Market Overview:
The global methanol synthesis reactor market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for methanol from various applications, such as electric power, chemical and others. In terms of type, the single tube countercurrent reactor segment is expected to hold a major share of the global market during the forecast period. This can be attributed to its high efficiency and low cost as compared to other types of reactors available in the market.
Product Definition:
The Methanol Synthesis Reactor is a key component of the methanol production process. The reactor uses a catalyst to convert synthesis gas (a mixture of carbon monoxide and hydrogen) into methanol.
Single Tube Countercurrent Reactor:
Single tube counter-current reactor (STCR) is a type of chemical reaction vessel that allows for the separation of reactants by virtue of a single channel. The basic principle on which an SSCR operates is based on the difference in the rates at which two streams can pass through a barrier island. One stream comprises feed material and the other contains product solution, both containing different concentrations of reactants.
Three-Casing Cocurrent Reactor:
Three-casing cocurrent reactor is a type of three-dimensional network topology with two flow channels coming out of the same reactor and joined by a common channel. The third channel is optional and can be added to the system for carrying feedstock or product side stream. This design offers high space saving, low space filling, low pressure drop across all channels which results in optimum utilization of heat energy.
Application Insights:
The electric power application segment led the global methanol synthesis reactor market in 2017 and is projected to maintain its dominance over the forecast period. The growth of this application can be attributed to factors such as growing demand for electricity in countries, such as India, China, South Korea and Japan. In addition, rapid industrialization along with rising per capita income has resulted in an increased demand for electrical equipment across developing nations.
Methanol is widely used as a fuel additive in gasoline applications owing to its ability to reduce engine emissions significantly when compared with other fossil fuels such as diesel and petrol. Furthermore, increasing awareness regarding environment protection coupled with rising concerns regarding vehicular emissions has driven a significant share of methanol-based fuel globally since 2010.
Regional Analysis:
Asia Pacific accounted for the largest share of over 55% in 2017. The region is expected to witness significant growth on account of rising demand from end-use industries, such as chemical and power. China led the Asia Pacific market owing to increasing investments in key methanol production facilities coupled with favorable government policies promoting domestic manufacturing output. In addition, growing electric power sector mainly due to rapid industrialization and urbanization is anticipated to drive product demand over the forecast period.
Europe was estimated at USD X million in 2017 and is projected to grow at a CAGR of XX%, in terms of revenue, from 2018 to 2030 owing primarily methanol usage for producing synthetic fuels along with other applications including chemicals and electricity generation sectors across Germany; France; Italy; U K.
Growth Factors:
- Increasing demand for methanol in various end-use industries such as automotive, pharmaceuticals, and agrochemicals is expected to drive the growth of the methanol synthesis reactor market.
- Growing investments in the petrochemical sector is also anticipated to boost the demand for methanol synthesis reactors over the forecast period.
- Stringent environmental regulations pertaining to emissions from traditional fuel sources are likely to propel the adoption of methanol as a cleaner alternative fuel, which will subsequently boost the market for methanol synthesis reactors.
- Technological advancements in terms of design and efficiency of these reactors are projected to create new opportunities for players operating in this market during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Methanol Synthesis Reactor Market Research Report
By Type
Single Tube Countercurrent Reactor, Three-Casing Cocurrent Reactor, U-Shaped Cooling Tube Reactor
By Application
Electric Power, Chemical, Other
By Companies
ICI, Lurgi AG, Haldor Topsoe, Linde Group, Dongfang Electric Corporation, China National Nuclear Corporation, Taiyuan Heavy Industry, Lindar Chemical Technology Engineering
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Methanol Synthesis Reactor Market Report Segments:
The global Methanol Synthesis Reactor market is segmented on the basis of:
Types
Single Tube Countercurrent Reactor, Three-Casing Cocurrent Reactor, U-Shaped Cooling Tube Reactor
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Electric Power, Chemical, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ICI
- Lurgi AG
- Haldor Topsoe
- Linde Group
- Dongfang Electric Corporation
- China National Nuclear Corporation
- Taiyuan Heavy Industry
- Lindar Chemical Technology Engineering
Highlights of The Methanol Synthesis Reactor Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single Tube Countercurrent Reactor
- Three-Casing Cocurrent Reactor
- U-Shaped Cooling Tube Reactor
- By Application:
- Electric Power
- Chemical
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Methanol Synthesis Reactor Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A methanol synthesis reactor is a device used to produce methanol from ethanol and water. The reactor typically consists of a series of tanks, pipes, and valves that allow the two liquids to mix and then flow through the device in sequence. This process allows methanol to be produced from both ethanol and water at an affordable cost.
