Renewable Methanol Market Size - By Feedstock, By Application, End Use Regional Outlook, Competitive Strategies and Segment Forecast to 2032
Global Renewable Methanol Market Overview
According to SPER Market Research, the Global Renewable Methanol Market is estimated to reach USD 7.07 billion by 2032 with a CAGR of 6.04%. Renewable methanol is a type of methanol made from renewable resources such as biomass, waste materials, and CO2 from industrial processes or the atmosphere. Apart from conventional methanol, which is typically derived from fossil fuels such as natural gas or coal, renewable methanol is regarded as a low-carbon and sustainable alternative. It is a crucial component in the manufacturing of biodiesel, which may then be used as a chemical feedstock or mixed with car fuel.
Impact of COVID-19 on the Global Renewable Methanol MarketThe growth of the methanol industry has been negatively impacted by the COVID-19 pandemic, as building operations have been interrupted and expansion of plants and factories has been halted. The closure of national and international borders has also affected the efficiency of value chains in various sectors, including construction, paints & coatings, electronics, and packaging. Despite these challenges, the demand for methanol products in the pharmaceutical sector is expected to drive market expansion in the coming years.
Scope of the report:Report Metric Details
Market size available for years 2019-2032
Base year considered 2021
Forecast period 2022-2032
Segments covered By Feedstock, By Application, By End Use
Regions covered Asia Pacific, Europe, Middle East and Africa, North America, Latin America
Companies Covered Advanced Chemicals Technologies, BASF SE, Carbon Recycling International (CRI), ENERKEM, Fraunhofer, Innogy, Nordic Green, OCI N.V., SERENERGY A/S, SODRA
Global Renewable Methanol Market Segmentation:
By Feedstock: Based on the Feedstock, Global Renewable Methanol Market is segmented as; Agricultural Waste, Forestry Residues, Municipal Solid Waste, Co2 Emissions, Others
By Application: Based on the Application, Global Renewable Methanol Market is segmented as; Formaldehyde, Dimethyl ether, Gasoline. Solvents, others
By End Use: Based on the End Use, Global Renewable Methanol Market is segmented as; Chemicals, Transportation, Power Generation, Others