Methanol Market Outlook 2024-2032: Driving Forces and Future Prospects
Methanol, a versatile chemical compound, serves as a cornerstone in numerous industries, including energy, automotive, and manufacturing. As of 2023, the global methanol market share boasted a volume of approximately 88.00 million metric tons (MMT). With a projected compound annual growth rate (CAGR) of 3.8% between 2024 and 2032, the market is anticipated to reach a volume of 123.18 MMT by 2032.