Market Research Global Methanol Market Analysis 2018

The global methanol market is expected grow at a significant rate during the forecast period,
driven mainly by the increasing use of methanol (in the form of fuel and antifreeze agent) in the
automotive industry. The methanol industry has experienced an explosive growth, primarily in
China and the United States, owing to significant developments in shale gas.
Increasing Use of Methanol in the Automotive Industry Driving the Market
Methanol is used directly as an affordable transportation fuel for automobile engines due to its
efficient combustion, ease of distribution, and easy availability. It is also used as an antifreeze
agent for automobile radiators. Moreover, it can be blended with gasoline to generate a fuel that
is efficient and can boost octane number with lower emissions when compared to conventional
gasoline. Methanol gasoline blends have widespread use in China and have been introduced in
several countries outside of China as well.
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2023/inquiry
Acetic Acid Dominating the Market
Acetic acid is the main feedstock to manufacture vinyl acetate monomer, which was at the
forefront in terms of volumetric consumption in 2017. It is mainly driven by the growing demand
for polyvinyl acetates and vinyl alcohols, which, in turn, are accelerating the demand for acetic
acid. Acetic acid is a key building block to manufacturing various chemicals, such as vinyl
acetate monomer (VAM), purified terephthalic acid (PTA), acetate esters, and acetic anhydride,
which are further used by a wide range of end-user industries, such as synthetic fibers, textiles,
inks, and pesticides. It is used in many applications, such as vinyl acetate monomer, purified
terephthalic acid, acetate esters, acetic anhydride, and others. Vinyl acetate monomer (VAM)
was the largest application segment for the market accounting for over 34% of the global acetic
acid consumption in 2017. The acetate esters segment is expected to be the strongest growth
segment of the market, primarily driven by the growing demand from the coatings industry.
Asia-Pacific Dominating the Methanol Market
Asia-Pacific is the leading and fastest growing market for methanol, in terms of value and
volume, and this trend is expected to continue till 2023. China is the largest and fastest growing
market in the region. The demand for methanol is highly dependent on the increasing production
of feedstock and growth in methanol production in China. Furthermore, rapid R&D in the use of
methanol as an alternative fuel for vehicles is also paving the way for the growth of its market in
the region.
Major Players: BASF, SABIC, and Methanex Corp, amongst others.
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segmented-by-derivatives-end-user-industry-and-region-growth-trends-and-forecast-2018-
2023
Reason to Purchase the Report
To understand the impact of various product types on the market
Analyzing various perspectives of the market with the help of Porters five forces analysis
To understand the dominating product type and end-user industry in the market