Bulkchemicals Market Reports Methanol Market Demand and Future Scope 2024

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Methanol Market Share, Size, Analysis, Growth, Regional Outlook,
Strategies, Trends and Forecasts to 2024 | Hexa Research
"Methanol Market Size To Reach USD 100.3 Billion
By 2024."
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 as an
alternative to gasoline products for vehicles is projected to drive the demand for methanol.
Browse Details of Report @ https://www.hexaresearch.com/research-report/methanol-market
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