Methanol is a biodegradable liquid chemical, commonly produced from natural gas. It is a chemical intermediary whose major end-use segments are formaldehyde, Dimethyl Ether (DME) and acetic acid. Its fuel qualities make it an excellent blending component with gasoline, to make more environmental friendly fuel. Methanol is also used to make intermediate petrochemicals that are used in the fertilizer, textile and furniture industries. It is also used for producing olefins through MTO/MTP.
Republic of Korea demand by value for Methanol increased from $362.2million in 2005 to $603.1 million in 2014, at a CAGR of 5.8%. According to GlobalData forecasts, the demand value for Methanol is expected to grow from $603.1 million in 2014 to $553.1 million in 2019, at a negative CAGR of 1.7%.
GlobalData’s report, “Methanol Industry Outlook in Korea to 2019 – Market Size, Price Trends and Trade Balance”, provides up to date in-depth information on Korea’s Methanol industry. The report presents major market trends. The report offers historical and forecast market size, demand and production forecasts, end-use demand details, price trends, trade balance data.
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