The global methanol market is expected to reach USD 40.50 Billion by 2027, according to a new report by Reports and Data. Methanol is used as an alternative fuel for transportation, owing to its ease of distribution and availability, and combustion-efficiency across the globe. It is a high octane fuel that allows effective performance in internal combustion (IC) engines. Engines optimized for methanol-fuel could deliver an energy-efficiency gain of around 50.0% over a standard gasoline engine in a light-duty automobile. Moreover, it can be used in IC engines as a substitute for diesel fuels.  It has been found that Heavy-duty dual-fuel engines functioning on diesel and methanol fuels can enhance efficiency and substantially reduce emissions for buses, trucks, and off-road vehicles.

Growing acceptance of methanol-to-olefins (MTO) process is expected to drive the market growth in the upcoming years. MTO is an essential reaction for both industrial applications and fundamental research. Propylene and ethylene are among the significant intermediates used in the petrochemical industry. Worldwide, these intermediates are produced primarily by steam cracking of hydrocarbons, including naphtha, ethane, and propane. The MTO process is a substitute method to produce these olefins from methanol feedstock that can be derived from raw materials, including natural gas or coal.

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Key participants include:

SABIC, LyondellBasell Industries Holdings BV, Methanex Corporation, PETRONAS, Methanol Holdings Limited, BASF SE, Celanese Corporation, Mitsubishi Gas Chemical Company Inc., Mitsui & Co. Ltd., and Enerkem, among others.

Further key findings from the report suggest

• By type, non-renewable methanol dominated the market in 2018 and is estimated to grow at a rate of 2.4% in the forecast period. Methanol is a vital and versatile chemical for the chemical industry, primarily used in the production of chemicals, including solvents and anti-freezes, additives for gasoline, or biodiesel production process.
• By feedstock, natural gas contributed to a larger market share in the forecast period and is likely to grow at a rate of 2.7% in the forecast period.
• By application, formaldehyde accounted for the largest market share in 2018 and is anticipated to witness a growth rate of 2.3% in the period 2019-2027. It is an essential used in plywood for home construction, window/door insulation for modern airliners, and fuel system components for automobiles. Formaldehyde offers superior utility for consumers in the form of consistent quality, extended use, and reliable performance & safety.
• By industry vertical, the automotive industry dominated the market in 2018 and is expected to witness a CAGR of 2.5% in the forecast period.
• The market in the Asia Pacific region held the largest market share in 2018 and is likely to experience a growth rate of 3.0% in the period 2019-2027. The market dominance of the APAC is attributed to the surging demand for methanol and its derivatives from the end-user industries in the region.

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For the purpose of this report, Reports and Data have segmented the global methanol market on the basis of disease type, feedstock, application, industry vertical, and region:

Type Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)

• No-Renewable Methanol
• Renewable Methanol

Feedstock Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)

• Coal
• Natural Gas

Application Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)

• Formaldehyde
• Acetic Acid
• Methyl Tert-Butyl Ether (MTBE)
• Dimethyl Ether (DME)
• Fuel Blending
• Olefins
• Biodiesel
• Others

Industry Vertical Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)

• Automotive
• Construction
• Electronics
• Paints & Coatings
• Others

Regional Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)

• North America
  • U.S.
• Europe
  • UK
  • France
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
• MEA

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About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Contact Us:

John W

Head of Business Development

Reports and Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: [email protected]

Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs

Read Full Press Release: https://www.reportsanddata.com/press-release/global-methanol-market

The post Methanol Market Size To Reach USD 40.50 Billion By 2027 Says Reports And Data first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.

The global methanol market is expected to reach USD 40.50 Billion by 2027, according to a new report by Reports and Data. Methanol is used as an alternative fuel for transportation, owing to its ease of distribution and availability, and combustion-efficiency across the globe. It is a high octane fuel that allows effective performance in internal combustion (IC) engines. Engines optimized for methanol-fuel could deliver an energy-efficiency gain of around 50.0% over a standard gasoline engine in a light-duty automobile. Moreover, it can be used in IC engines as a substitute for diesel fuels.  It has been found that Heavy-duty dual-fuel engines functioning on diesel and methanol fuels can enhance efficiency and substantially reduce emissions for buses, trucks, and off-road vehicles.

Growing acceptance of methanol-to-olefins (MTO) process is expected to drive the market growth in the upcoming years. MTO is an essential reaction for both industrial applications and fundamental research. Propylene and ethylene are among the significant intermediates used in the petrochemical industry. Worldwide, these intermediates are produced primarily by steam cracking of hydrocarbons, including naphtha, ethane, and propane. The MTO process is a substitute method to produce these olefins from methanol feedstock that can be derived from raw materials, including natural gas or coal.

