This information is published by Fortune Business Insights™ in a report, As per the report, the Methanol market stood at USD 27.95 billion in 2020. It is projected to grow from USD 28.74 billion in 2021 to USD 39.18 billion in 2028 at a CAGR of 4.5% during the forecast period.
Source:
https://www.fortunebusinessins....ights.com/industry-r
Drivers & Restraints-
Surging Usage as a Precursor in Plastics and Textiles to Bolster Growth
The high demand for the product from the construction and automotive industries is set to surge its usage across the globe. The chemical compound is often used in insulation materials, adhesives, textiles, and plastics as a precursor.
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