Market Forecast by Countries (South Africa, Nigeria, Kenya, Rest of Africa), By Feedstock (Natural Gas, Coal, Others), By Derivatives (Gasoline, MTO/MTP, Formaldehyde, Methyl Tertiary Butyl Ether (MTBE), Acetic Acid, Dimethyl Ether (DME), Methyl Methacrylate (MMA), Others), By Sub-Derivatives (Gasoline additives, Olefins, UF/PF resins, VAM, Polyacetals, MDI, PTA, Others), By End-Use Industry (Construction, Automotive, Electronics, Appliances, Paints & Coatings, Insulation, Pharmaceuticals, Others) And Competitive Landscape
Product Code: ETC077424 | Publication Date: Aug 2021 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Africa Methanol Marketย is experiencing a remarkable growth. Methanol here is used as a blended fuel in various transportation systems due to the concern related to the environment. Government has launched several rules and policies in order to use clean technology for the utilization of renewable energies. Additionally, the depletion of natural resources which could be used as a fuel has resulted into increased substitute production, this factor act as a growth driver for the market. Since methanol contains low rate of evaporation as well as low heat radiant, therefore most of the constructive and automotive industries prefer methanol over other alternatives, which is another contributor towards the rise of the supply and demand for same in the region. Furthermore, instead of being environment friendly, usage and maintenance of methanol is a costly affair and could be taken as a challenge.ย The production, usage and maintenance of this process are capital intensive. Whereas Ethanol is its biggest competitor, as being less toxic could be taken as a biggest restrain for methanol market. Due Covid 19 pandemic the market has faced several challenges, for instant disruption in supply chain. But unlike other industries, methanol market has an optimistic impact of the pandemic as the demand for methanol has increased in pharmaceutical sector due to its disinfectant nature.
According to 6Wresearch, the Africa Methanol Market is likely to witness growth during 2021-2027.ย South Africa is the leading country of this region. It dominates the methanol market with around 55% of share in the region. The country is a growing venue for many automotive and constructive industries, due to the increasing demand for houses, hotels, roads, tires, battery and fuel. Furthermore, countryโs exports for methanol are more than that of its import. SASOL, a world leader in fuel technology, and is the only producer of methanol in South Africa. The Sasolburg plant produces 140000 per year of methanol as a highly marketable co-product of Sasol wax division. Some of the key market players are BASF AG, Methanex Corporation, PETRONA and SASOL.
Methanol market is segmented on the basis of derivatives and end use industries. By derivatives the market is segmented as Formaldehyde, Methanol-to-Olefins/Methanol-to-Propylene, and other derivatives. Formaldehyde dominates the methanol market by derivatives. Furthermore it is the most commercially used derivative. As, the combination of formaldehyde with varied chemical compounds results into different products which is utilized by various industries such as automotive and constructive, consumer products and health care application. By End Use industries, the market is segmented as Direct and Indirect. Direct End Use Industries are Automotive, Paints and Coating, Pharmaceuticals and Agriculture, whereas Indirect End Use Industries includes Constructive, Packaging, Electricals and Electronics and other end use industries. The Automotive industry is leading in the overall market. This is due to the increasing demand for vehicles development, supported by consumers demand for automobiles.ย The distribution channel used in this market is offline mode, level 1 in which it is directly transported from manufacturer to consumer industries.
