Primary Petrochemicals in the Gulf Cooperation Council (GCC): Methanol Market Tracker
The GCC region, excluding the United Arab Emirates (UAE), has the capacity to produce methanol. The region has a total of million metric tonnes/annum (MMTA) installed methanol production capacity, out of which MMTA capacity is retained by the Kingdom of Saudi Arabia (KSA), the largest producer of methanol in the region.
The KSA has the world's 4th largest natural gas reserves, which allows for the relatively low-cost feedstock for producing methanol.
No new capacity additions or expansions for methanol production in the region are planned until 2017, although expansion plans exist in the methanol derivatives industry, which will impact methanol exports.
The GCC is a net exporter of methanol, and the APAC* region is the key trade partner.
Formaldehyde is the single largest derivative of methanol in the region. The chemical is a precursor to more complex compounds such as -butanediol, MMA*, and DMF*.
As the GCC plastics industry experiences fast growth driven by the surge in plastics production, such as PET* and PMMA*, regional demand for methanol increases.
About this report
The study provides market information for the GCC, one of the largest petrochemical regions in the world, and establishes a strategic perspective of the global market. Research includes a discussion of key manufacturers and their production capacities for methanol in the GCC, providing a brief market overview and projected capacity expansions. Trade statistics for 2012 and a detailed analysis of price trends from 2008 to 2012 are also provided. The study offers a brief commentary on the major global applications, key insights, and future growth prospects for methanol.
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