Methanol Market Growth, Outlook, Demand, Keyplayer Analysis and Opportunity 2022-2027

Global Methanol Market Research and Forecast Report 2022-2027

Author: Elena Anderson

Marketing Manager

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Global Methanol Market Research Report 2022-2027:

According to the latest report by IMARC Group, titled “ MethanolMarket:GlobalIndustryTrends,Share,Size,Growth,OpportunityandForecast2022-202 7

”, the global methanol market size reached US$ 32.7 Billion in 2021.

Methanol, also known as wood alcohol, is a colorless liquid produced via the reaction of syngas and hydrogen in the presence of a catalyst. It is miscible in water, alcohol, ether, ketones and most other organic solvents. Methanol can be manufactured from a variety of carbon-based feedstock such as natural gas, coal and biomass (e.g., wood). The easy availability of these materials has facilitated its production across the globe. In recent years, the demand for methanol has escalated as owing to its wide utilization as a paint and varnish remover, as a chemical intermediate, and in the preparation of enamels, plastics, and films.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Global Methanol Market Market Trends: Methanol has diverse applications in various industries ranging from energy and chemical to wastewater treatment. In the energy sector, methanol finds application in the manufacturing of Dimethyl ether (DME), a clean fuel that can be utilized as a substitute to propane. In the chemical industry, it is used to produce formaldehyde and acetic acid, which are further employed in the production of adhesives, paints, plywood, solvents, foams, plastics, explosives and antifreeze.

It is also used in wastewater treatment plants in the denitrification process. Apart from this, owing to the cost-effectiveness of methanol, along with a lower rate of evaporation and radiant heat energy, it offers the possibility of replacing fossil fuels, thereby lowering the emissions of greenhouse gases. Owing to these properties, governments of several countries are promoting the use of methanol as a cleaner alternative for transportation and cooking fuels. Looking forward, the market value is projected to reach US$ 44.7 Billion by 2027, expanding at a CAGRof5.3%duringtheforecastperiod(2022-2027).

View Report TOC, Figures and Tables: https://www.imarcgroup.com/methanol-technical-material-market-report

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Key Market Segmentation

The research report includes the following segments:

Breakup by Application:

• Formaldehyde

• Dimethyl ether

• Gasoline

• Chloromethane

• MTBE/TAME

• Acetic acid

• Others

Regional Insights:

• China

• Asia-Pacific (excluding China)

• Europe

• North America

• Latin America

• Middle East and Africa

Breakup by Region:

• China

• Asia-Pacific (excluding China)

• Europe

• North America

• Latin America

• Middle East and Africa

Competitive Landscape:

The competitive landscape of the market has also been analyzed with the detailed profiles of the key player operating in the market.

Report Description

1.Whatwastheglobalmethanolmarketsizein2021?

2.Whatwillbetheglobalmethanolmarketoutlookduringtheforecastperiod(2022-2027)?

3.Whataretheglobalmethanolmarketdrivers?

4.Whatarethemajortrendsintheglobalmethanolmarket?

5.WhatistheimpactofCOVID-19ontheglobalmethanolmarket?

6.Whatistheglobalmethanolmarketbreakupbyapplication?

7.Whatarethemajorregionsintheglobalmethanolmarket?

Clickheretovisitthecompletetableofcontentwithlistoffiguresandtables: https://www.imarcgroup.com/methanol-technical-material-market-report/toc

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