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COVID-19: Responding to the Business Impacts of Methanol Market 2019 – Size, Share, Trends, Growth & Report 2025 | Expert Market Research

Methanol Market

Methanol, also known as wood alcohol, is a volatile, combustible, colourless and noxious liquid with the chemical formula CH3OH. It is a polar liquid at room temperature and exhibits excellent blending properties. Methanol also has a high octane and oxygen content due to which it produces a cleaner burning gasoline which helps to lower the emissions caused by vehicle exhaust.

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Methanol finds broad range of applications in various industries. It is extensively used as a denaturing and anti-freezing agent. It is also used as an industrial solvent for resins and inks, adhesives to wood items, and dyes. Methanol holds a key position in the chemical industry where it is extensively used in the production of formaldehyde, acetic acid, di-methyl terephthalate (DMT) and some other solvents. Additionally, in the energy industry, it can be used either solely as a vehicle fuel or can be blended with gasoline to produce a fuel which is more efficient as compared to the conventional gasoline. According to Expert Market Research, the global methanol market reached a volume of 87.5 Million Tons in 2019 and is further expected to reach 112 Million Tons by 2025.

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Market breakup by Applications:

  • Formaldehyde
  • Dimethyl Ether
  • Gasoline
  • Chloromethane
  • MTBE/TAME
  • Acetic Acid
  • DMT/Others
  • MTO/MTP
  • Solvents
  • Methylamines
  • Methyl Methacrylate

Market Breakup by Major Regions:

  • China
  • Asia (excluding China)
  • Europe
  • North America
  • Latin America

Key findings from the report:

  • Methanol serves a number of application domains which include formaldehyde, dimethyl ether, gasoline, chloromethane, MTBE/TAME, acetic acid, DMT/others, MTO/MTP, solvents, methylamines and methyl methacrylate. In 2018, formaldehyde production represented the most popular application segment, accounting for nearly 30% of the total share.
  • Region-wise, China dominated the market with a share of around half of the total global demand. China was followed by Asia (excluding China), Europe, North America and Latin America.
  • On a competitive front, the global methanol market is fragmented and consists of a number of small and big players operating in the market. In 2018, Methanax represented the world’s largest methanol producer followed by SCC, SABIC, MGC, Mitsubishi, PETRONAS, IPCC and Mitsul.

Competitive Landscape & Supplier Analysis:

  • Methanax
  • SCC
  • SABIC
  • MGC
  • Mitsubishi
  • PETRONAS
  • IPCC
  • Mitsul

Related Links:

https://www.expertmarketresearch.com/reports/latam-silicones-market
https://www.expertmarketresearch.com/reports/europe-silicones-market

Note 1: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

Note 2: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

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About the author

Matt Johnson

The veterinary orthopedic implant market expects to churn good growth during the forecast period of 2018-2026 due to the rising demand for effective animal care. Other factors include the multiplying of animal hospitals and veterinary doctors. In addition, the availability of a plethora of treatment and surgery options is also increasing the growth rate of the veterinary orthopedic implant market.