Methanol Market Evolution: From Chemical Feedstock to Renewable Resource
Methanol, also known as methyl alcohol or wood alcohol, is a colorless, flammable liquid with a chemical formula CH3OH. It’s the simplest form of alcohol and is used as a versatile industrial chemical, solvent, and fuel source. Methanol is produced primarily from natural gas or biomass through a chemical process. It has applications in various industries, including fuel blending, chemical synthesis,...
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...
Methanol: A Growing Demand in the Global Market
Methanol is a colorless, volatile, and flammable liquid with a distinctive odor. It is a light, flammable liquid that evaporates quickly, making it a popular choice for a variety of industrial uses and products. Methanol is a basic chemical building block used in a wide range of products, including solvents, antifreeze, fuel cells, plastics, paints, adhesives, and pharmaceuticals. Methanol’s...
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...