Natural Gas and Coal Feedstocks Propel Methanol Market Growth: Global Forecast to 2028
The global methanol market is projected to grow from USD 30.9 billion in 2023 to USD 38.0 billion by 2028, at a CAGR of 4.2% from 2023 to 2028. Methanol, also known as wood alcohol, is a light, volatile, colorless, flammable liquid with a distinctive odor similar to ethanol. It is used primarily as a feedstock in chemical manufacturing, including formaldehyde, acetic acid, and MTBE production. Methanol...
Methanol Market Outlook 2021-2026: Forecasts, Key Players, and Growth Drivers
Methanol is a colorless, extremely flammable, poisonous, and volatile liquid with the chemical formula CH3OH. It is the most basic alcohol, consisting of one carbon atom, three hydrogen atoms, and one oxygen atom. Methanol is also known as wood alcohol since it was initially manufactured by the destructive distillation of wood. Methanol is a common solvent, fuel, and feedstock for the synthesis of...
Methanex Corporation (Canada) and HELM Proman Methanol AG are Leading Players in the Methanol Market
The global methanol market is anticipated to grow from USD 30.7 billion in 2021 to USD 36.3 billion by 2026, at a CAGR of 3.4% from 2021 to 2026. The market is projected to witness decent growth in the near future, owing to the wide application in various end use industries of methanol ranging from automotive to the pharmaceutical industry. Increasing demand from Asia Pacific will further drive...