Methanol is used to manufacture a host of industrial chemicals that find use in diverse applications. There is a growing market for the use of methanol in the energy sector where it is used for direct blending, production of dimethyl ether (DMG) and biodiesel. Formaldehyde is a derivative of methanol and is the largest single end-use of methanol. It is used to produce a number of derivatives such as plastics and resins. Acetic Acid, another derivative of Methanol, is used to produce PTA.
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Methanol is the future energy basket of the world, enjoying a bright and exciting future for business investment due to its remarkable applications. Methanol is a key component of hundreds of chemicals that are integral parts of our daily lives. Methanol is most often converted into formaldehyde, acetic acid, and olefins - all basic chemical building blocks for a number of common products. There are a number of products that are developed from these materials, too many to list all on this page, but needless to say, methanol is all around us and is a critical component of modern life.
Methanol consumption in India has skyrocketed in comparison to production and is dominated by imports. Given the global dynamics of this market, price volatility is a regular feature. Investment opportunity exists for a capacity of over a million tons in India. Methanol is one of the major chemicals traded in the Indian market. The demand for methanol has considerably grown at a decent growth rate of 6.4% from the fiscal year 2011-12 to 2016-17. Demand is expected to grow at about 6.9% per annum over the period of 2016-17 to 2021-22. As demand growth out-paces production, imports will increase substantially during this period.
GNFC, Deepak Fertilizers and Petrochemical Corporation, Rashtriya Chemicals and Fertilizers and Assam Petrochemicals Limited are the key producers of Methanol; Iran Saudi Arabia and Brunei are the major importing sources of Methanol.
The global methanol market is projected to reach USD 54.16 Billion by 2021, registering a CAGR of 12.4% between 2016 and 2021. This growth is fueled by the use of methanol as fuel in the automotive industry, increasing olefins production from methanol-to-olefin (MTO)/ methanol-to-propylene (MTP) plants in China, and increasing petrochemicals demand, globally.
The methanol economy is a lucrative future economy in which methanol and dimethyl ether replace fossil fuel as a means of energy storage, ground transportation fuel, and raw material for synthetic hydrocarbons. It offers an alternative to the proposed hydrogen economy or ethanol economy.
Highlights of the Report
- Domestic installed capacity, production, Import, Export and demand
- Demand Supply Forecasting
- Key Manufacturers in India
- Capacity Utilization Rate
- Planned Projects and Expansions
- Domestic Market Share and Trends
- Region-wise Demand Distribution
- Month-wise Import Quantities
- Month-wise Export Quantities
- Country-wise Share of Imports
- Country wise Share of Exports
- Major End Users, Traders and Distributors
- CFR Pricing
- Domestic Market Prices
- Prominent Production Technology Licensors
- Industrial Manufacturing Process
- Application and Use in Diverse Sectors
- Global Market highlights
- Health Impacts
- Chemical and Physical Properties
- Market Dynamics
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