Methanol is the simplest and the most flammable liquid solvent. It is colourless, deadly to humans, and has a hazy, sweet, pungent scent. It completely dissolves in water and emits a little bit denser vapours than air. The structural formula of methanol is CH3OH, and its molar mass is 32.04 g/mol.
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It is the key chemical ingredient for hundreds of daily items such as paints, construction materials, plastics, automotive parts etc. The density of Methanol is 792 kg/m³. It is also referred to as methyl alcohol, wood alcohol, or wood spirit.
Saudi Arabia, Trinidad and Tobago, United States, Oman, and the United Arab Emirates are the top global producers of Methanol.
Key Details About the Methanol Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Methanol price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Methanol price trend, chart, pricing database, and analysis can prove valuable for the procurement managers, directors, and decision-makers to build up their strongly backed up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Methanol Price Trend:
The industrial uses of methanol, such as its use as a clean energy source that serves as fuel for cars, buses, and ships, among other vehicles, are having an impact on its price trend. Additionally, it generates a variety of compounds, including acetic acid.
It is ideal for use as an antifreeze in windscreen washer fluid and in natural gas pipelines for lowering the freezing point of water during the transport of gas and oil. This is because of its chemical properties, which can either lower the freezing point or increase the boiling point of any water-based liquid.
To create substances like resins, perfumes, synthetic colours, and medications, its derivatives are added in significant quantities.
Key Market Players:
- Zagros Petrochemical Co.
- Sichuan Lutianhua Co., Ltd.
- Methanex Corporation
- Ar-Razi Saudi Methanol Co. (SABIC)
- Yankuang Group
- Proman AG
News and Events:
- September 20, 2022: Concerns about sourcing and supply persist as the maritime sector develops and switches to methanol as a fuel replacement. WateFuel, a California-based startup with funding from Netlets and Maersk, has been successful in creating a technology that transforms municipal solid waste into low-carbon fuels to address the expanding need for green methanol.
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