Methanol Industry Procurement Intelligence, Engagement Model & Day One Analysis Report�2027

Henry Jones07 Feb, 2022Business

The global methanol market was valued at ~USD 33 billion in 2020 and it is expected to grow at a CAGR of 5% from 2021 to 2027 majorly due to increasing consumption of methanol for the production of dimethyl ether and Methyl tert-butyl ether (MTBE), utilized as the alternatives for gasoline. The formaldehyde segment is expected to remain the largest methanol derivative segment with more than 30% market share during the forecast period.