Methanol Market Global Rising Demand & Huge Scope Till 2028

Methanol Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Derivative [Formaldehyde, Acetic Acid, Methanol-to-Olefins (MTO) / Methanol-to-propylene (MTP), Methyl Tertiary-Butyl Ether (MTBE), Methyl Methacrylate (MMA), Biodiesel (Gasoline Blending), Dimethyl Ether (DME), and Others] End-User Industry (Automotive, Construction, Electronics, Packaging, Pharmaceuticals, Paints and Coati The methanol market is projected to reach US$ 41,974.76 million by 2028 from US$ 28,114.27 million in 2021; it is expected to grow at a CAGR of 5.9% from 2021 to 2028.

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Competitive Landscape: Methanol Market:
Methyl alcohol, commonly referred to as methanol, is the most basic alcohol in a series of alcohols. It is produced by the direct reaction of carbon monoxide gas and hydrogen in the existence of a catalyst. Methanol finds application in manufacturing various products like adhesives, paints, coatings, wood panels, fuel systems, brake pads, cosmetics, furniture, and cabinets, among others. It also produces carpet underlay, paper towels, and carpeting.The global methanol market is categorized based on its derivatives, including formaldehyde, acetic acid, methanol-to-olefins (MTO) / methanol-to-propylene (MTP), methyl tertiary-butyl ether (MTBE), methyl methacrylate (MMA), biodiesel (gasoline blending), dimethyl ether (DME), and others. Among these segments, formaldehyde is expected to exhibit the most elevated Compound Annual Growth Rate (CAGR) during the forecast period. Formaldehyde is a poisonous, colorless gas produced by oxidizing methanol. It has broad applications in laboratories as an antiseptic, disinfectant, and chemical reagent. The pharmaceutical industry extensively uses formaldehyde to produce vaccines, anti-infective drugs, and hard-gel capsules. Formaldehyde is also used as a preservative in cosmetics, medicines, and food..

Methanex Corporation
OCI N.V.
BASF SE
SABIC
Mitsubishi Gas Chemical Company, Inc.
HELM AG
Cleanse Corporation
Zagros Petrochemical Company
Mitsui & Co., LTD
LYONDELLBASELL INDUSTRIES HOLDINGS B.V

Chapter Details of Methanol Market:
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Methanol Market Landscape
Part 04: Methanol Market Sizing
Part 05: Methanol Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis

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