Market Insights and Analysis: Global Methane Market Overview and Projections (2022-2027)
The Global Methane Market is anticipated to expand at around 5.8% CAGR during the forecast period, i.e., 2022-27. The growth of the market is likely to be driven by the swift expansion of industries like electronics, automotive, and aerospace, among others, across different countries worldwide, i.e., surging the demand for methane for diverse applications, associated mainly with producing heat & light.
Top leading companies in the Global Methane Market includes:
American Gas Products, Black Diamond Energy Inc., Bow Energy, BP PLC, China National Offshore Oil Company, China National Petroleum Corporation, Dart Energy Corporation, G3 Exploration, Halliburton Co., IGas Energy, Metgasco Ltd., Oil and Natural Gas Corporation, Royal Dutch Shell PLC, Senex Energy Limited, TLOU Energy Ltd, and Others.
Possible Restraint: Side Effects of Methane on the Environment
As more and more people are becoming aware of the ill effects of methane on the environment, since it is a potent greenhouse gas, their concerns over environmental sustainability is indeed hindering the demand for methane. Besides, the difficult storage & transportation and the explosive nature of methane, exhibiting some severe risks, are the other factors that can negatively affect its demand and hamper the overall expansion of the Global Methane Market in the years to come.
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Report Segmentation:
The market is categorized into the following segments in the report:
By Source
-Natural
-Synthetic
By Type
-Gasification
-Fermentation
By Applications
-Fuel
-Natural Gas
-Liquefied Natural Gas
-Chemical Feedstock
-Rocket Fuel
-Power Generation
-Residential
-Others (Pulp & Paper, Rubber & Plastics, etc.)
By End-Users
-Automotive
-Aerospace & Defence
-Electrical
-Chemical.
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Global Methane Market Geographic Reach:
The Geographic Reach of the Global Methane Market evaluates the spread and significance of Global Methane market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
· North America: USA, Canada, Mexico
· Europe: The UK, Germany, France, Italy, Spain, Rest of Europe
· Asia-Pacific: China, India, Japan, Australia, Rest of Asia-Pacific
· South America: Brazil, Rest of South America
· Middle East & Africa: GCC, South Africa, Rest of Middle East & Africa.
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