Market Forecast by Countries (Saudi Arabia, UAE, Qatar, Kuwait, Oman, Bahrain and Turkey), 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: ETC080556 | Publication Date: Aug 2021 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Middle East Methanol Marketย is expected to gain growth in the coming time zone. The demand for methanol in Middle East is expected to witness a great hike. Methanol is being used by many industries as a safer process fuel for environment, since it offers low rate of evaporation as well as low radiant heat. Additionally, the product is easily biodegradable and could be used as an alternative for petrochemical derivatives across various end use industries like constructive, automotive, paints and coating, chemicals and petrochemicals etc. Furthermore, few policies and initiatives launched by government highlighting the concern about the use of clean and innovative technologies, for the use of renewable energy are other growth contributors. Methanol production involves some carbon-based sources which makes this process capital intensive. Additionally, construction of plant and after maintenance is even cost escalating, hence working as a challenge. Given with the fact that ethanol is less chemical toxic and could be taken as best alternative, is the greatest restrain for methanol market.ย During Covid 19 pandemic unlike other markets the demand for methanol havenโt decreased but instead have seen a hike due increased use of methanol in health care industries. Moreover, the pandemic has a positive impact on the methanol market in this region.
According to 6Wresearch, theย Middle Eastย Methanol Market is likely to witness growth during 2021-2027. Being the largest consumer of methanol in the region, the country enjoys high economic growth due to high oil price globally and relatively cheap feedstock for production. Saudi Arabia has worldโs fourth largest natural gas reserve. Since, countryโs import for methanol is less than that of its exports makes it the major exporter of methanol to the world. Turkey is another significant contributor to the Methanol market of this region. In other Middle East countries such as Iran, a substantial increase in demand for methanol has been witnessed.ย Some key players are Saudi Basic Industries Corporation, BASF AG, Methanex Corporation, Petroliam National Berhad (PETRONAS), Teijin, Celanese Corporation, Valero Marketing and Supply Company, Mitsubishi Chemicals, Zagros Petrochemicals Company (ZPC), Methanol Holdings (Trinidad) Limited (MHTL), Qatar Fuel Additives Company Limited, Saudi International Petrochemical Company and Japan โ Arabia Methanol Company Limited.
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 with 24.8% in 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 Middle East Methanol Market report thoroughly covers the market by product type, distribution channels, and countries including Saudi Arabia and Iran. Middle East 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 Middle East Methanol Market Overview |
3.1 Middle East Regional Macro Economic Indicators |
3.2 Middle East Methanol Market Revenues & Volume, 2020 & 2027F |
3.3 Middle East Methanol Market - Industry Life Cycle |
3.4 Middle East Methanol Market - Porter's Five Forces |
3.5 Middle East Methanol Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 Middle East Methanol Market Revenues & Volume Share, By Feedstock, 2020 & 2027F |
3.7 Middle East Methanol Market Revenues & Volume Share, By Derivatives, 2020 & 2027F |
3.8 Middle East Methanol Market Revenues & Volume Share, By Sub-Derivatives, 2020 & 2027F |
3.9 Middle East Methanol Market Revenues & Volume Share, By End-Use Industry, 2020 & 2027F |
