The Indonesia Methanol market in terms of volume was nearly 1350 thousand tonnes in 2023 and is expected to grow at a CAGR of 3.2% during the forecast period until 2034.
Methanol, also known as wood spirit, is a polar solvent represented by the chemical formula CH3OH. Its production involves catalytically converting carbon monoxide. This chemical is increasingly favoured over gasoline-derived fuels because of its cost-effectiveness and lower combustion risks. Methanol serves as a solvent in producing formaldehyde, acetic acid, olefins, and organic aromatic compounds. Its versatility extends to various sectors such as paints, coatings, pharmaceuticals, automotive, and electronics, highlighting its broad utility across industries.
The growth of Indonesia's Methanol market is spurred by strong demand for Methanol as a solvent in chemical manufacturing processes such as Formaldehyde, acetic acid, and MTBE. Formaldehyde, an essential compound derived from methanol, sees extensive utilization across multiple sectors like construction, automotive, driving substantial demand for methanol in the area. Additionally, methanol's crucial involvement in producing methyl tert-butyl ether (MTBE), a fuel additive enhancing gasoline performance and reducing air pollution, further underscores its importance. The robust demand for methanol as a solvent in chemical manufacturing underscores its indispensable role across various industries within the Indonesia region, significantly contributing to the overall growth of the methanol market. Indonesia mainly relies on imports to meet its domestic demand for methanol. As of 2023, Indonesia imported around 980 thousand tonnes of methanol. Due to these reasons, the Indonesia Methanol market size is estimated to reach roughly 1900 thousand tonnes in 2034.
Based on the end-user industry, the Indonesia Methanol market is segregated into Formaldehyde, MTBE, Acetic Acid, Gasoline Blending, Others. The predominant share of Methanol is held by the Formaldehyde sector, constituting approximately 30% of the entire Indonesia Methanol market in 2023.
Major player in the Indonesia Methanol market is PT Kaltim Methanol Industry and Others. Major players in the Asia Pacific Methanol market are Gujarat Narmada Valley Fertilizers and Chemicals Ltd, Shenhua Ningxia Coal Industry Company, Shaanxi Shenmu Chemical Industry Co. Ltd, Shangdong Hualu Hengsheng Group Co., Ltd, Assam Petro-Chemicals Ltd, Gujarat State Fertilizers & Chemicals Ltd, Deepak Fertilizer & Chemicals Ltd, Rashtriya Chemicals & Fertilizers, Ningxia Baofeng Energy Group, Methanol Australia Limited, PETRONAS Chemicals Group Berhad, Methanex Corporation, State Power Investment Corporation, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2034
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Objective of the Study:
• To assess the demand-supply scenario of Methanol which covers production, demand and supply of Methanol market in Indonesia.
• To analyse and forecast the market size of Methanol
• To classify and forecast Indonesia Methanol market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Methanol market in Indonesia.
To extract data for Indonesia Methanol market, primary research surveys were conducted with Methanol manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Indonesia Methanol market over the coming years.
ChemAnalyst calculated Methanol demand across the Indonesia region by analysing the volume of Methanol consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Methanol manufacturers and other stakeholders
• Organizations, forums and alliances related to Methanol distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Methanol manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Indonesia Methanol market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2023
1350 thousand tonnes
Market size Volume by 2034
1900 thousand tonnes
Growth Rate
CAGR of 3.2% from 2024 to 2034
Base year
2023
Estimated Year
2024
Historical Data
2015 – 2022
Forecast period
2025 – 2034
Quantitative units
Demand in thousand tonnes and CAGR from 2024 to 2034
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade, Manufacturing Process.
Segments covered
By End-Use: (Formaldehyde, MTBE, Acetic Acid, Gasoline Blending, Others)
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Member - Board of Directors
Osaka Gas Co. Ltd
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What will be the size of Indonesia Methanol market in terms of volume in 2034?
Ans:
The size of Indonesia Methanol market has grown significantly in the historic period and is likely to reach approximately 1350 thousand tonnes in 2034.
Q2.
Which industry is leading as the leading end-user of Indonesia Methanol market?
Ans:
Formaldehyde industry is the leading end-user of Indonesia Methanol market.
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Ans:
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