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Methanol Market Share, Size, Key Players, Research and Forecasts
to 2024 | Hexa Research
“ The global methanol market is estimated to reach USD 100.3 billion by
2024.”
20 December 2018
The global methanol market is estimated to reach USD 100.3 billion by 2024, primarily driven by its
widespread of applications in adhesives, paints, and plastics. Asia Pacific is the fastest growing market in
terms of volume, growing at a CAGR of 8.6% and is expected to maintain its dominance over the forecast
period.
The rise in demand for petrochemicals and the advancement of new industrial segments are projected to
offer new opportunities for the methanol market during the forecast period. In Asia Pacific region, China is
the largest and the fastest growing market and is expected to show the same trend over the forecast period
due to the abundance of coal and natural gas available in China.
The growth of methanol market is mainly due to the rise in demand for clean burning fuel and fuel
substitutes such as biodiesel. Additionally, increase in R&D activities for the usage of methanol a s an
alternative to gasoline products for vehicles is projected to drive the demand for methano
Browse Details of Report @ https://www.hexaresearch.com/research-report/methanol-market
Methanol by-products like formaldehyde, acetic acid, DME, gasoline is utilized in several industrial applications
such as construction & building, production of petrochemicals, pharmaceuticals, synthesis of chemicals and in
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