Access Free sample PDF Copy of the Report @ https://www.reportsanddata.com/sample-enquiry-form/2393

Key participants include:

SABIC, LyondellBasell Industries Holdings BV, Methanex Corporation, PETRONAS, Methanol Holdings Limited, BASF SE, Celanese Corporation, Mitsubishi Gas Chemical Company Inc., Mitsui & Co. Ltd., and Enerkem, among others.

Further key findings from the report suggest

• By type, non-renewable methanol dominated the market in 2018 and is estimated to grow at a rate of 2.4% in the forecast period. Methanol is a vital and versatile chemical for the chemical industry, primarily used in the production of chemicals, including solvents and anti-freezes, additives for gasoline, or biodiesel production process.
• By feedstock, natural gas contributed to a larger market share in the forecast period and is likely to grow at a rate of 2.7% in the forecast period.
• By application, formaldehyde accounted for the largest market share in 2018 and is anticipated to witness a growth rate of 2.3% in the period 2019-2027. It is an essential used in plywood for home construction, window/door insulation for modern airliners, and fuel system components for automobiles. Formaldehyde offers superior utility for consumers in the form of consistent quality, extended use, and reliable performance & safety.
• By industry vertical, the automotive industry dominated the market in 2018 and is expected to witness a CAGR of 2.5% in the forecast period.
• The market in the Asia Pacific region held the largest market share in 2018 and is likely to experience a growth rate of 3.0% in the period 2019-2027. The market dominance of the APAC is attributed to the surging demand for methanol and its derivatives from the end-user industries in the region.

Request for Custom Research @ https://www.reportsanddata.com/request-customization-form/2393

For the purpose of this report, Reports and Data have segmented the global methanol market on the basis of disease type, feedstock, application, industry vertical, and region:

Type Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)

• No-Renewable Methanol
• Renewable Methanol

Feedstock Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)

• Coal
• Natural Gas

Application Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)

• Formaldehyde
• Acetic Acid
• Methyl Tert-Butyl Ether (MTBE)
• Dimethyl Ether (DME)
• Fuel Blending
• Olefins
• Biodiesel
• Others

Industry Vertical Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)

• Automotive
• Construction
• Electronics
• Paints & Coatings
• Others

Regional Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)

• North America
  • U.S.
• Europe
  • UK
  • France
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
• MEA

Buy now your Exclusive copy of Report @ https://www.reportsanddata.com/checkout-form/2393

Explore Reports and Data’s Prime Analysis of the global Materials and Chemicals Industry:

Ammonium Phosphate Market Size, Share, Trends & Analysis, Report By Type (Ammonium Polyphosphate, Di-Ammonium Phosphate (DAP), Mono-Ammonium Phosphate (MAP)), By Application (Fertilizers, Flame Retardant, Food & Beverage, Water Treatment Chemicals, Others), By Region, Competitive Strategies and Segment Forecasts for 2016-2026

Agricultural Chelates Market Size, Share & Analysis, By Type (EDTA, EDDHA, DTPA, IDHA, Others), By Application (Soil Application, Seed Dressing, Foliar Sprays, Fertigation, Others), By Micronutrient Type (Iron, Manganese, Others), By Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Others), By End-Use (Agriculture, Indoor Farming), And By Region Forecast To 2028

Borosilicate Glass Market Size, Share & Analysis By Type (Non-Alkaline Earth, Alkaline Earth Containing, High-Borate), Byapplication (Heat-Resistant Glass Panels, Display Screens, Lighting Glass, Sealing Glasses, Neutral Glasses, Cosmetic Containers, Solar Glass, Glass Microspheres, Others), By Region, Segment Forecast To 2027

Acoustic Metamaterials Market By Type (Resonant Membrane, Periodic Resonators, Sonic Crystal), By Application Type (Seismic Wave Reflection, Vibration Control, And Others), And Region-Global Forecast To 2027

Gracilaria Agarose and Gelidium Agarose Market Size, Share & Analysis, By Type (Gracilaria Agarose, Wild Harvest, Aquaculture, Gelidium Agarose, Wild Harvest, Aquaculture), By Application (Agarose Gel Electrophoresis, Protein Purification, Food & Beverage, Cosmetic, Microbiology, Others), By Region Forecast To 2027

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Contact Us:

John W

Head of Business Development

Reports and Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: [email protected]

Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs

Read Full Press Release: https://www.reportsanddata.com/press-release/global-methanol-market

The post Methanol Market Size To Reach USD 40.50 Billion By 2027 Says Reports And Data first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.