Renewable Methanol Market Insights Video

According to Cognitive Market Research, the global renewable methanol market size was USD 631.8 million in 2024. It will expand at a compound annual growth rate (CAGR) of 55.80% from 2024 to 2031.

• North America held the major market share for more than 40% of the global revenue with a market size of USD 252.72 million in 2024 and will grow at a compound annual growth rate (CAGR) of 54.0% from 2024 to 2031.
• Europe accounted for a market share of over 30% of the global revenue with a market size of USD 189.54 million.
• Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 145.31 million in 2024 and will grow at a compound annual growth rate (CAGR) of 57.8% from 2024 to 2031.
• Latin America had a market share of more than 5% of the global revenue with a market size of USD 31.59 million in 2024 and will grow at a compound annual growth rate (CAGR) of 55.2% from 2024 to 2031.
• Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 12.64 million in 2024 and will grow at a compound annual growth rate (CAGR) of 55.5% from 2024 to 2031.
• The formaldehyde end-use industry category is the fastest-growing segment of the renewable methanol industry.