Natural Gas and Coal Feedstocks Propel Methanol Market Growth: Global Forecast to 2028
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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...