4 Middle East Methanol Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Middle East Methanol Market Trends |
6 Saudi Arabia Methanol Market, 2017 - 2027 |
6.1.1 Saudi Arabia Methanol Market, Revenues & Volume, By Feedstock, 2017 - 2027 |
6.1.2 Saudi Arabia Methanol Market, Revenues & Volume, By Derivatives, 2017 - 2027 |
6.1.3 Saudi Arabia Methanol Market, Revenues & Volume, By Sub-Derivatives, 2017 - 2027 |
6.1.4 Saudi Arabia Methanol Market, Revenues & Volume, By End-Use Industry, 2017 - 2027 |
7 UAE Methanol Market, 2017 - 2027 |
7.1 UAE Methanol Market, Revenues & Volume, By Feedstock, 2017 - 2027 |
7.2 UAE Methanol Market, Revenues & Volume, By Derivatives, 2017 - 2027 |
7.3 UAE Methanol Market, Revenues & Volume, By Sub-Derivatives, 2017 - 2027 |
7.4 UAE Methanol Market, Revenues & Volume, By End-Use Industry, 2017 - 2027 |
8 Qatar Methanol Market, 2017 - 2027 |
8.1 Qatar Methanol Market, Revenues & Volume, By Feedstock, 2017 - 2027 |
8.2 Qatar Methanol Market, Revenues & Volume, By Derivatives, 2017 - 2027 |
8.3 Qatar Methanol Market, Revenues & Volume, By Sub-Derivatives, 2017 - 2027 |
8.4 Qatar Methanol Market, Revenues & Volume, By End-Use Industry, 2017 - 2027 |
9 Kuwait Methanol Market, 2017 - 2027 |
9.1 Kuwait Methanol Market, Revenues & Volume, By Feedstock, 2017 - 2027 |
9.2 Kuwait Methanol Market, Revenues & Volume, By Derivatives, 2017 - 2027 |
9.3 Kuwait Methanol Market, Revenues & Volume, By Sub-Derivatives, 2017 - 2027 |
9.4 Kuwait Methanol Market, Revenues & Volume, By End-Use Industry, 2017 - 2027 |
10 Oman Methanol Market, 2017 - 2027 |
10.1 Oman Methanol Market, Revenues & Volume, By Feedstock, 2017 - 2027 |
10.2 Oman Methanol Market, Revenues & Volume, By Derivatives, 2017 - 2027 |
10.3 Oman Methanol Market, Revenues & Volume, By Sub-Derivatives, 2017 - 2027 |
10.4 Oman Methanol Market, Revenues & Volume, By End-Use Industry, 2017 - 2027 |
11 Bahrain Methanol Market, 2017 - 2027 |
11.1 Bahrain Methanol Market, Revenues & Volume, By Feedstock, 2017 - 2027 |
11.2 Bahrain Methanol Market, Revenues & Volume, By Derivatives, 2017 - 2027 |
11.3 Bahrain Methanol Market, Revenues & Volume, By Sub-Derivatives, 2017 - 2027 |
11.4 Bahrain Methanol Market, Revenues & Volume, By End-Use Industry, 2017 - 2027 |
12 Turkey Methanol Market, 2017 - 2027 |
12.1 Turkey Methanol Market, Revenues & Volume, By Feedstock, 2017 - 2027 |
12.2 Turkey Methanol Market, Revenues & Volume, By Derivatives, 2017 - 2027 |
12.3 Turkey Methanol Market, Revenues & Volume, By Sub-Derivatives, 2017 - 2027 |
12.4 Turkey Methanol Market, Revenues & Volume, By End-Use Industry, 2017 - 2027 |
13 Rest of Middle East Methanol Market, 2017 - 2027 |
13.1 Rest of Middle East Methanol Market, Revenues & Volume, By Feedstock, 2017 - 2027 |
13.2 Rest of Middle East Methanol Market, Revenues & Volume, By Derivatives, 2017 - 2027 |
13.3 Rest of Middle East Methanol Market, Revenues & Volume, By Sub-Derivatives, 2017 - 2027 |
13.4 Rest of Middle East Methanol Market, Revenues & Volume, By End-Use Industry, 2017 - 2027 |
14 Middle East Methanol Market Key Performance Indicators |
15 Middle East Methanol Market - Opportunity Assessment |
15.1 Middle East Methanol Market Opportunity Assessment, By Countries, 2020 & 2027F |
15.2 Middle East Methanol Market Opportunity Assessment, By Feedstock, 2020 & 2027F |
15.3 Middle East Methanol Market Opportunity Assessment, By Derivatives, 2020 & 2027F |
15.4 Middle East Methanol Market Opportunity Assessment, By Sub-Derivatives, 2020 & 2027F |
15.5 Middle East Methanol Market Opportunity Assessment, By End-Use Industry, 2020 & 2027F |
16 Middle East Methanol Market - Competitive Landscape |
16.1 Middle East Methanol Market Revenue Share, By Companies, 2020 |
16.2 Middle East Methanol Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |