Regional Analysis

Asia Pacific is the leading market for methanol across the globe. China dominates the methanol market in Asia Pacific. China has been utilizing coal as the primary source of feedstock for methanol production owing to its low cost and easy availability. Share of coal feedstock is expected to increase owing to increase in share of China in global methanol market.

Regions such Middle East and Africa and Latin America have also boosted the production of methanol owing to easy availability and low cost of natural gas in these regions. Production of methanol in North America has also increased owing to shale gas boom in the region.

Additionally, growing demand for biofuels and strict emissions norms are expected to further drive the demand for methanol across the globe during the forecast period. Asia Pacific is expected to be the leading market for methanol during the forecast period owing to high demand from countries such as China, India, Japan, and others.