Methanol does not have a significant presence in South Korea. The methanol market in South Korea accounts for just about six percent of the overall methanol demand in the Asia-Pacific region and its demand is expected to grow at the rate of over four percent in the coming ten years.
It is expected that over the next few years demand for methanol from South Korea will significantly increase. The shift of methanol manufacturing production to China, along with new capacity additions in the Middle East, will affect capacity additions in South Korea. South Korea’s share of Asia-Pacific methanol production is expected to reduce to 2.5% from 2011 levels by 2021.
There are no companies in the South Korean market exclusively marketing methanol. The textile industry is a leading force in the Korean economic development and a major source of foreign exchange earnings. Acetic acid is one of the major raw materials in the production of terephthalic acid used in polyester manufacturing processes, which contributed to the increase in the consumption of methanol in the region during 2011.
Meanwhile, the automobile and packaging sectors also supported the increase in the consumption of methanol during the period. South Korea is experiencing the issues of “constrained” supplies from some contract suppliers.
In this scenario, Taiyou Research analyzes the Methanol Industry in South Korea. 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 South Korea through industry statistics, demand and production scenario of methanol in South Korea, and the demand of methanol in South Korea by sectors.
Cost analysis of methanol in South Korea.
Import/export situation of methanol in South Korea 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 South Korea we provide a glossary of terms and a research methodology. Taiyou Research’s analysis of the Methanol Industry in South Korea is a comprehensive profile of this industry.