Renewable Methanol Market

Renewable Methanol Market, By Primary Source (Biomass, Municipal Waste, Industrial Waste, and Others), By Application (Formaldehyde, Methyl Tert-butyl Ether (MTBE), Gasoline, Dimethyl Ether, Solvents, and Others), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, Africa) - Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030

Renewable methanol is derived from renewable sources such as biomass, municipal waste, and industrial CO2. It is considered as a second-generation biofuel. Renewable methanol can be used as a transportation fuel or as feedstock in chemicals. This fuel emits less amount of carbon emissions and can be used with motor fuels in order to improve their octane number. Power generation, manufacturing industries, and transportation are some of the major end users of renewable methanol.

Market Dynamics

The renewable methanol market has witnessed growth in the recent few years. The growing use of fuel-blended renewable methanol is expected to be a major market trend. According to the Coherent Market Insights analysis, China and Japan had passed various policies mandating the use of fuel blended with renewable methanol by the end of 2022. Thus the growing use of fuel-blended renewable methanol is expected to augment the market growth over the forecast period.

Partnerships and collaborations are a major trend observed in the market due to the growing focus of manufacturers to expand their product portfolios and presence at the regional and global levels. For instance, A.P. Moller – Maersk a company which deals with transportation services, logistics & supply chain and digital solutions decided to boost the global production capacity of green methanol and for that in year 2022 it has entered in strategic partnerships with six leading companies with the intent of sourcing at least 730,000 tonnes/year by end of 2025.

Key features of the study:

• This report provides an in-depth analysis of renewable methanol market size (US$ Million), and Compound Annual Growth Rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights into market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading players
• It profiles leading players in the renewable methanol market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• The key companies covered as a part of this study include Methanex Corporation, Carbon Recycling International, BioMCN, Enerkem, Chemrec Inc., and Varmlands Methanol.
• Insights from this report would allow marketers and the management authorities of companies to make informed decisions regarding their future product launches, technology upgrade, market expansion, and marketing tactics
• The renewable methanol market report caters to various stakeholders in this industry including investors, suppliers, renewable methanol manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the renewable methanol market

Detailed Segmentation:

•Global Renewable Methanol Market, By Primary Source:

• Biomass
• Municipal Waste
• Industrial Waste
• Others

•Global Renewable Methanol Market, By Application:

• Formaldehyde
• Methyl Tert-butyl Ether (MTBE)
• Gasoline
• Dimethyl Ether
• Solvents
• Others
• Global Renewable Methanol Market, By Region:
• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• ASEAN
• Australia
• South Korea
• Rest of Asia Pacific
• Latin America
• Brazil
• Mexico
• Rest of Latin America
• Middle East
• GCC
• Israel
• Rest of Middle East
• Africa
• Central Africa
• South Africa
• Company Profiles
• Methanex Corporation
• Carbon Recycling International
• BioMCN
• Enerkem
• Chemrec Inc.
• Varmlands Methanol