Global Methanol Market Size By Feedstock, By Derivative, By End-User, By Geographic Scope And Forecast
Methanol MarketSize And Forecast
Methanol Market was valued at USD 30.85 Billion in 2019 and is projected to reach USD 38.49 Billion by 2027, growing at a CAGR of 2.8% from 2020 to 2027.
Global Methanol Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Growing consumption of methanol for the making of dimethyl ether and Methyl tert-butyl ether (MTBE), cumulative use of methanol as a fuel in automobiles owing to enhanced engine performance and improved fuel efficiency and government initiatives to decrease global carbon footprint are major factors anticipated to boost growth of global methanol market. However, high cost of associated with conversion of methane into liquids for the use in diverse applications and end-user may hamper the growth of market.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The Global Methanol Market is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
Global Methanol Market Competitive Landscape
The Global Methanol Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as BASF SE, Celanese Corporation, Methanex Corporation, Petroliam Nasional Berhad, SABIC, Valero Marketing and Supply Company, Mitsubishi Gas Chemical Company Inc., Mitsui & Co. Ltd, Zagros Petrochemical Company and Simalin Chemical Industries Limited.
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