Product Code: SR1423A399_Report
The global renewable methanol market size reached US$ 3.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.8 Billion by 2028, exhibiting a growth rate (CAGR) of 5.61% during 2023-2028.
Renewable methanol (CH3OH) is an organic compound produced from unconventional energy sources and renewable feedstocks. It is derived from sustainable biomass, such as industrial, agricultural, forest, and municipal waste, or synthesized using green hydrogen and carbon dioxide (CO2). Renewable methanol is widely used in plastics for packaging, glues, adsorbents, diapers, paints, adhesives, solvents, and biodiesel production. Furthermore, it is an excellent industrial solvent and is widely used as a feedstock in the chemical industry to produce formaldehyde, dimethyl ether (DME), and methyl tertiary butyl ether (MTBE). In comparison to conventional methanol, renewable methanol is an ultra-low carbon chemical with a high-octane rating that assists in mitigating various environmental concerns. As a result, it finds extensive applications across the chemical, transportation, power generation, and construction industries.
Renewable Methanol Market Trends:
- The increasing environmental consciousness among the masses is one of the key factors driving the market growth. Renewable methanol helps in reducing emission levels of particulate matter and greenhouse gases (GHG), such as carbon dioxide, nitrous oxide, and sulfur dioxide. Furthermore, rising product utilization as a gasoline additive and substitute due to high octane rating, knocking resistance, and oxygen content is acting as another growth-inducing factor. Additionally, the introduction of microwave and non-thermal plasma and magnetic induction-based reactors for selective conversion of carbon dioxide to renewable methanol at minimum energy consumption and lower production costs is providing an impetus to market growth. Moreover, the implementation of various government initiatives and international agreements to reduce pollution and achieve a climate-neutral world is creating a positive outlook for the market. Other factors, including the increasing demand for formaldehyde production, shifting trends toward sustainable energy sources, and widespread compound utilization as marine fuel, are anticipated to drive the market growth.
Key Market Segmentation:
- IMARC Group provides an analysis of the key trends in each sub-segment of the global renewable methanol market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on feedstock, application and end use industry.
Breakup by Feedstock:
- Agricultural Waste
- Forestry Residues
- Municipal Solid Waste
- Co2 Emissions
- Others
Breakup by Application:
- Formaldehyde
- Dimethyl Ether (DME) and Methyl tert-Butyl Ether (MTBE)
- Gasoline
- Solvents
- Others
Breakup by End Use Industry:
- Chemicals
- Transportation
- Power Generation
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
- The competitive landscape of the industry has also been examined along with the profiles of the key players being Advanced Chemical Technologies, Advent Technologies A/S, BASF SE, Blue Fuel Energy Corporation, Carbon Recycling International, Enerkem, Methanex Corporation, Methanol Holdings (Trinidad) Limited (Proman AG), Nordic Green Aps, OCI N.V. and Sodra Skogsagarna.
- Key Questions Answered in This Report
- 1. What was the size of the global renewable methanol market in 2022?
- 2. What is the expected growth rate of the global renewable methanol market during 2023-2028?
- 3. What are the key factors driving the global renewable methanol market?
- 4. What has been the impact of COVID-19 on the global renewable methanol market?
- 5. What is the breakup of the global renewable methanol market based on the feedstock?
- 6. What is the breakup of the global renewable methanol market based on the application?
- 7. What is the breakup of the global renewable methanol market based on the end use industry?
- 8. What are the key regions in the global renewable methanol market?
- 9. Who are the key players/companies in the global renewable methanol market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Renewable Methanol Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Feedstock
- 6.1 Agricultural Waste
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Forestry Residues
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Municipal Solid Waste
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Co2 Emissions
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Others
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
7 Market Breakup by Application
- 7.1 Formaldehyde
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Dimethyl Ether (DME) and Methyl tert-Butyl Ether (MTBE)
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Gasoline
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Solvents
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Others
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
8 Market Breakup by End Use Industry
- 8.1 Chemicals
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Transportation
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Power Generation
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Others
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Advanced Chemical Technologies
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 Advent Technologies A/S
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 BASF SE
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.3.4 SWOT Analysis
- 14.3.4 Blue Fuel Energy Corporation
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 Carbon Recycling International
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 Enerkem
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 SWOT Analysis
- 14.3.7 Methanex Corporation
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.7.4 SWOT Analysis
- 14.3.8 Methanol Holdings (Trinidad) Limited (Proman AG)
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Nordic Green Aps
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 OCI N.V.
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.11 Sodra Skogsagarna
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio