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2025-08-14 07:35:26 -

Renewable Methanol Market Supported by Advancements in Power-to-X Process

The global renewable methanol market size was valued at USD 622.26 million in 2022 and is projected to reach USD 20.68 billion by 2030, expanding at a robust CAGR of 55.0% from 2023 to 2030. This remarkable growth is primarily driven by the rising adoption of renewable methanol in formaldehyde and mineral turpentine oil (MTO), both of which are key chemical compounds in the chemical...

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