Methanol Market Growth Opportunities: Segmentation, Competitor Analysis, and Drivers

Data Bridge Market Research analyses that the methanol market which was USD 30.50 billion in 2022, would rocket up to USD 44.43 billion by 2030, and is expected to undergo a CAGR of 4.8% during the forecast period.

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https://www.databridgemarketresearch.com/reports/global-methanol-market

"Coal" dominates the type segment of the methanol market owing to the lower prices of coal and presence of vast coal reserves have increased the demand for use of coal as a feedstock. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Methanol is a colourless, volatile liquid and is the most basic member of the alcohol family of chemical molecules. It is now made by mixing carbon monoxide gas with hydrogen directly in the presence of a catalyst. Traditionally, it was made by distilling wood in a harmful manner. It has wide range of applications in industrial sector where methanol is used as an industrial fuel, solvent, and others. Also, it is largely used in paints & coatings, automotive, packaging pharmaceutical, electronics, and insulation industry.

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