The methanol market in Denmark has seen fluctuations in volume over the past decade. From a high point in 2015 at 55.782 million kilograms, the volume saw a decline until 2019 but rebounded significantly in 2020 with a 10.06% increase. The most recent actual data from 2023 indicates a modest increase to 54.885 million kilograms, marking a year-on-year growth of 1.04% and an average CAGR over the past five years of 1.43%.
The forecast for the next five years suggests a positive but moderate growth trajectory, with a CAGR of 0.77% and an expected volume to reach 57.621 million kilograms by 2028, representing an overall growth of 3.93% over this period.
Future trends to watch for include:
- Advancements in renewable methanol production and its adoption.
- Regulatory changes impacting methanol use and production.
- Innovations in methanol applications across different industries.
