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Asia-Pacific Methanol Industry - Strong Demand From Downstream Applications Driving Growth
GlobalData, March 2011, Pages: 6
Methanol is a biodegradable liquid chemical, commonly produced from natural gas. It is a chemical intermediary whose major end-use segments are formaldehyde, Dimethyl Ether (DME) and acetic acid. It is also used as an alternative to petroleum-based fuels. Asia-Pacific has been the leader of the global demand for methanol, growing three-fold from 2000 to 2010. China is the driver of this huge demand, accounting for 76% of the total Asia-Pacific methanol demand in 2010. This rapid growth in the methanol industry can be attributed to increased demand in its end-use segments. In the future demand is expected to be fuelled by alternative uses such as gasoline blending, production of olefins, direct combustion applications and Direct Methanol Fuel Cells (DMFC).
Scope
- Analyses the Asia Pacific's demand and production scenario of methanol industry
- Analyses the end use segments driving methanol demand in the region
Reasons to buy
- Understand the drivers for methanol industry in Asia Pacific
- Formulate strategies based on the upcoming capacities
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