Asia Pacific Methanol Market

Historic Data: 2019-2020   |   Base Year: 2021   |   Forecast Period: 2022-2028

Analysis By Derivative [Formaldehyde, Acetic Acid, Methanol-to-Olefins (MTO)/Methanol-to-Propylene (MTP), Methyl Tertiary-Butyl Ether (MTBE), Methyl Methacrylate (MMA), Biodiesel (Gasoline Blending), Dimethyl Ether (DME), and Others] and End-Use Industry (Automotive, Construction, Electronics, Packaging, Pharmaceuticals, Paints and Coatings, and Others)


No. of Pages: 139    |    Report Code: TIPRE00029069    |    Category: Chemicals and Materials

Asia Pacific Methanol Market
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The Asia Pacific methanol market is expected to reach US$ 27,073.72 million by 2028 from US$ 17,738.87 million in 2021; it is expected to grow at a CAGR of 6.2% from 2021 to 2028.

 

Methanol is used as feedstock for manufacturing various construction-related materials such as plastic pipes, paints and coatings, carpet underlay, wood panels, and crane ropes. Moreover, formaldehyde-based resins, one of the methanol's derivatives, are widely used to manufacture composite and engineered wood products used in cabinetry, countertops, moldings, shelving, stair systems, flooring, wall sheathing, support beams, and trusses. Also, glue adhesives used as bonding agents for building blocks are made of formaldehyde-based chemistry. In addition, methanol is used as a solvent for paints and varnishes as it is easily dissolvable compared to ethanol. Hence, methanol and its derivates are extensively used while producing a range of building construction-related materials. Rapidly growing building constructions in developing and developed economies are increasing the demand for building construction-related materials. As per the National Bureau of Statistics of China, the country's real estate development witnessed 38.3% growth from January to April 2021 compared to the same months in 2020. The country's real estate industry estimated around 1 trillion investments in construction activities in 2021. Therefore, growing building construction activities regionally are bolstering the demand for methanol as it is widely used to manufacture various construction-related materials.

 

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the growth of the Asia Pacific methanol market during the forecast period.

 

Asia Pacific Methanol Market  Revenue and Forecast to 2028 (US$ Million)
Asia Pacific Methanol Market  Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Methanol Market  Segmentation 

 

The Asia Pacific methanol market is segmented on the basis of derivative and end-use industry. Based on derivative,the market is segmented into formaldehyde, acetic acid, methanol-to-olefins (MTO)/methanol-to-propylene (MTP), methyl tertiary-butyl ether (MTBE), methyl methacrylate (MMA), biodiesel (gasoline blending), dimethyl ether (DME), and others. Based on end-use industry, the Asia Pacific methanol market is segmented into automotive, construction, electronics, packaging, pharmaceuticals, paints and coatings, and other. By country, the market is segmented into Australia, China, India, Japan, South Korea, and the rest of APAC.

 

Asia Pacific Methanol Market Companies

 

Methanex Corporation, OCI N.V., BASF SE, SABIC, Mitsubishi Gas Chemical Co., HELM AG, Celanese Corporation, Zagros Petrochemical co., Mitsui and co. ltd., and LyondellBasell Industries Holdings B.V are among the leading companies in the Asia Pacific methanol market.


Asia Pacific Methanol Strategic Insights

Strategic insights for the Asia Pacific Methanol provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

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Asia Pacific Methanol Report Scope

Report Attribute Details
Market size in 2021 US$ 17,738.87 Million
Market Size by 2028 US$ 27,073.72 Million
Global CAGR (2021 - 2028) 6.2%
Historical Data 2019-2020
Forecast period 2022-2028
Segments Covered By Derivative
  • Formaldehyde
  • Acetic Acid
  • Methanol-to-Olefins/Methanol-to-Propylene
  • Methyl Tertiary-Butyl Ether
  • Methyl Methacrylate
  • Biodiesel
  • Dimethyl Ether
By End-Use Industry
  • Automotive
  • Construction
  • Electronics
  • Packaging
  • Pharmaceuticals
  • Paints and Coatings
Regions and Countries Covered Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
Market leaders and key company profiles
  • Methanex Corporation
  • OCI N.V.
  • BASF SE
  • SABIC
  • Mitsubishi Gas Chemical Co.
  • HELM AG
  • Celanese Corporation
  • Zagros Petrochemical co.
  • Mitsui and co. ltd
  • LyondellBasell Industries Holdings B.V.
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    Asia Pacific Methanol Regional Insights

    The geographic scope of the Asia Pacific Methanol refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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    The List of Companies - Asia Pacific Methanol Market

    1.  Methanex Corporation               
    2. OCI N.V.                                                              
    3. BASF SE                                                                               
    4. SABIC   
    5. Mitsubishi Gas Chemical Co.                                                      
    6. HELM AG                                                            
    7. Celanese Corporation                                 
    8. Zagros Petrochemical co.
    9. Mitsui and co. ltd
    10. LyondellBasell Industries Holdings B.V. 
    Frequently Asked Questions
    How big is the Asia Pacific Methanol Market?

    The Asia Pacific Methanol Market is valued at US$ 17,738.87 Million in 2021, it is projected to reach US$ 27,073.72 Million by 2028.

    What is the CAGR for Asia Pacific Methanol Market by (2021 - 2028)?

    As per our report Asia Pacific Methanol Market, the market size is valued at US$ 17,738.87 Million in 2021, projecting it to reach US$ 27,073.72 Million by 2028. This translates to a CAGR of approximately 6.2% during the forecast period.

    What segments are covered in this report?

    The Asia Pacific Methanol Market report typically cover these key segments-

    • Derivative (Formaldehyde, Acetic Acid, Methanol-to-Olefins/Methanol-to-Propylene, Methyl Tertiary-Butyl Ether, Methyl Methacrylate, Biodiesel, Dimethyl Ether)
    • End-Use Industry (Automotive, Construction, Electronics, Packaging, Pharmaceuticals, Paints and Coatings)

    What is the historic period, base year, and forecast period taken for Asia Pacific Methanol Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Methanol Market report:

  • Historic Period : 2019-2020
  • Base Year : 2021
  • Forecast Period : 2022-2028
  • Who are the major players in Asia Pacific Methanol Market?

    The Asia Pacific Methanol Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • Methanex Corporation
  • OCI N.V.
  • BASF SE
  • SABIC
  • Mitsubishi Gas Chemical Co.
  • HELM AG
  • Celanese Corporation
  • Zagros Petrochemical co.
  • Mitsui and co. ltd
  • LyondellBasell Industries Holdings B.V.
  • Who should buy this report?

    The Asia Pacific Methanol Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the Asia Pacific Methanol Market value chain can benefit from the information contained in a comprehensive market report.

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