Asia Pacific Methanol Market Forecast to 2028 - COVID-19 Impact and Regional 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)
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)
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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.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
1.2.1 Asia Pacific Methanol Market, by Derivative
1.2.2 Asia Pacific Methanol Market, by End Use Industry
1.2.3 Asia Pacific Methanol Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Asia Pacific Methanol Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Asia Pacific Methanol Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing use of Methanol as Feedstock in Various Applications
5.1.2 Rising Application of Methanol in Construction Activities
5.2 Market Restraints
5.2.1 Detrimental Effect of Methanol on Human Health
5.3 Market Opportunities
5.3.1 Growing Adoption of Methanol as Blended Fuel in Transportation Industry
5.4 Future Trends
5.4.1 Rising Trend of Green Methanol
5.5 Impact Analysis
6. Methanol – Asia Pacific Market Analysis
6.1 Asia Pacific Methanol Market Overview
6.2 Asia Pacific Methanol Market –Revenue and Forecast to 2028 (US$ Mn)
7. Asia Pacific Methanol Market Analysis – By Derivative
7.1 Overview
7.2 Asia Pacific Methanol Market, By Derivative (2020 and 2028)
7.3 Formaldehyde:
7.3.1 Overview
7.3.2 Formaldehyde: Asia Pacific Methanol Market– Revenue and Forecast to 2028 (USD Mn)
7.4 Acetic Acid
7.4.1 Overview
7.4.2 Acetic Acid: Asia Pacific Methanol Market– Revenue and Forecast to 2028 (USD Mn)
7.5 Methanol-to-Olefins (MTO)/Methanol-to-Propylene (MTP)
7.5.1 overview
7.5.2 Methanol-to-Olefins (MTO)/Methanol-to-Propylene (MTP): Asia Pacific Methanol Market– Revenue and Forecast to 2028 (USD Mn)
7.6 Methyl Tertiary-Butyl Ether (MTBE)
7.6.1 Overview
7.6.2 Methyl tertiary-butyl ether (MTBE): Asia Pacific Methanol Market– Revenue and Forecast to 2028 (USD Mn)
7.7 Methyl methacrylate (MMA)
7.7.1 Overview
7.7.2 Methyl methacrylate (MMA): Asia Pacific Methanol Market– Revenue and Forecast to 2028 (USD Mn)
7.8 Biodiesel (Gasoline Blending)
7.8.1 Overview
7.8.2 Biodiesel (Gasoline Blending): Asia Pacific Methanol Market– Revenue and Forecast to 2028 (USD Mn)
7.9 Dimethyl Ether (DME)
7.9.1 Overview
7.9.2 Dimethyl ether (DME): Asia Pacific Methanol Market– Revenue and Forecast to 2028 (USD Mn)
7.10 Others
7.10.1 Overview
7.10.2 Others: Asia Pacific Methanol Market– Revenue and Forecast to 2028 (USD Mn)
8. Asia Pacific Methanol Market Analysis – By End-Use
8.1 Overview
8.2 Automotive
8.2.1 Overview
8.2.2 Automotive: Asia Pacific Methanol Market – Revenue and Forecast to 2028 (US$ Million)
8.3 Construction
8.3.1 Overview
8.3.2 Construction: Asia Pacific Methanol Market – Revenue and Forecast To 2028 (US$ Million)
8.4 Electronics
8.4.1 Overview
8.4.2 Electronics: Market – Revenue, and Forecast to 2028 (US$ Million)
8.5 Packaging
8.5.1 Overview
8.5.2 Packaging: Asia Pacific Methanol Market – Revenue and Forecast To 2028 (US$ Million)
8.6 Pharmaceuticals
8.6.1 Overview
8.6.2 Pharmaceuticals: Asia Pacific Methanol Market – Revenue and Forecast To 2028 (US$ Million)
8.7 Paints and Coatings
8.7.1 Overview
8.7.2 Paints and Coatings: Asia Pacific Methanol Market – Revenue and Forecast To 2028 (US$ Million)
8.8 Others
8.8.1 Overview
8.8.2 Others: Asia Pacific Methanol Market – Revenue and Forecast To 2028 (US$ Million)
9. Asia Pacific Methanol Market – Country Analysis
9.1 Overview
9.2 Asia-Pacific: Asia Pacific Methanol Market
9.2.1 Asia-Pacific: Asia Pacific Methanol Market –Revenue and Forecast to 2028 (US$ Million)
9.2.1.1 Australia: Asia Pacific Methanol Market –Revenue and Forecast to 2028 (US$ Million)
9.2.1.1.1 Australia: Asia Pacific Methanol Market, by Derivative
9.2.1.1.2 Australia: Asia Pacific Methanol Market, by End Use
9.2.1.2 China: Asia Pacific Methanol Market –Revenue and Forecast to 2028 (US$ Million)
9.2.1.2.1 China: Asia Pacific Methanol Market, by Derivative
9.2.1.2.2 China: Asia Pacific Methanol Market, by End Use
9.2.1.3 India: Asia Pacific Methanol Market –Revenue and Forecast to 2028 (US$ Million)
9.2.1.3.1 India: Asia Pacific Methanol Market, by Derivative
9.2.1.3.2 India: Asia Pacific Methanol Market, by End Use Industry
9.2.1.4 Japan: Asia Pacific Methanol Market –Revenue and Forecast to 2028 (US$ Million)
9.2.1.4.1 Japan: Asia Pacific Methanol Market, by Derivative
9.2.1.4.2 Japan: Asia Pacific Methanol Market, by End Use Industry
9.2.1.5 South Korea: Asia Pacific Methanol Market –Revenue and Forecast to 2028 (US$ Million)
9.2.1.5.1 South Korea: Asia Pacific Methanol Market, by Derivative
9.2.1.5.2 South Korea: Asia Pacific Methanol Market, by End Use Industry
9.2.1.6 Rest of Asia-Pacific: Asia Pacific Methanol Market –Revenue and Forecast to 2028 (US$ Million)
9.2.1.6.1 Rest of Asia-Pacific: Asia Pacific Methanol Market, by Derivative
9.2.1.6.2 Rest of Asia-Pacific: Asia Pacific Methanol Market, by End Use Industry
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 New Product Development
10.4 Merger and Acquisition
11. COMPANY PROFILES
11.1 Methanex Corporation
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 OCI N.V.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 BASF SE
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 SABIC
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Mitsubishi Gas Chemical Co.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 HELM AG
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Celanese Corporation
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Zagros Petrochemical co.
