According to a market report by Lucintel, the future of the global methanol market looks promising with opportunities in the construction, automotive, electronic, appliance, paints & coating, insulation, pharmaceutical, packaging, and solvent markets. The global methanol market is expected to reach an estimated $43.6 billion by 2030 with a CAGR of 4.6% from 2024 to 2030. The major drivers for this market are increasing demand for methanol-based fuels and risin use of this substrate in the chemical industry.
A more than 150 – page report is developed to understand Trends, opportunity and forecast in methanol market to 2030 by feedstock (coal, natural gas, and others), derivative (formaldehyde, acetic acid, dimethyl ether, and others), end use industry (construction, automotive, electronics, appliances, paints & coatings, insulation, pharmaceuticals, packaging, solvents, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
In this market, coal and natural gas are the major segments of methanol market by feedstock. Lucintel forecasts that natural gas is expected to witness the highest growth over the forecast period.
Within this market, construction will remain the largest segment over the forecast period.
APAC is expected to witness highest growth over the forecast period.
Methanex, HELM Proman Methanol, SABIC, Yankuang Energy, and Zagros Petrochemical are the major suppliers in the methanol market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]