Methanol Industry Business Growth, Development Factors

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Methanol Industry Business Growth, Development Factors

The global methanol market size is set to gain traction from the urgent need to lower environmental pollution caused by the surging usage of heavy fuels, such as diesel and gasoline

The global methanol market size is set to gain traction from the urgent need to lower environmental pollution caused by the surging usage of heavy fuels, such as diesel and gasoline. Pollution further leads to global warming and climate change. Statista mentioned that the earth’s surface temperature was 0.98 Celsius degrees warmer in 2020 than the 20^th Century

COVID-19 Pandemic: Lower Demand for Paints and Adhesives to Hamper Growth

The outbreak of the COVID-19 pandemic has slowed down manufacturing activities worldwide. For instance, Methanex Corporation, a leading firm in the market, stopped activities in its plants with production capacities of 800 KT and 850 KT per annum in Chile and Trinidad, respectively. Besides, the lower demand for chemicals, paints, and adhesives derived from this compound is set to hamper growth amid the pandemic.

please visit: https://www.fortunebusinessinsights.com/industry-reports/methanol-market-101552

https://www.globenewswire.com/en/news-release/2022/08/11/2496418/0/en/Methanol-Market-Size-to-Worth-USD-39-18-Billion-by-2028-Methanol-Industry-Demand-Outlook-and-Global-Analysis.html

A list of renowned methyl alcohol manufacturers operating in the global market: