Aarkstore - Global Demand, Capacity and Prices for Methanol - China to Remain the Dominant Market
Summary
""Global Demand, Capacity and Prices for Methanol - China to Remain the Dominant Market"". The study comes from the companys oil and gas research group, and provides market analysis of the global methanol industry, highlighting major features. It provides historic and forecast market size, demand and production figures by region, covering Asia-Pacific (APAC), Europe, North America, South America, and the Middle East and Africa. It uses data and information sourced from proprietary databases, primary and secondary research, and in-house analysis by GlobalDatas team of industry experts.
The global methanol industry witnessed steady growth between 2003 and 2013, despite the global recession in 2008. Developed regions such as North America and Europe declined in terms of both demand and production, whereas APAC led the industry, with strong demand from major end-use sectors in the petrochemicals and energy industries.
During the next five years, the European and North American markets are not expected to experience any substantial increase in demand volume. However, a large amount of capacity is likely to be added in the US, as it has access to cheap and abundant natural gas feedstock.
China will remain the growth driver of the global methanol industry, with its higher-than-average demand growth. It will continue to increase production capacity to fulfill this, and is expected to add 22.17 million tons per year (mmty) of methanol capacity over the next five years. Overall, methanol capacity in APAC is expected to increase by around 27 mmty by 2018.
Scope
The report provides in-depth analysis of the demand and supply dynamics of the global methanol industry, including -
- Historic and forecast global methanol capacity by region
- Details of planned methanol plants
- Major global methanol producers capacity shares
- Historic and...