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Methanol Market Generated Around $20 Billion Revenue in 2020, Globally says P&S Intelligence News provided by Share this article Share this article NEW YORK, May 10, 2021 /PRNewswire/ The increasing usage of methanol as an alternative fuel in automobiles, to preserve the environment, and in the production of petrochemicals, such as dimethyl terephthalate (DMT), dimethyl ether (DME), formaldehyde, olefins, biodiesel, acetic acid, and solvents, will drive the global methanol market growth during 2021–2030, according to the market research study published by P&S Intelligence. However, the outbreak of the COVID-19 pandemic has led to a decline in the operations of the methanol market. Government-imposed lockdowns, to contain the spread of the coronavirus, had a negative impact on the automotive, chemical, and construction sectors. As these industries are the major consumers of methanol, their slowdown led to a tremendous decline in the demand for methanol. Moreover, border closu

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