The African Methanol Market report thoroughly covers the market by product type, distribution channels, including South Africa and rest of the countries of Africa. African Methanol Market outlook report provides an unbiased and detailed analysis of the ongoing Methanol Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Markets Covered
The Market report covers the following market segments
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Africa Methanol Market Overview |
3.1 Africa Regional Macro Economic Indicators |
3.2 Africa Methanol Market Revenues & Volume, 2020 & 2027F |
3.3 Africa Methanol Market - Industry Life Cycle |
3.4 Africa Methanol Market - Porter's Five Forces |
3.5 Africa Methanol Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 Africa Methanol Market Revenues & Volume Share, By Feedstock, 2020 & 2027F |
3.7 Africa Methanol Market Revenues & Volume Share, By Derivatives, 2020 & 2027F |
3.8 Africa Methanol Market Revenues & Volume Share, By Sub-Derivatives, 2020 & 2027F |
3.9 Africa Methanol Market Revenues & Volume Share, By End-Use Industry, 2020 & 2027F |
4 Africa Methanol Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Africa Methanol Market Trends |
6 Africa Methanol Market, 2017 - 2027 |
6.1 Africa Methanol Market, Revenues & Volume, By Feedstock, 2017 - 2027 |
6.2 Africa Methanol Market, Revenues & Volume, By Derivatives, 2017 - 2027 |
6.3 Africa Methanol Market, Revenues & Volume, By Sub-Derivatives, 2017 - 2027 |
6.4 Africa Methanol Market, Revenues & Volume, By End-Use Industry, 2017 - 2027 |
7 South Africa Methanol Market, 2017 - 2027 |
7.1 South Africa Methanol Market, Revenues & Volume, By Feedstock, 2017 - 2027 |
7.2 South Africa Methanol Market, Revenues & Volume, By Derivatives, 2017 - 2027 |
7.3 South Africa Methanol Market, Revenues & Volume, By Sub-Derivatives, 2017 - 2027 |
7.4 South Africa Methanol Market, Revenues & Volume, By End-Use Industry, 2017 - 2027 |
8 Nigeria Methanol Market, 2017 - 2027 |
8.1 Nigeria Methanol Market, Revenues & Volume, By Feedstock, 2017 - 2027 |
8.2 Nigeria Methanol Market, Revenues & Volume, By Derivatives, 2017 - 2027 |
8.3 Nigeria Methanol Market, Revenues & Volume, By Sub-Derivatives, 2017 - 2027 |
8.4 Nigeria Methanol Market, Revenues & Volume, By End-Use Industry, 2017 - 2027 |
9 Kenya Methanol Market, 2017 - 2027 |
9.1 Kenya Methanol Market, Revenues & Volume, By Feedstock, 2017 - 2027 |
9.2 Kenya Methanol Market, Revenues & Volume, By Derivatives, 2017 - 2027 |
9.3 Kenya Methanol Market, Revenues & Volume, By Sub-Derivatives, 2017 - 2027 |
9.4 Kenya Methanol Market, Revenues & Volume, By End-Use Industry, 2017 - 2027 |
10 Rest of Africa Methanol Market, 2017 - 2027 |
10.1 Rest of Africa Methanol Market, Revenues & Volume, By Feedstock, 2017 - 2027 |
10.2 Rest of Africa Methanol Market, Revenues & Volume, By Derivatives, 2017 - 2027 |
10.3 Rest of Africa Methanol Market, Revenues & Volume, By Sub-Derivatives, 2017 - 2027 |
10.4 Rest of Africa Methanol Market, Revenues & Volume, By End-Use Industry, 2017 - 2027 |
11 Africa Methanol Market Key Performance Indicators |
12 Africa Methanol Market - Opportunity Assessment |
12.1 Africa Methanol Market Opportunity Assessment, By Countries, 2020 & 2027F |
12.2 Africa Methanol Market Opportunity Assessment, By Feedstock, 2020 & 2027F |
12.3 Africa Methanol Market Opportunity Assessment, By Derivatives, 2020 & 2027F |
12.4 Africa Methanol Market Opportunity Assessment, By Sub-Derivatives, 2020 & 2027F |
12.5 Africa Methanol Market Opportunity Assessment, By End-Use Industry, 2020 & 2027F |
13 Africa Methanol Market - Competitive Landscape |
13.1 Africa Methanol Market Revenue Share, By Companies, 2020 |
13.2 Africa Methanol Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |