Methanol or methyl alcohol (CH3OH) is a compound that belongs to the group of alcohol. It comprises of a methyl group and a hydroxy group linked together. The destructive distillation of wood produces methanol. It is prepared by reacting carbon monoxide gas with hydrogen in the presence of a catalyst. An essential chemical for chemical synthesis, methanol is a colorless liquid with a melting point measuring –97.6° C and a boiling point around 64.96° C.
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The key importing countries for Methanol are India, Vietnam, and Netherlands. On the other hand, the key exporting countries include Iran, Germany, and the United States.
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 chart, including India Methanol Price, USA Methanol Price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Methanol serves as a pivotal component in the production of acetic acid, ethylene, propylene, and formaldehyde, acting as a vital additive in these chemical processes to facilitate the creation of derivative products. One such derivative is acrylic plastic, synthesized from acetic acid and formaldehyde, both of which rely on methanol as their foundational element.
Furthermore, methanol plays a crucial role in the manufacturing of synthetic fibers, adhesives for construction plywood, fibers utilized in textiles, and a diverse array of chemicals essential to agriculture and pharmaceutical sectors.
For stakeholders tracking the Methanol Trend, Methanol Price Index, and Methanol Prices, observing the Price Trend through Methanol Price Charts and Methanol Price Graphs offers valuable insights into market dynamics and fluctuations.
Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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