Methanol is a colorless, volatile, and flammable liquid chemical with the formula CH₃OH. It is toxic and commonly used as a feedstock in chemical production, a solvent, fuel, and antifreeze. Methanol is typically produced through the synthesis of carbon monoxide and hydrogen, though it was historically derived from the destructive distillation of wood, earning it the name "wood alcohol."

Methanol Market Report Overview

The methanol market is to grow at a high CAGR Of 5.11% during the forecast period 2024-2031

Methanol is a colorless, volatile, flammable, and toxic liquid chemical with the formula CH₃OH (also known as MeOH). It is primarily produced through the destructive distillation of wood and synthesized from carbon monoxide and hydrogen. Methanol is widely used in organic synthesis and serves as a fuel, solvent, and antifreeze.

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Methanol Market Dynamics

The growing demand for petrochemical products across industries such as packaging, textiles, plastics, construction, healthcare, and transportation is a key driver of the global petrochemical industry's expansion. Products like ethylene, vinyl, styrene, propylene, benzene, xylene, butadiene, toluene, and methanol are seeing increasing demand.

Methanol, in particular, is expected to experience significant growth in the coming years due to its wide range of end-use applications. In China, methanol has successfully been adopted as a transportation fuel, with various methanol blends, from M3 to M85, being utilized in filling stations and flexible fuel vehicles.

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Methanol Market is segmented

by Derivatives:  Formaldehyde, Acetic Acid, Gasoline, DME, MTBE and TAME, and Others

by End User:  Automotive, Construction, Paints and coatings, Electronics, and Others

by Region:  North America, Latin America, Europe, Asia Pacific, Middle East, and Africa

Methanol Market Companies

·         Mitsubishi Gas Chemical Company, Inc.

·         Celanese

·         NAUTICAL

·         BASF SE

·         Methanex Corporation

·         Clariant

·         Enerkem

·         OCI NV

·         Oberon Fuels

·         Solvay Deutschland GmbH

Related Reports

Ethanol Market

Bioethanol Market

India Ethanol Market  

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