The report "Methanol Market by Feedstock (Natural Gas and Coal), Derivative (Formaldehyde, MTO/MTP, Gasoline, MTBE, and MMA), Sub-derivative (UF/PF Resins and Olefins), End-Use Industry (Construction, Automotive, and Electronics) and by Region - Global Trends & Forecasts to 2021", The global methanol market is projected to reach USD 54.16 Billion by 2021, registering a CAGR of 12.4% between 2016 and 2021. This growth is fueled by the use of methanol as fuel in the automotive industry, increasing olefins production from methanol-to-olefin (MTO)/methanol-to-propylene (MTP) plants in China, and increasing petrochemicals demand, globally.

Download Free PDF Brochure: http://bit.ly/2UDUis2

The methanol market has a few global players competing significantly for the market share, who are actively investing in various strategies such as expansions and joint ventures & agreements globally to increase their market. Also, companies are investing in R&D activities. Key players such as Methanex Corporation (Canada), SABIC (Saudi Arabia), PETRONAS (Malaysia), Mitsubishi Gas Chemical Company (Japan), and Mitsui & Co., Ltd. (Japan) have adopted various organic and inorganic developmental strategies. The diverse product portfolio and strategically positioned R&D centers, continuous adoption of development strategies, and technological advancements are few factors that are responsible for strengthening the position of these companies in the market. They have been adopting various organic and inorganic growth strategies such as joint ventures & agreements and expansions to enhance the current market scenario of methanol.

These stakeholders include:

Methanol manufacturers
Methanol traders
Distributors and suppliers
End-use market participants of different segments of methanol
Government and research organizations
Associations and industrial bodies
Research and consulting firms
R&D institutions
Environment support agencies
Investment banks and private equity firms
Speak to Analyst: http://bit.ly/2OZqIb5

Automotive is the largest end-use industry of the market and accounted for more than 20% of total market share in 2015. Methanol can be used directly in internal combustion engines of vehicles and aircrafts, with similar efficiency to diesel engines. Currently, methanol is used as an ideal fuel for transportation in many parts of the world, due to its efficient combustion, and low cost compared to all other fuels.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : +1-888-600-6441
Email: [email protected]