© Copyright khedmeh Wall
The global methanol market is projected to grow from USD
30.9 billion in 2023 to USD 38.0 billion by 2028, at a CAGR of 4.2% from 2023
to 2028. The research report provides demand analysis, methanol
market size, share, industry insights, competitive intelligence, and
customer database. The growth of the construction, automotive, and electronics
industries plays a key role in driving the methanol market.
Based on feedstock, the coal segment is projected to
be the fastest-growing segment during 2023 to 2028. The growth of this segment
can be attributed as coal is considered to be the sustainable alternative raw
material for large-scale methanol production. Coal is widely used in the areas
where there is less availability of natural gas.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=425
Based on derivative, the MTO/MTP segment is
projected to be the fastest-growing segment during 2023 to 2028. The methanol
derivative market is classified into formaldehyde, acetic acid, gasoline,
biodiesel, methanol-to-olefins/methanol-to-propylene (MTO/MTP), methyl methacrylate
(MMA), methyl tert-butyl ether (MTBE), dimethyl ether (DME), among others. Due
to high demand of plastics such as polyethylene and polypropylene, the demand
of MTO is increasing in various countries such as China.
Based on sub-derivative, the olefins segment is
projected to be the fastest-growing segment during 2023 to 2028. The demand for
olefins is increasing due to the large-scale methanol production and high
feedstock availability in various regions.
Based on end-use industries, the solvent segment
is projected to be the fastest-growing segment during 2023 to 2028. This growth
is due to the increasing demand for solvents in the pharmaceutical,
construction, and paints & coatings industries.
Based on region, Asia Pacific is projected to be the
fastest-growing market for methanol during the forecast period. The demand for
methanol market is increasing due to the continuous rise in the production of
methanol for fuel additives, construction, and automotive applications in the
region The excessive growth and innovation along with the industry
consolidations, are expected to increase the demand of methanol in the region.
Get Sample Copy of this Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=425
LIST OF KEY COMPANIES PROFILED IN THE REPORT
Report Coverage:
The research report offers an in-depth analysis of the
industry and highlights prominent areas, such as distribution channels,
competitive landscape, and key product types. The report also offers insights
into the latest market trends and highlights key developments in the industry.
Browse Detailed Research Summary Report:
https://www.marketsandmarkets.com/ResearchInsight/methanol-market.asp
The Wall