In the recent times, in Guizhou province, approximately 5,000 methanol-fueled taxis have been in operation, which is nearly about 75% of the total methanol vehicles in the country. One of the major factors driving the market studied is the increasing demand for methanol-based fuel. Methanol Market - Growth, Trends, and Forecast (2020 - 2025), Methyl Tertiary Butyl Ether (MTBE) Market - Growth, Trends, and Forecast (2020 - 2025), Urea Formaldehyde Market - Growth, Trends, and Forecast (2020 - 2025), Acetic Acid Market – Growth, Trends, and Forecast (2020 - 2025), Methanol-to-olefins (MTO)/Methanol-to-Propylene (MTP), Methyl Tert-butyl Ether (MTBE)/Tertiary Amyl Methyl Ether (TAME). It currently produces more than half of the Asia-Pacific coatings, and is home to more than 10,000 paint companies, among which local producers occupy more than half of the domestic paint market share. This compound is an efficient fuel and emits lesser particulate matter (PM) and NOx as compared to substitute compounds. MMSA provides weekly, monthly, quarterly, and annual market advisory services covering all major global methanol and derivative markets. Key Market Trends Rising Demand for Methanol based Fuel. "Methanol Market - Growth, Trends, and Forecast (2020 - 2025)", https://www.researchandmarkets.com/r/488mt3. REPORT HIGHLIGHT. The market for methanol is expected to register a … Mid-level or high-level fuel blends of alcohol could enable manufacturers for designing high-efficiency engines, to compensate for the low energy density of methanol. However, formaldehyde emissions tend to increase especially at cold-starts. Methanol is considered as a gasoline component for the purpose of internal combustion and other engines, either directly or in combination with gasoline, in the form of ether (MTBE) in gasoline and fatty acid ester (FAME) in diesel. Asia-Pacific dominated the market across the world, with the largest consumption from countries, such as China and India. Global demand of methanol is mainly driven by the production of other basic chemicals whic… Furthermore in India, the government is pushing the usage of methanol as fuel in vehicles and as cooking fuel, to promote sustainable development with less damage to the environment. With the growing petrochemical industry and increasing usage of methanol-based fuel in countries, such as China, India, and Japan, the usage of methanol is increasing in the region. On the flipside, hazardous impacts on health as a result of exposure to methanol are expected to hinder the growth of the market.The methanol market is partly fragmented and is dominated by very few players. The country accounted for more than 20 million metric tons of coatings production, which is close to 30% of the global coatings output. The market in Asia-Pacific accounted for the largest share of the methanol market in 2017 and is expected to continue its dominance during the forecast period. Methanol has an ability to reduce emissions of carbon monoxide, hydrocarbons, and nitrogen oxides, as compared to gasoline. Natural gas and coal are the major feedstock for the production of methanol. On the flipside, hazardous impacts on health as a result of exposure to methanol are expected to hinder the growth of the market. 4.1.1 Expanding Petrochemical Sector in United States, China, and Other Asia-Pacific Countries, 4.1.2 Rising Demand for Methanol-based Fuel, 4.1.3 Growing Utilization of Methanol in the Production of Olefins Using MTO, 4.2.1 Usage of Ethanol Fuel or Bio Ethanol in Comparison to Methanol, 4.2.3 Impact of COVID-19 Pandemic on Global Economy, 4.4.4 Threat of Substitute Products and Services, 5.1.2 Methanol-to-olefins (MTO)/Methanol-to-Propylene (MTP), 5.1.3 Methyl Tert-butyl Ether (MTBE)/Tertiary Amyl Methyl Ether (TAME), 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements, 6.3 Strategies Adopted by Leading Players, 6.4.8 Gujarat Narmada Valley Fertilizers & Chemicals Ltd. 6.4.10 LyondellBasell Industries Holdings B.V. 6.4.12 Mitsubishi Gas Chemical Company Inc, 6.4.17 Petroliam Nasional Berhad (PETRONAS), 7. China alone produces 65% of the world’s methanol and utilizes this fuel for transport. The growing use of fuel blended renewable methanol is expected to be a major trend in the market. The report presents