DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/k79g29/global_methanol_in) has announced the addition of the "Global Methanol Industry" report to their offering.
The global methanol market is anticipated to grow at the rate of over ten percent in the coming five years. Key factor driving market growth includes growing consumption of methanol in Asia-Pacific, especially in the Chinese market. In addition, the increasing use of methanol across various end-use segments including alternative fuels and acetic acid is expected to drive the market growth. Asia-Pacific represents the largest as well as the fastest growing regional market for methanol worldwide. A significant portion of methanol consumption in Asia-Pacific originates from the Chinese market.
Rapid development of chemical, agricultural, construction and automobile industries, and increased usage of the chemical in various end-use segments including alternative fuels, acetic acid, pharmaceuticals, and fuel cells among others is encouraging the growth of the methanol industry worldwide.
In the coming years, methanol-based fuel cells represent one of the promising sectors for the market. Initially, methanol-based fuel cells were aimed at automotive purposes. However, preliminary uses are likely to be in transportable power generation such as for laptops, cell phones, and digital cameras. The application of fuel cells in customer electronics is getting encouragement in the form of many countries including the US permitting travelers to bring fuel cell cartridges along with them. Toshiba introduced direct methanol fuel cell (DMFC) battery charger in mid-2009 and DMFC packs for cell phones and personal computers during the latter part of 2009. The move offers the methanol industry with additional opportunities in the consumer electronics fuel cells space.
The usage of methanol for fuel purposes is poised to create additional opportunities for the market in the coming years. Methanol is currently being used in transesterification stage of biodiesel manufacturing process. Given the fact that numerous biodiesel projects are under consideration or construction stage, the demand for methanol is likely to increase in this space and compensate for some of the demand lost to MTBE.
Key Topics Covered:
Executive Summary
Chapter 1: Global Methanol Industry
Chapter 2: Methanol Industry in Asia Pacific
Chapter 3: Methanol Industry in Europe
Chapter 4: Methanol Industry in Middle East & Africa
Chapter 5: Methanol Industry in North America
Chapter 6: Methanol Industry in South America
Chapter 7: Major Industry Player
Chapter 8: Conclusion
Companies Mentioned
- BASF SE
- BP Plc
- Duke Energy Corporation
- Eastman Chemical Company
- Linde AG
- LyondellBasell Industries
- Mitsubishi Gas Chemical Co. Inc.
- Petroleos Mexicanos
- Petroliam Nasional Bhd (PETRONAS)
- Praxair Inc
- Repsol SA
- Royal Dutch Shell Plc
- Saudi Basic Industries Corporation
- Total SA
- Terra Industries Inc/CF Industries
- China Risun Coal Chemical Limited
- China National Coal Group
- Deepak Fertilizers and Petrochemicals Corporation
- Gujarat Narmada Valley Fertilizers
- JSC Togliattiazot
- Rashtriya Chemicals and Fertilizers Limited
- Yunnan Ruiqi Chemical Company
For more information visit http://www.researchandmarkets.com/research/k79g29/global_methanol_in