Methanol to Gasoline Market Size by Research Nester Reveals the Market to Grow with a CAGR of ~8% During 2024-2036


Posted November 2, 2023 by evaanderson

Research Nester’s recent market research analysis on “Methanol to Gasoline Market: Global Demand Analysis & Opportunity Outlook 2036”

 
Research Nester’s recent market research analysis on “Methanol to Gasoline Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global methanol to gasoline market in terms of market segmentation by feedstock, reactor type, application and by region.

Growing Price of Fossil Fuel to Boost the Growth of Global Methanol to Gasoline Market
The market for methanol to gasoline market is anticipated to grow on account of the rising price of fossil fuel. Due to a number of causes, including Russia's manipulation of the energy supply, which has further led to higher and more unstable energy prices in a competitive market, the price of fossil fuels is rising everywhere in the world. As a result, methanol's use in gasoline is expected to increase.

Moreover, MTG allows the use of a variety of feedstocks, including biomass, coal, and natural gas. This offers greater flexibility and energy supply security compared to conventional gasoline, which is mostly derived from crude oil. The MTG technology also helps to improve the sustainability of the fuel supply chain and reduce greenhouse gas emissions. Additionally, due to the diminishing availability of fossil fuels, governments worldwide are making considerable investments in renewable energy. Consequently, as worries regarding energy security increase, the global industry is anticipated to experience strong growth.

Some of the major growth factors and challenges that are associated with the growth of the global methanol to gasoline market are:
Growth Drivers:
• Growing Need for Emergency Power Supply
• Reduction in Price of Automotive

Challenges:
Gasoline or any other fossil fuel can be replaced with methanol-gasoline, which is expected to be a better alternative. However, there is an increasing need for cleaner alternatives like solar energy, wind energy, and others for the production of electricity. Additionally, the rise in popularity of electric vehicles is expected to make methanol-gasoline less popular. Consequently, it is anticipated that market expansion will be constrained.

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By feedstock, the market for methanol to gasoline is segmented into natural gas, coal, and biomass. Out of these, the natural gas segment is poised to have significant growth over the forecast period. The method of making methanol from natural gas is straightforward and includes steps including the creation of synthesis gas, the transformation of syngas into crude methanol, and the distillation of crude methanol to the appropriate purity. The resultant methanol is a transparent liquid that is water soluble and easily biodegradable.

The use of methanol as a feedstock has a number of benefits, including increased energy security due to a reduced reliance on fuel derived from gasoline and lower production costs. Due to its low flammability risk, using natural gas as a feedstock is safer than using fuels based on gasoline.

By region, the market for methanol to gasoline in Europe is estimated to grow over the forecast period. The increase in petrol consumption, the availability of affordable feedstock, and the rise in demand for cleaner fuels are the main factors driving the Europe market. Compared to conventional methods of manufacturing petrol, the methanol-to-gasoline (MTG) method has a number of advantages. These advantages, which are predicted to spur market growth, include lower production costs and greenhouse gas emissions. Hence, the demand for methanol in gasoline is growing in this region.

This report also provides the existing competitive scenario of some of the key players of the global methanol to gasoline market which includes company profiling of Exxon Mobil Corporation, ZeoGas, INEOS AG, Topsoe, Carbon Recycling International, Honeywell International Inc., Johnson Matthey, Verde Clean Fuels, Enerkem, Casale SA, Velocys plc, and others.

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Issued By Research Nester Pvt Ltd
Country United States
Categories Business
Tags methanol to gasoline market , methanol to gasoline , gasoline market
Last Updated November 2, 2023