Renewable Methanol Market Size, Price Trends, Analysis to 2022-27
The latest research study by IMARC Group, “Renewable Methanol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” offers a comprehensive analysis of the industry, which comprises insights on global renewable methanol market price . The market reached US$ 3.16 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.5 Billion by 2027, exhibiting a growth rate (CAGR) of 5.75% during 2022-2027. Renewable methanol represents an organic compound produced from unconventional energy sources and renewable feedstocks. It is usually derived from sustainable biomass, such as agricultural, industrial, forest, and municipal waste, or synthesized using green hydrogen and carbon dioxide. Renewable methanol is extensively used in plastics for glues, adsorbents, packaging, diapers, paints, adhesives, solvents, biodiesel production, etc. It is an excellent industrial solvent and finds wide-ranging applications as a feedstock in the chemic