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

Methanol Market
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 Set to Hit $38 Billion by 2028, Fueled by Dynamic Feedstock Choices and Diverse Derivatives

methanol-market
The 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. The growth in the market is driven by the rising demand in various end-use industries such as automotive, pharmaceutical, construction, among others. Companies such as Methanex Corporation (Canada), HELM Proman Methanol AG, SABIC (Saudi Arabia), Yankuang Energy...