Global Foreacst on the Methanol Market Growth Mar-2017

Global Methanol Market 2017-2021
The Methanol market report contains a comprehensive market and vendor landscape in addition to a
SWOT analysis of the key vendors for 2017-2021. The following companies are the key players in the
global methanol market: Celanese, Methanex, Mitsubishi Gas Chemical, Petroliam Nasional Berhad
(PETRONAS), and SABIC. Other Prominent Vendors in the market are BASF, Methanol Holdings
(Trinidad), and Reliance Industries.
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Market Trend
One trend in market is focus of automotive manufacturers on reduction of carbon footprints by using
biodiesels. The growth in the automotive sector is driven by the growth in the production of passenger
vehicles, especially hybrid commercial vehicles. Increasing environmental regulations and pollution
control measures are increasing the prominence of hybrid electric vehicles (HEVs), which are driven by a
combination of electric motor and internal combustion engines (ICEs). These vehicles are energy-
efficient, eco-friendly, and offer performance benefits such as increased acceleration and lower
maintenance costs.
In addition to the aforementioned benefits, these vehicles are being promoted by government agencies
globally as they reduce the consumption of conventional fuels and do not cause noise and air pollution.
Along with making the vehicles energy-efficient, manufacturers are focusing on using biodiesels such as
methane as they weigh less than their synthetic counterparts and are green.
Market Driver
One driver in methanol market is rising demand for methanol from China. The global market for
methanol is expected to reach $54.30 billion by 2021, growing at a CAGR of 11.09% annually. China is a
leading country in the global market. The demand for methanol and its derivatives in China has been
rising progressively since the 1980s, as the country has embraced methanol as a clean transportation
fuel. The low cost of methanol as compared with conventional fuels globally, is further encouraging
methanol fuel blending. The process is gaining momentum in emerging economies such as India, Brazil,
and China, primarily because methanol blends offer clean fuel benefits at a low cost.
The adoption of methanol as an alternative fuel and the advantage associated with methanol being able
to use alternative feedstocks such as coal and natural gas in countries like China, which have limited
domestic oil reserves, are propelling the growth of the global market. Methanol is an ideal solution for
China as it aids in meeting the country's increasing fuel demand and strengthens its domestic energy
economy.
Market Challenge
One challenge in methanol market is fluctuating methanol prices. The global methanol market is
extremely competitive and methanol-related products' prices are affected by the demand and supply