Global Renewable Methanol Market to Grow by 5.5% by 2031

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 methanol market is projected to reach a value of USD 43.68 Billion by 2030, with a CAGR of 4.5% between 2023 and 2030. 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.