Methanol Market detail analysis and will showing record breaking growth in near future 2020-2026

Methanol is a liquid which is manufactured mostly through oxidization of methane or through synthesis of carbon monoxide and hydrogen. Methanol is termed as wood alcohol since it depicts properties similar to conventional fuels. Methanol is chiefly utilized as a fuel in vehicles as well as an antifreeze solution in automobiles. It is also used as a feedstock for manufacturing various products such as formaldehyde, acetic acid, MTBE, DME, and others. It is used widely in numerous other industrial applications. It is a volatile, colorless, toxic, and flammable liquid. Globally, methanol is produced at around 90 methanol plants. Most of these methanol plants are located in Asia Pacific, Latin America, North America and others.

Request For Sample Copy of this Report : https://www.coherentmarketinsights.com/insight/request-sample/360

Methanol market is segmented on the basis of feedstock type, application, and end-use industry. On the basis of feedstock type, the market is segmented into oil & gas and coal. Oil & gas feedstock segment is expected to contribute the major market share in the global market. However, lower cost of coal has boosted coal based production of methanol. On the basis of application, methanol market is segmented into formaldehyde, acetic acid, MTBE, DME, and gasoline. Formaldehyde application segment of methanol holds major market share and is expected to dominate the overall market during the forecast period. On the basis of end-use industry, methanol market is segmented into automotive industry, construction industry, and others. Automotive end user industry segment is expected to hold leading share of methanol industry.

Global Methanol Market Taxonomy

The global methanol market is classified on the basis of the following segments:
Feedstock Type
Oil & Gas
Coal

Application
Formaldehyde
Acetic Acid
MTBE
DME
Gasoline

End-use Industry
Automotive
Construction
Others

FLAT 25% DISCOUNT on all CMI Reports, Promo Code: CHRISTMAS2020

Request Discount of This Report:
https://www.coherentmarketinsights.com/insight/request-discount/360

Some of the leading players operating in the global methanol market include BASF SE, Celanese Corporation, Methanex Corporation, Methanol Holdings (Trinidad) Limited (MHTL), Mitsubishi Gas Chemical Co., Inc. (MGC), Mitsui & Co., Ltd., Petroliam Nasional Berhad (Petronas), SABIC, Valero Marketing and Supply Company, and Zagros Petrochemical Company (ZPC), among others.

Contact Us:
Name: Mr. Shah
Phone: US +12067016702 / UK +4402081334027
Email: sales@coherentmarketinsights.com
Visit Our Blogs: https://blog.coherentmarketinsights.com

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

This release was published on openPR.