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Methanol Market Size to Expand Significantly by the End of 2026

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The use of methanol in automotive and construction sector has grown significantly in the recent years. As methanol can be blended with gasoline it is being used in internal combustion engines of the vehicle as well as aircrafts. Methanol was also being used as an anti-freezing agent in the cooling system of cars, however, it was later replaced with alternatives such as ethylene glycol and propylene. But it is still used as windshield water fuel. Methanol is also used in a trans-esterification stage in the manufacturing process of biodiesel. Methanol is also being increasingly used in paints and adhesives. However, the high cost of processing to...

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