Renewable Methanol Market Size and Forecast by 2026 researchcmfe.com
The global Renewable Methanol Market is projected to grow at a CAGR of 7.1% to reach USD 323.3 million by 2026 from 200 million in 2019. Methanol, an organic compound that belongs to the alcohol family and it is also one of the most-produced organic chemicals. Rising investment in renewable energy sources, rising concerns over environmental emissions, and government grants are proliferating the demand for renewable methanol plants. The Renewable Methanol market is also growing on account of environmental concerns regarding reducing greenhouse gas emissions and effective utilization of waste. Various governing bodies and organizations across the world are thus investing heavily in renewable energy sources for reducing carbon emissions and also to ensure a stable and secure energy supply.
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