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Methanol Market Expected to Reach a Value of US$ 48.3 Billion by 2024- IMARC

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Get more information about the market: https://www.imarcgroup.com/methanol-technical-material-market-report

The global methanol market has reached a value of US$ 24.7 Billion in 2018, exhibiting a CAGR of 7.7% during 2011-2018. Owing to the extensive applications of methanol in energy and chemical sectors, the global methanol market is expected to reach a value of US$ 48.3 Billion by 2024, growing at a CAGR of 11.1% for 2019-2024.

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Methanol Market Expected to Reach a Value of US$ 48.3 Billion by 2024- IMARC

  1. 1. Copyright © IMARC Service Pvt Ltd. All Rights Reserved Global Methanol Market Research Report and Forecast 2024 Report Edition: 2019 © 2019 IMARC All Rights Reserved
  2. 2. Report DescriptionAbout IMARC Group The International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.
  3. 3. Report DescriptionReport Description and Highlights Global Methanol Market Overview: According to IMARC Group’s new report, titled “Methanol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global methanol market has reached a value of US$ 24.7 Billion in 2018, exhibiting a CAGR of 7.7% during 2011-2018. Methanol, also known as wood alcohol, is a colourless liquid produced via the reaction of syngas and hydrogen in the presence of a catalyst. It is miscible in water, alcohol, ether, ketones and most other organic solvents. Although it is poisonous to human beings, methanol has diverse application in a number of industries. Highlights of the Global Methanol Market • Application of methanol in the energy sector and its use in the production of chemicals are driving its demand. • Formaldehyde represents the largest end-use industry globally. • China is the largest global producer of methanol and accounts for about half of the total production. In the energy sector, methanol is used to manufacture Dimethyl ether (DME), a clean fuel that can be used as a substitute to propane.
  4. 4. Report DescriptionReport Description and Highlights 120.2 125.5 130.8 136.1 141.4 146.7 152.0 157.3 0 20 40 60 80 100 120 140 160 2011 2012 2013 2014 2015 2016 2017 2018 inBillionUS$ 160.0 165.3 170.6 175.9 181.2 186.5 0 20 40 60 80 100 120 140 160 180 2019 2020 2021 2022 2023 2024 InBillionUS$ Other applications of methanol are fuel cells, gasoline blending, alcohol denaturation, wastewater treatment, methanol-to-olefins and methanol-to-gasoline conversions. Owing to the extensive applications of methanol in energy and chemical sectors, the global methanol market is further expected to reach a value of US$ 48.3 Billion by 2024, growing at a CAGR of 11.1% for 2019-2024. Request for a free sample report: https://www.imarcgroup.com/methanol-technical-material-market- report/requestsample
  5. 5. Report DescriptionReport Description and Highlights It is also used to manufacture Methyl tert-butyl ether (MTBE), an anti-knock agent and oxygenate in gasoline, engines. Moreover, it is and important component of biodiesel and is used as an alternative fuel for internal combustion. In the chemical sector, it is used to produce formaldehyde and acetic acid, which are further used in the production of adhesives, paints, plywood, solvents, foams, plastics, explosives, antifreeze, etc. Key Market Segmentation: Market Segmentation by End-Use • Formaldehyde • Dimethyl ether • Gasoline • Chloromethane • MTBE/TAME • Acetic acid On the basis of end-use, formaldehyde represents the largest industry, followed by gasoline, acetic acid, chloromethane, Dimethyl Ether and TAME/MTBE.
  6. 6. Report Description Report Description and Highlights Market Segmentation by Region • China • Asia-Pacific (excluding China) • Europe • North America • Latin America • Middle east & Africa On the basis of region, chine is the largest and fastest growing market in terms of global production. Other important regions Asia Pacific (Excluding Chins), North America, Latin America, Europe and Middle East & Africa. Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players. • Methanex Corporation • Southern Chemical Corporation
  7. 7. Report DescriptionReport Description and Highlights • Saudi Arabian Basic Industries Corp • Mitsubishi Gas Chemicals • Zagros Petrochemical Company For more information, click here: https://www.imarcgroup.com/methanol-technical-material-market- report
  8. 8. A partial List of our Clients We are the trusted business partners to the world's leading corporates, governments, and institutions Partial List of Clients
  9. 9. A partial List of our Clients We are the trusted business partners to the world's leading corporates, governments, and institutions Partial List of Clients
  10. 10. Report DescriptionReport Description and Highlights © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.
  11. 11. FOR MORE DETAILS Visit us at : Stay With Us: TELEPHONE: +1-631-791-1145 E-MAIL: sales@imarcgroup.com https://www.imarcgroup.com Contact Us

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