Methanol to Gasoline Market Regional Analysis:
APAC Market Insights
The methanol to gasoline market in the Asia Pacific is to grow at the largest share of about 40% over the forecast period. The major factor boosting the market share in this region is the growing production of methanol. Roughly 166 thousand metric tons of methanol have been generated in India during the fiscal year 2022. Most MTG manufacturers are situated in Asia Pacific, and China is the world's top producer of MTG. Hence, this is also estimated to influence the market revenue in this region.
North America Market Insights
The North America methanol to gasoline market is anticipated to grow during the forecast period. Increased investment in MTG projects is projected to fuel industry expansion in the area. North American businesses have initiated investments in MTG technology. Pilot projects have been conducted in the region to demonstrate the technology's viability and effectiveness. These activities are anticipated to hasten the adoption of MTG technology throughout the subsequent few years, particularly if natural gas prices remain low.
