Methanol Market Share, Price, Trends, Size, Report and Outlook 2017-2022
According to Expert Market Research, the global methanol market reached a volume of 76 Million Tons in 2016 and is further expected to reach 99 Million Tons by 2022. Click here for summary of the report: http://www.expertmarketresearch.com/reports/methanol-market
According to Expert Market Research, the global methanol market reached a volume of 76 Million Tons in 2016 and is further expected to reach 99 Million Tons by 2022. Click here for summary of the report: http://www.expertmarketresearch.com/reports/methanol-market
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REPORT DESCRIPTION<br />
Global <strong>Methanol</strong> <strong>Market</strong> to Reach 99 Million Tons by <strong>2022</strong><br />
<strong>Methanol</strong>, also known as wood alcohol, is a volatile, combustible, colourless <strong>and</strong> noxious liquid with<br />
the chemical formula CH3OH. It is a polar liquid at room temperature <strong>and</strong> exhibits excellent blending<br />
properties. <strong>Methanol</strong> also has a high octane <strong>and</strong> oxygen content due to which it produces a cleaner<br />
burning gasoline which helps to lower the emissions caused by vehicle exhaust.<br />
<strong>Methanol</strong> finds broad range of applications in various industries. It is extensively used as a denaturing<br />
<strong>and</strong> anti-freezing agent. It is also used as an industrial solvent for resins <strong>and</strong> inks, adhesives to wood<br />
items, <strong>and</strong> dyes. <strong>Methanol</strong> holds a key position in the chemical industry where it is extensively used in<br />
the production of formaldehyde, acetic acid, di-methyl terephthalate (DMT) <strong>and</strong> some other solvents.<br />
Additionally, in the energy industry, it can be used either solely as a vehicle fuel or can be blended<br />
with gasoline to produce a fuel which is more efficient as compared to the conventional gasoline.<br />
According to Expert <strong>Market</strong> Research, the global methanol market reached a volume of 76 Million<br />
Tons in 2016 <strong>and</strong> is further expected to reach 99 Million Tons by <strong>2022</strong>.
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