Product Code: ETC082064 | Publication Date: Jul 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Thailand Methanol Market is likely to experience consistent growth rate gains over the period 2025 to 2029. The growth rate starts at 3.72% in 2025 and reaches 16.64% by 2029.
The Methanol market in Thailand is projected to grow at a growing growth rate of 6.40% by 2027, highlighting the country's increasing focus on advanced technologies within the Asia region, where China holds the dominant position, followed closely by India, Japan, Australia and South Korea, shaping overall regional demand.
The methanol market in Thailand has experienced significant growth in recent years, driven by the country`s increasing demand for methanol in various industries. Methanol, a versatile chemical compound used as an industrial feedstock and fuel additive, has found applications in sectors such as petrochemicals, automotive, construction, and electronics. In Thailand, the demand for methanol has been bolstered by the growth of the petrochemical industry, which utilizes methanol as a key raw material for producing formaldehyde, acetic acid, and other chemicals. Additionally, the adoption of methanol as a clean-burning fuel in automotive applications and power generation has further contributed to the market`s expansion.
Several factors have driven the growth of the methanol market in Thailand. Firstly, the country`s growing petrochemical industry`s expansion has led to an increased demand for methanol as a feedstock in chemical production. The versatile nature of methanol as a building block for various chemicals makes it indispensable in the petrochemical sector. Secondly, the promotion of clean energy and the desire to reduce carbon emissions have led to the adoption of methanol as an alternative fuel in the automotive industry. Methanol blends and methanol-based fuels offer potential environmental benefits, making them attractive options for transportation and power generation.
While the methanol market in Thailand shows significant growth potential, it also faces certain challenges. One of the primary hurdles is the competition from alternative feedstocks and fuels, such as natural gas and biofuels. The availability of alternative raw materials for chemical production and cleaner fuel options poses challenges for the widespread adoption of methanol. Moreover, fluctuations in methanol prices, influenced by global market dynamics and raw material costs, can impact the profitability of methanol-based industries in Thailand.
The Covid-19 pandemic had mixed impacts on the methanol market in Thailand. During the early stages of the pandemic, disruptions in supply chains and reduced industrial activities affected the demand for methanol from various sectors. The economic uncertainties during the pandemic also temporarily slowed down investments in new methanol-based projects. However, as the recovery began, the demand for methanol rebounded, particularly in the petrochemical industry as economic activities resumed. Moreover, the focus on clean and sustainable fuels gained traction during the pandemic, driving the interest in methanol-based fuels as potential alternatives.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Thailand Methanol Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Methanol Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Methanol Market - Industry Life Cycle |
3.4 Thailand Methanol Market - Porter's Five Forces |
3.5 Thailand Methanol Market Revenues & Volume Share, By Feedstock, 2021 & 2031F |
3.6 Thailand Methanol Market Revenues & Volume Share, By Derivatives, 2021 & 2031F |
3.7 Thailand Methanol Market Revenues & Volume Share, By Sub-Derivatives, 2021 & 2031F |
3.8 Thailand Methanol Market Revenues & Volume Share, By End-Use Industry, 2021 & 2031F |
4 Thailand Methanol Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Thailand Methanol Market Trends |
6 Thailand Methanol Market, By Types |
6.1 Thailand Methanol Market, By Feedstock |
6.1.1 Overview and Analysis |
6.1.2 Thailand Methanol Market Revenues & Volume, By Feedstock, 2018 - 2031F |
6.1.3 Thailand Methanol Market Revenues & Volume, By Natural Gas, 2018 - 2031F |
6.1.4 Thailand Methanol Market Revenues & Volume, By Coal, 2018 - 2031F |
6.1.5 Thailand Methanol Market Revenues & Volume, By Others, 2018 - 2031F |
6.2 Thailand Methanol Market, By Derivatives |
6.2.1 Overview and Analysis |
6.2.2 Thailand Methanol Market Revenues & Volume, By Gasoline, 2018 - 2031F |
6.2.3 Thailand Methanol Market Revenues & Volume, By MTO/MTP, 2018 - 2031F |
6.2.4 Thailand Methanol Market Revenues & Volume, By Formaldehyde, 2018 - 2031F |
6.2.5 Thailand Methanol Market Revenues & Volume, By Methyl Tertiary Butyl Ether (MTBE), 2018 - 2031F |
6.2.6 Thailand Methanol Market Revenues & Volume, By Acetic Acid, 2018 - 2031F |
6.2.7 Thailand Methanol Market Revenues & Volume, By Dimethyl Ether (DME), 2018 - 2031F |
6.2.8 Thailand Methanol Market Revenues & Volume, By Others, 2018 - 2031F |
6.2.9 Thailand Methanol Market Revenues & Volume, By Others, 2018 - 2031F |
6.3 Thailand Methanol Market, By Sub-Derivatives |
6.3.1 Overview and Analysis |
6.3.2 Thailand Methanol Market Revenues & Volume, By Gasoline additives, 2018 - 2031F |
6.3.3 Thailand Methanol Market Revenues & Volume, By Olefins, 2018 - 2031F |
6.3.4 Thailand Methanol Market Revenues & Volume, By UF/PF resins, 2018 - 2031F |
6.3.5 Thailand Methanol Market Revenues & Volume, By VAM, 2018 - 2031F |
6.3.6 Thailand Methanol Market Revenues & Volume, By Polyacetals, 2018 - 2031F |
6.3.7 Thailand Methanol Market Revenues & Volume, By MDI, 2018 - 2031F |
6.3.8 Thailand Methanol Market Revenues & Volume, By Others, 2018 - 2031F |
6.3.9 Thailand Methanol Market Revenues & Volume, By Others, 2018 - 2031F |
6.4 Thailand Methanol Market, By End-Use Industry |
6.4.1 Overview and Analysis |
6.4.2 Thailand Methanol Market Revenues & Volume, By Construction, 2018 - 2031F |
6.4.3 Thailand Methanol Market Revenues & Volume, By Automotive, 2018 - 2031F |
6.4.4 Thailand Methanol Market Revenues & Volume, By Electronics, 2018 - 2031F |
6.4.5 Thailand Methanol Market Revenues & Volume, By Appliances, 2018 - 2031F |
6.4.6 Thailand Methanol Market Revenues & Volume, By Paints & Coatings, 2018 - 2031F |
6.4.7 Thailand Methanol Market Revenues & Volume, By Insulation, 2018 - 2031F |
6.4.8 Thailand Methanol Market Revenues & Volume, By Others, 2018 - 2031F |
6.4.9 Thailand Methanol Market Revenues & Volume, By Others, 2018 - 2031F |
7 Thailand Methanol Market Import-Export Trade Statistics |
7.1 Thailand Methanol Market Export to Major Countries |
7.2 Thailand Methanol Market Imports from Major Countries |
8 Thailand Methanol Market Key Performance Indicators |
9 Thailand Methanol Market - Opportunity Assessment |
9.1 Thailand Methanol Market Opportunity Assessment, By Feedstock, 2021 & 2031F |
9.2 Thailand Methanol Market Opportunity Assessment, By Derivatives, 2021 & 2031F |
9.3 Thailand Methanol Market Opportunity Assessment, By Sub-Derivatives, 2021 & 2031F |
9.4 Thailand Methanol Market Opportunity Assessment, By End-Use Industry, 2021 & 2031F |
10 Thailand Methanol Market - Competitive Landscape |
10.1 Thailand Methanol Market Revenue Share, By Companies, 2024 |
10.2 Thailand Methanol Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |