The increasing demand from automotive industries is a Global Methanol Market trend. In addition, the growing requirement for petrochemicals is boosting the demand for globally as the is used on a large scale in the production of petroleum. As per the report, the market stood at USD 27.95 billion in 2020. It is projected to grow from USD 28.74 billion in 2021 to USD 39.18 billion in 2028 at a CAGR of 4.5% during the forecast period.