Global Renewable Methanol Market and Methanol Market: Growth and Challenges

The global renewable methanol market is expected to grow at a CAGR of 5.5% by 2031, driven by the demand for energy and favorable regulatory policies. Asia Pacific, particularly China, was the largest market in 2016. The global methanol market is projected to grow by USD, with Asia Pacific dominating the market. The methanol market is driven by its use as an alternative fuel, its role in petrochemical production, and its potential for contributing to a more sustainable future. However, challenges include fluctuating feedstock prices and environmental concerns.