After a detailed analysis,
According to a
A recent study by
Methanol is a volatile, toxic, colorless, and flammable liquid processed using synthesis gas or syngas, which is a mixture of carbon monoxide and hydrogen. It is used as a fuel, solvent, anti-freeze, and a denaturant for ethanol. In earlier days, methanol was formed as a byproduct due to the destructive distillation of wood; and hence, is frequently called 'wood alcohol.'
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According to the report, the global methanol market is expected to generate
Based on end-user, the methanol market is categorized into automotive, electronics, paints & coatings, construction, and other end-users. While according to the derivatives spectrum, the market is segmented according to formaldehyde, acetic acid, MBTE & TAME, gasoline, DME, and other derivatives.
Considering the regional landscape, the
The primary competitors profiled in this report on the methanol market include
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Question & Answer: Methanol Market
Question 1: Why is the methanol market registering growth?
Answer: The primary factors driving the market include the need for conventional fuels for transportation, the growth in demand for petrochemicals, the rising adoption of methanol-to-olefins (MTO) technology, and government initiatives to promote methanol as an alternative fuel.
Question 2: What factors are expected to hinder the methanol market growth?
Answer: The raw material scarcity and the increasing usage of fuel-grade ethanol or bioethanol in place of methanol are impeding its growth over the forecast period.
Question 3: How is the
Answer: Considering the regional landscape, the
Question 4: Which companies constitute the competitive landscape of the methanol market?
Answer: The primary competitors profiled in this report on the methanol market include
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The global waste-to-energy market is set to witness revenue growth at
The rising demand for energy, coupled with the increasing need for energy security, is set to accelerate the market growth. Whereas, substantial investments made for the development of new waste-to-energy projects will complement the business outlook. Rapid industrialization and urbanization are leading to an increase in municipal waste generated. This makes larger amounts of feed available for WtE processes. Another crucial factor driving the WtE market is the fall in the number of landfill sites. The industry has shifted its focus towards developing WtE technologies in order to compensate for the decreasing landfill sites.
The huge amount of data related to sustainable waste management techniques available generates immense opportunity for data analytics & Big Data companies to optimize the waste management value chain. This will further lead to the use of waste-to-energy processes at a faster pace. Besides, biological WtE technologies are estimated to experience a faster growth rate over the forecast period, as new technologies such as anaerobic digestion become commercially viable and available in the market.
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