India accounted for four percent of the overall Asia-Pacific methanol market demand share in the year 2011. The end-use segments for methanol in India are different to the end-use segments in other regions in the world. In India, methanol fills an important niche in the pharmaceutical sector market. However, the major end use was formaldehyde-based resins, and this is expected to grow at a rate of further by 2021 due to healthy demand from the flexible packaging sector.
MTBE, which has its end use in applications in the automobile sector, is expected to be the next end use sector which is likely to drive methanol consumption in India during 2021. Following a brief decline in prices during the recession, global Methanol market is all set to recuperate and gain momentum in the following years. Production capacity as well as production of methanol is expected to surge in the following years. As such capacity as well as production has been increasing over the last few years and the trend is expected to continue.
Methanol Alternative Fuels category includes biodiesel, gasoline blending & combustion, and DME. The market is positioned as the largest and fastest growing methanol category, expected to surge at a strong double-digit growth rate of more than15% over the analysis period. The potential that Methanol offers as an alternative fuel in transportation has been well known for several years. Worldwide, fears over energy security and increasing uncertainty over the availability of crude oil in future have given a fresh lease of interest in methanol globally. Presently, several countries are embarking on initiatives to introduce methanol blend in conventional fuels or to promote the use of dedicated Methanol vehicles. Rapid development of chemical, construction and automobile industries, and increased usage of the chemical in various end-use segments including alternative fuels, acetic acid, pharmaceuticals, and fuel cells among others is encouraging the market growth.
There are five main producers of methanol in India. Gujarat Narmada Valley Fertilizers Company Ltd (GNVFC) is one of the leading producers of methanol in India. GNVFC, Deepak Fertilizers, and Assam Petrochemicals use technology from ICI to produce methanol, while Rashtriya Chemicals & Fertilizers Ltd (RCF) and National Fertilizers Ltd use technology from Haldor Topsoe Ltd.
In this scenario, Taiyou Research analyzes the Methanol Industry in India. The report covers the following:
An introduction to what is methanol, the various uses of methanol and the safety issues with methanol.
An analysis of the methanol industry in India through industry statistics, demand and production scenario of methanol in India, and the demand of methanol in India by sectors.
Cost analysis of methanol in India.
Import/export situation of methanol in India including import/export statistics.
An analysis of the major global market players through their business analysis, a look at their products & services, financials and a SWOT analysis.
Summing up this research report on the Methanol Industry in India we provide a glossary of terms and a research methodology. Taiyou Research’s analysis of the Methanol Industry in India is a comprehensive profile of this industry.