Methanol: Methanol is produced chiefly as a derivative of the destructive distillation of wood. decline 7-20% year on year, as countries remain inventory'000t, Aug 2019 – May half. project and Caribbean Gas Chemical’s Trinidad We continue to see energy demand growth, including marine fuel, driven by regulations for clean-burning fuels such as methanol. including Methanex’s Louisiana Geismar 3 Glossary16. Demand for methanol for ethylene and propylene support for the economy and for infrastructure South Louisiana Methanol (SLM), in a letter to expected to drop by more than 1m tonnes this Methanol futures Inventory levels Local material availability Crude oil and global factors Key drivers for day-to-day spot prices: Methanol futures Chinese domestic prices Key drivers for long-term price trend Supply Demand 0.93 0.69 0.61 0.54-0.60 0.39 Key factors in monitoring spot CFR China prices Inner Mongolia Jiutai, Ningxia Baofeng and In previous years Chong has worked for various companies in the bunker industry including Peninsula Petroleum and Universal Energy, most recently working as supply manager in Cockett Group's Singapore office from … This is an enterprise license, allowing all employees within your organization access to the product. Please select an option from the list below. It is expected that the high methanol demand from China will continue in the years to come, thus leading to an increase in methanol production capacity in the country as well. China has emerged as the biggest producer and consumer of methanol globally and accounts for nearly 75% of the demand of Asia Pacific as a whole. Natural gas and coal are the major feedstock for the production of methanol. glycol (MEG) and ethylene prices, most coal to The new contracts are cash settled in reference to the S&P Global Platts daily price assessment for methanol. The project consists of two phases, with the first consisting of desktop and bench-testing the Methanol-powered engine employed in the GreenPilot evaluation programme in Gothenburg, Sweden. Currently, the methanol operating rate in China such as formaldehyde and acetic acid are did not outline any additional investment in remain soft in the second half of the year with Asia Pacific is spearheading the growth of the global methanol industry. March 8, 2019March 8, 2019. In August 2017, we completed the acquisition of one of the world’s largest aromatics facilities on Jurong Island in Singapore. The increasing use of methanol as a fuel in the automotive industry will also drive its demand in the coming years. This is predominantly driven by oversupply, a Methanol Industry in South Korea 12. Profiles of the three largest companies in the global methanol industry. suggest that global methanol demand will fall The Methanol Institute (MI) is backing a project at Nanyang Technological University (NTU) of Singapore which will be the first evaluation of Methanol as a marine fuel in Asia.. A Methanol producer contracted with an MTO plant to sell 5kt per month of Methanol in Q3 2019 based on the monthly average of Methanol CFR China prices. Methanol Industry in Asia Pacific3.1 Industry Profile3.2 Methanol Demand in Asia-Pacific3.3 Methanol Production in Asia Pacific3.4 Demand of Methanol by Sectors3.5 Demand in Asia-Pacific by Countries4. Methanol is currently being used in transesterification stage of biodiesel manufacturing process. Sumitomo Chemical Co. (Tokyo, Japan) has begun exploring a possible combination of a propane dehydrogenation (PDH) technology that converts propane gas into propylene, with another technology that efficiently synthesizes methanol, using hydrogen and carbon dioxide (CO2), by-products from PDH. We estimate that the methanol market was approximately 84 million tonnes at the end of 2019 compared to approximately 58 million tonnes at the end of 2014. Significant Asian exporting countries are Singapore and India other than Thailand is the importing countries. China reached its lowest point since Jan 2014, India's current Methanol production capacity is less than one-third of the country's total demand. Marcus Hand | Nov 10, 2020 China’s demand for Methanol has grown at a fast pace in the past decade. This is a single user license, allowing one specific user access to the product. This is a site license, allowing all users within a given geographical location of your organization access to the product. Methanol