The Methanol is produced by using natural gas, coal, oil, or renewable resources such as landfill gas and biomass as a feedstock. Methanol is an alternative for to fuel in the transportation industry owing to high octane rating and good blending properties. It is classified into various derivatives such as Gasoline, Formaldehyde, Methanol to Olefins/Methanol T0 Propylene (MTO/MTP), Methyl Tert-Butyl Ether (MTBE), Acetic Acid, Dimethyl Ether (DME), Methyl Methacrylate (MMA), Biodiesel, and Others.
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Top Key Players:
· BASF SE, Celanese Corporation, Methanex Corporation, SABIC, Petroliam Nasional Berhad (Petronas), Methanol Holdings Limited (MHTL), Valero Marketing Mitsubishi Gas Chemical Co., Inc. (MGC), and Supply Company, Zagros Petrochemical Company (ZPC), and Mitsui & Co., Ltd.
Top Regional scope:
· NorthAmerica
· Asia Pacific
· Europe
· Latin America
· Middle East
By Drivers, Global Methanol Market:
· Increase in demand for petrochemical products in various sectors is the key driving factor which is expected to boost the global methanol market growth. Furthermore, growing construction and automotive industries will increase demand for methanol globally, over the forecast period. Moreover, expanding petrochemical sector in various region such as North America and Asia Pacific region is expected to propel the growth of global methanol market. In addition to that, high demand for methanol based fuel in market will fuel the methanol market growth during this forecast period. Increase in usage of methanol in production of Olefins Using MTO will drive the methanol market growth.
By Restraints, Global Methanol Market:
· H
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By Feedstock:
- Coal Natural Gas Others
By End Users:
- Packaging (Pet Bottles)
- Pharmaceuticals Solvents Paints
- Coatings Electronics Construction Automotive
Client Attention:
What is market research?
· Gathering, evaluating, and interpreting data on a market, a product or service that will be sold in that market, and the past, present, and potential clients for the product or service constitute the process of conducting market research.
What are the different types of market research?
· Primary research, secondary research, qualitative research, and quantitative research are some of the several kinds of market research.
What is secondary research?
· Secondary research involves gathering information from already published sources, such online databases, industry journals, and market reports.
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