Research Nester has published a report titled Methanol Market: Global Demand Analysis & Opportunity Outlook 2028” which delivers detailed overview of the global methanol market in terms of market segmentation by feedstock, by derivatives, by end user and by region.
Methanol is a light combustible liquid, which is also known as wood alcohol and methyl alcohol. It produces less pollution and majorly created by coal, natural gas and renewable resources which make it safe and environment friendly product. Methanol contains a number of physical properties, which makes it ideal for the transportation sector also.
The methanol market is anticipated to grow by a significant CAGR of around 7% over the forecast period, i.e., 2020-2028. The feedstock segment is segmented into natural gas and coal. The segment for natural gas is anticipated to hold the leading share in the market during the forecast period owing to the increasing demand for natural gas from several regions around the world. In the statistics by theU.S. Energy Information Administration (EIA), total consumption of natural gas in the United States peaked to 31014345 MMcf in the year 2019 from 24086797 MMcf in the year 2010.
Based on region, the methanol market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Asia pacific is estimated to hold the largest share on account of presence of nations, such as China, India and Japan, where there are several end user industries that use methanol.
Request Sample of This Strategic Report @ https://www.researchnester.com/sample-request-683
Rising Involvement of the Government in the Promotion of Usage of Methanol
Increasing promotional awareness for methane and its usage by the government of nations around the world so as to reduce environmental pollution, coupled with the rising demand for methanol from several end user industries are some of the factors anticipated to drive the growth of the global methanol market.
However, thecost related to the conversion of methane into liquid formis expected to hamper the growth of methanol market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the methanol market which includes company profiling of Honeywell International Inc. (NYSE: HON), Mitsui & Co., Ltd(TYO: 8031), Methanex Corporation(TSE: MX), Mitsubishi Gas Chemical Company, Inc. (TYO: 4182), Valero Marketing and Supply Company(NYSE:VLO), Celanese Corporation(NYSE:CE), Methanol Holdings (Trinidad) Limited, Bp p.l.c. (LON: BP), Shell International B.V. and CNOOC Limited (HKG: 0883).
Ask the Analyst@ https://www.researchnester.com/ask-the-analyst/rep-id-683
About Research Nester
Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.
U.S. Phone: [+1 646 586 9123]
U.K. Phone: [+44 203 608 591]