Methanol Market 2020 World Analysis and Forecast Till 2026

According to the new market research report by IndustryARC, “Asia Methanol Market: By Application (Formaldehyde, Acetic Acid, MTBE, DME, MTO, Glasoline Blending & Combustion and Others) & By Country (China, Japan, South Korea, Taiwan, India, Malaysia & Others) - (2018-2023)”, the market is driven by the growing methanol demand from formaldehyde derivatives.China continues to lead the market share and growth during 2018-2023.China has the highest production capacity in Asia and it is estimated that only China has a significant growth in its production capacities when compared to other countries in Asia.

New investments, domestic demand for methanol, cheap coal prices for methanol production and others are the driving factors for the increase in annual production capacities.

Also, China was the major country in the consumption of methanol in 2017 and is estimated to be the major country for the same during the forecast period 2018-2023.

India, which is one of the fastest growing market in the consumption of methanol for applications such as formaldehyde and acetic acid, would grow at a CAGR of 8.6% during the forecast period.Asia Methanol Market Analysis done in the full Report:Methanol which is the basic chemical for many applications in daily use, can be produced from many feed stocks.In Asia, China’s major feedstock for methanol production is coal, whereas rest of Asia uses natural gas.The methanol produced is used for chemical derivatives such as formaldehyde, acetic acid, MTBE, MTO and others.Among these, a high demand exists for formaldehyde, acetic acid and MTO and gasoline.These are used to produce products such as acetate esters, gasoline additives, olefins, resins and many more.The products derived from methanol are used in several industries such as automotive, paints & coatings, packaging, solvents, electronics and others.To access / purchase the full report browse the link below:https://industryarc.com/Report/15012/asia-methanol-market.html  Excerpts on Market Growth Factors Mentioned in the Full Report:The increased storage capacities for methanol in South Korea and methanol derivative applications are driving the demand and growth of the market.Demand for gasoline blending is one of the major driving factors for the methanol market in China.The demand from construction industry for formaldehyde, olefins for MTO, gasoline blending from automotive industry, drives the demand within the domestic market.The demand from end applications such as MMA and POM, which are used in manufacturing computers is driving the demand for methanol market.Key Players of the Asia Methanols Industry:Chang Chun and Lee Chang Yung Chemical Industry Corporation (LCYCIC) are the major producers of formaldehyde in Taiwan.

It is the only major company in Malaysia that produces MTBE and exports mainly to China and other countries.Asia Methanols Market Report is Segmented as below:Asia Methanols Market By Application:FormaldehydeAcetic acidMethanol-to-Olefins (MTO)Dimethyl ether (DME)Gasoline Blending & CombustionOthersAsia Methanols Market By Geography ( Covers 7+ Countries )Asia Methanols Market EntropyCompanies Citied / InterviewedPetroliam Nasional BerhadChina National Offshore Oil CorporationMethanex CorporationSinopec GroupCompany 5Company 6Company 10+Related Report:Purified Terephthalic Acid Markethttps://industryarc.com/Report/16211/purified-terephthalic-acid-market.htmlDimethyl Terephthalate Markethttps://industryarc.com/Report/16026/dimethyl-terephthalate-market.htmlWhat can you expect from the report?The Asia Methanols Market Report is Prepared with the Main Agenda to Cover the following 20 points:Market Size by Product CategoriesMarket trendsManufacturer LandscapeDistributor LandscapePricing AnalysisTop 10 End user AnalysisProduct BenchmarkingProduct DevelopmentsMergers & Acquisition AnalysisPatent AnalysisDemand Analysis ( By Revenue & Volume )Country level Analysis (12+)Competitor AnalysisMarket Shares AnalysisValue Chain AnalysisSupply Chain AnalysisStrategic AnalysisCurrent & Future Market Landscape AnalysisOpportunity AnalysisRevenue and Volume AnalysisFrequently Asked Questions:Does IndustryARC provide customized reports and charge additionally for limited customization?Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases.

We can provide the following free customizationIncrease the level of data in application or end user industry.Increase the number of countries in geography or product chapter.Find out market shares for other smaller companies or companies which are of interest to you.Company profiles can be requested based on your interest.Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.Any other major customizations can be discussed with our team, we can provide a separate quote based on your requirements.

The global methanol market size is estimated to grow from USD 24.0 billion in 2020 to USD 26.6 billion by 2025, at a CAGR of 5.5% during the forecast period.

Increasing demand from APAC will further drive the growth of the global methanol market.♦ Request Sample Report – https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=425 Celanese Corporation (Texas), BASF SE (Germany), Methanex Corporation (Canada), SABIC (Saudi Arabia), PETRONAS (Malaysia), Mitsubishi Gas Chemical Company (Japan), and Mitsui & Co., Ltd. (Japan) among others are the leading methanol manufacturers, globally.

These companies adopted expansion, joint venture, and merger & acquisition as their key growth strategies between 2016 and 2020 to earn a competitive advantage in the methanol market.Recent DevelopmentsIn February 2019, it acquired a 365-kt synthesis gas production unit from Linde AG, located at Clear Lake, Texas facility.

The acquisition strengthened the capability of managing future productivity and growth in the production of acetic acid.In June 2019, BASF and Sichuan Lutianhua Co., Ltd. (Lutianhua) signed an MoU to co-develop a pilot production plant that will significantly reduce carbon emissions and increase energy efficiency in producing dimethyl ether (DME) from syngas compared to the traditional process.In June 2020, Saudi Aramco acquired 70% stakes of SABIC from the Public Investment Fund (PIF), for a total purchase of USD 69.1 billion.

This transaction enhances Aramco’s presence in the global petrochemicals industry, a sector expected to record the fastest growth in oil demand in the years ahead.♦ Speak To Analyst – https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=425 Celanese Corporation (Texas) is the largest player in the methanol market, globally.

Celanese Corporation is one of the primary providers of chemical solutions and specialty materials used in various industries and consumer applications.

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The global methanol market  is set to grow astonishingly backed by the rising shift of the transportation industry towards methanol-powered vehicles.

The main reason for this is that methyl reduces the emissions of carbon dioxide in the atmosphere.

This information is given by Fortune Business Insights™ in a new report, titled, “Methanol Market Size, Share & Industry Analysis, By Feedstock (Natural Gas, Coal, Biomass & Renewables), By Derivative (Formaldehyde, Acetic Acid, MTBE, DME, Gasoline Blending, Biodiesel, MTO/MTP, Solvent, and Others), By Application (Construction, Automotive, Electronics, and Others) and Regional Forecast, 2020-2027.” The report further states that the methanol market size was USD 28.50 billion in 2019 and is projected to reach USD 40.48 billion by 2027, exhibiting a CAGR of 4.6% during the forecast period.

This Report Answers the Following Questions:What are the current trends and dynamics of the market?Which region is expected to dominate the market?What are the market drivers and hindrances?How will the companies cope with the COVID-19 pandemic?Drivers & Restraints-High Demand from Automotive & Construction Industries to Aid GrowthHeavy fuels, namely, diesel and gasoline are considered to be the major causes of environmental pollution.

They often result in global warming and rapid changes in climate.

Hence, the fuel industry is inclining towards methanol-infused fuels to lower the severe climatic conditions.