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Methanol Market

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Methanol is extensively utilized at filling stations and as alternative fuel which is expected to drive the demand for methanol. Methanol is widely used at various industries such as construction, automotive, textile, and furniture industries. 
METHANOL MARKET - Global Industry
Insights, Trends, Outlook, and Opportunity
Analysis, 2016–2024
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REPORT DESCRIPTION
Methanol Market Overview
Methanol is a liquid which is manufactured mostly through oxidization of methane or through synthesis of carbon
monoxide and hydrogen. Methanol is termed as wood alcohol since it depicts properties similar to conventional
fuels. Methanol is chiefly utilized as a fuel in vehicles as well as an antifreeze solution in automobiles. It is also
used as a feedstock for manufacturing various products such as formaldehyde, acetic acid, MTBE, DME, and
others. It is used widely in numerous other industrial applications. It is a volatile, colorless, toxic, and flammable
liquid. Globally, methanol is produced at around 90 methanol plants. Most of these methanol plants are located in
Asia Pacific, Latin America, North America and others.
Methanol market is segmented on the basis of feedstock type, application, and end-use industry. On the basis of
feedstock type, the market is segmented into oil & gas and coal. Oil & gas feedstock segment is expected to
contribute the major market share in the global market. However, lower cost of coal has boosted coal based
production of methanol. On the basis of application, methanol market is segmented into formaldehyde, acetic
acid, MTBE, DME, and gasoline. Formaldehyde application segment of methanol holds major market share and is
expected to dominate the overall market during the forecast period.
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REPORT DESCRIPTION
Methanol Market Taxonomy
The global methanol market is classified on the basis of the following segments:
Feedstock Type

Oil & Gas

Coal
Application

Formaldehyde

Acetic Acid

MTBE

DME

Gasoline
End-use Industry

Automotive

Construction

Others
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REPORT DESCRIPTION
Prevalent Scenario in Methanol Market
Methanol is extensively utilized at filling stations and as alternative fuel which is expected to drive the demand
for methanol. Methanol is widely used at various industries such as construction, automotive, textile, and
furniture industries. Increased activities in these industries have further boosted the demand for methanol across
the globe. Energy and petrochemical industries have increased their production which has led to high demand for
methanol in these industries. Formaldehyde and acetic acid are widely used derivatives of methanol across the
globe. Natural gas is the primary source of feedstock for manufacturing methanol. Asia Pacific is the leading
market for methanol across the globe. China dominates the methanol market in Asia Pacific. China has been
utilizing coal as the primary source of feedstock for methanol production owing to its low cost and easy
availability. Share of coal feedstock is expected to increase owing to increase in share of China in global methanol
market.
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REPORT DESCRIPTION
Future Outlook of Methanol Market
Globally, various mixtures of methanol are being utilized as alternative fuel source for vehicles and other
applications. This trend is expected to boost the demand for methanol. Derivatives of methanol are
widely used for various industrial applications and processes which are expected to boost the demand for
methanol in these industries. Applications such olefins, DME, and gasoline blending provide huge
growth opportunities for methanol market. Regions such Middle East and Africa and Latin America have
also boosted the production of methanol owing to easy availability and low cost of natural gas in these
regions. Production of methanol in North America has also increased owing to shale gas boom in the
region. Production cost of methanol in North America has become competitive owing to these factors.
Excess supply of methanol in the market and improved safety factors are expected to further drive the
demand for methanol owing its low cost of production. Additionally, growing demand for biofuels and
strict emissions norms are expected to further drive the demand for methanol across the globe during the
forecast period. Asia Pacific is expected to be the leading market for methanol during the forecast period
owing to high demand from countries such as China, India, Japan, and others.
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