major market trends. Our trusted and reliable independent reports cover contract and spot markets in Europe and the US, and spot activity in Asia and China. The country accounted for more than 20 million metric tons of coatings production, which is close to 30% of the global coatings output. In this process, instead of a tubular reformer, an ATR is used which significantly reduces steam addition to freestreams. The forecast exhibits the market prospects through 2025. This production is expected to contribute to the demand for numerous derivatives, such as formaldehyde, acetic acid, and MMA, and is expected to boost the demand for methanol. The worldwide market for Methanol Market is expected to grow at a CAGR of roughly x.x% over the next ten years, and will reach US$ XX.X Mn in 2028, from US$ XX.X Mn in 2018, according to a new Market.us (Prudour Research) study. Report scope can be customized per your requirements. Request a Free sample to learn more about this report.. The increasing use of methanol as a transportation fuel is one of the major factors propelling market growth. Methanol, a common name for methyl alcohol is a commodity chemical used in numerous applications directly or further modified chemically to manufacture a variety of other chemical compounds. China is the leading producer of paints and coatings across the world. On the flipside, hazardous impacts on health as a result of exposure to methanol are expected to hinder the growth of the market. Additionally, the United States is continuously focusing on increasing the methanol-based fuel consumption rate in its transportation sector. … Whereas, in Europe and North America, the blending of fuel is limited up to a few percentages in gasoline. To understand geography trends, Download Sample Report. “The Methanol market is projected to register a CAGR of 5.5% during the forecast period, in terms of value.” The global Methanol market is estimated to be USD 20.4 billion in 2020 and is projected to reach USD 26.6 billion by 2025, at a CAGR of 5.5% from 2020 to 2025. Formaldehyde dominated the market and is expected to grow at a healthy during the forecast period, owing to the increasing applications in the construction, automotive, and personal care industry. The report offers historical and forecast market size, demand and production forecasts, end-use demand The five-year forecast viewhows how the market is expected to grow in coming years. Along with qualitative information, this report includes the quantitative analysis of various segments in terms of market share, growth, opportunity analysis, market … Sign up today for your free Reader Account! Methanol is considered as a gasoline component for the purpose of internal combustion and other engines, either directly or in combination with gasoline, in the form of ether (MTBE) in gasoline and fatty acid ester (FAME) in diesel. As per the Guizhou government, by the end of 2019, Southwest China's Guizhou province had set a goal of launching 10,000 methanol vehicles, among which 7,000 vehicles were set to run in Guiyang. Globally, heavy fuels such as gasoline and diesel are the major contributors to environmental pollution, leading to numerous changes in the climate and global warming. One of the major factors driving the market studied is the increasing demand for methanol-based fuel. Formaldehyde dominated the market and is expected to grow at a healthy during the forecast period, owing to the increasing applications in the construction, automotive, and personal care industry. Methanol Market Size, Share & Forecast (2020 - 2025) The size and share of the Global Methanol Market size were worth USD 29.78 Billion in 2020 and are estimated to showcase a CAGR of about 13% between 2020 and 2025. partner content url: To understand key trends, Download Sample Report. Market Overview The market for methanol is expected to register a CAGR of around 5% during the forecast period. Increasing consumption of methanol for the production of dimethyl ether and Methyl tert-butyl ether (MTBE), utilized as the alternatives for gasoline, is expected to propel the growth. MMSA is a Singapore-based consulting firm that services the global methanol industry. Methanol contains a number of physical properties, which makes it ideal for the