Global Methanol Market to Reach 99 Million Tons by 2022 Copyright Š 2017 Expert Market Research. All Rights
REPORT DESCRIPTION
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.
REPORT DESCRIPTION
Global Methanol Market: Volume Demand Forecast 2016-2022 (in Million Tons)
Source: Expert Market Research
REPORT DESCRIPTION
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.
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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.
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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.
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REPORT DESCRIPTION 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
REPORT DESCRIPTION Top players • • • • • • • •
Methanax SCC SABIC MGC Mitsubishi PETRONAS IPCC Mitsul
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