In 2023, Belgium's production of methanol stood at 2.4 million kilograms. The forecasted data from 2024 to 2028 indicates an upward trend in methanol production. Year-on-year, Belgium is expected to see increases of approximately 7.1% in 2025, 6.6% in 2026, 6.1% in 2027, and 5.7% in 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is projected to be around 6.4%.
Future trends to watch for:
- Technological advancements in production processes
- Regulatory changes affecting chemical industries
- Market demand shifts, especially in automotive and energy sectors
- Global supply chain disruptions and raw material availability
