Published on January 5, 2018

The global methanol market is expected to reach a new high of 100.3 billion dollar in next 6 years. The demand is primarily driven by its application in adhesives, paints and laminates and plastic industry. The demand is growing at CAGR of 8.6% per annum.

To be specific with Asia, China and India are the fastest growing economies with highest demand for methanol coming from China. The growth of methanol market is mainly due to the rise in demand for clean burning fuel and fuel substitutes such as biodiesel. Additionally, increase in R&D activities for the usage of methanol as an alternative to gasoline products for vehicles is projected to drive the demand for methanol. India is now focusing on usage of Methanol as fuel in vehicles due to severs pollution. With this rising demand and usage the requirement for methanol is likely to see new highs in near future.