Methyl alcohol Market Size, Major Strategies, Key Companies, Revenue Share Analysis, 2028
Reports and Data estimates the global Methyl alcohol competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2028 as the forecast period. The report offers CAGR and market size for the global Methyl alcohol during the forecast period.
The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include SABIC, LyondellBasell Industries Holdings BV, Methanex Corporation, PETRONAS, Methyl alcohol Holdings Limited, BASF SE, Celanese Corporation, Mitsubishi Gas Chemical Company Inc., Mitsui & Co. Ltd., and Enerkem, among others.
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Methyl alcohol Overview :-
The methyl alcohol market is projected to grow at a rate of 5.20% in terms of value, from 2020 to reach USD 30.74 Billion by 2028. Methyl alcohol finds application as an affordable substitute for transportation fuels. The advantages offered by methyl alcohol comprises lower cost of production as it is cheap to produce in comparison to other alternative fuels, enhanced safety as it has a lower risk of inflammability relative to gasoline, and it can be produced from a variety of carbon-based feedstock, including coal and natural gas. Moreover, it can be used in reducing fuel consumption while improving domestic fuels. Globally, methyl alcohol is evolving as a clean and sustainable fuel for the transportation industry. Methyl alcohol may be blended with gasoline in low-quantities for use in current on-road vehicles, or it can be used in high-proportion blends like dedicated methyl alcohol-fueled vehicles or M85-M100 in flex-fuel. There has been an increasing trend towards usage of methyl alcohol as an alternative to diesel fuel.
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For the purpose of this report Reports and Data has segmented global Methyl alcohol market on the basis of type, application, and region:
Type Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
· No-Renewable Methyl alcohol
· Renewable Methyl alcohol
Feedstock Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
· Coal
· Natural Gas
Application Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
· Formaldehyde
· Acetic Acid
· Methyl Tert-Butyl Ether (MTBE)
· Dimethyl Ether (DME)
· Fuel Blending
· Olefins
· Biodiesel
· Others
Industry Vertical Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
· Automotive
· Construction
· Electronics
· Paints & Coatings
· Others
Key Regional Markets Covered in the Report:
· North America (U.S.A., Canada, Mexico)
· Europe (Italy, U.K., Germany, France, Rest of Europe)
· Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
· Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
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Key Questions answered by the Report:
· What is the expected year-on-year growth of the Methyl alcohol during the forecast period?
· What key trends are expected influence revenue growth of the market going ahead?
· Which region is expected to account for largest revenue share over the forecast period?
· Which key companies are profiled in the report?
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