Methanol Market Size, Share, Growth, Trend and Key Players are Methanex Corporation, BASF SE, Mitsubishi Gas Chemical Company, Mitsui & Co. Ltd.

A comprehensive overview of the Methanol market is recently added by UnivDatos Market Insights to its humongous database. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the regional Methanol market. This report offers a detailed analysis of the latest industry developments and trending factors that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the APAC Methanol market at the country levels. The regional Methanol market is likely to showcase significant growth during the forecast period (2021-2030).

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Market Overview
APAC held the significant share in the global methanol market owing to its large and increasing demand from methanol derivatives producers due to rising market of appliances, automotive, construction, electronics, fuel, paint, pharmaceutical, and marine. The region is among the largest market of aforementioned industries and demand is increasing owing to rising consumer disposable income, growing population, and increasing government investment to improve the infrastructure in order to boost the economic growth. With the growth in this sector, demand of chemical products like formaldehyde, acetic acid, and MTBE among others is increasing, thus increasing the consumption of methanol. Further, large number of methanol producers has their manufacturing facilities in the region in order to take the advantage of cheap raw material, labor, and less stringent government regulations.
Further, supporting government policies to increase the adoption of methanol in transport and energy industry is propelling the growth of the market. For instance, NITI Aayog, India, is running a programme “Methanol Economy” to reduce India's oil import bill, greenhouse gas (GHG) emissions, and converting coal reserves and municipal solid waste into methanol. Further, several companies are manufacturing products which can run on methanol fuels. For instance, Thermax Ltd. has developed a 5 KW methanol-based reformer on a Direct Methanol Fuel Cell (DMFC). This module is being tested to replace DG sets in mobile towers. These factors is likely to propel the market of methanol in the region

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APAC Methanol market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

By Derivatives, the market is primarily divided into:
• Formaldehyde
• Acetic Acid
• Methyl tert-Butyl Ether (MTBE)
• Methyl Methacrylate (MMA)
• Dimethyl Terephthalate (DMT)
• Methanethiol
• Methylamines
• Methyl Chloride
• Gasoline Blending & Combustion
• Biodiesel
• Dimethyl Ether (DME)
• Fuel Cells
• Methanol-to-Olefins
• Others

On the basis of derivatives, formaldehyde captured the significant portion of the market and is expected to retain its position during the forecast period owing to its numerous applications in large number of industries. Formaldehyde is an important raw material in the production of wide range of products like particleboard, plywood, and fiberboard; glues and adhesives; permanent-press fabrics; paper product coatings; and certain insulation materials. Further, it is used in the production of food, paints & coatings, and disinfectant. Therefore, with rising construction activities in the region demand of aforementioned products would also increase, thus increasing the consumption of formaldehyde.

By industry, the market is mainly categorized into:
• Chemical & Polymers
• Transport
• Others
Based on industry, chemical & polymer held the substantial share in the market and is likely to continue its performance during the forecast period due to production of large number of chemical related methanol derivatives. Derivatives like formaldehyde, MTBE, and acetic acid are among the largest consumer of methanol which are produced in the chemical industry. Further, increasing construction activities due to rising urbanization and growing population along with improving consumer disposable power which resulted in home decoration activities is further propelling the demand of building materials. Thus, increasing the consumption of methanol derivatives like formaldehyde as a result improving the market share of chemical & polymer.

APAC Methanol Market Geographical Segmentation Includes:
• South Korea
• Japan
• Taiwan
• China
• India
• Malaysia
• Brunei
• Indonesia
• Vietnam
• Philippines
• Thailand
• Singapore
• Australia
• Rest of APAC

China is among the largest producer and consumer of methanol not only in the region but across the globe. The country has witnessed an exponential increase in production and consumption of methanol due to its increase in the production of DME and methanol gasoline blending. Further, the country is among the largest producer of formaldehyde and acetic acid and the production is likely to increase in the near future due to growing end use industry like construction, automotive, chemical, and textile among others owing to vast population and growing consumer disposable income. Further, country has abundance of coal, which can be converted into methanol through gasification. The production of methanol from coal gasification is a mature technology. As a result, country has tapped this opportunity to produce methanol on a large scale which helped the country to suffice most of its requirement domestically at a low cost. This is turn helped the country to become the leading producer and consumer of methanol.

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• Methanex Corporation
• BASF SE
• Mitsubishi Gas Chemical Company
• Mitsui & Co. Ltd.
• Gujarat Narmada Valley Fertilizers & Chemicals Ltd.
• Petronas
• Yanzhou Coal Mining Company Ltd.
• Shanghai Huayi (Group) Company
• Ningxia Baofeng Energy Group Co. Ltd.
• Celanese Corporation

Competitive Landscape
The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating in the region. The specialist team of research analysts sheds light on various traits such as regional market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the APAC Methanol market. The major players have been analyzed by using research methodologies for getting insight views on market competition.

Key questions resolved through this analytical market research report include:

• What are the latest trends, new patterns, and technological advancements in the APAC Methanol market?
• Which factors are influencing the regional Methanol market over the forecast period?
• What are the regional challenges, threats, and risks in the regional Methanol market?
• Which factors are propelling and restraining the regional Methanol market?
• What are the demanding regional countries of the Methanol market?
• What will be the market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by the companies?
We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature. Please let us know If you have any custom needs.

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