PUBLISHER: ChemAnalyst | PRODUCT CODE: 966013
PUBLISHER: ChemAnalyst | PRODUCT CODE: 966013
The Thailand Methanol market demand stood at 450.91 Thousand Tonnes in 2020 and is forecast to reach 695.22 Thousand Tonnes by 2030, growing at a healthy CAGR of 4.60% until 2030. Demand for Methanol in Thailand is expected to grow at an appreciable pace, driven by its excessive consumption in the chemical and petrochemical industry to manufacture Formaldehyde and Acetic Acid. Furthermore, the increasing requirement for Methanol in niche pharmaceutical applications along with the rapid expansion of the global pharmaceutical industry is likely to serve well in surging its demand in the forecast period. The outbreak of COVID-19 in 2020 disrupted the economy. The market growth was affected drastically, and production units shut down. Furthermore, the major market players intentionally halted the production keeping their employees' health and wellness in mind. With imposed new regulations of the COVID-19 and proper precautions, the market is anticipated to regain its growth in the years to come. Once the market regains the full function of its production unit, the market is bound to show robust growth in the forecast period.
Under this subscription, you would be able to access the Thailand 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 - 2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021 - 2030
This report will be delivered on an online digital platform with a one-year subscription and quarterly update.
Deliverables
To extract data for the Thailand 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.
Figure 3 Thailand Methanol Capacity By Technology, 2015-2030f (000' Tonnes)
Figure 4 Thailand Methanol Capacity By Process, 2015-2030f (000' Tonnes)