(MENAFN - GetNews) The global methanol market size is expected to reach nearly a $360 billion by 2021
The global methanol market size is expected to reach nearly a $360 billion by 2021, growing at a CAGR of 7% during the forecast period. The growth in the methanol market is due economic growth - the methanol manufacturing market is expected to benefit from steady economic growth forecasted in many developed and developing countries. The US economy is expected to register stable growth during the forecast period as well. The emerging markets continue to grow significantly and is expected to reach slightly higher than the developed markets in the forecast period. Greater economic growth will drive public and private investments, joint ventures, foreign direct investments and R & D activities, thereby driving the demand for methanol. For instance, in 2017, Yuhuang Chemical, a subsidiary of China based Shandong Yuhuang Chemical Co. Ltd has invested about $1.85 billion to build a methanol manufacturing complex in Louisiana, US. Rising disposable income in developing countries is also driving the demand for methanol. With the rise in disposable income, spending on industries using methanol such as automobiles, housing, textiles and others has increased. Request a copy of this research report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=813 & type=smp.
However, the market for methanol is expected to face certain restraints from several factors such as Interest Rate Increases increasing interest rates are expected to restrict growth of the methanol market, particularly in developed nations including the US and Europe, during the forecast period. This will decrease the flow of money available for investment in the forecast period, making operations and expansion expensive for companies in capital-intensive industries such as petrochemical companies. For instance, in December 2017, the US Federal Reserve increased interest rates by a quarter-percentage point to a target range of nearly 1.25% to 1.5%. Additionally, the US Federal Reserve is expected to further increase interest rates in 2018 and 2019. China's Central Bank also raised interest rates to limit the flow of capital out of the country. These factors are expected to have a negative impact on the methanol market as borrowing money becomes expensive, thereby affecting the market growth and reduction in free trade - trade barriers are expected to have a negative impact on the methanol market during the forecast period.
Theglobal methanol marketis further segmented based on type and geography.
By Type -The methanol market is segmented into formaldehyde, MTO/MTP, fuel blending, acetic acid, dimethyl ether, MTBE, solvents, methylamines, MMA, chloro-methanes, and others.
By Geography -The global methanol market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Asia-Pacific methanol market is the largest region in the world. It currently accounts for almost $5 billion or more than 44% of the global methanol market. China is the biggest producer of methanol. Its production accounts for more than 90% of the world's total production capacity..
Methanol Market Trends
Large-scale plants using natural gas as feedstock are increasingly using auto thermal reforming (ATR) for production of methanol. In this process, instead of a tubular reformer, an ATR is used which significantly reduces steam addition to freestreams, as the major trend in the global Methanol market.Potential Opportunities In The Methanol MarketWith growth in emerging market and increased use of methanol in industries, the scope and potential for the global methanol market is expected to significantly rise in the forecast period.
Few Points from Table of Contents:
4.Methanol Market Regional And Country Analysis
4.1.Global Methanol Market, Split By Region, 2017
4.2.Global Methanol Market, Historic And Forecast Growth Rate, Split By Region, 2013-2021
4.3.Global Methanol Market, Split By Country, 2017
4.4.Global Methanol Market, Historic And Forecast Growth Rate, Split By Country, 2013-2021
5.Methanol Market Segmentation
5.1.Global Methanol Market, Split By Segments, 2017, $ Billion
5.2.Global Methanol Market, Historic and Forecast, Split By Segments, 2013-2021
6.Global Methanol Market Comparison with Macro Economic Factors
6.1.Methanol Market Size, Percentage Of GDP, Global
6.2.Per Capita Average Methanol Expenditure, Global
7.Methanol Market Comparison With Macro Economic Factors Across Countries
7.1.Methanol Market Size, Percentage Of GDP, By Country
7.2.Per Capita Average Methanol Expenditure, By Country
8.North America Methanol Market
8.1.North America Methanol Market Overview
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