Global Methane Market Growth Prospects, Future Industry Landscape 2032 | BP Plc., Oil and Natural Gas Corporation, IGas Energy Plc., Black Diamond Energy Inc., China National Petroleum Corporation
Methane Market Size, Growth Rate, And Forecast
The global methane market size is expected to grow from $97.06 billion in 2022 to $106.65 billion in 2023 at a compound annual growth rate (CAGR) of 9.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global methane market size is expected to reach $152.33 billion in 2027 at a CAGR of 9.3%.
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Methane Market Drivers
The increasing demand in the automotive industry is expected to boost the growth of the methane market going forward. The automotive sector includes firms engaged in producing, vending, fixing, and customizing motorized vehicles.
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Methane Market Segments
1) By Source: Natural, Synthetic
2) By Production Method: Fermentation, Gasification
3) By Application: Fuel, Natural Gas, Chemical Feedstock, Liquified Natural Gas, Liquid-Methane Rocket Fuel, Power Generation, Residential, Other Applications
4) By End Users: Automotive, Aerospace and Defense, Electrical, Chemical, Other End Users
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Methane market.
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Methane Market Key Players
Major players in the methane market are BP Plc., Oil and Natural Gas Corporation, IGas Energy Plc., Black Diamond Energy Inc., China National Petroleum Corporation, Senex Energy Limited, Shell Plc., China National Offshore Oil Corporation, Dart Energy Corporation, Metgasco Limited, G3 Exploration Ltd., AGT International, Air Liquide SA, Axcel Gases, Bhuruka Gases Limited, Chemix Specialty Gases and Equipment, Chengdu Taiyu Industrial Gases Co. Ltd., Linde Plc., Osaka Gas Co. Ltd., and Qingdao Guida Special Gas Co. Ltd.
The Business Research Company's "Global Methane Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Methane Market Include:
1. Executive Summary
2. Methane Market Characteristics
3. Methane Market Trends And Strategies
4. Methane Market - Macro Economic Scenario
5. Methane Market Size And Growth
27. Methane Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Methane Market
29. Methane Market Future Outlook and Potential Analysis
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