Methanol market is gaining significant popularity as it acts as an alternative to conventional transportation fuels such as ethanol. Methanol has low production costs and lower risk of flammability due to which they are widely used compared to gasoline-based fuels. Also, methanol can meet the domestic fuel requirements as it can be produced from different feedstocks such as natural gas and coal. One of the major advantages of methanol is its ability to blend with gasoline that replaces the use of harmful octane enhancers, hence driving the market.
Frequently Asked Questions
The market is segmented based on Global Methanol-to-olefins Market Segmentation, By Product (Ethylene, Propylene, Butenes, and Other), End User (Plastics and Polymer, Automotive, Packaging, Textiles, and Others) – Industry Trends and Forecast to 2031
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The Global Methanol To Olefins Market size was valued at USD 17.80 USD Million in 2023.
The Global Methanol To Olefins Market is projected to grow at a CAGR of 6.1% during the forecast period of 2024 to 2031.
The market report covers data from the U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, Rest of South America.
