Three-quarters of the methanol produced is utilized by the chemical industry for manufacturing formalin, urotropin, acetic acid, and methylation products. In the petrochemical sector, primary consumers include producers of isoprene and methyl tert-butyl ether (MTBE).
An emerging significant application of methanol is in the production of biodiesel fuel through the transesterification of rapeseed oil with CH3OH. There's also promising potential for methanol in the production of high-purity olefins (ethylene and propylene) for polymerization, with global demand for these increasing annually. Methanol serves as a crucial intermediate product in various industrial syntheses.
Major consumers encompass formaldehyde manufacturers, resin producers, and other methanol-based product manufacturers. Methanol's notable properties include its excellent solubility in water and low freezing point.