PUBLISHER: ChemAnalyst | PRODUCT CODE: 966021
PUBLISHER: ChemAnalyst | PRODUCT CODE: 966021
South America Methanol demand stood at 4.32 Million Tonnes in 2020 and is forecast to reach 7.15 Million Tonnes by 2030, growing at a healthy CAGR of 4.08% until 2030. The rising demand for bio-based chemical commodities across various end-user industries like automotive, construction, paints and coatings, etc., are set to drive South America Methanol during the forecast period. Besides, the demand for Methanol in South America is likely to grow significantly in the forecast period on account of strong government support for adopting Methanol as a new generation renewable resource due to its eco-friendly attribute and low production cost.
The COVID-19 disrupted the world economy with repeated lockdown restrictions, a temporary halt on production activities, and limited mobility of personnel, which affected the South America Methanol market negatively. However, as the construction and industrialization activities resumed, the demand for Methanol grew back to the usual volume. In the coming years, the rising inclination of industries towards using cleaner fuels for a safer environment is likely to contribute to the growth of the South America Methanol market.
Under this subscription, you would be able to access South America Methanol market demand and supply analysis on a cloud-based platform for one year. The data is updated on a near real-time basis to add any new movement in the industry including, but not limited to new plant announcements, plant shutdowns, temporary disruptions in demand or supply, news and deals, and much more specific to Methanol.
Years Considered for Analysis:
Historical Years: 2015 - 2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022 - 2030
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Deliverables
To extract data for the South America Methanol market, the ChemAnalyst team conducts primary research surveys with Methanol manufacturers, suppliers, distributors, wholesalers, and customers, followed by exhaustive secondary research to cross-validate the information being collected through primary research surveys.