India Methanol Market Outlook | COVID-19 IMPACT, Companies, Share, Value, Trends, Revenue, Industry, Growth, Forecast, Analysis & Size

India Methanol Market Synopsis

Methanol is an important industrial chemical with a wide range of applications. It has multiple uses in the production of energy, solvents, plastics and other chemicals. Methanol demand in India is mainly driven by its usage to produce acetic acid, formaldehyde and Methyl tert-butyl ether (MTBE). The methanol market in India was valued at USD 816 million in 2020 and is expected to reach USD 1039 million by 2026 growing at a CAGR of around 4.3% With increased use of bioethanol as a substitute for gasoline fuel blend due to government support through tax incentives coupled with increasing awareness about environment protection among consumers; the market for methanol is anticipated to surge significantly over the comingyears.

Market Drivers

1) Growing Applications: Methanol has been gaining popularity for numerous industrial uses such as manufacturing of fuels/solvents/chemical intermediates/pharmaceuticals among others. This has driven up its demand in India significantly over the past few years. 2) Government Initiatives: Government initiatives like focus on renewable energy sources have increased the use of methanol in fuel applications across India thereby driving up the overall market growth rate further. 3) Technological Advancements: The introduction of new technologies such as steam reforming process for methanol production has led to reduced cost which makes it more attractive for consumers thus leading to higher adoption rates over other traditional methods.

Challenges of the Market

1) Availability Issues: There are limited number of suppliers offering methanol across India which leads to shortages and price fluctuations hindering overall industry growth rate significantly. 2) High Production Costs : Due to limited availability coupled with high cost associated with production process ,the overall profitability margins remain low making it difficult for players operating in this sector. 3) Environmental Regulations : Stringent environmental regulations imposed by government authorities regarding usage and disposal create additional burden on manufacturers thus decreasing their competitiveness.

Key Players in the Market

Major players operating in India methonol market includes Reliance Industries Limited(RIL), Gujarat Narmada Valley Fertilizers & Chemicals Ltd.(GNFC), India Oil Corporation Limited(IOCL), Hindustan Petroleum Corporation Limited (HPCL), Maharashtra Seamless Ltd., Chevron Phillips Chemical Company LLC among others

Key Highlights of the Report:

• India Methanol Market Outlook
• Market Size of India Methanol Market, 2020
• Forecast of India Methanol Market, 2027
• Historical Data and Forecast of India Methanol Revenues & Volume for the Period 2018 - 2027
• India Methanol Market Trend Evolution
• India Methanol Market Drivers and Challenges
• India Methanol Price Trends
• India Methanol Porter's Five Forces
• India Methanol Industry Life Cycle
• Historical Data and Forecast of India Methanol Market Revenues & Volume By Feedstock for the Period 2018 - 2027
• Historical Data and Forecast of India Methanol Market Revenues & Volume By Natural Gas for the Period 2018 - 2027
• Historical Data and Forecast of India Methanol Market Revenues & Volume By Coal for the Period 2018 - 2027
• Historical Data and Forecast of India Methanol Market Revenues & Volume By Others for the Period 2018 - 2027
• Historical Data and Forecast of India Methanol Market Revenues & Volume By Derivatives for the Period 2018 - 2027
• Historical Data and Forecast of India Methanol Market Revenues & Volume By Gasoline for the Period 2018 - 2027
• Historical Data and Forecast of India Methanol Market Revenues & Volume By MTO/MTP for the Period 2018 - 2027
• Historical Data and Forecast of India Methanol Market Revenues & Volume By Formaldehyde for the Period 2018 - 2027
• Historical Data and Forecast of India Methanol Market Revenues & Volume By Methyl Tertiary Butyl Ether (MTBE) for the Period 2018 - 2027
• Historical Data and Forecast of India Methanol Market Revenues & Volume By Acetic Acid for the Period 2018 - 2027
• Historical Data and Forecast of India Methanol Market Revenues & Volume By Dimethyl Ether (DME) for the Period 2018 - 2027
• Historical Data and Forecast of India Methanol Market Revenues & Volume By Methyl Methacrylate (MMA) for the Period 2018 - 2027
• Historical Data and Forecast of India Methanol Market Revenues & Volume By Others for the Period 2018 - 2027
• Historical Data and Forecast of India Methanol Market Revenues & Volume By Sub-Derivatives for the Period 2018 - 2027
• Historical Data and Forecast of India Methanol Market Revenues & Volume By Gasoline additives for the Period 2018 - 2027
• Historical Data and Forecast of India Methanol Market Revenues & Volume By Olefins for the Period 2018 - 2027
• Historical Data and Forecast of India Methanol Market Revenues & Volume By UF/PF resins for the Period 2018 - 2027
• Historical Data and Forecast of India Methanol Market Revenues & Volume By VAM for the Period 2018 - 2027
• Historical Data and Forecast of India Methanol Market Revenues & Volume By Polyacetals for the Period 2018 - 2027
• Historical Data and Forecast of India Methanol Market Revenues & Volume By MDI for the Period 2018 - 2027
• Historical Data and Forecast of India Methanol Market Revenues & Volume By PTA for the Period 2018 - 2027
• Historical Data and Forecast of India Methanol Market Revenues & Volume By Others for the Period 2018 - 2027
• Historical Data and Forecast of India Methanol Market Revenues & Volume By End-Use Industry for the Period 2018 - 2027
• Historical Data and Forecast of India Methanol Market Revenues & Volume By Construction for the Period 2018 - 2027
• Historical Data and Forecast of India Methanol Market Revenues & Volume By Automotive for the Period 2018 - 2027
• Historical Data and Forecast of India Methanol Market Revenues & Volume By Electronics for the Period 2018 - 2027
• Historical Data and Forecast of India Methanol Market Revenues & Volume By Appliances for the Period 2018 - 2027
• Historical Data and Forecast of India Methanol Market Revenues & Volume By Paints & Coatings for the Period 2018 - 2027
• Historical Data and Forecast of India Methanol Market Revenues & Volume By Insulation for the Period 2018 - 2027
• Historical Data and Forecast of India Methanol Market Revenues & Volume By Pharmaceuticals for the Period 2018 - 2027
• Historical Data and Forecast of India Methanol Market Revenues & Volume By Others for the Period 2018 - 2027
• India Methanol Import Export Trade Statistics
• Market Opportunity Assessment By Feedstock
• Market Opportunity Assessment By Derivatives
• Market Opportunity Assessment By Sub-Derivatives
• Market Opportunity Assessment By End-Use Industry
• India Methanol Top Companies Market Share
• India Methanol Competitive Benchmarking By Technical and Operational Parameters
• India Methanol Company Profiles
• India Methanol Key Strategic Recommendations

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