Methanol Market Size, Scope, and Share by 2031
Methanol Market: Strategic Insights
Methanol Market
-
CAGR (2023 - 2031)5.9% -
Market Size 2023
US$ 30.38 Billion -
Market Size 2031
US$ 48.13 Billion
Market Dynamics
GROWTH DRIVERS
- Growing demand in the automotive and energy sectors
- Increasing use in the production of chemicals
- Expansion in emerging economies
FUTURE TRENDS
- Development of renewable methanol production methods
- Growth in methanol use as a fuel alternative
- Increase in demand for methanol-based chemicals
OPPORTUNITIES
- Development of bio-based vinyl acetate monomers
- Technological advancements in production processes
- Increasing demand in renewable energy applications
Key Players
- METHANEX CORPORATION
- OCI N V
- BASF SE
- SABIC
- MITSUBISHI GAS CHEMICAL COMPANY INC
- HELM AG
- CELANESE CORPORATION
- ZAGROS PETROCHEMICAL COMPANY
- MITSUI AND CO LTD
- LYONDELLBASELL INDUSTRIES HOLDINGS B V
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Derivative - Formaldehyde
- Acetic Acid
- Methanol-to-Olefins/ Methanol-to-propylene
- Methyl Tertiary-Butyl Ether
- Methyl Methacrylate
- Biodiesel
- Dimethyl Ether
End-Use Industry - Automotive
- Construction
- Electronics
- Packaging
- Pharmaceuticals
- Paints and Coatings
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