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North America Renewable Methanol Market Forecast 2022-2030


The North America renewable methanol market is predicted to develop with a CAGR of 3.92% in terms of revenue as well as 2.65% in terms of volume over the forecasting years of 2022 to 2030. The market growth of the region is propelled by the surge in the need for renewable fuels in the industrial sector, in addition to the increasing implementation of the renewable fuel standard (RFS) program for minimizing the impact of greenhouse gas emissions.


The North America renewable methanol market growth assessment entails the evaluation of Canada and the United States. In the United States' transport sector, the two leading technology options include liquid biofuels and electric vehicles (EVs). Furthermore, a transition in transportation modes, such as the use of high-speed trains with renewable power in place of diesel-fueled trucks and city trams for passenger cars, are other options propelling the need for renewable methanol in the country's transport sector.

In addition, Congress has established the renewable fuel standard (RFS) program in the United States in order to alleviate greenhouse gas emissions while expanding the national renewable fuels sector and minimizing the reliance on imported oil. The RFS necessitates minimum volumes of biofuels to be utilized within the national fuel transportation supply every year. The program also propels the development of renewable methanol coupled with various other alternative fuel sources. Hence, these factors are set to promote the renewable methanol market growth in North America over the forecast period.


Key companies operating in the market are BASF SE, Advanced Chemical Technologies, Fraunhofer, etc.

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North America Renewable Methanol Market Forecast 2022-2030
Published By :Inkwood Research
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