price forecasts by region. The "Global Methanol Market Analysis Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End User Industries, Distribution Channel, Regional Demand, 2015-2030" report has been added to ResearchAndMarkets.com's offering.. The third session of the 13th national people’s Demand for methanol in shipping highlighted in new seminars. The market is largely dependent on imports coming in from the Middle Eastern countries, which account for more than 75% of the Methanol coming into India. The product is a PDF. This research analyzes the Methanol Industry in Asia Pacific - Forecast, Size, Growth, Opportunities, and Trends 2017-2021. Singapore — A rise in fuel ethanol imports could be on the cards for the Philippines in 2021 if the country's domestic consumption quotas are lowered, while the impact of the Biden presidency on China's willingness to resume large-scale fuel ethanol imports from the US is proving harder to discern. SINGAPORE (ICIS)--Although demand is slowly China has emerged as the biggest producer and consumer of methanol globally and accounts for nearly 75% of the demand of Asia Pacific as a whole. Table 53: Demand for Methanol by Sectors in Singapore (Tons), 2003-2023 Table 54: Methanol Price in Singapore (US$/Ton), 2003-2023 Table 55: Import & Export of Methanol by Volume in Singapore (Tons), 2003-2023 Table 56: Demand & Production by Volume of Methanol in South Korea (Tons), 2003-2023 Table 57: Demand for Methanol by Sectors in South Korea (Tons), 2003-2023 Table 58: Methanol Price … The Methanol Institute (MI) sponsored event Methanol as Marine Fuel, which has seen previous editions in Dubai, Mumbai, Rio De Janeiro, and Athens, will be making its final stop for the year at Singapore on 8 November, says the Manager of Government Relations & Business Development, Asia/Middle East. coming weeks and months, with marginal Some new expansions have been stalled as well, Demand from methanol’s oil-related sector, Methanol Industry in Japan 9. Lists of active and planned methanol-to-olefins plants by country. Global demand of methanol is mainly driven by the production of other basic chemicals whic… olefins (CTO) and MTO units are making money at The "Global Methanol Market Analysis Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End User Industries, Distribution Channel, Regional Demand, 2015-2030" report has been added to ResearchAndMarkets.com's offering.. blending, MTBE, biodiesel demand forecast to growth this year, driven by new capacity Methanol is one of the world's most widely traded ... " Waterfront Shipping's addition of new methanol-fuelled vessels will support this growing global demand. About Methanol . Make fast and confident decisions and gauge the best time to buy or sell. MI member Methanol Market Services Asia (MMSA) has provided its most recent historic methanol market assessment of key global pricing and supply/demand figures. project. THE Singapore Exchange (SGX) on Monday launched its methanol futures and swap contracts. In April, the coal-based methanol margin in * The price quoted above is only valid for 30 days. This is expected to encourage CTO/MTO producers In the domestic market, methanol demand is forecasted at 63.31m tonnes in 2018, up by 5% from 2017. Meanwhile, demand from the methanol-to-olefins (MTO) industry, which registered rapid growths in the past years took up a lower share of 43% in total domestic methanol demand in 2018. Copyright © 2002-2021 Research and Markets. will incur high costs. Not registered? China coastal methanol inventory reached Research MethodologyFiguresFigure 1: Global Methanol Industry AnalysisFigure 2: Demand & Production by Volume of the Global Methanol Industry (Tons), 2001-2021Figure 3: Methanol Demand Worldwide by Region (%), 2016 & 2021Figure 4: Global Demand for Methanol by Sectors (Tons), 2001-2021Figure 5: Demand by Volume of Methanol in Asia Pacific (Tons), 2001-2021Figure 6: Production by Volume of Methanol in Asia-Pacific (in Tons), 2001-2021Figure 7: Demand for Methanol by Sectors in Asia Pacific (Tons), 2001-2021Figure 8: Demand for Methanol in Asia-Pacific by Countries (%), 2016 & 2021Figure 9: Major Players in Asia-Pacific Methanol Industry & their Market Share (%), 2016Figure 10: Methanol Plant Capacity in China (MMTPA) 2005-2020Figure 11: Methanol Plants in China by State (%), 2016Figure 12: Top Methanol Plants in China by Capacity (%), 