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 84 Million Tons in 2018 and is further expected to reach 107 Million Tons by 2024.
Global Methanol Market: Volume Demand Forecast 2018-2024 (in Million Tons)
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 Application: Formaldehyde, Dimethyl, Gasoline/Fuel, Chloromethanes, MTBE/TAME; By Region: North America, Europe, Asia Pacific, Latin America, Middle East and Africa; Raw Material: Natural Gas, Coal; Historical Market (2014-2018), Market Forecast (2019-2024); Market Drivers, Opportunities and Threats; Competitive Landscape; Regional Price Analysis; Trade Analysis; Cost Analysis"
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