The Australia Methanol market demand stood at 3100 thousand tonnes in 2023 and is expected to grow at a CAGR of 3.89% during the forecast period until 2034. Methanol, alternatively called wood spirit, is a polar solvent denoted by the chemical formula CH3OH. Its industrial manufacturing process entails the catalytic conversion of carbon monoxide. This transparent liquid is gaining popularity over gasoline-based fuels due to its cost efficiency and reduced combustion hazards. Methanol acts as a solvent in the synthesis of formaldehyde, acetic acid, olefins, and organic aromatic compounds. Its adaptability spans across multiple sectors like paints, coatings, pharmaceuticals, automotive, and electronics, showcasing its extensive applicability across industries.
Methanol's utilization as a cost-effective solvent across diverse sectors such as chemicals which is expected to significantly enhance the market dynamics of Methanol in the forecast period. In the chemical sector, methanol serves as the essential ingredient for manufacturing acetic acid, formaldehyde, Methyl tert-butyl ether (MTBE), and various other products. The increasing global demand for cleaner fuels positions methanol as a promising option, aligning with environmental sustainability goals. Moreover, the Australian government's growing support for renewable energy initiatives, including methanol production, provides a favorable regulatory environment. Additionally, ongoing developments in technology present opportunities to enhance production efficiency and reduce costs, making methanol a more competitive option in the market. These factors combined create a conducive landscape for growth and innovation within the Australian methanol industry, attracting investment and fostering collaborations across sectors. As the world shifts towards cleaner energy sources and sustainable practices, Australia stands poised to capitalize on these opportunities, driving advancements in methanol production and contributing to a more sustainable future. Due to these reasons, the Australia Methanol market size is estimated to reach roughly 4700 thousand tonnes in 2034.
Based on the end-user industry, the Australia Methanol market is segregated into Formaldehyde, Acetic Acid, MTBE, Gasoline Blending, Others. The largest chunk of Methanol goes towards Formaldehyde segment. In 2023, this industry consumed about 35% of the net Australia Methanol market.
Major players in the Australia Methanol market are Methanol Australia Limited and Coogee. Other players in the Global Methanol market are Methanex Corporation, Methanol Holdings (Trinidad) Limited (MHTL), Natgasoline LLC, Saudi Arabia Basic Industries Corporation (SABIC), Mitsubishi Gas Chemical, Mitsubishi Gas Chemical, NPC-Zagros, OCI, Ningxia Baofeng Energy Group, Kaveh Methanol Petrochemical, 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 Australia.
• To analyse and forecast the market size of Methanol
• To classify and forecast Australia Methanol market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Methanol market in Australia.
To extract data for Australia 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 Australia Methanol market over the coming years.
ChemAnalyst calculated Methanol demand across the Australia 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, Australia 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
3100 thousand tonnes
Market size Volume by 2034
4700 thousand tonnes
Growth Rate
CAGR of 3.89% 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, Acetic Acid, MTBE, Gasoline Blending, Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
New South Wales, Victoria & Tasmania, Queensland, Western Australia, Southern Australia & Northern Territory
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Market Data & Insights
Table of Content
1.Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of Methanol market in terms of value and volume.
2.Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Methanol.
3.Capacity By Location
To better understand the regional supply of Methanol by analyzing its manufacturers' location-based capacity.
4.Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
5.Production By Company [Quarterly Update]
Study the historical annual production of Methanol by the leading players and forecast how it will grow in the coming years.
6.Demand by End- Use [Quarterly Update]
Discover which end-user industry (Formaldehyde, Acetic Acid, MTBE, Gasoline Blending, Others) are creating a market and the forecast for the growth of the Methanol market.
7.Demand by Region
Analyzing the change in demand of Methanol in different regions, i.e., New South Wales, Victoria & Tasmania, Queensland, Western Australia, Southern Australia & Northern Territory, that can direct you in mapping the regional demand.
8.Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell Methanol. Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
9.Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Methanol.
10.Country-wise Export
Get details about quantity of Methanol exported by major countries.
11.Country-wise Import
Get details about quantity of Methanol imported by major countries.
12.Company Share
Figure out what proportion of the market share of Methanol is currently held by leading players across Australia.
13.Manufacturing Process
Discover insights into the intricate manufacturing process of Methanol.
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Member - Board of Directors
Osaka Gas Co. Ltd
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of force majeure, affects the plant's operating rate for the given duration. Disruption tracker gives a clear insight
into the worldwide outages affecting the commodity of interest. With every shutdown, it also reflects the impact on
supply of the product in the market at a Global level.
What was the size of Australia Methanol market in terms of volume in 2023?
Ans:
The size of Australia Methanol market has grown significantly in the historic period and reached approximately 3100 thousand tonnes in 2023.
Q2.
Which industry is leading as the leading consumer of Australia Methanol market?
Ans:
Formaldehyde industry is the leading consumer of Australia Methanol market.
Q3.
Do you offer single or multiuser license?
Ans:
Online Access 12 Months – Single User License (Up to 3 users can access the database) Online Access 12 Months – Enterprise License (Up to 10 Users can access the database)
Q4.
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Ans:
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