Methanol (CH3OH), also known as wood or methyl alcohol, is a light, colorless, inflammable, and volatile liquid alcohol with a distinctive odor. It is produced by combining hydrogen and carbon monoxide gas in the presence of a catalyst. It has a lower rate of evaporation and is also miscible in different solvents like water, alcohol, ether and ketones. Owing to these properties, methanol is widely utilized to manufacture biodiesel and as a general solvent to produce resins, pharmaceuticals, and perfumes.
The market is primarily driven by the rising product adoption in the automotive industry. Methanol is widely used as a transportation fuel and antifreeze agent for automobile radiators. In addition, with the shifting consumer inclination toward sustainable fuels, methanol is employed to manufacture Methyl tert-butyl ether (MTBE) and Dimethyl ether (DME), which are safer alternatives to traditional gasoline. Besides this, the market is also propelled by the increasing utilization of methanol to produce ethylene glycol, vinyl chloride monomer, and vinyl acetate monomer that find application in paints and coatings, adhesives, and other end-use industries. Moreover, with the growing environmental concerns, there has been an increase in the demand for methanol as a cleaner substitute for conventional fuels since methanol biodegrades are eco-friendly in nature. Furthermore, the implementation of favorable government initiatives to promote the usage of methanol as a fuel in vehicles and cooking is also creating a positive market outlook across the globe.
This production cost analysis report by Syndicated Analytics is the result of a comprehensive examination of the methanol manufacturing process. The study covers all the requisite aspects that one needs to know while making a foray into the methanol industry. It is based on the latest economic data and presents exhaustive insights about the primary process flow, raw material requirements, reactions involved, utility costs, operating costs, capital investments, pricing, margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake in the methanol industry.
The following technical and economic aspects are included in the report:
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