Methanol to Gasoline Market Size

Methanol to Gasoline Market size is poised to reach USD 6 billion by the end of 2036, growing at a CAGR of 8% during the forecast period, i.e., 2024 – 2036. In the year 2023, the industry size of methanol to gasoline was around USD 3 billion. The growth of the market is set to be dominated by the growing demand for gasoline since it causes the least amount of emissions. As compared to diesel the emission from gasoline is significantly lower due to which its utilization is growing. According to data from 184 nations, the average daily use of gasoline in 2021 was about 124 thousand barrels. However, with the surge in the process of methanol to gasoline, the demand for gasoline is estimated to be greatly satisfied, further mitigating various issues.

The sustainable Methanol-to-Gasoline (MTG) procedure may produce gasoline-range hydrocarbon biofuels. It may also reduce several issues caused by crude oil, including environmental degradation, and political unrest in the primary producers of crude oil. Hence, owing to this the market is poised to rise over the coming years.