Middle East and Africa Methanol Market 2019-2027

Market OutlookThe Middle East & African methanol market is anticipated to upsurge with a CAGR of 5.19% in the forecasting years of 2019-2027.Saudi Arabia, the UAE, Turkey, South Africa and countries in rest of Middle East & Africa together form the methanol market in the Middle East & Africa region.The MEA region is a major source for methanol. Since the demand for methanol in the native is low, most of it is exported to the other regions. Energy is increasingly being consumed in the Middle Eastern region; the last five years have seen an increase in the consumption of oil & gas in the UAE. The UAE, along with other Middle Eastern countries, are the global leaders in fossil fuel production. However, due to certain policies & initiatives being launched by the government concerning the use of clean technology, a growth in the use of renewable energy sources has been witnessed.The construction, automotive and electronics industries in Turkey are experiencing significant growth, which is expected to give a boost to the country’s methanol market. Turkey contributed significantly to the global methanol market in 2018. The demand for methanol is also expected to rise in African countries. This is attributable to the expansion of the pharmaceutical and automotive industries. In rest of MEA countries such as Iran, a substantial increase in the methanol demand has been witnessed. This can be attributed to the incorporation of clean technologies in such countries for the development of a sustainable system.Competitive OutlookThe prime participants in the market are Saudi Basic Industries Corporation, BASF AG, Methanex Corporation, Petroliam Nasional Berhad (PETRONAS), Teijin, Celanese Corporation, Valero Marketing and Supply Company, Mitsubishi Chemicals, Zagros Petrochemical Company (ZPC), Methanol Holdings (Trinidad) Limited (MHTL), Mitsui & Co., Ltd. and Qatar Fuel Additives Company Limited.

1. Middle East and Africa Methanol Market - Summary

2. Industry Outlook

2.1. Market Definition
2.2. Key Insights
2.2.1. Automotive Sector Holds the Largest Market Share
2.2.2. Formaldehyde is Widely Used Derivative of Methanol
2.3. Porter’s Five Force Analysis
2.3.1. Threat of New Entrants
2.3.2. Threat of Substitute
2.3.3. Bargaining Power of Suppliers
2.3.4. Bargaining Power of Buyers
2.3.5. Intensity of Competitive Rivalry
2.4. Market Attractiveness Index
2.5. Vendor Scorecard
2.6. Market Drivers
2.6.1. Rising Acceptance of the Mto Technology
2.6.2. Rise in the Demand For Petrochemicals
2.6.3. Need For Conventional Transportation Fuels
2.6.4. Promotion of Methanol as An Alternative Fuel By the Government
2.7. Market Restraints
2.7.1. Scarcity of Raw Materials
2.7.2. Use of Fuel Grade Ethanol or Bioethanol Instead of Methanol
2.8. Market Opportunities
2.8.1. Increase in the Demand For Bio-Based Products
2.8.2. Development in Technology For Biorefining
2.8.3. Application of Methanol as a Marine Fuel
2.9. Market Challenges
2.9.1. Unstable Methanol Prices
2.9.2. Economic Slowdown Hinders the Demand For Methanol
2.9.3. Regulations and Policies

3. Methanol Market Outlook - By End-User

3.1. Automotive
3.2. Construction
3.3. Electronics
3.4. Paints and Coatings
3.5. Other End-Users

4. Methanol Market Outlook - By Derivatives

4.1. Formaldehyde
4.2. Acetic Acid
4.3. Gasoline
4.4. Dme
4.5. Mtbe & Tame
4.6. Other Derivatives

5. Methanol Market - Middle East and Africa

5.1. United Arab Emirates
5.2. Turkey
5.3. Saudi Arabia
5.4. South Africa
5.5. Rest of Middle East and Africa

6. Competitive Landscape

6.1. Basf Ag
6.2. Celanese Corporation
6.3. Qatar Fuel Additives Company Limited
6.4. Methanol Holdings (Trinidad) Limited (Mhtl)
6.5. Methanex Corporation
6.6. Mitsubishi Chemicals
6.7. Mitsui & Co., Ltd.
6.8. Petroliam Nasional Berhad (Petronas)
6.9. Saudi Basic Industries Corporation
6.10. Teijin
6.11. Valero Marketing and Supply Company
6.12. Zagros Petrochemical Company (ZPC)

7. Methodology & Scope

7.1. Research Scope
7.2. Sources of Data
7.3. Research Methodology

Table List

Table 1: Middle East and Africa Methanol Market, By Geography, 2019-2027 (In $ Million)
Table 2: Market Attractiveness Index
Table 3: Vendor Scorecard
Table 4: Middle East and Africa Methanol Market, By Country, 2019-2027 (In $ Million)
Table 5: Middle East and Africa Methanol Market, By End-Users, 2019-2027 (In $ Million)
Table 6: Middle East and Africa Methanol Market, By Derivatives, 2019-2027 (In $ Million)

Figure List

Figure 1: Middle East and Africa Methanol Market, By End-User, 2018 & 2027 (In %)
Figure 2: Middle East and Africa Automotive Market For Methanol, 2019-2027 (In $ Million)
Figure 3: Middle East and Africa Formaldehyde Market, 2019-2027 (In $ Million)
Figure 4: Porter’s Five Force Analysis
Figure 5: Middle East and Africa Methanol Market, By Automotive, 2019-2027 (In $ Million)
Figure 6: Middle East and Africa Methanol Market, By Construction, 2019-2027 (In $ Million)
Figure 7: Middle East and Africa Methanol Market, By Electronics, 2019-2027 (In $ Million)
Figure 8: Middle East and Africa Methanol Market, By Paints and Coatings, 2019-2027 (In $ Million)
Figure 9: Middle East and Africa Methanol Market, By Other End-Users, 2019-2027 (In $ Million)
Figure 10: Middle East and Africa Methanol Market, By Formaldehyde, 2019-2027 (In $ Million)
Figure 11: Middle East and Africa Methanol Market, By Acetic Acid, 2019-2027 (In $ Million)
Figure 12: Middle East and Africa Methanol Market, By Gasoline, 2019-2027 (In $ Million)
Figure 13: Middle East and Africa Methanol Market, By Dme, 2019-2027 (In $ Million)
Figure 14: Middle East and Africa Methanol Market, By Mtbe & Tame, 2019-2027 (In $ Million)
Figure 15: Middle East and Africa Methanol Market, By Other Derivatives, 2019-2027 (In $ Million)
Figure 16: Middle East and Africa Methanol Market, Regional Outlook, 2018 & 2027 (In %)
Figure 37: United Arab Emirates Methanol Market, 2019-2027 (In $ Million)
Figure 38: Turkey Methanol Market, 2019-2027 (In $ Million)
Figure 39: Saudi Arabia Methanol Market, 2019-2027 (In $ Million)
Figure 40: South Africa Methanol Market, 2019-2027 (In $ Million)
Figure 41: Rest of Middle East and Africa Methanol Market, 2019-2027 (In $ Million)