Methanol Market 2021 Production and Consumption Research Report: Methanax, Sabic, MHT, NPC, CNPC, Petronas, Kingboard, Datang International, Jiutai Energy, NINGXIA COAL

Methanol Market Report provides detailed analysis of Growth Factors of the market as well as it gives an analysis of the Market size, Latest trends, SWOT Analysis by Regions and Forecasted market research data until 2026. The Methanol market report has studied key opportunities in the market and influencing factors which are useful to the business. The report also maps the qualitative and quantitative impact of various market factors like macro-economic indicators, PPP, Epidemiological data, Insurance scenario and patent and IP information, Government Policies and business regulations along market attractiveness as per segments.

Methanol market size (most likely outcome) will be a year-over-year revenue growth rate of XX% in 2021, from US$ 37670 million in 2020. Over the next five years the Methanol market will register a 4.4% CAGR in terms of revenue, the global market size will reach US$ 44680 million by 2026.

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Methanol Market: Methanax, Sabic, MHT, NPC, CNPC, Petronas, Kingboard, Datang International, Jiutai Energy, NINGXIA COAL, Huayi, Sinopec, Yuanxing Energy, Yunkuang Chemical, Guanghui Industry, OMC, Yulin Natural Gas, South Louisiana, Shenda Chemical, QFA, Lantian Pingmei, Atlantic Methanol, Brunei Methanol, Equinor and others.

Industry News and Updates:

Methanex Provides Update on Trinidad Operations

January 07, 2021 — VANCOUVER, British Columbia, Jan. 07, 2021 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced today that it expects its Titan methanol facility (“Titan”) in Trinidad (875,000 annual operating capacity) will remain idled indefinitely. As a result, the Company has made the decision to restructure its Trinidad operations to support a one-plant operation and reduce its Trinidad workforce by approximately 60 positions filled by employees and long-term contractors.

To date, we have not been successful reaching an agreement for an economic longer-term natural gas agreement and given that the economic recovery path remains uncertain we believe it is prudent to reduce costs while continuing our efforts to secure longer-term gas supply. The Atlas methanol facility (Methanex interest 63.1%) is not affected by the change and continues to operate as it is underpinned by a separate natural gas supply agreement that expires in 2024.

Saudi and Russia Sign Methanol/Fertilizer Projects

16.10.2019: Russia’s sovereign wealth fund Russian Direct Investment Fund (RDIF) is investing in projects with SABIC and Saudi Arabian Minding Company (Ma’aden). The organization made the announcement during Russian President Vladimir Putin’s visit to Saudi Arabia on Oct. 14.

RDIF, SABIC and ESN Group have agreed to invest in building and operating a methanol plant in the Amur Region in Russia’s Far East. The plant’s installed capacity will be 2 million t/y, although initially it will produce 1 million t/y. The proposed project is part of the Advanced Special Economic Zone, under which the government will provide incentives to investors.

SABIC said the deal is an important milestone in its global growth strategy. “Russia is important to our global expansion plans, which have been formulated around competitive feedstock and our capacity to innovate and plan strategically,” commented Youself Al-Benyan, SABIC’S vice chairman and CEO, adding: “We plan to maintain our strategic partnership with the Russian market by continuing to focus on meeting customer needs, increasing our key customer base, and growing our commercial operation, in addition to enhancing our presence in the Russian market and maintain our leading position as a key methanol supplier.”

Global Methanol Market Split by Product Type and Applications:

This report segments the market on the basis of Types are:

ICI Low Pressure Method
Lurgi Low Pressure Method

On the basis of Application, the market is segmented into:

Formaldehyde
Methyl Ether
Acetic Acid
Olefin
MTBE
Others

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Regional analysis:

This report covers South America, North America, Europe, Asia Pacific (APAC), Africa and The Middle East, taking into account the clear evidence of where the market is fully examined, typical market examples, blocks and open access roads for power generation. With a huge population, Asia Pacific has revenues in the picture year, and dominates the Methanol market share, at any given time. Continuous GDP reform; Institutional progress per capita is becoming urbanized in the metropolitan area. This expanded revenue has led to indulging in top private and unrealistic usage models in the Methanol market deployed in the region. While an important piece of the Methanol market center around the global expansion of business, territories such as the Middle East and Africa will grow steadily. Big market development will take place in Latin America because of the small expansion producers' attempts at profits. In Europe, a lethargic improvement is expected due to mood-oriented rules and early stages.

Find Out:

Methanol market: Where are the opportunities? What does the future look like for Methanol? What will be the market size in the next 5 years?
Methanol Market trends: What is driving the market? Where are the key players? What are their strategies? What is holding the market behind? Where is the industry heading for in the short and long-term? How are new developments expected to change the market?
Technology: How are new technologies shaping the Methanol market?

What are the new revenue channels which companies can explore for growth?       

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Due to the onset of COVID-19 pandemic, several economies across the world have experienced harsh economic downturn. The industrialists across North America, Europe, Asia Pacific, Latin America and Middle East and Africa were facing problems due to changing preferences of the customers and demand fluctuation. The market research report covers pre-Covid-19 data for the Methanol market in years 2018 and 2020. Further, the report also covers forecast Covid-19 data from 2021 to 2026, which provides future outlook of the market for the manufacturers and suppliers.

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Methanol Protein Market: Methanol Protein market size (most likely outcome) will be a year-over-year revenue growth rate of XX% in 2021, from US$ 53 million in 2020. Over the next five years the Methanol Protein market will register a 4.0% CAGR in terms of revenue, the global market size will reach US$ 62 million by 2026.

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Bio Methanol Market: Bio Methanol market size (most likely outcome) will be a year-over-year revenue growth rate of XX% in 2021, from US$ 66 million in 2020. Over the next five years the Bio Methanol market will register a 25.4% CAGR in terms of revenue, the global market size will reach US$ 162.2 million by 2026.

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