Some of the key players operating in the methanol synthesis reactor market are ICI, Lurgi AG, Haldor Topsoe, Linde Group, Dongfang Electric Corporation, China National Nuclear Corporation, Taiyuan Heavy Industry, Lindar Chemical Technology Engineering.
The methanol synthesis reactor market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Methanol Synthesis Reactor Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Methanol Synthesis Reactor Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Methanol Synthesis Reactor Market - Supply Chain
4.5. Global Methanol Synthesis Reactor Market Forecast
4.5.1. Methanol Synthesis Reactor Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Methanol Synthesis Reactor Market Size (000 Units) and Y-o-Y Growth
4.5.3. Methanol Synthesis Reactor Market Absolute $ Opportunity
5. Global Methanol Synthesis Reactor Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Methanol Synthesis Reactor Market Size and Volume Forecast by Type
5.3.1. Single Tube Countercurrent Reactor
5.3.2. Three-Casing Cocurrent Reactor
5.3.3. U-Shaped Cooling Tube Reactor
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Methanol Synthesis Reactor Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Methanol Synthesis Reactor Market Size and Volume Forecast by Application
6.3.1. Electric Power
6.3.2. Chemical
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Methanol Synthesis Reactor Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Methanol Synthesis Reactor Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Methanol Synthesis Reactor Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Methanol Synthesis Reactor Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Methanol Synthesis Reactor Demand Share Forecast, 2019-2026
9. North America Methanol Synthesis Reactor Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Methanol Synthesis Reactor Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Methanol Synthesis Reactor Market Size and Volume Forecast by Application
9.4.1. Electric Power
9.4.2. Chemical
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Methanol Synthesis Reactor Market Size and Volume Forecast by Type
9.7.1. Single Tube Countercurrent Reactor
9.7.2. Three-Casing Cocurrent Reactor
9.7.3. U-Shaped Cooling Tube Reactor
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Methanol Synthesis Reactor Demand Share Forecast, 2019-2026
10. Latin America Methanol Synthesis Reactor Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Methanol Synthesis Reactor Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Methanol Synthesis Reactor Market Size and Volume Forecast by Application
10.4.1. Electric Power
10.4.2. Chemical
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Methanol Synthesis Reactor Market Size and Volume Forecast by Type
10.7.1. Single Tube Countercurrent Reactor
10.7.2. Three-Casing Cocurrent Reactor
10.7.3. U-Shaped Cooling Tube Reactor
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Methanol Synthesis Reactor Demand Share Forecast, 2019-2026
11. Europe Methanol Synthesis Reactor Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Methanol Synthesis Reactor Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Methanol Synthesis Reactor Market Size and Volume Forecast by Application
11.4.1. Electric Power
11.4.2. Chemical
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Methanol Synthesis Reactor Market Size and Volume Forecast by Type
11.7.1. Single Tube Countercurrent Reactor
11.7.2. Three-Casing Cocurrent Reactor
11.7.3. U-Shaped Cooling Tube Reactor
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Methanol Synthesis Reactor Demand Share, 2019-2026
12. Asia Pacific Methanol Synthesis Reactor Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Methanol Synthesis Reactor Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Methanol Synthesis Reactor Market Size and Volume Forecast by Application
12.4.1. Electric Power
12.4.2. Chemical
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Methanol Synthesis Reactor Market Size and Volume Forecast by Type
12.7.1. Single Tube Countercurrent Reactor
12.7.2. Three-Casing Cocurrent Reactor
12.7.3. U-Shaped Cooling Tube Reactor
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Methanol Synthesis Reactor Demand Share, 2019-2026
13. Middle East & Africa Methanol Synthesis Reactor Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Methanol Synthesis Reactor Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Methanol Synthesis Reactor Market Size and Volume Forecast by Application
13.4.1. Electric Power
13.4.2. Chemical
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Methanol Synthesis Reactor Market Size and Volume Forecast by Type
13.7.1. Single Tube Countercurrent Reactor
13.7.2. Three-Casing Cocurrent Reactor
13.7.3. U-Shaped Cooling Tube Reactor
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Methanol Synthesis Reactor Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Methanol Synthesis Reactor Market: Market Share Analysis
14.2. Methanol Synthesis Reactor Distributors and Customers
14.3. Methanol Synthesis Reactor Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ICI
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Lurgi AG
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Haldor Topsoe
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Linde Group
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Dongfang Electric Corporation
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. China National Nuclear Corporation
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Taiyuan Heavy Industry
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Lindar Chemical Technology Engineering
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
