Biomethane Market is Poised to Reach $4.68 Billion by 2032 | Europe, and North America Captures 60% Market Share, Says Extrapolate
DUBAI, UAE, March 23, 2023 /PRNewswire/ -- According to the research report published by Extrapolate, the global Biomethane Market is estimated to attain a valuation of USD 4.68 billion by 2032 from USD 2.31 billion in 2022 at a CAGR of 7.32% from 2023 to 2032.
- With rural areas taking center stage, the market is poised to witness remarkable growth, projected to reach USD 4.68 billion by 2032.
- "Humans generate over 105 billion tons of organic waste globally yearly, releasing harmful methane and other greenhouse gas emissions as they decompose.
- Biomethane is best suited for end-use industries with limited low-carbon substitutes, such as high-temperature heating, petrochemical feedstock, heavy-duty transportation, and marine shipping.
- As per Extrapolate's study, Europe and North America collectively contribute over 60% to global biomethane production capacity.