Renewable Methanol and Methanol Market Growth

The global renewable methanol market is projected to grow at a CAGR of 5.5% by 2031, driven by the demand for energy and favorable regulatory policies. The market is led by Asia Pacific, particularly China, while Europe is projected to gain significant market share by 2023. The methanol market is forecasted to grow by USD and is driven by rising demand for formaldehyde and its derivatives, increasing adoption of mto technology, and increasing demand for chemicals in APAC. 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. Innospec Inc. has joined the Diesel Technology Forum, a not-for-profit organization dedicated to raising awareness about the role of diesel engines, equipment, and fuels. The global Methanol Market is projected to reach a market value of USD 44.82 Billion by 2032, growing at a CAGR of 3.4% during the forecast period.