Business

Global Methanol Market to Reach 99 Million Tons by 2022

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.
( PR4US.com | Press Release | 2017-05-16 23:41:18 )
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.

Get free sample report: http://www.expertmarketresearch.com/request?type=report&id=65&flag=B

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.

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.
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.
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.

Read full report with TOC: http://www.expertmarketresearch.com/reports/methanol-market

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

Top players

Methanax
SCC
SABIC
MGC
Mitsubishi
PETRONAS
IPCC
Mitsul

Find more reports related to chemical & material industry: http://www.expertmarketresearch.com/categories/chemicals-market-reports

About Us

Expert Market Research (EMR) is a market research and consultancy firm providing syndicated and custom research along with consultancy services to a wide clientele base which includes Fortune 1000 companies as well as small and medium enterprises. With our tailored approach, the clients gain valuable and unbiased insights that help to improve their competitive edge and realize sustainable growth.

With a keen focus on the qualitative aspect as well as accuracy of the reports, we align our resources and services as per the client’s requirement and offer a flexible engagement model that best suits their needs. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical & Materials, Energy & Mining, Packaging and Agriculture.

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Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
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http://www.expertmarketresearch.com

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