Press release
Methanol Market to Witness a Pronounce Growth in Upcoming Years| Challenges, Potential Benefits till 2031
Global Methanol report from Global Insight Services is the single authoritative source of intelligence on Methanol market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.Read more about Methanol market here: https://www.globalinsightservices.com/reports/methanol-market/
Methanol is an important industrial chemical and is used in a wide range of applications. It is a key component in the production of a variety of chemicals, including formaldehyde, acetic acid, and propylene oxide. Methanol is also used as a fuel and as a solvent.
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Market Segments
By Feedstock
Coal
Natural Gas
Others
Key Players : Methanex Corporation, HELM Proman Methanol AG, SABIC, Yanzhou Coal Mining Co., Zagros Petrochemical Company, Celanese Corporation, BASF SE, PETRONAS, Mitsubishi Gas Chemical Company Inc., Mitsui & Co. Ltd., Royal Dutch Shell plc, ExxonMobil Corporation
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Key Trends and Drivers
The key trends in the methanol market are the increased production of methanol from shale gas, the increased demand for methanol from the chemical industry, and the increased use of methanol as a fuel.
The major drivers for the growth of the methanol market include the growing demand for methanol from the construction and automotive industries, and the increasing use of methanol as a fuel. The construction industry is a major consumer of methanol, as it is used in the production of a variety of construction materials, such as adhesives, sealants, and coatings. The automotive industry is another major consumer of methanol, as it is used as a fuel and as a solvent in the production of a variety of automotive components.
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