IHS Chemical Week

Global methanol demand to rise 80% by 2023, China to drive demand

12:43 PM MDT | August 29, 2014

Global methanol demand is expected to increase from 60.7 million m.t. in 2013 to more than 109 million m.t. in 2023, with an average annual growth rate of 6%, according to research from IHS. China is expected to be the major driver of this increase, while the North American methanol market—riding the wave of low-cost US shale-derived feedstocks—is undergoing a renaissance as new projects add significant capacity, IHS says. “The methanol market is in a period of rapid transition, especially the North American market, which is accelerating quickly thanks in...

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