In
2010, the global consumption of methanol was noted to be around 45
million tons. Presently, China is the world’s single largest
consumer of methanol as a fuel, with a total consumption capacity of
20.5 million metric tons in 2010. This was followed by the USA, with
5.3 million tons consumption (approximately 11% of global
production). So, where does all this methanol come from?
Methanol
is abundantly found in nature, since it is a decomposed form of
organic matter. The report sheds light on the production and
consumption of methanol. Globally, China is driving the methanol
market. The largest producer of methanol at present is China, with
its production capacity exceeding 26 million tons in 2009. Methanol
is extensively used in industries such as chemicals and
transportation.
The
report provides an in-depth analysis of the global methanol market
with detailed data on several key aspects of the market. These
include price trends, value chain, market size, product trends,
future revenue estimates, and government regulations. The pros and
cons of implementing government policies are also available in the
report. Furthermore, information on key business collaborations,
mergers and acquisitions, and joint ventures between the major
industry players are present in the report. Additionally, with the
help of value chain-relevant key micro and macro factors that will
impact the upcoming and existing market players are addressed in the
report.
Overview
of the global methanol market
Methanol
is a liquefied variant of methane. Decomposition of organic substance
produces methane gas. With depleting fossil fuel sources, alternative
energy sources have gained importance. In this scenario, methanol is
the preferred choice over other modern-day gasoline products since
the former releases of same amount of energy as petroleum. Many
petroleum products utilize methanol as an additive to achieve
enhanced performance of internal combustion engines.
The
global methanol market is segmented into three derivatives of
methanol, namely acetic acid, methyl tertiary butyl ether (MTBE), and
formaldehyde. Currently, the market for methanol is experiencing a
record high demand for fuel applications such as dimethyl ether,
biodiesel, and for direct mixing of methanol in gasoline.
Approximately 40% of the total methanol consumption is geared towards
producing formaldehyde, which is used in the manufacturing of diverse
commodities such as explosives, paints, plastics, and plywood.
The
global methanol market benefits from drivers such as high production
capacity in plants, growth in chemical intermediates, and easy
availability of natural gas. Furthermore, low per capita consumption
of methanol provides a good potential for the growth of demand from
China.
However,
the conversion of methane into the liquid form is expensive, which
inhibits the growth of the methanol market. Moreover, the existing
supply of methane fails to meet the increasing global demand for
fuel.
Companies
mentioned in the research report
Several
prominent companies in the global methanol market have been profiled
in the report. Some of these top players include BASF SE, JSC
“METAFRAX”, Methanex Chile Ltd., Atlantic Methanol Production
Company LLC, Eastman Chemical Company, and Celanese Corporation
(U.S.).
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