Market Forecast by Countries (China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, Rest of Asia), 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: ETC076379 | Publication Date: Aug 2021 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Asia Pacific Methanol Marketย is anticipated to gain growth in the coming time zone. The Asia Pacific (APAC) is the largest and fastest growing market for methanol. Methanol is a chemical with many derivatives among which the most important one is formaldehyde, which is having a significance application in constructive, automotive and personal care industries. With the growth of constructive and automotive industries in APAC, the usage and demand of methanol market in this region is also seeing a hike. Additionally, methanolโs less polluting nature is also seen as a reason why its demand in filling stations is increasing and is taken as a best alternative for conventional fuels by many emerging petrochemical industries of Asia Pacific region. Although formaldehyde is an important derivative of methanol, but its high presence in the air can lead to human health issues like watery eyes, coughing, wheezing, nausea etc. is a restrain, if not taken care properly could even lead to cancer. Increasing awareness leads to alternatives such as ethanol and bio ethanol, as ethanol carry all the qualities of methanol and is less reactive. With the outburst of Covid 19, everything was forced to lockdown, industries need to stop their manufacturing, due to which demand generated for methanol market from this side of industries got affected. Many oil producing countries like China, Saudi Arab etc. were locked, and petrochemical, constructive and automotive industries kept closed, since the usage of methanol in these industries are high, we can say that this pandemic has impacted methanol market negatively in APAC.ย Although medical industry shows the other side as due to formaldehydeโs use in manufacturing of disinfectants, methanol consumption has been increased showing the positive impact of covid in methanol market.
According to 6Wresearch, Asia Pacific Methanol market size is anticipated to register growth during 2021-2027.ย China being the leader, dominates the methanol market for Asia Pacific region, by consuming the major proportion of the production. China is the leading producer of paints and coating globally, accumulating more than half of the APAC coating. This production is expected to boost the demand for methanol as well. Furthermore, in India, the government is pushing towards the usage of methanol as a fuel in vehicles and in cooking for sustainable development and clean environment. Under the Methanol Economy program by NITI Aayog, the production capacity is expected to increase up to twenty metric ton of methanol annually by 2025, using Indian high ash coal, stranded gas and biomass. Japan, Australia and South Korea are other countries which led to increase in the demand for methanol market. The key market players are SABIC, Zagros Petrochemical, Yankuang Group etc.
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. Moreover it is the most commercially important one. APAC is the largest consumer of formaldehyde, accounts for 60% of consumption. Additionally, China being the leader consumes the maximum proportion of the production, followed by Japan and India. China is the largest producer of paint and coating across world. 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. Constructive industry dominates the market by consuming 50% of the global formaldehyde. The distribution channel used in this market is offline mode, level 1 in which it is directly transported from manufacturer to consumer industries.
The Asia Pacific Methanol Market report thoroughly covers the market by product type, distribution channels, and countries including China, India, Japan and Australia.ย Asia Pacific 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 Asia Pacific Methanol Market Overview |
3.1 Asia Pacific Regional Macro Economic Indicators |
3.2 Asia Pacific Methanol Market Revenues & Volume, 2020 & 2027F |
3.3 Asia Pacific Methanol Market - Industry Life Cycle |
3.4 Asia Pacific Methanol Market - Porter's Five Forces |
3.5 Asia Pacific Methanol Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 Asia Pacific Methanol Market Revenues & Volume Share, By Feedstock, 2020 & 2027F |
3.7 Asia Pacific Methanol Market Revenues & Volume Share, By Derivatives, 2020 & 2027F |
