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.

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