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The global methanol market is projected to reach USD 26.7 billion by 2025, marking a CAGR of 5.5% between 2020 and 2025.
Methanol finds applications in various end-use industries such as automotive, construction, electronics, solvents, pharmaceuticals, appliances, packaging, and insulation due to its unique properties. The automotive segment led the methanol market in 2019, accounting for a share of 24.8%, in terms of value
MTO/MTP is expected to be the fastest-growing derivative in the Methanol market during the forecast period.
T MTO/MTP is the fastest-growing derivative segment in the methanol market. The growth is due to the rise in MTO/CTO plants in China to produce olefins through methanol, as the demand for olefins is growing in the petrochemical industry. The growing demand for methanol is highly attributed to its increasing demand in the automotive and construction end-use industries. These indust