transportation sector. Automotive, manufacturing, and construction sectors are estimated to witness declines in terms of growth and outputs, owing to the lockdown called by the governments for a brief period. The market is segmented by Derivatives (Formaldehyde, Methanol-to-olefins/Methanol-to-propylene, Methyl Tert-butyl Ether/Tertiary Amyl Methyl Ether, Dimethyl Terephthalate, Acetic Acid, Dimethyl Ether, Methyl Methacrylate, Methylamines, and Other Derivatives), End-user Industry (Direct and Indirect), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report on Methanol Gasoline Market offers in-depth analysis of market trends, drivers, restraints, opportunities etc. Methanol is considered as a gasoline component for the purpose of internal combustion and other engines, either directly or in combination with gasoline, in the form of ether (MTBE) in gasoline and fatty acid ester (FAME) in diesel. Region market overview covers the following: production of methanol in a region/country, consumption trends, price data, trade in the recent year and manufacturers 4.30% CAGR, Methanol Market, Size, Outlook 2020-2027 Categorizes the Global Market by Type, By Application and by Region - Industry Analysis, Size, Share, Growth Opportunities, Trends, and … The report analyses some of the challenges that Methanol industry may have to face during the growth. However, formaldehyde emissions tend to increase especially at cold-starts. ICIS publishes weekly reports on the methanol markets in Asia, China, Europe and the US. Furthermore in India, the government is pushing the usage of methanol as fuel in vehicles and as cooking fuel, to promote sustainable development with less damage to the environment. Some of these major players include Methanex Corporation, SABIC, Zagros Petrochemical Co., Yankuang Group, and Proman AG, among others. The market for methanol is expected to register a CAGR of around 5% during the forecast period. Nov 12, 2020 (The Expresswire) -- The global methanol market is set to grow astonishingly backed by the rising shift of the transportation industry towards methanol-powered vehicles. The government has also launched 13 methanol filling stations. The methanol market in APAC is expected to hold the largest share by 2027 owing to the APAC’s dominance in the global market, mainly due to the rising demand for methanol and its by-products from the construction, automotive, textile, and furniture industries. Asia-Pacific dominated the market across the world, with the largest consumption from countries, such as China and India. Such factors are boosting the demand for the market studied. © 2021 GlobeNewswire, Inc. All Rights Reserved. It currently produces more than half of the Asia-Pacific coatings, and is home to more than 10,000 paint companies, among which local producers occupy more than half of the domestic paint market share. In this study, 2020 is expected to see as the base year and 2025 as the estimated year for forecasting the market size of methanol. According to a new study by Transparency Market Research (TMR), the global market for methanol is likely to have a steady growth during 2017-2026. By 2026 end, the global market for methanol is estimated to bring in US$ 131,344.3 million revenue. After a detailed analysis, Triton Market Research has concluded that the global methanol market is expected to display an upward trend and is estimated to grow at a CAGR of 5.42% in terms of revenue over the forecast period from 2019 to 2027. It is furthermore also used in the manufacturing of safer alternatives to conventional gasoline, like dimethyl ether (DME) and methyl tert butyl ether (MTBE). Moreover, the outbreak of COVID-19 have led to a halt of operations in many sectors of various countries. Transition of Fuel Industry to Cleaner Fuels is a Prominent Trend. Click here. Dec 22, 2020 (AmericaNewsHour) -- The global methanol market is estimated to reach USD 91.53 billion by 2026 growing at a CAGR of 9.8% during the forecast … China alone produces 65% of the world's methanol and utilizes this fuel for transport. The market for methanol is expected to register a CAGR of around 5% during the forecast period. Australia has adopted the use of GEM blended fuels (gasoline, ethanol, and methanol), and it blends almost 56% of