Global Methanol Market to Grow at Healthy CAGR by 2022, States Merchant Research & Consulting in Its Report Available at MarketPublishers.com08 Jun 2017 • by Natalie Aster
LONDON – Fueled by such factors as surging demand for petrochemicals, increasing adoption of methanol as fuel in the automotive industry, rising olefins production from methanol-to-olefin/methanol-to-propylene (MTO/MT) especially in China, among others, the global methanol market is predicted to grow at the high stable rate during 2017-2021. However, further market growth could be significantly restrained by increasing use of fuel grade ethanol or/and bio-ethanol instead of methanol.
At present, the lion’s share of the total methanol consumption is held by the automotive industry. For instance, in 2015 it accounted for over 20% of the overall methanol market. Nowadays, the demand for methanol as a transport fuel is rising at high pace, driven majorly by its beneficial cost.
Regionally, APAC is anticipated to maintain its leadership in the global methanol marketplace, registering the highest CAGR up to 2021. China is the most promising market in the region.
All-encompassing research report by Merchant Research & Consulting, titled “Methanol: 2017 World Market Outlook and Forecast up to 2021”, provides a detailed analysis of the methanol market on a global, regional and country scales. It provides a reader with relevant historical and current data for the market performance as well as offers forecasts for the market future development up till 2022. Moreover, the report examines the market dynamics, identifies the key growth drivers, restraints and challenges; traces light on the ongoing and future possible trends, highlights methanol price fluctuations, uncovers updated statics on methanol capacities, production, consumption and foreign trade. It also reviews global methanol projects and presents insights into feedstock market. Besides, this insightful research report provides profiles of the prominent market participants and sheds light on their recent activities.
Many other in-demand research reports by Merchant Research & Consulting are provided in its vast online catalogue at MarketPublishers.com.