The report on global methanol market provides qualitative and quantitative analysis for the period of 2016 to 2024. The report predicts the global methanol market to grow with a CAGR of 11.9% over the forecast period of 2018-2024. The study on methanol market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific and RoW for the period of 2016 to 2024.
The methanol is a light, flammable clear liquid that is produced by dehydration of Carbone monoxide. The methanol is harmful to humans as methanol is more toxic then ethanol. Among the derivatives of methanol, the demand of Formaldehyde is growing very rapidly. Formaldehyde is used in the various chemical reaction as they provide high purity and abundant uses with low cost. The methanol is mainly used in the formation of formaldehyde as well as, it also used in the formation of various solvents including acidic acid propylene and dimethyl ether which are used as anti-freezers. In addition, methanol is used as a fuel in various cars as they are capable of producing high speed but there are some restriction on the uses of methanol due to its high flammable property.
The rapidly growing use of methanol in the energy applications such as automotive fuel, marine fuel, dimethyl ether, bio diesel and others is the driving the growth of methanol market worldwide. According to Trusted source, the emerging energy application consumes 40% of total methanol. In addition, the rising demand of clean burning fuel and fuel substitutes as bio diesel is anticipated to enhance the growth of methanol market. Also, Methanol by-products are used in the several industrial applications including production of petrochemicals, synthesis of chemicals, automotive sector, construction & building and pharmaceuticals. The diverse applications of methanol in various industries is likely to boost the growth of methanol market over the forecast period. However, Flammable property of methanol restricts its use in various applications which may hamper its market growth. Moreover, ongoing research and development activities on the use of methanol as alternative of gasoline products is projected to create the more opportunities in upcoming years.
Geographically, Asia pacific accounts for the largest share in the market of methanol. In the Asia-pacific region, china dominates the market of methanol owing to its ongoing industrialization and the availability of coal and natural gas in china. Furthermore, North America and Europe regions are growing with the highest CAGR. The demand of methanol is rising globally, the North America and the Europe regions have Unconventional supply of natural gas that boost the market of methanol in this regions.
The report on methanol market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global methanol market over the period of 2016 to 2024. Moreover, the report is collective presentation of primary and secondary research findings.
Porter’s five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global methanol market over the period of 2016 to 2024. Further, IGR- Growth Matrix given in the report brings an insight on the investment areas that existing or new market players can consider.
A) Primary Research
Our primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached through
1. Key Opinion Leaders associated with Infinium Global Research
2. Internal and External subject matter experts
3. Professionals and participants from LinkedIn, Hoovers, Factiva and Bloggers
Our primary research respondents typically include
1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/ country managers
5. Vice President level executives.
B) Secondary Research
Secondary research involves extensive exploring through the secondary sources of information available in both public domain and paid sources. At Infinium Global Research, each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.
The secondary sources of the data typically include
1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies
The global methanol market is segmented on the basis of source, derivatives and end-use industry.
Global Methanol Market by Source
? Natural Gas
Global Methanol Market by Derivatives
? Acetic Acid
? Dimethyl Ether (DME)
Global Methanol Market by End-Use Industry
? BASF SE
? Methanex Corporation
? Mitsubishi Gas Chemical Co., Inc. (MGC)
? Methanol Holdings (Trinidad) Limited(MHTL)
? Celanese Corporation
? Petroliam Nasional Berhad (Petronas)
? Zagros Petrochemical Company (ZPC)
? Mitsui & Co., Ltd.
? Eastman Chemical Company
? Atlantic Methanol Production Company
How this report delivers?
1. Comprehensive analysis of global as well as regional markets of methanol market.
2. Complete coverage of all the segments in methanol market to analyze the trends, developments in the global market and forecast of market size up to 2024.
3. Comprehensive analysis of the companies operating in global methanol market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. IGR- Growth Matrix presents analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.