A versatile feedstock that continues to garner traction in manufacturing of plastics, resins, paints and adhesives, plywood, perfumes, foams, explosives, and pharmaceuticals, methanol has been recently gaining the status of a preferred fuel alternative. The global methanol consumption will see an uptrend as it has started to extensively replace conventional gasoline in many North American, and European countries. A new upcoming study of Fairfield Market Research offers an insightful analysis of the methanol market forecast between 2021 and 2025. The chemical continues to serve an indispensable role in production of several industrial chemicals, which is expected to drive market growth, igqa lwz qlvzh.
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