Pune, India, Jan. 23, 2023 (GLOBE NEWSWIRE) According to Fortune Business Insights™, the global methanol market size is set to gain traction from the urgent need to lower environmental pollution caused by the surging usage of heav.
/PRNewswire/ The "Global Renewable Methanol Market 2022-2028" report has been added to ResearchAndMarkets.com s offering. As per the publisher s research.
Methanol Market to Hit USD 39 18 Billion Forecast 2028; globenewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globenewswire.com Daily Mail and Mail on Sunday newspapers.
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Global market for renewable methanol, predicts that the industry is likely to witness a CAGR of 3.16% by revenue and 2.08% by volume over the forecasting duration of 2021-2028.
There has been a growing inclination towards the adoption of sustainable energy sources, which is one of the major growth-inducing factors for this market. Plus, the rigid governmental rules & regulations and the availability of renewable methanol are contributing to this growth. However, factors like the high costs required for the installation of these sources are hindering this growth process. Despite this, the industry has several opportunities for growth, which includes the usage of renewable methanol as a substitute to heave marine fuels.