Market OutlookThe This research report states that the Asia-Pacific methanol market is expected to grow in terms of revenue with a CAGR of 5.80% during the forecast period 2019 to 2027.China, India, Japan, South Korea, Malaysia & Indonesia, Australia & New Zealand and countries in rest of APAC together constitute the methanol market in the Asia-Pacific region.APAC was the largest market for petrochemicals in 2018. The dynamic economic growth, coupled with the increasing domestic consumption of petrochemical products, has led to the growth of the petrochemical industry in the region and boosted intraregional competition. Furthermore, China is the largest producer and consumer of petrochemical products. Most well-established Chinese petrochemical manufacturers are now focusing on externalizing their businesses by acquiring assets in Asia and globally. China and other APAC countries such as India, Japan and South Korea are the major consumers of petrochemical products, especially for the manufacture of paints & coatings, polymers, dyes and adhesives. Moreover, the increasing use of methanol in various end-use industries such as automotive, construction, electronics and paints & coatings is likely to fuel the growth of the petrochemicals industry. This is a positive factor for the global methanol market. Competitive OutlookThe major organizations that have established their presence in the market are Mitsubishi Chemicals, Teijin, Saudi Basic Industries Corporation, Celanese Corporation, Methanex Corporation, BASF AG, Qatar Fuel Additives Company Limited, Petroliam Nasional Berhad (PETRONAS), Methanol Holdings (Trinidad) Limited (MHTL), Valero Marketing and Supply Company, Mitsui & Co., Ltd. and Zagros Petrochemical Company (ZPC).
Table of Contents
1. Asia-Pacific Methanol Market - Summary
2. Industry Outlook
3. Methanol Market Outlook - By End-User
4. Methanol Market Outlook - By Derivatives
5. Methanol Market - Asia-Pacific
6. Competitive Landscape
7. Methodology & Scope
Table List
Figure List
Companies Mentioned
A selection of companies mentioned in this report includes:
- Basf AG
- Celanese Corporation
- Qatar Fuel Additives Company Limited
- Methanol Holdings (Trinidad) Limited (MHTL)
- Methanex Corporation
- Mitsubishi Chemicals
- Mitsui & Co., Ltd.
- Petroliam Nasional Berhad (Petronas)
- SAudi Basic Industries Corporation
- Teijin
- Valero Marketing and Supply Company
- Zagros Petrochemical Company (ZPC)
Methodology
LOADING...