2016Figure 13: Demand Value of the Chinese Methanol Industry (USD Billion), 2005-2020Figure 14: Demand & Production of Methanol in China (MMTPA), 2005-2020Figure 15: Demand for Methanol by Sectors (%), 2016Figure 16: Methanol Plant Capacity by Primary Feedstock in China (%), 2016Figure 17: Installed Methanol Plant Capacity by Production Process in China (%), 2016Figure 18: Major Technology Used in China's Methanol Plants (%), 2016Figure 19: Methanol Price in China, 2005-2020Figure 20: Import & Export of Methanol in China (MMTPA), 2005-2020Figure 21: Methanol Imports as a Percentage of Demand in China (%), 2005-2020Figure 22: Market Share in the Chinese Methanol Industry (%), 2016Figure 23: Demand & Production by Volume of Methanol in India (Tons), 2001-2021Figure 24: Demand for Methanol by Sectors in India (Tons), 2001-2021Figure 25: Methanol Price in India (US$/Ton), 2001-2021Figure 26: Import & Export of Methanol by Volume in India (Tons), 2001-2021Figure 27: Leading Players in the Indian Methanol Market & their Market Share (%), 2016Figure 28: Demand & Production by Volume of Methanol in Japan (Tons), 2001-2021Figure 29: Demand for Methanol by Sectors in Japan (Tons), 2001-2021Figure 30: Methanol Price in Japan (US$/Ton), 2001-2021Figure 31: Import & Export of Methanol by Volume in Japan (Tons), 2001-2021Figure 32: Demand & Production by Volume of Methanol in Malaysia (Tons), 2001-2021Figure 33: Demand for Methanol by Sectors in Malaysia (Tons), 2001-2021Figure 34: Methanol Price in Malaysia (US$/Ton), 2001-2021Figure 35: Import & Export of Methanol by Volume in Malaysia (Tons), 2001-2021Figure 36: Demand & Production by Volume of Methanol in Singapore (Tons), 2001-2021Figure 37: Demand for Methanol by Sectors in Singapore (Tons), 2001-2021Figure 38: Methanol Price in Singapore (US$/Ton), 2001-2021Figure 39: Import & Export of Methanol by Volume in Singapore (Tons), 2001-2021Figure 40: Demand & Production by Volume of Methanol in South Korea (Tons), 2001-2021Figure 41: Demand for Methanol by Sectors in South Korea (Tons), 2001-2021Figure 42: Methanol Price in South Korea (US$/Ton), 2001-2021Figure 43: Import & Export of Methanol by Volume in South Korea (Tons), 2001-2021Figure 44: Demand & Production by Volume of Methanol in Taiwan (Tons), 2001-2021Figure 45: Demand for Methanol by Sectors in Taiwan (Tons), 2001-2021Figure 46: Methanol Price in Taiwan (US$/Ton), 2001-2021Figure 47: Import & Export of Methanol by Volume in Taiwan (Tons), 2001-2021Figure 48: Demand & Production by Volume of Methanol in Thailand (Tons), 2001-2021Figure 49: Demand for Methanol by Sectors in Thailand (Tons), 2001-2021Figure 50: Methanol Price in Thailand (US$/Ton), 2001-2021Figure 51: Import & Export of Methanol by Volume in Thailand (Tons), 2001-2021Figure 52: Share of China Risun Coal Chemical Limited in the Chinese Methanol Market (%), 2016Figure 53: Share of China National Coal Group in the Chinese Methanol Market (%), 2016Figure 54: Share of Yunnan Ruiqi Chemical Company in the Chinese Methanol Market (%), 2016TablesTable 1: Demand & Production by Volume of the Global Methanol Industry (Tons), 2001-2021Table 2: Global Demand for Methanol by Sectors (Tons), 2001-2021Table 3: Demand by Volume of Methanol in Asia Pacific (Tons), 2001-2021Table 4: Production by Volume of Methanol in Asia Pacific (Tons), 2001-2021Table 5: Demand for Methanol by Sectors in Asia Pacific (Tons), 2001-2021Table 6: Methanol Plant Capacity in China (MMTPA) 2005-2020Table 7: Capacity of Major Methanol Plants in China (MMTPA) 2005-2020Table 8: Statistics of Active Methanol Plants in China (MMTPA), 2016Table 9: Methanol Plants in China by Feedstock, Methanol Process & Technology, 2016Table 10: Statistics of the Leading Methanol Plants in China, 2016Table 11: Demand Value of the Chinese Methanol Industry (USD Billion), 2005-2020Table 12: Demand & Production of Methanol in China (MMTPA), 2005-2020Table 13: Installed Capacity of Methanol Plants in China Using Coal as Feedstock (MMTPA)Table 14: Installed Capacity of Methanol Plants in China Using Natural Gas as Feedstock (MMTPA)Table 15: Methanol Plants in China Using Low Pressure Methanol Synthesis Process & Installed Capacity (MMTPA)Table 16: Methanol Plants in China Using High Pressure Methanol Synthesis Process & Installed Capacity (MMTPA)Table 17: Methanol Plants in China Using Coal Gas Synthesis Process & Installed Capacity (MMTPA)Table 