Some of the major factors driving the global methanol market
include efficiency of plants in producing the gas, availability of the natural
gas and the price factor. Methanol is the liquefied form of methane, a gas
which is usually produced as a result of the decomposition of organic matter.
Methanol is one of the better alternatives available for contemporary gasoline
products as it dispenses the same amount of energy. It also acts as an additive
in petroleum products, boosting the performance of internal combustion engines.
Methanol is also called methyl alcohol or wood alcohol and is naturally found
in volcanic gases and wood.
Methanol is available in abundance in nature since it is
produced by the decomposition of organic matter. Due to these reasons methanol
is expected to fuel market growth in the upcoming years from 2013. The high
cost involved in converting methane into a liquid state is inhibiting the
growth of the global methanol market. This fuel may be better than petroleum
products; however, it is not enough to satisfy the demand for fuel due to
rising fuel consumption. The EPA and other environment regulatory bodies have
warned that excessive exposure to methanol leads to severe negative
repercussions for the human body. This negative impact of methanol on the human
body however, is still a matter of debate.
Some of the key players of this market include BASF SE, Eastman
Chemical Company, Celanese Corporation (U.S.), Atlantic Methanol Production
Company LLC, Methanex Chile Ltd., and JSC “METAFRAX.”
This research report analyzes this market depending on its market
segments, major geographies, and current market trends. Geographies analyzed
under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive
analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
Reasons for Buying this Report
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- It provides a technological growth map over time to understand the industry growth rate
- It provides a seven-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
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