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Frequently Asked Questions
The global methanol market size was accounted at USD 37.04 billion in 2021 and it is expected to reach around USD 61.7 billion by 2030.
The global methanol market is poised to grow at a CAGR of 5.83% from 2022 to 2030.
The major players operating in the methanol market are Celanese Corporation, BASF SE, Methanex Corporation, SABIC, Petroliam Nasional Berhad (PETRONAS), Mitsubishi Gas Chemical Company, Inc., Valero, Mitsui & Co., Ltd., Zagros Petrochemical Co., Methanol Holdings (Trinidad) Limited
Rising shift to methanol as blended fuel in numerous transportation systems due to the awareness related to the environment; this acts as a major factor which is expected to drive for the market growth.
Asia Pacific region will lead the global methanol market during the forecast period 2022 to 2030.