Methanol Consumption to Exceed 46 Million Tons by 2012, According to New Report by Global Industry Analysts, Inc.

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Driven by consistent demand from traditional end-uses, and growing interest from the fuel cell industry, the market for methanol is expected to reach 46.43 million tons by 2012. Major factors governing competition in the market include efficiency of manufacturing plants, and availability and cost of natural gas, which is the main feedstock for methanol.

Methanol: A Global Strategic Business Report

Environmental regulations in different regions in the world are likely to have a significant impact on the demand for methanol and its derivatives. Fall of MTBE market in the US market is a key factor limiting growth. The industry expects that other new growing markets would compensate demand declines due to phase out. Booming markets in Asia-Pacific and emerging markets in Europe are likely to offset slow growth in the US. Methanol is produced from natural gas, coal, renewable resources such as wood waste and garbage. A major factor tempering demand for the chemical is natural gas prices. Natural gas accounts for more than 60% of the cost of producing methanol. Therefore, availability, pricing and overall dynamics of methanol is inextricably intertwined with the natural gas industry. A key component in hydrogen fuel cells, demand for the material is likely to intensify following increased levels of research and development and keen interest in fuel cells.

Asia-Pacific represents the largest market for methanol worldwide, with sales estimated at 17.3 million metric tons, as stated by Global Industry Analysts, Inc. US, Europe and Asia-Pacific collectively account for nearly 87% of the global methanol market. The U.S. market is set to experience declining growth trends, while Asia is expected to be the fastest growing market. Consumption of methanol in formaldehyde production is projected to reach 15.2 million metric tons by 2010. Consumption of methanol in acetic acid production is expected to record a CAGR of 6.4% for the period 2001-2010.

Market participants include Atlantic Methanol Production Company LLC, BASF SE, Celanese Corporation, Eastman Chemical Company, JSC "METAFRAX", Metanol de Oriente, METOR, S.A., Methanex Corporation, Methanex Chile Limited, Methanex New Zealand Ltd., Methanol Holdings (Trinidad) Limited, METHANOR V.O.F, Mitsubishi Gas Chemical Company, Inc., National Petrochemical Company, PEMEX Mexicanos S.A., PETRONAS, Qatar Fuel Additives Company Ltd., Repsol YPF, Saudi Basic Industries Corporation, Ar-Razi Saudi Methanol, Saudi International Petrochemical Company, and StatoilHydro ASA.

The report titled "Methanol: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers, product profile, players, competition, end-use applications, recent developments, mergers, acquisitions, and other strategic industry activities. Analysis is presented for major geographic markets such as United States, France, Germany, the UK, Italy, Spain, Asia, and Latin America for the period 1991-2015. Analytics are provided in terms of end-use segments including Formaldehyde, Acetic Acid, Methyl Tert Butyl Ether (MTBE), Methyl Methacrylate, Dimethyl Terephthalate, Solvents and others.

For more details about this research report, please visit

About Global Industry Analysts, Inc.:
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
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