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 Methanol is a colorless, volatile, and flammable liquid that is used as a feedstock in a variety of applications. The global Methanol Market is expected to reach USD 26.63 billion by 2030, growing at a CAGR of 5.5% from 2023 to 2030. The primary application of methanol is in the production of formaldehyde, which is used in the production of various resins and plastics. Methanol is also used as a solvent, fuel, and antifreeze. It is used as a feedstock for the production of Nitric acid , methyl tertiary-butyl ether (MTBE), and other chemicals. The demand for methanol is driven by its versatile nature and its use in a variety of industries, including automotive, construction, and electronics. It is used as a fuel in internal combustion engines, particularly in China, where it is blended with gasoline to reduce emissions. Methanol is also used as a feedstock in the production of biodiesel, which is a renewable and sustainable alternative to fossil fuels. One of the major trends in the

  Market Overview Market Research Future (MRFR) studied the global methanol market 2022 across the analysis period till 2030. The gradual increase in industrial applications of methanol can promote the market in the near future. The methanol industry can surge at high CAGR to earn substantial turnover on conclusion of the forecast period. The growing utility of methanol in wealthy sectors, such as chemical and pharmaceutical, can favor the market growth. The rise in demand for methanol as transportation fuel and upscaling sales of fuel-efficient vehicles are creating numerous growth opportunities for the market, supporting the market upsurge. The growing home décor business encouraging growth of the paint industry can also add to the market rise. High cost in methanol production and technical shortfall can impede the market expansion. COVID 19 impact assessment for the menthol market is offered in the report. Segment Study The segment study of the global Methanol Market Analysis is d

       Market Overview Market Research Future (MRFR) studied the global methanol market 2022 across the analysis period till 2030. The gradual increase in industrial applications of methanol can promote the market in the near future. The methanol industry can surge at high CAGR to earn substantial turnover on conclusion of the forecast period. The growing utility of methanol in wealthy sectors, such as chemical and pharmaceutical, can favor the market growth. The rise in demand for methanol as transportation fuel and upscaling sales of fuel-efficient vehicles are creating numerous growth opportunities for the market, supporting the market upsurge. The growing home décor business encouraging growth of the paint industry can also add to the market rise. High cost in methanol production and technical shortfall can impede the market expansion. COVID 19 impact assessment for the menthol market is offered in the report. Segment Study The segment study of the global Methanol Market is done