Press release
Global Methanol Market to Reach 99 Million Tons by 2022
Methanol, also known as wood alcohol, is a volatile, combustible, colourless and noxious liquid with the chemical formula CH3OH. It is a polar liquid at room temperature and exhibits excellent blending properties. Methanol also has a high octane and oxygen content due to which it produces a cleaner burning gasoline which helps to lower the emissions caused by vehicle exhaust.Methanol finds broad range of applications in various industries. It is extensively used as a denaturing and anti-freezing agent. It is also used as an industrial solvent for resins and inks, adhesives to wood items, and dyes. Methanol holds a key position in the chemical industry where it is extensively used in the production of formaldehyde, acetic acid, di-methyl terephthalate (DMT) and some other solvents. Additionally, in the energy industry, it can be used either solely as a vehicle fuel or can be blended with gasoline to produce a fuel which is more efficient as compared to the conventional gasoline. According to Expert Market Research, the global methanol market reached a volume of 76 Million Tons in 2016 and is further expected to reach 99 Million Tons by 2022.
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Key findings from the report:
Methanol serves a number of application domains which include formaldehyde, dimethyl ether, gasoline, chloromethane, MTBE/TAME, acetic acid, DMT/others, MTO/MTP, solvents, methylamines and methyl methacrylate. In 2016, formaldehyde production represented the most popular application segment, accounting for nearly 30% of the total share.
Region-wise, China dominated the market with a share of around half of the total global demand. China was followed by Asia (excluding China), Europe, North America and Latin America.
On a competitive front, the global methanol market is fragmented and consists of a number of small and big players operating in the market. In 2016, Methanax represented the world’s largest methanol producer followed by SCC, SABIC, MGC, Mitsubishi, PETRONAS, IPCC and Mitsul.
Browse full report with TOC @ http://www.expertmarketresearch.com/reports/methanol-market
Expert Market Research has analysed the global methanol market according to applications, major regions and top players:
Market breakup by Applications
Formaldehyde
Dimethyl Ether
Gasoline
Chloromethane
MTBE/TAME
Acetic Acid
DMT/Others
MTO/MTP
Solvents
Methylamines
Methyl Methacrylate
Market breakup by Major Regions
China
Asia (excluding China)
Europe
North America
Latin America
Top players
Methanax
SCC
SABIC
MGC
Mitsubishi
PETRONAS
IPCC
Mitsul
Find more reports related to Chemical & Materials Market Research @ http://www.expertmarketresearch.com/categories/chemicals-market-reports
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With a keen focus on the qualitative aspect as well as accuracy of the reports, we align our resources and services as per the client’s requirement and offer a flexible engagement model that best suits their needs. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical & Materials, Energy & Mining, Packaging and Agriculture.
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