Bulkchemicals Market Reports Methanol Market Demand and Future Scope 2024

Your CatalystTo a Lucrative Business 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 Follow Us: