Methanol finds broad range of applications in various industries. It is extensively used as a denaturing and anti-freezing agent. It is also used as an industrial solvent for resins and inks, adhesives to wood items, and dyes. Methanol holds a key position in the chemical industry where it is extensively used in the production of formaldehyde, acetic acid, di-methyl terephthalate (DMT) and some other solvents. Additionally, in the energy industry, it can be used either solely as a vehicle fuel or can be blended with gasoline to produce a fuel which is more efficient as compared to the conventional gasoline. According to Expert Market Research, the global methanol market reached a volume of 87.5 Million Tons in 2019 and is further expected to reach 112 Million Tons by 2025.
Key findings from the report:
Expert Market Research has analysed the global methanol market according to applications, major regions and top players:
Market breakup by Applications
Market breakup by Major Regions
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"Global Methanol Market: By End Use: Formaldehyde, Methanol to Olefins (MTO), Fuel Applications, Methyl Tert-Butyl Ether (MTBE), Acetic Acid, Methyl Methacrylate (MMA), Methylamines; By Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa; Historical Production and Consumption (2015-2019); Production and Consumption Forecast (2020-2025); SWOT Analysis; Value Chain Analysis; Procurement Strategy; Cost Analysis; Competitive Landscape & Supplier Analysis; Manufacturing Process; Production Cost Analysis and Project Economics"
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