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Share this article Share this article ResearchAndMarkets.com s offering. 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.

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