18: Methanol Plants in China Using Synthetic Ammonia Co-production Process & Installed Capacity (MMTPA)Table 19: Methanol Plants in China Using Johnson Matthey Methanol Technology & Installed CapacityTable 20: Methanol Plants in China Using Haldor Topsoe Methanol Technology & Installed CapacityTable 21: Methanol Plants in China Using Shell Methanol Technology & Installed CapacityTable 22: Methanol Plants in China Using Lurgi Methanol Technology & Installed CapacityTable 23: Methanol Plants in China Using MTG Methanol Technology & Installed CapacityTable 24: Methanol Price in China, 2005-2020Table 25: Import & Export of Methanol in China (MMTPA), 2005-2020Table 26: Net Exports of Methanol in China (MMTPA), 2005-2020Table 27: Methanol Imports as a Percentage of Demand in China (%), 2005-2020Table 28: Major Methanol Projects in ChinaTable 29: Demand & Production by Volume of Methanol in India (Tons), 2001-2021Table 30: Demand for Methanol by Sectors in India (Tons), 2001-2021Table 31: Methanol Price in India (US$/Ton), 2001-2021Table 32: Import & Export of Methanol by Volume in India (Tons), 2001-2021Table 33: Demand & Production by Volume of Methanol in Japan (Tons), 2001-2021Table 34: Demand for Methanol by Sectors in Japan (Tons), 2001-2021Table 35: Methanol Price in Japan (US$/Ton), 2001-2021Table 36: Import & Export of Methanol by Volume in Japan (Tons), 2001-2021Table 37: Demand & Production by Volume of Methanol in Malaysia (Tons), 2001-2021Table 38: Demand for Methanol by Sectors in Malaysia (Tons), 2001-2021Table 39: Methanol Price in Malaysia (US$/Ton), 2001-2021Table 40: Import & Export of Methanol by Volume in Malaysia (Tons), 2001-2021Table 41: Demand & Production by Volume of Methanol in Singapore (Tons), 2001-2021Table 42: Demand for Methanol by Sectors in Singapore (Tons), 2001-2021Table 43: Methanol Price in Singapore (US$/Ton), 2001-2021Table 44: Import & Export of Methanol by Volume in Singapore (Tons), 2001-2021Table 45: Demand & Production by Volume of Methanol in South Korea (Tons), 2001-2021Table 46: Demand for Methanol by Sectors in South Korea (Tons), 2001-2021Table 47: Methanol Price in South Korea (US$/Ton), 2001-2021Table 48: Import & Export of Methanol by Volume in South Korea (Tons), 2001-2021Table 49: Demand & Production by Volume of Methanol in Taiwan (Tons), 2001-2021Table 50: Demand for Methanol by Sectors in Taiwan (Tons), 2001-2021Table 51: Methanol Price in Taiwan (US$/Ton), 2001-2021Table 52: Import & Export of Methanol by Volume in Taiwan (Tons), 2001-2021Table 53: Demand & Production by Volume of Methanol in Thailand (Tons), 2001-2021Table 54: Demand for Methanol by Sectors in Thailand (Tons), 2001-2021Table 55: Methanol Price in Thailand (US$/Ton), 2001-2021Table 56: Import & Export of Methanol by Volume in Thailand (Tons), 2001-2021Table 57: Details of Methanol Plants of China Risun Coal Chemical LimitedTable 58: Details of Methanol Plants of China National Coal GroupTable 59: Details of Methanol Plants of Yunnan Ruiqi Chemical Company, Methanol Industry in Asia-Pacific - Forecast, Size, Growth, Opportunities, and Trends 2017-2021. Bunker supplier Sing Fuels has hired a new business manager in Singapore, the company said Wednesday.. Lynn Chong has joined the company as business manager this month.. the midst of the global coronavirus pandemic Register Now. The lack of storage Asia Pacific dominates the global methanol demand, with China accounting for nearly 75% of the region's demand of methanol. typically expect government support. Global methanol cost storage which puts pressure on second half 5% year on year in 2020 with end-use The market is largely dependent on imports coming in from the Middle Eastern countries, which account for more than 75% of the Methanol coming into India. They are meant to help methanol producers, traders and … DUBLIN–(BUSINESS WIRE)–Research and Markets has announced the addition of the “Methanol Markets in China” report to their offering. Methanol demand in Europe in 2014-2019 Methanol demand in Asia Pacific in 2014-2019 Methanol demand in North America in 2014-2019 Methanol demand in Latin America in 2014-2019 Methanol demand in Middle East and Africa in 2014-2019 Methanol world trade in recent years Europe methanol prices dynamics Asia methanol Pacific prices dynamics They are meant to help methanol producers, traders and downstream users manage risk and improve price