Press release
Methanol Market 2019 Growth by Top Key Manufacturers - Methanex Corporation, Petroliam Nasional Berhad (PETRONAS), Reliance Industries, AR-RAZI Saudi Methanol Company, RAMA Petrochemicals, Gujarat Narmada Valley Fertilizers & Chemicals, and Others
Methanol
About the Methanol Market:
Methanol is broadly used in industries nonstop or as a feedstock for the fabrication of liquid fuels, chemicals, and plastics. On a daily basis 200,000 tons of methanol is used in chemical feedstock or as transportation fuel (67 million gallons/254 million liters), this amounts to 7500 tanker trucks worldwide.
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Methanol Market Competition by TOP PLAYERS, with Methanol sales volume, price, revenue (Million USD) and market share for each manufacturer/player; the top players including: Methanex Corporation, Petroliam Nasional Berhad (PETRONAS), Reliance Industries, AR-RAZI Saudi Methanol Company, RAMA Petrochemicals, Gujarat Narmada Valley Fertilizers & Chemicals
Scope of the Report (Overlook 2019-2025):
The methanol (Methyl Alcohol) market is growing owing to high use in the automotive industry. The methanol market is experiencing major growth in China and the United States, owing to developments in shale gas. Another growth factor is growing demand for petrochemicals, especially in the Asia Pacific region. Natural gas is the main feedstock used for methanol.
New regulations and policies implemented to control emission of harmful gases has caused the increased demand for biofuels. This is an additional cause towards the research of the ground-breaking approaches that are energy-efficient, low-cost and eco-friendly. Expertise to use methanol as a substitute for diesel is being commercialized in various countries. There is an increasing demand in markets for direct blending of methanol into gasoline.
The global methanol market has been segmented, by feedstock as, includes coal, natural gas, and few other feedstock. The methanol market is also broadly segmented, by derivatives, into formaldehyde, methanol-to-olefins (MTO)/methanol-to-propylene (MTP), methyl tert-butyl ether (MTBE gasoline), dimethyl terephthalate (DMT), acetic acid, methyl methacrylate (MMA), dimethyl ether (DME), methylamines, tertiary amyl methyl ether (TAME), and others derivatives.
The methanol market has a few global players competing significantly for the methanol market share, and are actively investing in various strategies such as expansions and joint ventures & agreements globally to increase their market. Also, companies are investing in R&D activities. Key players such as Methanex Corporation (Canada), PETRONAS (Malaysia), SABIC (Saudi Arabia), Mitsubishi Gas Chemical Company (Japan), and Mitsui & Co., Ltd. (Japan). These companies have adopted various organic and inorganic developmental strategies to meet the ever increasing demand. Application segment have been studied based on historic, present, and future trends. Segmentation on the basis of region are North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
The US Methanol market indicates that the initial growth has grown and moved towards an expensive curve. The demand has increased by 20% in the past years, due to restarting of Canada based Methanex. The buildout now leaves the US just one plant less from being a net exporter and no longer dependent on imports from Trinidad and Venezuela.
In the near future, long-term considerable cost reduction would be observed due to the use of cheaper biomass and constant technological advancements. Industry experts are predicting the production cost to go down by USD X-X/GJ range. Methanol derived from biomass and hydrogen are predicted to live up to the major methanol market share demand.
The various segments of Methanol Market are:
Feedstock:
• Coal
• Natural Gas
Derivatives:
• Formaldehyde
• Methanol-to-olefins (MTO)/methanol-to-propylene (MTP),
• Methyl tert-butyl ether (MTBE gasoline)
• Dimethyl terephthalate (DMT)
• Acetic acid
• Methyl methacrylate (MMA)
• Dimethyl ether (DME)
• Methylamines
• Tertiary amyl methyl ether (TAME)
Applications:
• Historic
• Present
• Future trends
What Information does this report contain?
• Historical data coverage: 2014 to 2017; Growth Projections: 2019 to 2025.
• Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
• 6-7 year performance forecasts: major segments covering applications, top products and geographies.
• Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.
Who should buy this report?
Venture capitalists, Investors, financial institutions, Analysts, Government organizations, regulatory authorities, policymakers ,researchers, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
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About Adroit Market Research:
Adroit Market Research provide quantified B2B research on numerous opportunistic markets, and offer customized research reports, consulting services, and syndicate research reports. We assist our clients to strategize business decisions and attain sustainable growth in their respective domain. Additionally, we support them with their revenue planning, marketing strategies, and assist them to make decisions before the competition so that they remain ahead of the curve.
Ryan Johnson
Adroit Market Research
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Dallas, TX 75204
Tel: +1-214-884-6068
Email: sales@adroitmarketresearch.com
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