August 29, 2022 07:00 ET | Source: Data Bridge Market Research Data Bridge Market Research
LONDON, Aug. 29, 2022 (GLOBE NEWSWIRE) -- Data Bridge Market research has recently released expansive research titled "Global Methanol Market" which guarantees you will remain better informed than your competition. This study provides a broader perspective of the marketplace with its comprehensive market insights and analysis which eases survival and success in the market. Methanol Market research report execution is becoming very vital for businesses to gain success because it offers many benefits including insights into revenue growth and sustainability initiative. The large-scale Methanol Market research report is an absolute overview of the market that takes into account various aspects of product definition, market segmentation based on various parameters, and the established merchant landscape. This industry report also offers businesses the company profile, product specifications, production value, manufacturer's contact information, and market shares for the company. Moreover, the Methanol Market business report blends all-inclusive industry analysis with particular estimates and forecasts to provide complete research solutions with the greatest clarity for strategic decision-making.
Global Methanol Market was valued at USD 29.20 billion in 2021 and is expected to reach USD 41.43 billion by 2029, registering a CAGR of 4.47% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
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Over recent years, clean fuels have gained a lot of traction. For environmental reasons, the usage of low-emission fuels has risen dramatically. During the assessment period, the use of methanol as a component in clean fuels might be a major development driver for the global methanol market.
Methanol, also known as methyl alcohol, wood spirit, or wood alcohol, is the most basic member of the alcohol family of chemical molecules. Methanol is now made by mixing carbon monoxide gas with hydrogen directly in the presence of a catalyst. Traditionally, it was made by distilling wood in a harmful manner.
Historic Years - 2020 (Customizable to 2014 - 2019)
Furthermore, key manufacturers are focusing on expanding their production capabilities to meet growing market demand and extend profitable opportunities to the market players in 2022 to 2029. Additionally, the increased interest in low-emission fuels will further expand the future growth of the methanol market.
Some of the major players operating in the Methanol market are:
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The methanol market is segmented on the basis of type, derivatives, sub- derivatives and end-use industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
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Methanol Market Regional Analysis/Insights
The methanol market is analyzed and market size insights and trends are provided by country, type, derivatives, sub- derivatives and end-use industry as referenced above.
The countries covered in the methanol market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth in this region is attributed to the presence of key manufacturers within the region.
On the other hand, Asia-Pacific is estimated to show lucrative growth over the forecast period of 2022-2029, due to the shift of consumer preference toward sustainable fuels in the region.
Key Questions Answered in This Report: –
Section 02: scope of the report
Section 08: market segmentation by product
Section 09: market segmentation by Application
Section 11: market segmentation by end-user
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