The methanol market volume in Belgium stood at 551.61 million kg in 2023, showing a minimal year-on-year variation of 0.07%. Over the previous two years, the methanol market demonstrated a slight decline, though overall stability. The compounded annual growth rate (CAGR) over the last five years shows an average annual decline of -1.46%. Looking forward, the market is expected to experience a stable growth rate, with the forecasted 5-year CAGR standing at 0.05% and an overall growth rate of 0.27% by 2028.

Future Trends to Watch For:

Sustainable and eco-friendly methanol production methods.
Adoption of methanol as a cleaner alternative in various industrial applications.
Potential impacts of regulatory changes in the chemical industry.