Emphasis on Feedstock (Natural Gas, Coal, Others); Derivatives (Formaldehyde, Acetic Acid, MTBE, MMA, DMT, Methanethiol, Methylamines, Methyl Chloride, Gasoline Blending & Combustion, Biodiesel, DME, Fuel Cells, Methanol-To-Olefins, Others); Industry (Chemical & Polymer, Transport, Others); and Country
The regional Methanol market is likely to showcase significant growth during the forecast period (2021-2030). Currently, fossil fuel captured the largest share in the synthesis of methanol. Fossil fuel, particularly, natural gas and coal are the largest consumed feedstock for the production of methanol. Therefore, domestic availability of these feedstock could help the APAC region in stabilizing the prize of methanol as currently commercially viable price is one of the key factors the growth of the methanol market. Coal is the among the most consumed feedstock in the methanol production. The regional economies are among the largest producers of coal across the globe. Thus, regional economies have key advantages in the production of methanol on a large scale. China, India, and Australia are among the largest producer of coal across the globe. Although, 2021 has witnessed a coal crisis with shortage of coal across major economies like China and India, this in turn increases the price of coal. Thus, affecting the market of methanol
Insights Presented in the Report
“Amongst feedstock, coal held significant share in the market in 2020.”
Based on feedstock, the market is categorized into natural gas, coal, and others. Among these, coal captured the significant share in the market and is likely to showcase significant growth during the forecast period. This can be mainly attributable to the large use of coal in China for the production of methanol due to coal abundance of coal resulting in low-cost methanol production.
“Amongst derivatives, formaldehyde accounted for significant share in the market in 2020.”
Based on derivatives, the market is categorized into formaldehyde, acetic acid, MTBE, MMA, DMT, methanethiol, methylamines, methyl chloride, gasoline blending & combustion, biodiesel, DME, fuel cells, methanol-to-olefins, and others. Among these, formaldehyde held the prominent share in the market and is likely to showcase substantial growth during the forecast period. Rising construction activities in the region owning to rapid urbanization and increasing population has resulted in the increasing demand of building materials. Since, formaldehyde is widely used in the production of several building materials, thus the category held the considerable market share.
“China held the largest share in the APAC Methanol Market”
For a better understanding of the market adoption of Methanol, the market is analyzed based on its regional presence in the countries such as South Korea, Japan, Taiwan, China, India, Malaysia, Brunei, Indonesia, Vietnam, Philippines, Thailand, Singapore, Australia, and Rest of APAC. China had the prominent share in the regional methanol market pie. This is mainly ascribed to the large base of chemical industry. The country is the largest producer of chemicals across the globe. This has helped the country to capture the prominent position in the market.
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1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis
4. Executive Summary
5. Apac Methanol Market Covid-19 Impact
6. Apac Methanol Market Volume (thousand Tons) And Revenue (usd Bn), 2015-2030f
7. Market Insights By Feedstock
8. Market Insights By Derivatives
9. Market Insights By Industry
10. Market Insights By Country
11. Methanol Market Dynamics
12. Methanol Market Opportunities
13. Methanol Market Trends
14. Legal & Regulatory Framework
15. Value Addition
16. Demand And Supply Side Analysis
17. Value Chain Analysis
18. Competitive Scenario
19. Company Profiled
20. Disclaimer
Analyzing the historical market, estimation of the current market, and forecasting the future market of the Methanol three major steps undertaken to create and analyze its adoption across the region. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the Methanol industry. Post assumption and validation of market numbers through primary interviews, we employed a bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the Methanol through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Methanol market, we conducted a detailed secondary analysis to gather current market insights and share for different segments & sub-segments for major countries. Major segments included in the report are by feedstock, derivatives, and industry.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of Methanol. Further, we conducted factor analysis using dependent and independent variables such as increasing government initiatives to support the methanol economy and reducing reliance on conventional fossil fuels. A thorough analysis was conducted for demand and supply-side scenario considering increasing investment, top partnerships, merger and acquisition, business expansion, and product launches in the Methanol industry.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the regional Methanol market, and market shares of each segment. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., bottom-up approach was applied to arrive at the market forecast to 2030 for different segments and subsegments across the major regional countries. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major countries. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Countries
Market Engineering
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the Methanol market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of feedstock, derivatives, and industry.
The main objective of the Methanol market study
The current & future market trends of regional Methanol were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market at a country level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
Deep dive country level analysis of the industry
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