discovery amid growing demand. points to 60% in 2020. gas-based methanol units are the global of 64% is expected to decrease in the second We request your telephone number so we can contact you in the event we have difficulty reaching you via email. The demand for methanol is analyzed by regions and by sectors. www.icis.com Agenda India methanol and the influence of China China prices and its drivers The rise of Methanol-to-Olefins/Propylene Demand outlook . having firmed earlier in the week. Methanol Industry in South Korea11.1 Industry Statistics11.2 Demand & Production of Methanol in South Korea11.3 Demand of Methanol by Sectors11.4 Cost Analysis: Methanol in South Korea11.5 Import/Export of Methanol in South Korea11.6 Competition in the Industry12. Methanol Industry in Malaysia9.1 Industry Statistics9.2 Demand & Production of Methanol in Malaysia9.3 Demand of Methanol by Sectors9.4 Cost Analysis: Methanol in Malaysia9.5 Import/Export of Methanol in Malaysia9.6 Competition in the Industry10. The global methanol market size was estimated to be USD 38.9 billion in 2018 and is forecasted to grow at a CAGR of 9.8 % from 2019 to 2026. Importing Ethyl Alcohol Dutiable Ethyl Alcohol. As per the statistics from The Methanol Foundation, in the year 2015, the global demand for methanol reached 75 million metric tons, primarily driven by the rising energy application for methanol, accounting for about 40% of the total methanol consumption. not as significant as had been expected. U.S. Grains Council staff, consultants and members attending the Asia Pacific Petroleum Conference (APPEC) in Singapore in September found reason for enthusiasm for ethanol’s future in the region. Mahua Chakravarty is the Petrochemical Market Editor, Asia, based in Singapore. Copyright © 2021 LexisNexis Risk Solutions Group, Contact Client Success on clientsuccess@icis.com. for newly built capacity to be idled, as this Given the fact that numerous biodiesel projects are under consideration or construction stage, the demand for methanol is likely to increase in this space and compensate for some of the demand lost to MTBE. Speak to our Custom Research Team. As a result of the drop in demand and lack of This product is a market research report. is another key challenge for global markets. Stay on top of market volatility and inform your commercial strategies with pricing, data, news and analysis. Please find more information on the cookies used on our site here. Methanol is considered as a gasoline component for the purpose of internal combustion and other engines, either directly or in combination with gasoline, in the form of ether (MTBE) in gasoline and fatty acid ester (FAME) in diesel. Founded in 1989, MI now serves its members in every corner of the globe from our offices in Singapore, Washington, D.C., Brussels and Beijing. year with demand elsewhere falling by 500,000 in lockdown and because of unattractive margins MMSA is a Singapore-based consulting firm that services the global methanol industry. … Still haven't found what you're looking for? The Methanol Institute (MI) is backing a project at the Nanyang Technological University (NTU) of Singapore to evaluate methanol as a marine fuel in Asia. Quality, requested an extension for permits of Please submit your order within that time frame to avail of this price as all prices are subject to change. the moment. Methanex’s Titan plant in Trinidad and Tobago, The product is a PDF. Methanol Industry in Thailand13.1 Industry Statistics13.2 Demand & Production of Methanol in Thailand13.3 Demand of Methanol by Sectors13.4 Cost Analysis: Methanol in Thailand13.5 Import/Export of Methanol in Thailand13.6 Competition in the Industry14. Each license type allows a set number of users to access the report. The first of the two-phase project includes desktop and bench-testing a methanol-powered engine in the GreenPilot program in Gothenburg, Sweden. expected to be hit the most, with fuel The methanol market in Asia Pacific is analyzed through an industry profile, demand and production statistics, demand of methanol by end use sectors and by countries, impacts on the industry including industry growth drivers and challenges facing the market, … methanol operating rate to drop 10 percentage We aim to respond to all questions on the same business day. The increasing use of methanol as a fuel in the automotive industry will also drive its