3.8 Asia Pacific Methanol Market Revenues & Volume Share, By Sub-Derivatives, 2020 & 2027F |
3.9 Asia Pacific Methanol Market Revenues & Volume Share, By End-Use Industry, 2020 & 2027F |
4 Asia Pacific Methanol Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Asia Pacific Methanol Market Trends |
6 Asia Pacific Methanol Market, 2017 - 2027 |
6.1 Asia Pacific Methanol Market, Revenues & Volume, By Feedstock, 2017 - 2027 |
6.2 Asia Pacific Methanol Market, Revenues & Volume, By Derivatives, 2017 - 2027 |
6.3 Asia Pacific Methanol Market, Revenues & Volume, By Sub-Derivatives, 2017 - 2027 |
6.4 Asia Pacific Methanol Market, Revenues & Volume, By End-Use Industry, 2017 - 2027 |
7 China Methanol Market, 2017 - 2027 |
7.1 China Methanol Market, Revenues & Volume, By Feedstock, 2017 - 2027 |
7.2 China Methanol Market, Revenues & Volume, By Derivatives, 2017 - 2027 |
7.3 China Methanol Market, Revenues & Volume, By Sub-Derivatives, 2017 - 2027 |
7.4 China Methanol Market, Revenues & Volume, By End-Use Industry, 2017 - 2027 |
8 India Methanol Market, 2017 - 2027 |
8.1 India Methanol Market, Revenues & Volume, By Feedstock, 2017 - 2027 |
8.2 India Methanol Market, Revenues & Volume, By Derivatives, 2017 - 2027 |
8.3 India Methanol Market, Revenues & Volume, By Sub-Derivatives, 2017 - 2027 |
8.4 India Methanol Market, Revenues & Volume, By End-Use Industry, 2017 - 2027 |
9 Japan Methanol Market, 2017 - 2027 |
9.1 Japan Methanol Market, Revenues & Volume, By Feedstock, 2017 - 2027 |
9.2 Japan Methanol Market, Revenues & Volume, By Derivatives, 2017 - 2027 |
9.3 Japan Methanol Market, Revenues & Volume, By Sub-Derivatives, 2017 - 2027 |
9.4 Japan Methanol Market, Revenues & Volume, By End-Use Industry, 2017 - 2027 |
10 Australia Methanol Market, 2017 - 2027 |
10.1 Australia Methanol Market, Revenues & Volume, By Feedstock, 2017 - 2027 |
10.2 Australia Methanol Market, Revenues & Volume, By Derivatives, 2017 - 2027 |
10.3 Australia Methanol Market, Revenues & Volume, By Sub-Derivatives, 2017 - 2027 |
10.4 Australia Methanol Market, Revenues & Volume, By End-Use Industry, 2017 - 2027 |
11 Indonesia Methanol Market, 2017 - 2027 |
11.1 Indonesia Methanol Market, Revenues & Volume, By Feedstock, 2017 - 2027 |
11.2 Indonesia Methanol Market, Revenues & Volume, By Derivatives, 2017 - 2027 |
11.3 Indonesia Methanol Market, Revenues & Volume, By Sub-Derivatives, 2017 - 2027 |
11.4 Indonesia Methanol Market, Revenues & Volume, By End-Use Industry, 2017 - 2027 |
12 Philippines Methanol Market, 2017 - 2027 |
12.1 Philippines Methanol Market, Revenues & Volume, By Feedstock, 2017 - 2027 |
12.2 Philippines Methanol Market, Revenues & Volume, By Derivatives, 2017 - 2027 |
12.3 Philippines Methanol Market, Revenues & Volume, By Sub-Derivatives, 2017 - 2027 |
12.4 Philippines Methanol Market, Revenues & Volume, By End-Use Industry, 2017 - 2027 |
13 Malaysia Methanol Market, 2017 - 2027 |
13.1 Malaysia Methanol Market, Revenues & Volume, By Feedstock, 2017 - 2027 |
13.2 Malaysia Methanol Market, Revenues & Volume, By Derivatives, 2017 - 2027 |
13.3 Malaysia Methanol Market, Revenues & Volume, By Sub-Derivatives, 2017 - 2027 |
13.4 Malaysia Methanol Market, Revenues & Volume, By End-Use Industry, 2017 - 2027 |
14 Rest of Asia Methanol Market, 2017 - 2027 |
14.1 Rest of Asia Methanol Market, Revenues & Volume, By Feedstock, 2017 - 2027 |
14.2 Rest of Asia Methanol Market, Revenues & Volume, By Derivatives, 2017 - 2027 |
14.3 Rest of Asia Methanol Market, Revenues & Volume, By Sub-Derivatives, 2017 - 2027 |
14.4 Rest of Asia Methanol Market, Revenues & Volume, By End-Use Industry, 2017 - 2027 |
11 Asia Pacific Methanol Market Key Performance Indicators |
12 Asia Pacific Methanol Market - Opportunity Assessment |
12.1 Asia Pacific Methanol Market Opportunity Assessment, By Countries, 2020 & 2027F |
12.2 Asia Pacific Methanol Market Opportunity Assessment, By Feedstock, 2020 & 2027F |
12.3 Asia Pacific Methanol Market Opportunity Assessment, By Derivatives, 2020 & 2027F |
12.4 Asia Pacific Methanol Market Opportunity Assessment, By Sub-Derivatives, 2020 & 2027F |
12.5 Asia Pacific Methanol Market Opportunity Assessment, By End-Use Industry, 2020 & 2027F |
13 Asia Pacific Methanol Market - Competitive Landscape |
13.1 Asia Pacific Methanol Market Revenue Share, By Companies, 2020 |
13.2 Asia Pacific Methanol Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |