The surging demand for green methanol as a fuel and feedstock, rising concerns about climate change, and the increase in government regulations promoting the use of renewable fuels are the key factors boosting the global green methanol market.
High production costs and the easy availability of feedstock are some key challenges the global green methanol market faces.
Currently, the automotive industry is leading the end-use segment of the global green methanol market and is expected to remain on the top throughout the forecast period.
Orsted, Maersk, Perstorp, Renewable Hydrogen Canada, Siemens, Porshe, HIF Goldwind Technology, Dow, and Green Technology Bank are the key players in the global green methanol market.
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