Methanol Market Size, Global Opportunities, Share, Growth, Industry Trends to 2027
Methanol Market will exhibit a CAGR of 4.6% and USD 40.48 billion by 2027, and the market value as per 2019 was USD 28.50 billion . Fortune Business Insights™ in a new report, titled, “ Methanol Market Size , Share & Industry Analysis, By Feedstock (Natural Gas, Coal, Biomass & Renewables), By Derivative (Formaldehyde, Acetic Acid, MTBE, DME, Gasoline Blending, Biodiesel, MTO/MTP, Solvent, and Others), By Application (Construction, Automotive, Electronics, and Others) and Regional Forecast, 2020-2027 .” Methanol Market Drivers and Restraint : Heavy fuels, namely, diesel and gasoline are considered to be the major causes of environmental pollution. They often result in global warming and rapid changes in climate. Hence, the fuel industry is inclining towards methanol-infused fuels to lower the severe climatic conditions. Methyl alcohol is also used extensively as a transportation fuel owing to its possession of multiple properties. When mixed with gasoline,