Market Forecast by Countries (Brazil, Mexico, Argentina, Rest of Latin America), 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: ETC079512 | Publication Date: Aug 2021 | Updated Date: Apr 2023 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
The Latin America Methanol Market is the fastest-growing market and is driven by many factors. One of the key factors is the rising demand for methanol in several industries including automotive, pharmaceuticals, and construction. The supply chain infrastructure and production capacity are expanding and improving in the market which helps in meeting increasing demand. In addition, there are many new projects that are announced in the continent which will further boost the production of methanol. Shift towards renewable energy sources like biomass and carbon capture technology is one of the key developments of the market and it reflects a broader trend towards sustainability. Regulatory changes are also playing a key role to shape the future of the Latin America Methanol Industry. Governments in the continent are implementing policies with the purpose to decrease greenhouse gas emissions, which will further help in flourishing the Latin America Methanol Market Growth.
Latin America Methanol Market is anticipated to gain sound growth prospects in the coming years. Methanol is used for various chemical applications, as a feedstock to produce chemicals. These chemicals are further used in products like foams, plywood subfloors, solvents and windshields.ย Latin America is the top growing market for the bio/pharmaceutical industry. The region is supported by increased consumer confidence in its performance. The region presents huge potential for the automotive industry because of high disposable income and low car ownership as compared to the Asia Pacific region.ย In consequence, the methanol market is expected to grow. However, many countries in the region are not well developed, and with the increasing trend for environmental awareness as well as with the growing alertness among end users for cost, efficiency is another booster for the Methanol market. Ethanol with higher density and obtainability in liquid form makes it an attractive alternative to methanol. Additionally in many countries use of ethanol in petrol up to 25% had made compulsory by law, and as many as 17.3 million vehicles use neat ethanol as fuel. Hence this increasing use of ethanol as fuel is working as a restrain for the Methanol market. Furthermore, this covid 19 pandemic does impact the methanol market. However, due to the safety side industries need to shut in due course, which resulted in creating a loop between demand and supply. Though the manufacturers are planning to start the production function again with proper guidelines and to deplete the supply chain.
According to 6Wresearch, the Latin America Methanol Market is likely to witness growth during 2021-2027. Argentina accounts for the rest 20% market demand for methanol.ย Moreover, the rapid development of automotive and constructive industries, agriculture and chemical consciousness, supported by the increased demand for chemical usage by many end users has resulted in the rise of the methanol market in this region. The key market players in this region are Methanol Holdings Limited (MHTL), and Methanex Corporation. Mitsui De Mexico.
The 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, Methyl Tert-Butyl Ether/Tertiary Amyl Methyl Ether, Dimethyl Terephthalate, Acetic Acid, Dimethyl Ether, Methyl Methacrylate, Methylamines and other derivatives. Moreover, it is the most commercially important one. Whereas, currently, MTO/MTP market is expected to be the fastest-growing segment. 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 include Constructive, Packaging, Electricals and Electronics and other end-use industries. However, with the rapid development of constructive, automotive, chemical and petrochemical, agriculture etc. with the increased usage of the chemicals in various end-use segments including alternative fuels, acetic acid, pharmaceuticals and fuel cells among others are some of the big contributors for the growth of methanol market in the following region. The distribution channel used in this market is offline mode, level 1 in which it is directly transported from the manufacturer to consumer industries.
The Latin American Methanol Market report thoroughly covers the market by product type, distribution channels, and countries including Brazil, Mexico and Argentina. Latin American 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.
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 Latin America Methanol Market Overview |
3.1 Latin America Regional Macro Economic Indicators |
3.2 Latin America Methanol Market Revenues & Volume, 2020 & 2027F |
3.3 Latin America Methanol Market - Industry Life Cycle |
3.4 Latin America Methanol Market - Porter's Five Forces |
3.5 Latin America Methanol Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 Latin America Methanol Market Revenues & Volume Share, By Feedstock, 2020 & 2027F |
3.7 Latin America Methanol Market Revenues & Volume Share, By Derivatives, 2020 & 2027F |
3.8 Latin America Methanol Market Revenues & Volume Share, By Sub-Derivatives, 2020 & 2027F |
3.9 Latin America Methanol Market Revenues & Volume Share, By End-Use Industry, 2020 & 2027F |
4 Latin America Methanol Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latin America Methanol Market Trends |
6 Latin America Methanol Market, 2017 - 2027 |
6.1 Latin America Methanol Market, Revenues & Volume, By Feedstock, 2017 - 2027 |
6.2 Latin America Methanol Market, Revenues & Volume, By Derivatives, 2017 - 2027 |
6.3 Latin America Methanol Market, Revenues & Volume, By Sub-Derivatives, 2017 - 2027 |
6.4 Latin America Methanol Market, Revenues & Volume, By End-Use Industry, 2017 - 2027 |
7 Brazil Methanol Market, 2017 - 2027 |
7.1 Brazil Methanol Market, Revenues & Volume, By Feedstock, 2017 - 2027 |
7.2 Brazil Methanol Market, Revenues & Volume, By Derivatives, 2017 - 2027 |
7.3 Brazil Methanol Market, Revenues & Volume, By Sub-Derivatives, 2017 - 2027 |
7.4 Brazil Methanol Market, Revenues & Volume, By End-Use Industry, 2017 - 2027 |
8 Mexico Methanol Market, 2017 - 2027 |
8.1 Mexico Methanol Market, Revenues & Volume, By Feedstock, 2017 - 2027 |
8.2 Mexico Methanol Market, Revenues & Volume, By Derivatives, 2017 - 2027 |
8.3 Mexico Methanol Market, Revenues & Volume, By Sub-Derivatives, 2017 - 2027 |
8.4 Mexico Methanol Market, Revenues & Volume, By End-Use Industry, 2017 - 2027 |
9 Argentina Methanol Market, 2017 - 2027 |
9.1 Argentina Methanol Market, Revenues & Volume, By Feedstock, 2017 - 2027 |
9.2 Argentina Methanol Market, Revenues & Volume, By Derivatives, 2017 - 2027 |
9.3 Argentina Methanol Market, Revenues & Volume, By Sub-Derivatives, 2017 - 2027 |
9.4 Argentina Methanol Market, Revenues & Volume, By End-Use Industry, 2017 - 2027 |
10 Rest of Latin America Methanol Market, 2017 - 2027 |
10.1 Rest of Latin America Methanol Market, Revenues & Volume, By Feedstock, 2017 - 2027 |
10.2 Rest of Latin America Methanol Market, Revenues & Volume, By Derivatives, 2017 - 2027 |
10.3 Rest of Latin America Methanol Market, Revenues & Volume, By Sub-Derivatives, 2017 - 2027 |
10.4 Rest of Latin America Methanol Market, Revenues & Volume, By End-Use Industry, 2017 - 2027 |
11 Latin America Methanol Market Key Performance Indicators |
12 Latin America Methanol Market - Opportunity Assessment |
12.1 Latin America Methanol Market Opportunity Assessment, By Countries, 2020 & 2027F |
12.2 Latin America Methanol Market Opportunity Assessment, By Feedstock, 2020 & 2027F |
12.3 Latin America Methanol Market Opportunity Assessment, By Derivatives, 2020 & 2027F |
12.4 Latin America Methanol Market Opportunity Assessment, By Sub-Derivatives, 2020 & 2027F |
12.5 Latin America Methanol Market Opportunity Assessment, By End-Use Industry, 2020 & 2027F |
13 Latin America Methanol Market - Competitive Landscape |
13.1 Latin America Methanol Market Revenue Share, By Companies, 2020 |
13.2 Latin America Methanol Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |