Methanol is a organic compound that has many industrial applications. It is used for production of other industrial chemicals and in various industries as fuel due to its combustion. There is high demand for methanol for industrial and energy applications which are expected to result in changes in the cost of methanol in the Asia Methanol Market during 2015-2020.

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Applications of the Asia Methanol Market:

Huge demand for the methanol and its product in Asia due to rise of industrialization in the region suggests IndustryARC market study report on Asia Methanol Market. Methanol is a feedstock for the production of chemicals such as formaldehyde and acetic acid, which are used in products like plywood subfloors, adhesives, foams, solvents and windshield washer fluids. It is also be used for fuels in vehicles and it is ecofriendly fuel as well as combusts completely in the environment.

China is anticipated to witness significant growth in the Asia Methanol Market during 2015-2020. India and China are two emerging economies with high demand for fuels and supplies for their industries and price of methanol is expected to witness changes in this period. About 40% of world’s produced methanol is used in energy related applications such as generation and utilization.

Methanol is also used as Transportation fuel, Fuel cell hydrogen carrier, Wastewater Denitrification, Biodiesel transesterification, electricity generation etc. due to methanol properties. As per the marketing research of IndustryARC, methanol price in the region depends on the availability of methanol in methanol plant for supplying to other industries and it is expected to witness upsurge in demand and little growth in the methanol cost in the Asia Methanol Market during 2015-2020.

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Segmentation and Key players of the Asia Methanol Market:

The Asia Methanol Market is segmented into various categories by application and by countries in the market analysis report by IndustryARC as follows:
By application: Formaldehyde, Acetic acid, Methanol-to-Olefins (MTO), Dimethyl Ether (DME), gasoline blending and combustion and others.
By country: China, Japan, South Korea, Taiwan, India, Malaysia and others

The key players in the Asia Methanol Market according to the IndustryARC marketing analysis study are as follows:
• Petroliam Nasional Berhad
• Methanex Corporation
• China National Offshore Oil Corporation
• Sinopec Group

The Asia Methanol Market is a fast growing market with high demand for methanol or methanol alcohol for methanol supply in chemical industries and methanol uses in other end user industries across the globe. This market is expected to witness high growth owing to increasing methanol producers and methanol suppliers to fulfill industrial demand, growth in methanol production process and increasing investment in the methanol industry during 2015-2020.

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