How does ‘ATR’ help in Methanol Industry Growth?
November 26, 2021
The Business Research Company’s Methanol Market - Opportunities And Strategies – Global Forecast To 2022
LONDON, GREATER LONDON , UK, November 26, 2021 /EINPresswire.com/ -- 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. Methanol is being blended into gasoline and is being used in vehicles to improve safety, reliability, fuel economy and lower environmental impact.
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The methanol market is expected to grow at a CAGR of around 12% to nearly $19 billion by 2022. Growth in the methanol market in the historic period resulted from low natural gas prices, developing economies, increased demand for vehicles, and low interest environment. Factor that negatively affected growth in the historic period was safety concerns. Going forward, economic growth and increasing end use applications of methanol will drive growth.
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Major players covered in the global methanol industry are Methanex Corporation, LyondellBasell Industries Holdings NV, PetroChina Company Limited, SABIC, OCI N.V.
TBRC’s methanol market report can be segmented by end use into formaldehyde, MTO/MTP, fuel blending, dimethyl ether, acetic acid, methyl tert-butyl ether (MTBE), solvents, methylamines, MMA, Chloro-methanes, and others, by type of product into plastics & polymers, chlor-alkali and inorganics, olefins, aromatics, olefin derivatives, syngas chemicals. The formaldehyde market is the largest segment of the methanol market. The MTO/MTP market is expected to be the fastest-growing segment.
Methanol Market - By End Use (Formaldehyde, Mto/Mtp, Fuel Blending, Dimethyl Ether, Acetic Acid, Methyl Tert-Butyl Ether (Mtbe), Solvents, Methylamines, Mma, Chloro-Methanes), By Type Of Product( Plastics & Polymers, Chlor-Alkali And Inorganics, Olefins, Aromatics, Olefin Derivatives, Syngas Chemicals), Market Players, And By Region, Opportunities And Strategies – Global Forecast To 2022 is one of a series of new reports from The Business Research Company that provides methanol global market overview, forecast methanol market size and growth for the whole market, methanol market segments, and geographies, methanol market trends, methanol market drivers, restraints, leading competitors’ revenues, profiles, and market shares.
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