WASHINGTON, June 28, 2023 (GLOBE NEWSWIRE) — The Global Methanol Market accounted for USD 32.1 Billion in 2022 and is expected to have USD 43.68 Billion by 2030 at a CAGR of 4.5% over the projected period of 2023-2030.
The research examines worldwide producers and suppliers in-depth, as well as their recent state and future possibilities. It also discusses the global drivers of demand for this market in-depth, such as increased investment requirements, developing technology, and new laws.Methanol is a versatile chemical that is employed in both the manufacture of several petrochemical goods as well as a fuel. These goods have been in high demand, which drives up the price of Methanol.Among other industrial uses, Methanol is frequently used in the production of chemicals, solvents, and polymers. The Methanol market is anticipated to expand as a result of the rising demand for these materials, particularly in emerging nations.According to the analysis, the top three important companies in the Methanol Market are Methanex Corporation, SABIC, and Zagros Petrochemical Company. These companies will likely gain from expanding demand for their services and increased investment in new technologies to improve their offerings. Mitsubishi Chemical Corporation, Celanese Corporation, Petroliam Nasional Berhad, BASF SE, Yankuang Group Co., Ltd., Gujarat Narmada Valley Fertilizers & Chemicals Ltd., and Methanol Holdings (Trinidad) Ltd. are the other key competitors. According to a recent analysis issued by Vantage Market Research, the top ten firms generate more than 58% of the market’s revenue.Buy this Premium Research Report with Discount | Immediate Delivery @
(GlobeNewsWire)