players include Methanex, SABIC, Methanol Holdings (Trinidad) Ltd, LyondellBasell Industries Holdings BV, and Petronas.Key Highlights, Asia-Pacific to Dominate the Global Market, Key Topics Covered 1 INTRODUCTION1.1 Study Assumptions1.2 Scope of the Study2 RESEARCH METHODOLOGY3 EXECUTIVE SUMMARY4 MARKET DYNAMICS4.1 Drivers4.1.1 Expanding Petrochemical Sector in China and Other Asia-Pacific Countries4.1.2 Rising Demand for Methanol-based Fuel4.1.3 Growing Utilization of Methanol in the Production of Olefins Using MTO4.2 Restraints4.2.1 Usage of Ethanol Fuel or Bio Ethanol in Comparison to Methanol4.3 Industry Value Chain Analysis4.4 Porter's Five Forces Analysis4.5 Global Capacity by Key Feedstock4.6 Technological Snapshot4.7 Trade Analysis5 MARKET SEGMENTATION5.1 Derivatives5.1.1 Formaldehyde5.1.2 Methanol-to-olefins (MTO)/Methanol-to-Propylene (MTP)5.1.3 Methyl Tert-butyl Ether (MTBE)/Tertiary Amyl Methyl Ether (TAME)5.1.4 Dimethyl Terephthalate (DMT)5.1.5 Acetic Acid5.1.6 Dimethyl Ether (DME)5.1.7 Methyl Methacrylate (MMA)5.1.8 Methylamines5.1.9 Others5.2 Geography5.2.1 Asia-Pacific5.2.2 North America5.2.3 Europe5.2.4 South America5.2.5 Middle East & Africa6 COMPETITIVE LANDSCAPE6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements6.2 Market Share Analysis6.3 Strategies Adopted by Leading Players6.4 Company Profiles6.4.1 Atlantic Methanol6.4.2 BASF SE6.4.3 Fairway Methanol LLC6.4.4 Enerkem6.4.5 Eni S.p.A. (Ecofuel S.p.A.)6.4.6 Gujarat Narmada Valley Fertilizers & Chemicals Ltd.6.4.7 Methanex Corporation6.4.8 Methanol Holdings (Trinidad) Ltd.6.4.9 Mitsubishi Gas Chemical Company Inc.6.4.10 Oberon Fuels6.4.11 OCI N.V.6.4.12 Petroliam Nasional Berhad (PETRONAS)6.4.13 Saudi Basic Industries Corporation (SABIC)6.4.14 Zagros Petrochemical Co.6.4.15 Yankuang Group6.4.16 LyondellBasell6.4.17 Helm AG6.4.18 Southern Chemical Corporation7 MARKET OPPORTUNITIES AND FUTURE TRENDS7.1 Use of Methanol in New Expanding Fuel Applications, such as in Marine For more information about this report visit https://www.researchandmarkets.com/r/488mt3. Under the Methanol Economy program by NITI Aayog, the production capacity is expected to increase up to 20 metric ton of methanol annually, by 2025, using Indian high ash coal, stranded gas, and biomass. This production is expected to contribute to the demand for numerous derivatives, such as formaldehyde, acetic acid, and MMA, and is expected to boost the demand for methanol. Methanol Market by Application (Formaldehyde, Acetic acid, Gasoline, Methanol-to-Olefins (MTO)) - Global Industry Analysis & Forecast to 2027 Industry Outlook and Trend Analysis. According to the Coherent Market Insights analysis, the Philippines and Myanmar have passed various policies mandating the use of fuel blended with renewable methanol by the end of 2020. Key Market Trends Rising Demand for Methanol based Fuel. The country accounted for more than 20 million metric tons of coatings production, which is close to 30% of the global coatings output. Along with qualitative information, this report includes the quantitative analysis of various segments in terms of market share, growth, opportunity analysis, market … The growing use of fuel blended renewable methanol is expected to be a major trend in the market. Increasing demand for methanol-based fuel from the marine industry is likely to act as an opportunity in the future. In this process, instead of a tubular reformer, an ATR is used which significantly reduces steam addition to freestreams. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The global methanol market is partially fragmented in nature, with the top eight players accounting for about 41.63% of the global production capacity. Methanol contains a number of physical properties, which makes it ideal for the transportation sector. REPORT HIGHLIGHT. The market in Asia-Pacific accounted for the largest share of the methanol market in 2017 and is expected to continue its dominance during the forecast period. Sign up today for your free Reader Account! Market Trends. Other countries, including Israel, Italy, Japan, and South Korea, majorly use methanol as a fuel. However, formaldehyde emissions tend to increase especially at cold-starts. The market for methanol is expected to register a CAGR of around 5% during the forecast period. "Methanol Market - Growth, Trends, and Forecast (2020 - 2025)", https://www.researchandmarkets.com/r/488mt3. Global demand of methanol is mainly driven by the production of other basic chemicals whic… Furthermore in India, the government is pushing the usage of methanol as fuel in vehicles and as cooking fuel, to promote sustainable development with less damage to the environment. The market for methanol is expected to register a … According to a new study by Transparency Market Research (TMR), the global market for methanol is likely to have a steady growth during 2017-2026. ICIS publishes weekly reports on the methanol markets in Asia, China, Europe and the US. This production is expected to contribute to the demand for numerous derivatives, such as formaldehyde, acetic acid, and MMA, and is expected to boost the demand for methanol. DUBLIN, Jan. 15, 2020 /PRNewswire/ -- The "Methanol Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.. Automotive, manufacturing, and construction sectors are estimated to witness declines in terms of growth and outputs, owing to the lockdown called by the governments for a brief period. Methanol has an ability to reduce emissions of carbon monoxide, hydrocarbons, and nitrogen oxides, as compared to gasoline. Such factors are boosting the demand for the market studied. © 2020. On the flipside, hazardous impacts on health as a result of exposure to methanol are expected to hinder the growth of the market. Under the Methanol Economy program by NITI Aayog, the production capacity is expected to increase up to 20 metric ton of methanol annually, by 2025, using Indian high ash coal, stranded gas, and biomass. Israel planned to cut the usage of oil in transportation up to 60% by 2025. One of the major factors driving the market studied is the increasing demand for methanol-based … The report offers historical and forecast market size, demand and production forecasts, end-use demand And geography the five-year forecast viewhows how the market across the world ’ s methanol and utilizes fuel! Hydrocarbons, and South Korea, majorly use methanol as a result of to. From M5 to M100 and annual market advisory services covering all major methanol... 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