Methanol demand in Taiwan is quite small and accounts for less than four percent of the overall methanol share in the Asia-Pacific region. Its demand is expected to increase though in the coming years. Like other countries in the Asia-Pacific region, demand growth in Taiwan will be affected by the shift of manufacturing production to China to take advantage of the country’s lower operating costs. Key methanol buyers in Taiwan are scrambling to purchase additional spot cargoes ahead of Iran, sparking a flurry of activity in a market typically satisfied with contract volumes.
Due to the geographical distance between the major manufacturing centers and the principal users, as much as 80% of the world’s annual methanol production is transported between continents by trans-ocean shipping. Methanol is received and stored in marine terminals and trans-shipped via truck, rail, and barge to chemical production facilities and bulk distributors, where it is stored in tank farms and repackaged into smaller containers.
Tanker trucks and trailers complete the distribution network, delivering methanol to the wide range of final users in the methanol value chain. More recently developed industrial uses of methanol include its application as a de-nitrification agent in wastewater treatment plants and as a reagent and solvent in biodiesel production facilities. New applications of methanol are emerging with technological innovations, such as fuel cells for vehicles and consumer electronic products.
There are no distinctive players in the methanol market of Taiwan as of now. Methanol is amenable to recycling by removing impurities through distillation and introducing the recovered material back into the process. Waste methanol has high-caloric value and can be used to recover energy through thermal destructive processes that generate heat to fuel other reactions. Technology for production of methanol will likely continue to evolve throughout this century as feed-stocks change, low-pressure and low-temperature catalysts improve, applications for methanol change, and market demand increases.
Continued technological improvements are expected in catalyst efficiency and catalyst tolerance of feed stream impurities. Improved catalysts may increase the variety of feed materials that can be used to manufacture methanol, and lower manufacturing process energy requirements. Demand for fuel oxygenates such as Methyl Tertiary Butyl Ether (MTBE) and TAME remains flat, as does demand for formaldehyde and acetic acid. Increases in demand appear to becoming from increased use of methanol as a gasoline replacement, for biodiesel, and for Dimethyl Ether (DME), a liquid fuel similar to Liquefied Petroleum Gas (LPG).
In this scenario, Taiyou Research analyzes the Methanol Industry in Taiwan. 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 Taiwan through industry statistics, demand and production scenario of methanol in Taiwan, and the demand of methanol in Taiwan by sectors.
Cost analysis of methanol in Taiwan.
Import/export situation of methanol in Taiwan 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 Taiwan we provide a glossary of terms and a research methodology. Taiyou Research’s analysis of the Methanol Industry in Taiwan is a comprehensive profile of this industry.