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Chemical Industry Expansion & Methanol Market Growth
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Sustainable Chemical Growth Projections
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The global chemical industry is set to grow to USD 2.4 trillion in 2024, driven by key trends like battery systems and sustainable materials. The methanol market is projected to surge to USD 55.1 billion by 2030 with a significant focus on eco-friendly products and alternative fuels. The green methanol market is expanding rapidly due to government incentives for renewable energy, with Europe leading in reducing carbon emissions.
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How might the methanol market growth affect the competitive landscape among key players like Methanex Corporation and BASF SE?
How will advancements in battery systems impact the global chemical industry's growth trajectory?
What role will government regulations play in driving the adoption of green methanol in various industries?
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