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.
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 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.
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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
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This report provides comprehensive
analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of
current trends in the market, industry growth drivers, and restraints. It
provides market projections for the coming years. It includes analysis of
recent developments in technology, Porter’s five force model analysis and
detailed profiles of top industry players. The report also includes a review of
micro and macro factors essential for the existing market players and new
entrants along with detailed value chain analysis.
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