In 2023, the renewable methanol industry is anticipated to reach USD 210.1 million and is projected to grow to USD 398.1 million by 2033. Renewable methanol finds significant applications in the chemical sector for producing acetic acid, formaldehyde, and plastics, driving its demand upward over the forecast period. Increasingly, biomethanol is being utilized in the …
Tag Archives: Renewable Methanol Industry
Renewable Methanol Industry: Projected to Surpass USD 398.1 Million by 2033, with a CAGR of 6.6%
According to forecasts, the renewable methanol industry is expected to be US$ 210.1 million in 2023 and USD 398.1 million by 2033. As it is used in the chemical sector to make acetic acid, formaldehyde, and plastics, there is expected to be an increase in demand for renewable methanol throughout the projection period. To produce polyethylene …