Methanol Market Size, Growth, and Demand Insights | Scope By 2030

Allied Market Research recently published a report, titled, "Methanol Market by Feedstock (Coal, Natural Gas, Others), by End-use Industry (Automotive, Construction, Electronics, Appliances, Paints and Coatings, Insulation, Pharmaceutical, Packaging, Others): Global Opportunity Analysis and Industry Forecast, 2021-2030". As per the report, the global methanol industry was pegged at $35.3 billion in 2021, and is expected to reach $54.6 billion by 2030, growing at a CAGR of 5.06% from 2022 to 2030.

Factors influencing the growth of the market:

An expansion of the automotive sector, advancements in medical domain, and surge in demand for hydrogen fuel cells accelerate the growth of the global methanol market. However, low manufacturing of methanol as compared to other fuels and heightened energy security provided by methanol is anticipated to provide remunerative growth opportunities to the market in upcoming years.

Download Sample Pages of Research Overview: https://www.alliedmarketresearch.com/request-sample/16869

The natural gas segment dominated the market

By feedstock, the natural gas segment held the largest share in 2021, accounting for more than two-fifths of the global methanol market. However, the coal segment is expected to register the highest CAGR of 6.12% from 2022 to 2030, owing to use of coal as a feedstock for the methanol production to reduce the gap between declining fossil fuel supplies and boost the hydrogen economy thereby reducing the carbon emissions.

The automotive segment grabbed the largest market share

Based on end-use industry, the automotive segment gained the largest market share of more than one-fifth of the global methanol market in 2021. The appliances segment, on the other hand, is anticipated to showcase the fastest growth with 8.37% CAGR throughout the forecast timeframe, because methanol is the basic unit to produce several equipment that can be used in cars, computers, and others.

Get Detailed Analysis on the Methanol Market @ https://www.alliedmarketresearch.com/request-for-customization/16869

Asia-Pacific dominated the market

The regional analysis in the report states that, the Asia-Pacific region dominated the market in 2021, contributing to more than half of the global methanol market, owing to significant growth in government initiatives to promote the use of methanol for EVs and fuel-cell vehicles. However, the market in LAMEA region would manifest the fastest growth with 6.57% CAGR from 2022 to 2030.

Leading market players:

Methanol Holdings (Trinidad) Limited.
Zagros Petrochemical Co.
Mitsui & Co., Ltd.
Valero
Mitsubishi Gas Chemical Company, Inc.
Petroliam Nasional Berhad (PETRONAS)
SABIC
Methanex Corporation
BASF SE
Celanese Corporation

Want to Access the Statistical Data and Graphs, Key Players' Strategies: https://www.alliedmarketresearch.com/methanol-market/purchase-options

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.