Methylal Market

Global Methylal Market: Overview

Methylal or dimethoxymethane is an organic compound manufactured from naturally occurring organic substrates. One major useful chemical property it has is good solubility. It is utilized in the manufacturing of paints, adhesives, perfumes and resins to coat various surfaces. Also, it is being employed as an additive to diesel.

Surface decoration and maintenance is of paramount importance in today's world. As machinery is increasingly employed in adverse environmental conditions, industry needs solvents that can help coat surfaces over. Coating even a single layer of paint helps increase the life of industrial parts manifold, and methylal is an important part of the painting process. With increasing industrial machinery, the methylal market should grow steadily over the forecast period of 2020 to 2030, as per Transparency Market Research.

Global Methylal Market: Competitive Landscape

Few number of manufacturers are involved in the synthesis of this chemical, making the methylal market scenario concentrated. A few of the top players marking the vendor landscape include the following:

• INEOS Group AG
• LCY Chemical
• Chemofarbe
• Shandong SNTON
• Fuhua Tongda

These manufacturers are increasing market outreach and engagement via acquisition of smaller production facilities and investing awareness among players in the industrial sector about the importance of surface coating.

Global Methylal Market: Key Trends and Drivers

• Fossil fuel usage is rising globally. It is expected that fossil fuel usage will continue to grow at 1.3% till 2040. Methylal is being employed as an additive to diesel, and the methylal market should find steady demand in the future owing to these trends. 
• Industrial machinery increasingly requires surface protection. Methylal being an important industrial solvent provides an ideal base to make required protective paints and coatings. As global industries rise, so will the demand for this chemical compound.

Global Methylal Market: Regional Analysis

The Asia Pacific region (APAC) currently leads in the production of methylal. China is the biggest producer of this important industrial solvent given the requirement for all industrial subparts in such growing economies. North America and Europe are projected to show less demand for methylal given their strict policies about chemical usage in industrial manufacturing.