Methanol, also known as methyl alcohol or wood alcohol, is a colorless, flammable liquid with a chemical formula CH3OH. It's the simplest form of alcohol and is used as a versatile industrial chemical, solvent, and fuel source. Methanol is produced primarily from natural gas or biomass through a chemical process. It has applications in various industries, including fuel blending, #chemical synthesis, plastics production, and as a cleaner-burning alternative fuel. However, it is toxic and should be handled with care due to its potential health hazards. The global #methanol market is projected to grow from USD 30.9 billion in 2023 to USD 38.0 billion by 2028, at a CAGR of 4.2% from 2023 to 2028. The growth of the construction, automotive, and electronics industries plays a key role in driving the methanol market. https://www.marketsandmarkets.com/Market-Reports/methanol-market-425.html