Global Renewable Methanol Market | Growth, Analysis, Trends

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Global Renewable Methanol Market Growth Sustained
by Stringent Government Rules and Regulations
Inkwood Research estimates that the Global
Renewable Methanol Market is evaluated to project
a CAGR of 3.82 in terms of revenue and 2.55 in
terms of volume during the forecasting years of
2022-2030. "Browse 64 Market Data Tables and 44
Figures spread over 229 Pages, along with an
in-depth TOC on the Global Renewable Methanol
Market Forecast 2022-2030."
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Renewable methanol can be produced with the use
of renewable energy and renewable feedstock. The
growing need for renewable methanol is
facilitated by the need to mitigate climate
change through the elimination or reduction of
CO2 emissions, in addition to maintaining the
average global temperature increase to no more
than 1.5C.
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Strict Government Rules and Regulations to
Augment Market Growth
Stringent government regulations on carbon
dioxide as well as other greenhouse gas emissions
are projected to fuel the global market growth
for renewable methanol. As per a report by
Renewables Now, Europe's carbon dioxide emission
depreciated by 12. On the other hand, renewable
energy sources exceeded conventional energy
sources, including fossil fuels and coal.
Furthermore, the introduction of new renewable
energy policies in the European Union (EU)
Emissions Trading System is set to boost the
market for renewable energy sources, subsequently
bolstering the global renewable methanol market
growth.
Gasoline to be the Fastest-Growing
Application While numerous regulations support
the use of methanol for gasoline, a certain limit
has been established for its production. The
European fuel specification (EN228) and the
European Fuel Quality Directive (2009/30/EC)
permit a limit of up to 3 volume- of methanol in
gasoline. In addition, the European Union's 2050
energy strategy's primary objective is to
minimize greenhouse gas emissions by up to
95. As a result, renewable methanol is likely to
play a substantial role in terms of lessening
greenhouse gas emissions. Furthermore, a key
advantage of utilizing renewable methanol is its
capability to reduce greenhouse gas emissions
emerging from the transportation industry.
Europe set to Lead the Global Market by
2030 Europe is estimated to register significant
growth during the forecast period on account of
the proliferating wind and solar sector,
subsequently augmenting the need for power
generation. Renewable methanol is also expected
to play a vital role in offering cleaner energy
across the European continent. In addition,
electricity generation in Germany, primarily from
renewable energy sources, has increased, thus
accelerating the use of renewable methanol. On
the other hand, top players are also expanding
their business in the region through the adoption
of several strategies like partnerships and
agreements with other leading players. The degree
of competition in the global renewable methanol
market is expected to be moderately high during
the forecasting period. Some of the major
companies operating in the market include Innogy,
BASF SE, Nordic Green, etc.
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materials, healthcare, and energy, with an
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business environments. Our geographical analysis
comprises North South America, CEE, CIS, Middle
East, Europe, Asia, and Africa.
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