Posted on 14 Dec 2018
Methanol, also known as wood alcohol, is a volatile, combustible, colourless and noxious liquid with the chemical formula CH3OH. It is a polar liquid at room temperature and exhibits excellent blending properties. Methanol also has a high octane and oxygen content due to which it produces a cleaner burning gasoline which helps to lower the emissions caused by vehicle exhaust.
Methanol finds broad range of applications in various industries. It is extensively used as a denaturing and anti-freezing agent. It is also used as an industrial solvent for resins and inks, adhesives to wood items, and dyes. Methanol holds a key position in the chemical industry where it is extensively used in the production of formaldehyde, acetic acid, di-methyl terephthalate (DMT) and some other solvents. Additionally, in the energy industry, it can be used either solely as a vehicle fuel or can be blended with gasoline to produce a fuel which is more efficient as compared to the conventional gasoline. According to Expert Market Research, the global methanol market reached a volume of 84 Million Tons in 2018 and is further expected to reach 107 Million Tons by 2024.
Global Methanol Market: Volume Demand Forecast 2018-2024 (in Million Tons)
Key findings from the report:
Expert Market Research has analysed the global methanol market according to applications, major regions and top players:
Market breakup by Applications
Market breakup by Major Regions
Expert Market Research (EMR) is a market research and consultancy firm providing syndicated and custom research along with consultancy services to a wide clientele base which includes Fortune 1000 companies as well as small and medium enterprises. With our tailored approach, the clients gain valuable and unbiased insights that help to improve their competitive edge and realize sustainable growth.
With a keen focus on the qualitative aspect as well as accuracy of the reports, we align our resources and services as per the client’s requirement and offer a flexible engagement model that best suits their needs. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical & Materials, Energy & Mining, Packaging and Agriculture.
The Asia Pacific silicones market is expected to reach a volume of about 2 million metric tons by 2024, registering a CAGR of nearly 5% during the forecast period of 2019-2024. Asia Pacific is expecte...
Aided by the growth in the global silicones market, which is projected to grow at a CAGR of about 5% during the forecast period of 2019-2024, the Latin America silicones market is expected to reach ...
The global silicones market grew at a CAGR of around 5% in the period 2014-2018. The healthy growth of the global silicones market has aided the Europe silicone market, which is expected to reach a ca...
The North America silicones market has grown at a CAGR of around 4% in during 2014-2018. Due to the rising demand for silicone elastomers in the USA and Canada, the market for silicones in North Ame...
The betaines market in North America is expected to reach a volume of around 200 KMT by 2024 and the global betaines market is projected to expand at a CAGR of about 4% during 2018-2024.
Have any queries or concern?