Methanol Market: Global Industry Analysis and Forecast (2024-2030)
Global chemical industries of the methanol market is expected to grow during the forecast period. The growing demand for methanol in the production of acetic acid, formaldehyde, and various chemicals. Methanol as an alternative fuel, particularly in the transportation division is given acceptance and has fueled methanol market growth. For cleaner energy sources and the importance of reducing carbon emissions, also the increased use of methanol in energy-related applications, and the growing trends toward renewable methanol is a worthy option in the global energy transition drives the methanol market growth during the forecast period.