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PUBLISHER: IMARC | PRODUCT CODE: 1225558
PUBLISHER: IMARC | PRODUCT CODE: 1225558
Renewable Methanol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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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?
Product Code: SR1423A399_Report
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
- 9.1.1 United States
- 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
- 9.2.1 China
- 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
- 9.3.1 Germany
- 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
- 9.4.1 Brazil
- 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
- 14.3.1 Advanced Chemical Technologies
Product Code: SR1423A399_Report
List of Figures
- Figure 1: Global: Renewable Methanol Market: Major Drivers and Challenges
- Figure 2: Global: Renewable Methanol Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Renewable Methanol Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Renewable Methanol Market: Breakup by Feedstock (in %), 2022
- Figure 5: Global: Renewable Methanol Market: Breakup by Application (in %), 2022
- Figure 6: Global: Renewable Methanol Market: Breakup by End Use Industry (in %), 2022
- Figure 7: Global: Renewable Methanol Market: Breakup by Region (in %), 2022
- Figure 8: Global: Renewable Methanol (Agricultural Waste) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Renewable Methanol (Agricultural Waste) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Renewable Methanol (Forestry Residues) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Renewable Methanol (Forestry Residues) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Renewable Methanol (Municipal Solid Waste) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Renewable Methanol (Municipal Solid Waste) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Renewable Methanol (Co2 Emissions) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Renewable Methanol (Co2 Emissions) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Renewable Methanol (Other Feedstocks) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Renewable Methanol (Other Feedstocks) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Renewable Methanol (Formaldehyde) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Renewable Methanol (Formaldehyde) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Renewable Methanol (Dimethyl Ether (DME) and Methyl tert-Butyl Ether (MTBE)) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Renewable Methanol (Dimethyl Ether (DME) and Methyl tert-Butyl Ether (MTBE)) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Renewable Methanol (Gasoline) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Renewable Methanol (Gasoline) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Renewable Methanol (Solvents) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Renewable Methanol (Solvents) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Renewable Methanol (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Renewable Methanol (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Renewable Methanol (Chemicals) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Renewable Methanol (Chemicals) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Global: Renewable Methanol (Transportation) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Global: Renewable Methanol (Transportation) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Global: Renewable Methanol (Power Generation) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Global: Renewable Methanol (Power Generation) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Global: Renewable Methanol (Other End Use Industries) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Global: Renewable Methanol (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: North America: Renewable Methanol Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: North America: Renewable Methanol Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: United States: Renewable Methanol Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: United States: Renewable Methanol Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Canada: Renewable Methanol Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Canada: Renewable Methanol Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Asia-Pacific: Renewable Methanol Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Asia-Pacific: Renewable Methanol Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: China: Renewable Methanol Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: China: Renewable Methanol Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Japan: Renewable Methanol Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Japan: Renewable Methanol Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: India: Renewable Methanol Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: India: Renewable Methanol Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: South Korea: Renewable Methanol Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: South Korea: Renewable Methanol Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Australia: Renewable Methanol Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Australia: Renewable Methanol Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Indonesia: Renewable Methanol Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Indonesia: Renewable Methanol Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Others: Renewable Methanol Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Others: Renewable Methanol Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Europe: Renewable Methanol Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Europe: Renewable Methanol Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Germany: Renewable Methanol Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Germany: Renewable Methanol Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: France: Renewable Methanol Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: France: Renewable Methanol Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: United Kingdom: Renewable Methanol Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: United Kingdom: Renewable Methanol Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Italy: Renewable Methanol Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Italy: Renewable Methanol Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Spain: Renewable Methanol Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Spain: Renewable Methanol Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Russia: Renewable Methanol Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Russia: Renewable Methanol Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Others: Renewable Methanol Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Others: Renewable Methanol Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Latin America: Renewable Methanol Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Latin America: Renewable Methanol Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Brazil: Renewable Methanol Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: Brazil: Renewable Methanol Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 78: Mexico: Renewable Methanol Market: Sales Value (in Million US$), 2017 & 2022
- Figure 79: Mexico: Renewable Methanol Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 80: Others: Renewable Methanol Market: Sales Value (in Million US$), 2017 & 2022
- Figure 81: Others: Renewable Methanol Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 82: Middle East and Africa: Renewable Methanol Market: Sales Value (in Million US$), 2017 & 2022
- Figure 83: Middle East and Africa: Renewable Methanol Market: Breakup by Country (in %), 2022
- Figure 84: Middle East and Africa: Renewable Methanol Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 85: Global: Renewable Methanol Industry: SWOT Analysis
- Figure 86: Global: Renewable Methanol Industry: Value Chain Analysis
- Figure 87: Global: Renewable Methanol Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Renewable Methanol Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Renewable Methanol Market Forecast: Breakup by Feedstock (in Million US$), 2023-2028
- Table 3: Global: Renewable Methanol Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 4: Global: Renewable Methanol Market Forecast: Breakup by End Use Industry (in Million US$), 2023-2028
- Table 5: Global: Renewable Methanol Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Renewable Methanol Market: Competitive Structure
- Table 7: Global: Renewable Methanol Market: Key Player
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