Home Press Releases Methanol Market to reach USD 40.58 Bn at a CAGR of 5.93 percent by the end of the forecast period

Methanol Market to reach USD 40.58 Bn at a CAGR of 5.93 percent by the end of the forecast period

by Press Room

(EMAILWIRE.COM, March 29, 2023 ) The total market opportunity for Methanol Market was USD 27.11 Bn in 2021 and is expected to grow at 5.93 percent CAGR through the forecast period by reaching nearly USD 40.58 Bn by 2029.

Methanol Market Research Methodology

The main objective of the report is to identify drivers and challenges in the Methanol industry. The Methanol Market report offers a SWOT analysis, PESTLE analysis, and Porter’s five force analysis of top players and markets that offer key insight into these companies’ strengths, weaknesses, opportunities and threats.

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Methanol Market Dynamics

There are immense applications of methanol in day-to-day products which is expected to present lucrative opportunities for market growth over the forecast period. The use of Methanol for the production of chemicals in the manufacturing of foams, windshield washer fluids and plywood subfloors are the factors expected to influence the Methanol Market growth.

Methanol Market Regional Insights

The Methanol Market in the Asia Pacific region is expected to grow at a high CAGR during the forecast period. This growth of the market is expected majorly due to the shifting consumer preference towards sustainable fuels in the region.

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Methanol Market Segmentation

By Feedstock
Natural Gas

By Derivatives
Methyl Tertiary Butyl Ether (MTBE)
Acetic Acid
Dimethyl Ether (DME)
Methyl Methacrylate (MMA)

By Sub-Derivatives
Gasoline additives
UF/PF resins
Acetate Esters
Acetic anhydride

By End-User
Paints & Coatings
Packaging (PET bottles)

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Methanol Market Key Competitors include:

Atlantic Methanol Production Company
Celanese Corporation
Eastman Chemical Company
Methanex Corporation
Methanol Holdings Limited
Mitsubishi Gas Chemical Co., Inc.
Zagros Petrochemical Company
Southern Chemical Corporation

Maximize Market Research is leading Material and Chemical research firm, has also published the following reports:

ethanol Market– The market size is expected to reach USD 152.2 billion by 2029 at a CAGR of 5.5 percent during the forecast period.

Bioethanol Market– The market size is expected to reach USD 111.48 billion by 2029 at a CAGR of 14.21 percent during the forecast period.

About Maximize Market Research:

Maximize Market Research provides B2B and B2C research on 6,500 high-growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.

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