Global demand for methanol will increase to 122 million tons by 2025. In 2017, consumption was 76 million tons, in 2010 – 49 million tons. Dmitry Akishin, the head of Gas and Chemistry at Vygon Consulting, reported at the CIS Gas Monetization conference.
According to Vygon Consulting forecast, in 2125, about 21% of methanol will be spent on the production of formaldehyde, 24% – on the production of olefins, 18% – on the production of fuel. About 11% of methanol will go for the production of fuel additives (MTBE, TAME), 9% for the production of acetic acid, 9% for the production of dimethyl ether, 3% for MMA. The rest will be sent to the production of solvents.
Thus, a decrease in the share of methanol, which goes to the production of formaldehyde, is predicted, in 2010 it was 34%, in 2017 – only 14%. The share of MTO will significantly increase, in 2017 it reached 14%.
According to the expert, China will remain the largest consumer and producer of methanol. In 2017, methanol production in China reached 34 million tons, consumption – 41 million tons.
The largest exporter of methanol is the Middle East region. In 2017, with the production of 16 million tons of methanol, 13 million tons were exported.
June 26, 2019