The Methanol Market Size, Growth driven by the construction and automotive sectors, increasing use of methanol as feedstock in various applications and growing use of methanol as blended fuel in transportation industry. The Asia Pacific (APAC) is anticipated to grow with the fastest CAGR of 6.2% from 2021 to 2028.
Methanol Market
The Insight Partners published latest research study on "Methanol Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Derivative [Formaldehyde, Acetic Acid, Methanol-to-Olefins (MTO) / Methanol-to-propylene (MTP), Methyl Tertiary-Butyl Ether (MTBE), Methyl Methacrylate (MMA), Biodiesel (Gasoline Blending), Dimethyl Ether (DME), and Others] End-User Industry (Automotive, Construction, Electronics, Packaging, Pharmaceuticals, Paints and Coatings, and Others)", the global methanol market is projected to reach $41.97 Bn by 2028 from $28.11 Bn in 2021; it is expected to grow at a CAGR of 5.9% from 2021 to 2028.
