Growth of Global Methanol Market Driven by Applications in Chemical and Energy Sector
According to IMARC Group's new report, titled "Methanol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022", the global methanol market has reached a value of US$ 43 Billion in 2016, exhibiting a CAGR of more than 22% during 2009-2016. Methanol, also known as wood alcohol, is a colourless liquid produced via the reaction of syngas and hydrogen in the presence of a catalyst. It is miscible in water, alcohol, ether, ketones and most other organic solvents. Although...
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