Methanol is also known as wood alcohol with the formula CH3OH. Modern-day methanol production occurs in a catalytic industrial process directly from carbon monoxide, carbon dioxide and dioxide and hydrogen. It is mainly used to produce formaldehyde, acetic acid, methyl chloride, methyl amine and dimethyl sulfate and other organic products.
First, in recent years, with the rise in international crude oil prices, the demand of methanol is growing rapidly. Many Companies pay attention to the methanol as new energy. In chemical production, methanol can be used to produce formaldehyde, acetic acid, methyl chloride, methylamine, methyl tert-butyl ether (MTBE), polyvinyl alcohol (PVA), dimethyl sulfate, dimethyl terephthalate (DMT), dimethyl ether, methyl acrylate, methyl methacrylate.
Second, China has abundant coal resources, coal chemical industry. With the steady development of formaldehyde, acetic acid and other traditional downstream industries, China's methanol demand continues to improve. Giant manufactures are mainly concentrated in China, the output of this region occupy global production more than 50%. With the raw material changes, the global methanol average price is in the increase trend. The global methanol production shows an increasing trend.
Third, China to import large quantities of methanol situation will not soon be reversed. Therefore, methanol in the procurement process, we should pay attention to analyze market factors at the time, not to keep high inventories.

The Global Methanol Market was valued at xxx million USD with a CAGR xx% from 2018-2022. Subsequently, it will touch xxx million USD in 2023 with a CAGR xx % from 2023 - 2030.

In the global Methanol Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.

In Market segmentation by manufacturers, the report covers the following companies-

Methanax
Sabic
MHT
NPC
CNPC
Petronas
Kingboard
Datang International
Jiutai Energy
NINGXIA COAL
Huayi
Sinopec
Yuanxing Energy
Yunkuang Chemical
Guanghui Industry
OMC
Yulin Natural Gas
South Louisiana
Shenda Chemical
QFA
Lantian Pingmei
Atlantic Methanol
Brunei Methanol
Statoil
LyondellBasell
Togliatti Azot
Kaltim Methanol
Xinao Group
Lutianhua
Zhonghao Chemical
Changfeng
Yunkuang Yulin
Daqing Oil
Huating Chemical
Xianyang
Shenmu
Pucheng Clear
Linda Chemical
Baofeng
ZPC

In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

In Market segmentation by types :

ICI Low Pressure Method
Lurgi Low Pressure Method
In Market segmentation by applications :

Formaldehyde
Methyl Ether
Acetic Acid
Olefin
Acetic Acid
MTBE
Other

The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Methanol Market for the forecast period 2023 - 2030?
• What are the driving forces in the Methanol Market for the forecast period 2023 - 2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Methanol industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.

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