methanol. This rise in market value can be attributed to … All Rights Reserved to Mordor Intelligence. The Methanol market report estimates 2018 - 2026 market development trends for Methanol industry. According to the Coherent Market Insights analysis, the Philippines and Myanmar have passed various policies mandating the use of fuel blended with renewable methanol by the end of 2020. Methanol fuel is used in China as various blends, ranging from M5 to M100. Dublin, Jan. 15, 2020 (GLOBE NEWSWIRE) -- The "Methanol Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.The market for methanol is expected to register a CAGR of greater than 5% during the forecast period.One of the major factors driving the market studied is the increasing demand for methanol-based fuel. The global methanol market size was estimated to be USD 38.9 billion in 2018 and is forecasted to grow at a CAGR of 9.8 % from 2019 to 2026. Forecast Global Methanol Fuel Industry trends will present the market drivers, constraints and growth opportunities. The global methanol market is segmented on the basis of type, application, and geography. We are always looking to hire talented individuals with equal and extraordinary proportions of industry expertise, problem solving ability and inclination. DUBLIN, Jan. 15, 2020 /PRNewswire/ -- The "Methanol Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.. The Asia-Pacific region dominated the global market share. Methanol Market by Application (Formaldehyde, Acetic acid, Gasoline, Methanol-to-Olefins (MTO)) - Global Industry Analysis & Forecast to 2027 Industry Outlook and Trend Analysis. The Asia-Pacific region dominated the global market share. © 2020. Since methanol is easily available and highly efficient, it is widely used as a transport fuel and anti-freeze agent for auto radiators in the automotive sector. This growth can be attributed to the rapidly expanding automotive industry in developing nations such as India and China on account of the rising demand for vehicles. MI member Methanol Market Services Asia (MMSA) has provided its most recent historic methanol market assessment of key global pricing and supply/demand figures. This production is expected to contribute to the demand for numerous derivatives, such as formaldehyde, acetic acid, and MMA, and is expected to boost the demand for methanol. The "Methanol Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.. All vital Global Methanol Fuel Industry verticals are presented in thistudy like Product Type, Applications and Geographical Regions. Under the Methanol Economy program by NITI Aayog, the production capacity is expected to increase up to 20 metric ton of methanol annually, by 2025, using Indian high ash coal, stranded gas, and biomass. Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Increasing demand for methanol-based fuel from the marine industry is likely to act as an opportunity in the future. Whereas, in Europe and North America, the blending of fuel is limited up to a few percentages in gasoline. Methanol has an ability to reduce emissions of carbon monoxide, hydrocarbons, and nitrogen oxides, as compared to gasoline. One of the major factors driving the market studied is the increasing demand for methanol-based … Methanol fuel is used in China as various blends, ranging from M5 to M100. The global methanol market is partially fragmented in nature, with the top eight players accounting for about 41.63% of the global production capacity. Some of these major players include Methanex, SABIC, Methanol Holdings (Trinidad) Ltd, LyondellBasell Industries Holdings BV, and Petronas.Key Highlights, Asia-Pacific to Dominate the Global Market, Key Topics Covered 1 INTRODUCTION1.1 Study Assumptions1.2 Scope of the Study2 RESEARCH METHODOLOGY3 EXECUTIVE SUMMARY4 MARKET DYNAMICS4.1 Drivers4.1.1 Expanding Petrochemical Sector in China and Other Asia-Pacific Countries4.1.2 Rising Demand for Methanol-based Fuel4.1.3 Growing Utilization of Methanol in the Production of Olefins Using MTO4.2 Restraints4.2.1 Usage of Ethanol Fuel or Bio Ethanol in Comparison to Methanol4.3 Industry Value Chain Analysis4.4 Porter's Five Forces Analysis4.5 Global Capacity by Key Feedstock4.6 Technological Snapshot4.7 Trade Analysis5 MARKET SEGMENTATION5.1 Derivatives5.1.1 Formaldehyde5.1.2 