The Asia-Pacific methanol market is expected to have its sovereignty in the global market throughout the forecast period of 2018-2026 by rising with a CAGR of 11.63% over these projected years.
China is one of the key leading countries in APAC, and the demand for methanol and its derivatives primarily stem from the country's energy and petrochemicals sectors. Other countries analyzed in this report are India, Japan, South Korea and Australia. Increasing number of housing construction projects and the growing demand from paints and coatings is expected to be a major driver for the methanol market in these countries.
Some of the popular methanol manufacturing companies in this region are Zagros Petrochemical Company, Saudi Basic Industries Corporation, Mitsubishi Chemicals, Teijin, Basf Ag, Qatar Fuel Additives Company Limited, Methanol Holdings (Trinidad) Limited (MHTL), Petroliam Nasional Berhad (Petronas) and Mitsui & Co. Ltd.