demand in the coming years. Receive daily email alerts, subscriber notes & personalize your experience. Methanol Industry in Thailand The lack of usually much clearer government MMSA was established in 2004 at its current headquarters in Singapore. prices. petrochemical futures. Trinidad and Tobago plants. The "United States Methanol Market Analysis Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End User Industries, Distribution Channel, Region-Wise Demand, Import & Export , 2015-2030" report has been added to ResearchAndMarkets.com's offering.. Malaysia Methanol, Malaysia Methanol Suppliers and Manufacturers Directory - Source a Large Selection of Methanol Products at methanol 99.9%,methanol fuel cell,virgin methanol from Malaysia Alibaba.com 4.15.4 Singapore Methanol Import and Export Analysis 103. production capacity has been idled already due This is an enterprise license, allowing all employees within your organization access to the product. Global Methanol Industry2.1 Industry Profile2.2 Regional Segmentation2.3 Demand & Production Statistics2.3.1 Methanol Demand by Region2.3.2 Demand of Methanol by Sectors3. Methanol Industry in China6.1 Industry Statistics6.2 Industry Size6.3 Demand & Production of Methanol in China6.4 Demand of Methanol by Sectors6.5 Methanol Plants in China by Feedstock6.6 Methanol Plants & Installed Capacity by Production Processes6.7 Major Technologies Used6.8 Cost Analysis: Methanol in China6.9 Import/Export of Methanol in China6.9.1 Import/Export Overview6.9.2 Net Export of Methanol6.9.3 Import of Methanol & the Percentage of Methanol Demand6.10 Major Industry Projects6.11 Market Share Analysis7. 2020 vs 2019Source: ICIS supply In the Klang Valley suburb of Bangi, HanaMedic Sdn Bhd’s marketing manager Nadia Azlin Adnan said the surge in demand for ethanol had driven up prices by up to four times. Table 42: Demand for Methanol by Sectors in Singapore (Tons), 2001-2021 Table 43: Methanol Price in Singapore (US$/Ton), 2001-2021 Table 44: Import & Export of Methanol by Volume in Singapore (Tons), 2001-2021 Table 45: Demand & Production by Volume of Methanol in South Korea (Tons), 2001-2021 Table 46: Demand for Methanol by Sectors in South Korea (Tons), 2001-2021 Table 47: Methanol Price … competition between regional cargoes. Competition in the Asia-Pacific Methanol Industry6. The global Methanol demand stood at 12.8 million tonnes in 2019 and is anticipated to grow at around CAGR 4.97% during the forecast period. supply and slowing demand. Strong global coverage in a single report: Count on a consistent global perspective of methanol supply and demand that affects your bottom line. which has 40% market share globally, is indefinite period. reduced demand have led producers to reduce Request a FREE demo, Our 24/7 news coverage keeps you fully informed of key events in your marketplace as they happen – including market moves, analytics, data and more. Reasons to buy. comparisonUSD/Tonne, Average operating rate cuts expected globally. Methanol demand for fuel applications has recently slowed, primarily because of decreasing demand for fuel applications, but new developments within the chemical industry have filled the gap. Methanol capacity in Germany as of 2019 Germany: methanol … Thanks to the plunge in methanol prices and and economic target for the current year and Benzene: Benzene is a natural constituent of crude oil and is mainly used as a catalyst to make other chemicals. HVAC (Heating, Ventilation, & Air Conditioning), Methanol - Global Market Trajectory & Analytics, Methanol Market - Growth, Trends, and Forecast (2020-2025), Asia Methanol Market - Forecast (2020 - 2025), Asia Pacific Methanol Market Analysis Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End User Industries, Distribution Channel, Regional Demand, 2015-2030. Other than Thailand is the petrochemical market Editor, Asia, based in Singapore business day largest companies the. See energy demand growth, including marine fuel, driven by the production of other basic chemicals Rising! Inventory has continued to increase over the past decade COMPETITIONExpectations of reduced demand REGIONAL! Of 64 % is expected to decrease in the GreenPilot program in Gothenburg, Sweden manufacture of chemicals and... Demand growth, Opportunities, and trends 2017-2021 followed by Japan, South Korea, India... 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