Global Methanol Market Encouraged by Rising Demand in the Chemicals and Energy Industries

Methanol is an important raw material in the chemical and energy industries. It is used in the production of a number of chemical compounds such as formaldehyde, dimethyl ether (DME), gasoline, methyl tert-butyl ether (MTBE), etc. As a result of increased consumption in these end-use industries, the global methanol market has grown at a CAGR of more than 9% during 2008-2015.

IMARC Group’s new report titled, “Methanol Market – Industry Trends, Prices, Manufacturing Process, Applications, Raw Materials, Manufacturers, Regional Breakup and Mass Balance” provides an in-depth analysis of the global methanol market. Methanol is a colourless liquid with a sweet smell similar to that of ethanol. It is the simplest of alcohols with the chemical formula CH3OH. Although it is poisonous to human beings, methanol has diverse applications in a number of industries. In the chemicals industry, it is used to produce formaldehyde, acetic acid, di-methyl terephthalate (DMT) and solvents. In the energy industry, it is used to manufacture methyl tert-butyl ether (MTBE), bio-diesel, tertiary amyl methyl ether (TAME), di-methyl ether (DME), etc. It is also used in the production of various products such as paints, plastics, plywood, explosives, antifreeze, etc. Other applications of methanol are in fuel cells, gasoline blending, wastewater treatment, methanol-to-olefins and methanol-to-gasoline conversions. By volume, methanol is one of the top 5 chemical compounds shipped around the world each year. Driven by an increasing consumption of methanol in its end-use industries, the global methanol market reached a value of nearly US$ 38.8 Billion in 2015, growing at a CAGR of more than 9% during 2008-2015.

Browse full report at: http://www.imarcgroup.com/methanol-technical-material-market-report

The report has analysed the global methanol market on the basis of major end-users of methanol. Formaldehyde production currently represents the largest consumer of methanol accounting for a third of the global consumption. Formaldehyde was followed by Dimethyl Ether, Gasoline, Chloromethane and MTBE/TAME. The report has segmented and analysed the market on the basis of the key global regions. China currently represents the largest consumer of methanol accounting for half of the total global demand. China was followed by Asia (excluding China), Europe, North America and Latin America. The report has also analysed the competitive landscape of the market. Some of the key players operating in this market include – Methanax, Southern Chemical Corporation (SCC), SABIC, MGC and Mitsubishi (MSK).

The report gives a detailed roadmap for starting a methanol manufacturing plant. The study, done by one of the leading research and advisory firms, covers all the requirements of the global methanol market. This ranges from a comprehensive view of the market to minute details of the industry performance, processing & manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are planning to foray into the methanol market in any manner.

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