Methanol Market- Roadmap for Recovery from COVID-19 | Increasing Use of Methanol as a Transportation Fuel to Boost the Market Growth | Technavio

The global methanol market size is expected to grow by USD 15.62 billion during 2020-2024, progressing at a CAGR of over 10% during the forecast period. Download latest version with COVID-19 analysis Free Sample Report

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Technavio has announced its latest market research report titled Global Methanol Market 2020-2024 (Graphic: Business Wire)

The increasing use of methanol as a transportation fuel is one of the major factors propelling market growth. However, factors such as the fluctuating methanol prices will hamper the market growth.

Methanol, also known as wood alcohol, has physical and chemical characteristics similar to that of conventional fuels. This makes methanol a potential replacement for conventional transportation fuel such as petrol and diesel. Moreover, methanol has improved safety and low production costs, which will boost its adoption as a transportation fuel. Owing to the increasing methanol use in filling stations and flexible fuel vehicles, various combinations of methanol ranging from M3 to M85 are being used nowadays, which will drive methanol market size.

More details: www.technavio.com/report/methanol-market-industry-analysis

Global Methanol Market: End-user Landscape

Methanol is widely used in the automotive industry, where it is combined with gasoline and used in the internal combustion engines of vehicles. The conventional fuels used in the automotive industry are now being successfully replaced with more efficient alternatives, like ethylene glycol and propylene. In the automotive industry, derivatives of methanol, such as biodiesel, gasoline blended MTBE/TAME, and DME, are also used extensively.

Global Methanol Market: Geographic Landscape

APAC was the largest methanol market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The rising demand for methanol and its derivatives from the construction, automotive, textile, and furniture industries will significantly drive methanol market growth in this region over the forecast period. 71% of the market's growth will originate from APAC during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for methanol in APAC. Market growth in this region will be faster than the growth of the market in other regions.

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Companies Covered

• BASF SE
• BP Plc
• Celanese Corp.
• ENERKEM Inc.
• Eni Spa
• LyondellBasell Industries NV
• Methanex Corp.
• OCI NV
• Petroliam Nasional Berhad
• Proman AG

   

What our reports offer:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers market data for 2019, 2020, till 2024
• Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

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Methanol Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist in methanol market growth during the next five years
• Estimation of the methanol market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the methanol market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of methanol market, vendors

Table of Contents:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five force summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by End-user

• Market segments
• Comparison by End-user
• Automotive - Market size and forecast 2019-2024
• Construction - Market size and forecast 2019-2024
• Electronics - Market size and forecast 2019-2024
• Paints and coatings - Market size and forecast 2019-2024
• Others - Market size and forecast 2019-2024
• Market opportunity by End-user

Market Segmentation by Derivative Type

• Market segments
• Comparison by Derivative Type
• Formaldehyde - Market size and forecast 2019-2024
• Acetic acid - Market size and forecast 2019-2024
• Gasoline - Market size and forecast 2019-2024
• DME - Market size and forecast 2019-2024
• Others - Market size and forecast 2019-2024
• Market opportunity by Derivative Type

Customer landscape

• Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• BASF SE
• BP Plc
• Celanese Corp.
• ENERKEM Inc.
• Eni Spa
• LyondellBasell Industries NV
• Methanex Corp.
• OCI NV
• Petroliam Nasional Berhad
• Proman AG

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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View source version on businesswire.com: https://www.businesswire.com/news/home/20201027005873/en/