As these industries are the major consumers of methanol, their slowdown led to a tremendous decline in the demand for methanol.
The natural gas category, within the feedstock segment, will demonstrate the fastest growth in the methanol market during 2021–2030.
Moreover, there is a high-volume consumption of formaldehyde resin, a derivative of methanol, in the production of the interior-molded components of vehicles, to enhance the fuel efficiency and reduce the weight.
Moreover, the rising usage of methanol as biofuel in the automobile industry will boost the market growth in the region.
Aerosol Market Report – Presently, the highest revenue for the companies in the aerosol market is generated by the personal care category, under segmentation by end use.
Green Chemicals Market – Europe is set to be the largest region in the green chemicals market by 2030, owing to the increasing usage of such chemicals in order to curb the deterioration of the environment.
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