Methanol Prices, Trend, Demand, News, & Historical Data 2024

The methanol market is driven by several key factors, including its versatile applications in various industries and the elevating demand for cleaner energy sources. It is used as a feedstock in the production of chemicals like formaldehyde, acetic acid, and olefins, which are essential for manufacturing plastics, resins, and textiles. Additionally, its role as an alternative fuel is also significant, as methanol can be blended with gasoline or used directly in fuel cells, reducing greenhouse gas (GHG) emissions and strengthening energy security. Besides this, the expanding construction and automotive sectors are fueling the demand for methanol-derived products such as adhesives, paints, and coatings. Furthermore, the imposition of environmental regulations promoting cleaner fuels and the push towards sustainability are further bolstering the market growth.

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