The Malaysia Methanol market demand stood at 1170 thousand tonnes in 2023 and is likely to expand at a CAGR of 3.55% during the forecast period until 2034.
Methanol is a pivotal player in the chemical and petrochemical industries, serving as a crucial component for manufacturing formaldehyde, acetic acid, and various other indispensable chemicals. In the automotive realm, methanol finds application in producing MTBE, an additive that enhances fuel efficiency and diminishes emissions. Within chemical processes, methanol serves as a vital precursor for formaldehyde production, which finds extensive utilization in fabricating plastics, resins, adhesives, and coatings. Formaldehyde further contributes to the synthesis of polymers like phenol-formaldehyde, urea-formaldehyde, and melamine-formaldehyde resins, essential for engineered wood products, laminates, and molded plastics. Moreover, formaldehyde-based resins play a crucial role in adhesive formulations for bonding wood, laminates, and composite materials in the construction and furniture sectors.
The Malaysia methanol market experiences significant growth due to the use of methanol as a raw material for producing various downstream chemicals. Through chemical processes like synthesis and conversion reactions, methanol facilitates the creation of important compounds including formaldehyde, acetic acid, olefins, and methyl tert-butyl ether (MTBE). These chemicals serve as essential building blocks for manufacturing numerous consumer and industrial goods. Consequently, the demand for methanol in Malaysia closely correlates with the production and consumption of these downstream chemicals, driving the expansion of the country's methanol market. Owing to these factors, Malaysia Methanol market is likely to reach roughly 1700 thousand tonnes in 2034.
Based on the end-user industry, the Malaysia Methanol market is segmented into Formaldehyde, MTO, MTBE, Gasoline Blending, Others. Within these sectors, the Formaldehyde industry commands the highest market share, closely followed by the MTBE industry. As of 2023, the Formaldehyde industry secured a market share of approximately 30%.
Main player in Malaysia Methanol market is PETRONAS Chemicals Group Berhad. Main players in the Global Methanol market are Methanex Corporation, Mitsubishi Gas Chemical, Saudi Arabia Basic Industries Corporation (SABIC), Methanol Holdings (Trinidad) Limited (MHTL), Ningxia Baofeng Energy Group, Methanol Australia Limited, Mitsubishi Gas Chemical, NPC-Zagros, Kaveh Methanol Petrochemical, OCI, Natgasoline LLC, 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 Malaysia Methanol which covers production, demand and supply of Methanol market in Malaysia.
• To analyse and forecast the market size of Malaysia Methanol
• To classify and forecast Malaysia Methanol market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Methanol market in Malaysia.
To extract data for Malaysia 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 Malaysia Methanol market over the coming years.
ChemAnalyst calculated Methanol demand across the Malaysia 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 ass 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, Malaysia 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
1170 thousand tonnes
Market size Volume by 2034
1700 thousand tonnes
Growth Rate
CAGR of 3.55% 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, Foreign Trade, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Formaldehyde, MTO, MTBE, Gasoline Blending, Others)
I am satisfied with overall performance of ChemAnalyst. Weekly updates before the final report were especially helpful and reassuring. Additional requests on the interim and/or final reports were handled in a swift and professional manner
Mr.Shin Dosho
Member - Board of Directors
Osaka Gas Co. Ltd
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What was the size of Malaysia Methanol market in terms of volume in 2023?
Ans:
The size of Malaysia Methanol market has grown significantly and reached approximately 1170 thousand tonnes in 2023.
Q2.
Which industry is leading as the leading consumer of Methanol?
Ans:
Formaldehyde industry is the leading consumer of Methanol.
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Ans:
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Ans:
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