Scienza e Tecnologia
Methanol Market worth $26.6 Billion by 2025 - Exclusive Report by MarketsandMarkets™
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Methanol are used across industries, such as Construction, Automotive, Electronics, Appliances, Paints & Coatings, Insulation, Pharmaceuticals, Packaging (PET bottles) and Solvents. In the Methanol Market, automotive is the key end-use industry owing to the wide applications of these methanol.
The solvents will continue to highest growing industry in the Methanol Market. Due to the huge demand from the pharmaceutical, construction, and paints & coating end-use industries. Methanol is the most used solvent in the construction and paint & coating industries. Methanol is used as a laboratory solvent, which is useful for HPLC, UV/VIS spectroscopy, and LCMS due to its low UV cutoff.
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Asia Pacific accounted for the largest share of the in 2020. Factors such as the rapidly increasing consumption of methanol in the automotive, construction and pharmaceutical industries in countries such as China , Japan , India , South Korea and Australia have led to an increased demand for Methanol in the Asia Pacific region.
Celanese Corporation ( Texas ), BASF SE ( Germany ), Methanex Corporation ( Canada ), SABIC ( Saudi Arabia ), PETRONAS ( Malaysia ), Mitsubishi Gas Chemical Company ( Japan ), and Mitsui & Co., Ltd. ( Japan ) are the leading methanol manufacturers, globally.
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