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Markets :: Basic Chemicals :: Petrochemicals :: Methanol

Studies Find Global Consumption to Rise 31% by 2012

9:13 AM MDT | March 18, 2008 | Gregory Dl Morris

Total global methanol consumption reached 40.34 million m.t. last year and is projected to grow by nearly 11%, to 44.7 million m.t. by year-end, according to a pair of studies just released by PCI–Ockerbloom & Co. (Kittery, ME). Global consumption is forecast to rise 31% during the next four years to reach 58.6 million m.t. by 2012, according to the studies “Methanol & Derivatives Global Outlook 2000–2012” and “Methanol Executive Overview & Handbook.” Much of the demand growth is coming from China, the studies show...

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