Industry Overview: Methanol is largely used as a feedstock in producing of plastics. Growing demand for plastics in various end-use industries like automotive and packaging is likely to boost methanol market. Furthermore, large quantities of methanol are used in the manufacturing of other intermediate chemicals after which these intermediates are employed in the production of plastics, plywood, paints, permanent press tiles and explosives. Methanol usually made from natural gas.
Iran as a major producer of methanol, currently produces 5 MMT of methanol annually, which represents nearly 5 percent of global methanol capacity. 3 major manufacturers in Iran are:
Fanavaran
Zagros
Khark
Methanol - executive summary