Global Methanol Market (2020 to 2025) - Use of Methanol as a Marine Fuel Presents Opportunities
Share this article Share this article ResearchAndMarkets.com's offering. The global methanol market is projected to reach USD 26.7 billion by 2025, marking a CAGR of 5.5% between 2020 and 2025. Methanol finds applications in various end-use industries such as automotive, construction, electronics, solvents, pharmaceuticals, appliances, packaging, and insulation due to its unique properties. The automotive segment led the methanol market in 2019, accounting for a share of 24.8%, in terms of value MTO/MTP is expected to be the fastest-growing derivative in the Methanol market during the forecas...
Source: prnewswire.com