DUBLIN--(BUSINESS WIRE)--The "Global Methanol Industry - Forecast, Size, Growth, Opportunities, and Trends 2017-2021" report has been added to Research and Markets' offering.
Global methanol demand crossed 71 million tons in 2016, driven by the various energy applications for methanol.
By the end of 2021, the demand for methanol will easily cross 95 MMT.
Asia-Pacific represents the biggest 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.
Factors Driving Industry Growth
- Rising Popularity of Methanol Fuel
- Rising Demand from Asia-Pacific
-
Low Per Capita Consumption of Methanol
Challenges Facing the Industry
- Impact of Recession
- Low Growth in Many Developed Markets
- Competition from Shale Gas
In the coming years, methanol-based fuel cells is expected to become one of the promising sectors for the market. 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.
In the years leading up to 2021, the global methanol industry can optimize the various new opportunities in the consumer electronics fuel cells space.
The usage of methanol for fuel purposes is also 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:
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 Players
- BASF SE
- BP Plc
- China National Coal Group
- China Risun Coal Chemical Limited
- Deepak Fertilizers and Petrochemicals Corporation
- Duke Energy Corporation
- Eastman Chemical Company
- Gujarat Narmada Valley Fertilizers
- JSC Togliattiazot
- Linde AG
- LyondellBasell Industries
- Mitsubishi Gas Chemical Co. Inc.
- Petroleos Mexicanos
- Petroliam Nasional Bhd (PETRONAS)
- Praxair Inc
- Rashtriya Chemicals and Fertilizers Limited
- Repsol SA
- Royal Dutch Shell Plc
- Saudi Basic Industries Corporation
- Terra Industries Inc/CF Industries
- Total SA
- Yunnan Ruiqi Chemical Company
For more information about this report visit https://www.researchandmarkets.com/research/pz5wvh/global_methanol