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Mitsui and co. ltd.
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 LyondellBasell Industries Holdings B.V.
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. Asia Pacific Methanol Market, by Derivative– Revenue and Forecast to 2028 (US$ Million)
Table 2. Asia Pacific Methanol Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia Asia Pacific Methanol Market, by Derivative – Revenue and Forecast to 2028 (US$ Million)
Table 4. Australia Asia Pacific Methanol Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 5. China Asia Pacific Methanol Market, by Derivative – Revenue and Forecast to 2028 (US$ Million
Table 6. China Asia Pacific Methanol Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 7. India Asia Pacific Methanol Market, by Derivative – Revenue and Forecast to 2028 (US$ Million)
Table 8. India Asia Pacific Methanol Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 9. Japan Asia Pacific Methanol Market, by Derivative – Revenue and Forecast to 2028 (US$ Million)
Table 10. Japan Asia Pacific Methanol Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 11. South Korea Asia Pacific Methanol Market, by Derivative – Revenue and Forecast to 2028 (US$ Million)
Table 12. South Korea Asia Pacific Methanol Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of Asia Pacific Methanol Market, by Derivative – Revenue and Forecast to 2028 (US$ Million)
Table 14. Rest of Asia Pacific Methanol Market, by End Use Industry – Revenue and Forecast to 2028 (US$ Million)
Table 15. Glossary of Terms, Asia Pacific Methanol Market
LIST OF FIGURES
Figure 1. Asia Pacific Methanol Market Segmentation
Figure 2. Asia Pacific Methanol Market Overview
Figure 3. Asia Pacific Methanol Market, By Derivative
Figure 4. Asia Pacific Methanol Market, by Country
Figure 5. Porter's Five Forces Analysis
Figure 6. Asia Pacific Methanol Market - Ecosystem
Figure 7. Expert Opinion
Figure 8. Asia Pacific Methanol Market Impact Analysis of Drivers and Restraints
Figure 9. Country Overview of Asia Pacific Methanol Market
Figure 10. Asia Pacific Methanol Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 11. Asia-Pacific: Asia Pacific Methanol Market Revenue Share, by Derivative (2020 and 2028)
Figure 12. Formaldehyde: Asia Pacific Methanol Market– Revenue and Forecast To 2028 (USD Mn)
Figure 13. Acetic Acid: Asia Pacific Methanol Market– Revenue and Forecast To 2028 (USD Mn)
Figure 14. Methanol-to-Olefins (MTO)/Methanol-to-Propylene (MTP): Asia Pacific Methanol Market– Revenue and Forecast To 2028 (USD Mn)
Figure 15. Methyl tertiary-butyl ether (MTBE): Asia Pacific Methanol Market– Revenue and Forecast To 2028 (USD Mn)
Figure 16. Methyl methacrylate (MMA): Asia Pacific Methanol Market– Revenue and Forecast To 2028 (USD Mn)
Figure 17. Biodiesel (Gasoline Blending): Asia Pacific Methanol Market– Revenue and Forecast To 2028 (USD Mn)
Figure 18. Dimethyl ether (DME): Asia Pacific Methanol Market– Revenue and Forecast To 2028 (USD Mn)
Figure 19. Others: Asia Pacific Methanol Market– Revenue and Forecast To 2028 (USD Mn)
Figure 20. Asia Pacific Methanol Market Revenue Share, by end use (2020 and 2028)
Figure 21. Automotive: Asia Pacific Methanol Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 22. Construction: Asia Pacific Methanol Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 23. Electronics: Asia Pacific Methanol Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 24. Packaging: Asia Pacific Methanol Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 25. Pharmaceuticals: Asia Pacific Methanol Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 26. Paints and Coatings: Asia Pacific Methanol Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 27. Others: Asia Pacific Methanol Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 28. Asia Pacific Methanol Market Revenue Share, by region (2021 and 2028)
Figure 29. Asia-Pacific: Asia Pacific Methanol Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Australia: Asia Pacific Methanol Market –Revenue and Forecast to 2028 (US$ Million)
Figure 31. China: Asia Pacific Methanol Market –Revenue and Forecast to 2028 (US$ Million)
Figure 32. India: Asia Pacific Methanol Market –Revenue and Forecast to 2028 (US$ Million)
Figure 33. Japan: Asia Pacific Methanol Market –Revenue and Forecast to 2028 (US$ Million)
Figure 34. South Korea: Asia Pacific Methanol Market –Revenue and Forecast to 2028 (US$ Million)
Figure 35. Rest of Asia-Pacific: Asia Pacific Methanol Market –Revenue and Forecast to 2028 (US$ Million)
- 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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