Press Release Description

Global Rise in Fuel Requirements to Drive the Methane Market to 2027

A recent research study published by MarkNtel Advisors has revealed that the Global Methane Market is set to record around 5.8% CAGR during 2022-27. The exponentially rising population worldwide & the consequent increase in food requirements are putting immense pressure on the agriculture sector to fulfill the growing consumption needs. It, in turn, is augmenting the demand for methane as a fertilizer in agriculture and driving the Global Methane Market.

Farmers are showcasing an increasing adoption of these fertilizers to attain higher yield & quicker soil replenishment, owing to which the fertilizer manufacturers are instigating the demand for methane as a natural source for ammonia & urea and thus driving the market. Besides, the swift expansion of the automotive, aerospace, and mining industries, among others, is also augmenting the demand for methane for various applications like heating, lighting, & electrical and, in turn, positively influencing the overall expansion of the methane industry. 

Furthermore, with increasing awareness about methane being a potent gas for GHG emissions, numerous industries & governments are coming together to seek ways to reduce these adverse effects of methane on the environment, further states the research report, “Global Methane Market Analysis, 2022.”

Rising Fuel Requirements to Drive the Methane Industry through 2027

Methane generates relatively more heat & light energy by mass than hydrocarbons or fossil fuels like gasoline, coal, etc., and emits minimal carbons. As a result, it is experiencing an increasing demand across industries that require a substantial amount of fuel to run their machinery or appliances. Hence, these aspects indicate that the application of methane as a fuel would witness the fastest growth in the Global Methane Market over the forecast years.

With the Extensive Presence of Several Industries, Asia-Pacific to Dominate the Market through 2027

The increasing focus of governments of different countries across Asia-Pacific on enhancing sectors like automotive, aerospace, chemical, & electrical, among others, are leading to massive investments in these industries for various developments. Hence, these swiftly expanding industries are leading to the burgeoning demand for methane across the region, i.e., instigating the leading companies to increase their production & distribution capacities to cater to the burgeoning end-user requirements for methane. As a result, these aspects indicate that during 2022-27, the Methane Market in Asia-Pacific shall be the largest of all regions globally.

Competitive Landscape

The major companies in the Global Methane Market include 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, and TLOU Energy Ltd.

Key Questions Answered in the Research Report

  1. What are the current & future trends in the Global Methane Market?
  2. How has the industry been evolving in terms of geography & product adoption?
  3. How has the competition been shaping across various regions, followed by their comparative factorial indexing?
  4. What are the key growth drivers & challenges for the Global Methane Market?
  5. What are the customer orientation, purchase behavior, & expectations from the leading companies participating in the Global Methane Market?

Market Segmentation:

  1. By Source (Natural, Synthetic)
  2. By Type (Gasification, Fermentation)
  3. By Applications (Fuel, Natural Gas, Liquefied Natural Gas, Chemical Feedstock, Rocket Fuel, Power Generation, Residential, Others (Pulp & Paper, Rubber & Plastics, etc.))
  4. By End-Users (Automotive, Aerospace & Defense, Electrical, Chemical)
  5. By Region (North America, South America, Europe, Middle East & Africa, Asia-Pacific)
  6. By Country (The US, Canada, Mexico, Brazil, Germany, The UK, France, Italy, Spain, GCC, South Africa, China, India, Japan, Australia)