Methanol-to-olefins (MTO)/Methanol-to-Propylene (MTP)5.1.3 Methyl Tert-butyl Ether (MTBE)/Tertiary Amyl Methyl Ether (TAME)5.1.4 Dimethyl Terephthalate (DMT)5.1.5 Acetic Acid5.1.6 Dimethyl Ether (DME)5.1.7 Methyl Methacrylate (MMA)5.1.8 Methylamines5.1.9 Others5.2 Geography5.2.1 Asia-Pacific5.2.2 North America5.2.3 Europe5.2.4 South America5.2.5 Middle East & Africa6 COMPETITIVE LANDSCAPE6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements6.2 Market Share Analysis6.3 Strategies Adopted by Leading Players6.4 Company Profiles6.4.1 Atlantic Methanol6.4.2 BASF SE6.4.3 Fairway Methanol LLC6.4.4 Enerkem6.4.5 Eni S.p.A. (Ecofuel S.p.A.)6.4.6 Gujarat Narmada Valley Fertilizers & Chemicals Ltd.6.4.7 Methanex Corporation6.4.8 Methanol Holdings (Trinidad) Ltd.6.4.9 Mitsubishi Gas Chemical Company Inc.6.4.10 Oberon Fuels6.4.11 OCI N.V.6.4.12 Petroliam Nasional Berhad (PETRONAS)6.4.13 Saudi Basic Industries Corporation (SABIC)6.4.14 Zagros Petrochemical Co.6.4.15 Yankuang Group6.4.16 LyondellBasell6.4.17 Helm AG6.4.18 Southern Chemical Corporation7 MARKET OPPORTUNITIES AND FUTURE TRENDS7.1 Use of Methanol in New Expanding Fuel Applications, such as in Marine For more information about this report visit https://www.researchandmarkets.com/r/488mt3. The global methanol market size was estimated at USD 31.81 billion in 2018 and is projected to accelerate at a CAGR of 2.9% from 2019 to 2025. Global Methanol Market is expected to rise from its initial estimated value of USD 83.30 billion in 2018 to a projected value of USD 130.68 billion by 2026, registering a CAGR of 5.79% in the forecast period of 2019-2026. The Methanol Market has encountered significant development over the recent years and is anticipated to grow tremendously over the forecast period. Other countries, including Israel, Italy, Japan, and South Korea, majorly use methanol as a fuel. The Methanol market was valued at USD 25.1 billion by 2018, growing with 7.2% CAGR during the forecast period, 2019-2025.. Methanol is a single carbon chemical which is produced from natural gas, coal, biomass. Outlook in France to 2025 - Market Size, Price Trends and Trade Balance, provides up to date in-depth information on Frances Methanol industry. The post New Business Study on Methanol Market by Emerging Trends, Share, Growth Rate, Opportunities And Market Forecast To 2028 appeared first on Comserveonline. Methanol Market Trends Auto Thermal Reforming - Large-scale plants using natural gas as feedstock are increasingly using auto thermal reforming (ATR) for production of methanol. The "Methanol Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering. As a result of the aforementioned factors, methanol-based fuel has been driving the methanol market, globally, and the market studied is estimated to grow during out the forecast period. Dublin, Jan. 15, 2020 (GLOBE NEWSWIRE) -- The "Methanol Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering. The market is anticipated to register CAGR of 5.4%. China is the leading producer of paints and coatings across the world. The Methanol Market is expected to rise from its initial estimated value of USD 83.30 billion in 2018 to a projected value of USD 130.68 billion by … Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). Market Trends. The market for methanol is expected to register a CAGR of around 5% during the forecast period. Israel planned to cut the usage of oil in transportation up to 60% by 2025. MARKET OPPORTUNITIES AND FUTURE TRENDS, 7.1 Use of Methanol in New and Expanding Fuel Applications, Nanakramguda Rd, Financial District, Gachibowli. Under the Methanol Economy program by NITI Aayog, the production capacity is expected to increase up to 20 metric ton of methanol annually, by 2025, using Indian high ash coal, stranded gas, and biomass. One of the major factors driving the market studied is the increasing demand for methanol-based fuel. Mid-level or high-level fuel blends of alcohol could enable manufacturers for designing high-efficiency engines, to compensate for the low energy density of methanol. This report provides an in-depth analysis of the global methanol market. Other countries, including Israel, Italy, Japan, and South Korea, majorly use methanol as a fuel. 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