Abstract
Methanol, a key chemical intermediary, finds extensive use in the production
of formaldehyde, acetic acid and other chemicals, with formaldehyde accounting
for more than one-third of all methanol demand. Changing demand patterns have
witnessed stagnant growth of methanol consumption in the fuel market.
China has contributed significantly to demand growth, accounting for about
four-fifths of demand gain during the current decade. A key driver for
increase in Chinese capacity is the rapidly growing domestic demand. However,
methanol industry will require new capacity addition outside of China to cater
to increasing global demand. There are considerable opportunities for demand
growth in new applications like micro fuel cells, biodiesel and fuel blending.
With production bases shifting to Asian countries, the cost of distribution
has become a significant component of the operating costs of methanol
producers. The global methanol industry is fairly consolidated with the top
five global methanol producers having a share of around one-half of the
worldwide market.
The report analyzes the worldwide methanol market with focus on China. It also
analyzes the outlook of the market and consumption pattern of methanol in its
major end-markets. The report profiles the major global methanol producers. It
also analyzes the major growth drivers and key issues in the market.
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