Methanol Industry Worth USD 61 Billion by 2022 -Foresight Research

May 10, 2017

Methanol Market is expected to witness the same growth during the forecast period, Methanol Market is expected to touch more than USD 61 Billion by 2022 with a CAGR of around 7.5% | Methanol Market

Pune, India - May 10, 2017 /MarketersMedia/ —

Market Highlight
The global methanol market has seen a positive growth over the past few years and as per MRFR analysis, the global market is expected to witness a similar growth during the forecast period. The global methanol market is expected to touch more than USD 61 Billion by 2022 with a CAGR of around 7.5%.

While commenting upon this deep diving study report, presented through more than 100 market data tables and figures, widely spread over 141 pages, the MRFR team Research Analysts further states, The global methanol market has been majorly driven by its rising demand from the application industries. Construction and automotive industry have been expected to become the major contributor to the global Methanol market. Methanol is a major component used in internal combustion engines of vehicles which enhance the vehicle efficiency. Also the increasing demand for bio-fuel has also resulted in the growth of methanol market.

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Methanol (also known as methyl alcohol, wood alcohol, wood spirits and carbinol), is a widely available chemical which has physical and chemical characteristics similar to that of conventional fuels. Methanol has many industrial applications and is also found in a number of household products including varnishes, antifreeze, windscreen wash, and fuel for model aircraft. Every day approximately 225 million liters of methanol is used globally. Methanol is used to produce other chemical derivatives, which in turn are used to produce thousands of products that touch our daily lives.

Methanol Global Market – Synopsis & Scenario
The global methanol industry has undergone dramatic changes in the past 15 years. These changes have included a shift in regional demand dominance, the development of new end uses, and the emergence of new production centers. These factors have resulted in new trade flows, pricing and economic dynamics which have previously not existed in the industry with closer links to other chemical product areas, adding further complexity in determining market direction.

Methanol is a potential replacement for conventional transportation fuel such as petrol and diesel. Moreover, methanol has improved safety and low production costs, which will boost its adoption as transportation fuel. Owing to the increasing methanol use in filling stations and flexible fuel vehicles, various combinations of methanol are being used nowadays, which will drive Methanol market’s growth during the forecast years (2017 – 2022)

Regional Analysis
In terms of geography, the APAC region accounted for the highest market shares during 2016 and is likely to continue its growth trajectory over the next four years. Much of this market’s growth in the region is attributed to the rising demand for methanol and its derivatives from the construction, automotive, textile, and furniture industries. China is one of the key leading countries in APAC, and the demand for methanol and its derivatives primarily stems from the country's energy and petrochemicals sectors. The increasing concern for the environment has led to the implementation of regulatory mandates on producing eco-friendly products and emission control, which will further drive the market's growth in the region in the next five years.

Scope of the study
By Derivatives
• Formaldehyde
• Methyl Tertiary Butyl Ether (MTBE)
• Acetic Acid
• Dimethyl Ether (DME)
• Biodiesel
• Others
By Application
• Construction
• Automotive
• Electronics
• Paints & Coatings
• Pharmaceuticals
• Chemicals
• Others

Taste the market data and market information presented through more than 100 market data tables and figures spread in 141 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Methanol Market Information from 2016 to 2022"

Key Player
• BASF SE
• SABIC
• Mitsubishi Gas Chemical
• Mitsui & Co.
• Celanese Corporation
• Methanex Corporation
• Reliance Industries
• Gujarat Narmada Valley Fertilisers & Chemicals
• Methanol Holdings
• Petronas

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Study Objectives of Methanol Market:
• To provide detailed analysis of the market structure along with forecast for the next 6 years of the various segments and sub-segments of the methanol market
• To provide insights about factors affecting the market growth
• To analyze the methanol market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia-Pacific, and RoW.
• To provide country level analysis of the market with respect to the current market size and future prospective
• To provide country level analysis of the market for segments by derivatives, application and regions

Table of Content
1 Executive Summary
2 Scope of the Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview of Global Methanol Market
6 Market Trends
7. Global Methanol Market by Region
8. Global Methanol Market by Derivatives (Formaldehyde, Methyl Tertiary Butyl Ether (MTBE), Acetic Acid, Dimethyl Ether (DME), Biodiesel And Others)
9. Global Methanol Market by Application (Construction, Automotive, Electronics, Paints & Coatings, Pharmaceuticals, Chemicals and others)
10. Company Profiles
11 Conclusion

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Release ID: 197926

Alex Eala leads prodigies as Asian Games to open in Japan Saturday

NAGOYA, Japan — The 20th Asian Games will open in Japan later Saturday with a glittering ceremony following a stuttering build-up to a multi-sport spectacular that has more participants than the Olympics. The first gold medal will be won on Sunday morning, likely in the men's individual triathlon, and will be followed by 468 more in 45 sports before the curtain comes down on October 4. The event, which has 2028 Olympics places up for grabs in several sports, will be graced by global stars but has been dogged by a series of problems. The 17,000 participants -- more than the Olympics -- stretched organizers to the limit as they scrambled to find accommodation for everyone. To save money there is no traditional athletes' village, competitors instead staying in a combination of temporary container-style huts, hotels and the cruise ship Costa Serena. To add to the problems, there was a record deluge last week which flooded parts of Nagoya city and now a typhoon is approaching eastern Japan that could cause further disruption. Some athletes were left stranded at the airport when transport failed to turn up and several teams have complained about the quality of the huts, including the beds being too short. Weather forecasters are predicting that a typhoon could hit Japan's main island -- where Nagoya is situated -- on Sunday or Monday. Organizers are insisting that the latest edition of the Games, which were first held in 1951, will be "the most spectacular for generations." Basketball, football and cricket are among the sports already under way. As always at the Asian Games, Olympics staples such as athletics and swimming will sit side-by-side with regional favourites like sepak takraw and kabaddi. In a bid to attract younger viewers there will be eSports, breakdancing and BMX cycling. Padel, the fast-growing racquet sport, and MMA will make their Asian Games debuts. Prodigies Among those competing will be Philippine tennis sensation Alexandra Eala and a pair of prodigies in 15-year-old Indian cricketer Vaibhav Sooryavanshi and 13-year-old Chinese swimmer Yu Zidi. Yu will be in action in the pool straightaway on Sunday in the heats of the women's 200m butterfly. Taiwan boxer Lin Yu-ting will also be competing, two years after she won Paris Olympics gold in the middle of a major gender row that saw her eligibility questioned. Hosts Japan will look to their Olympic champions for success, with gymnast Shinnosuke Oka and javelin thrower Haruka Kitaguchi named in their team. North Korea will have more than 100 athletes competing across 14 sports, aiming to "bring joy to Marshal Kim Jong Un." China will again expect to top the medals table after winning a whopping 201 golds and 383 medals on home soil in Hangzhou at the Covid-delayed Games in 2023. They are sending more than 800 athletes, including 36 Olympic champions. Sooryavanshi will be part of an India cricket team looking to make a statement before the sport returns to the Olympics in Los Angeles after an absence of 128 years. India could face bitter rivals Pakistan in the final at Nagoya's new purpose-built cricket ground -- if forecast rain does not intervene.