The global renewable methanol market was valued at $3.3 billion in 2019, and is projected to reach $5.3 billion by 2027, registering a CAGR of 5.8%. Renewable methanol is a second-generation methanol derived from renewable energy sources, mainly from biomass and industrial wastage. Stringent environmental regulations to reduce the impact of carbon dioxide fuels the demand for renewable methanol in the transportation and industrial sectors.
Furthermore, increasing use of high-octane fuel ethers such as Methyl-tert-butyl-ether (MTBE) in the production of biodiesel are likely to witness growth. This factor is also increasing use of renewable methanol. Moreover, growth in demand for production of formaldehyde from methanol is expected to drive the renewable methanol market with major applications in paints & coatings and construction. However, a lack of infrastructural setups is expected to hinder the market growth. On the contrary, conversion of agricultural and industrial wastages into renewable methanol is expected to create potential growth opportunities for the market in the coming years.
The global renewable methanol market is segmented on the basis of feedstock, application, end-user industry, and region. Based on feedstock, the market is segmented into agricultural waste, forestry residues, municipal solid waste, Co2 emissions, and others. On the basis of application, the market is fragmented into formaldehyde, dimethyl ether (DME, also known as methoxymethane) and methyl tert-Butyl Ether (MTBE), gasoline, solvents, and others. Based on end-user industry the market is bifurcated into chemicals, transportation, power generation, and others. Region wise, the market is analyzed across North America, Asia-Pacific, Europe, and LAMEA.
The top market players analyzed in the global renewable methanol market include Advanced Chemical Technologies, BASF SE, Carbon Recycling International (CRI), Enerkem, Fraunhofer, Innogy, Nordic Green, OCI N.V., Serenergy A/S, and Sodra.
Key benefits for stakeholders
KEY MARKET SEGMENTS
BY Feedstock
BY Application
BY End-User Industry
By Region
Furthermore, increasing use of high-octane fuel ethers such as Methyl-tert-butyl-ether (MTBE) in the production of biodiesel are likely to witness growth. This factor is also increasing use of renewable methanol. Moreover, growth in demand for production of formaldehyde from methanol is expected to drive the renewable methanol market with major applications in paints & coatings and construction. However, a lack of infrastructural setups is expected to hinder the market growth. On the contrary, conversion of agricultural and industrial wastages into renewable methanol is expected to create potential growth opportunities for the market in the coming years.
The global renewable methanol market is segmented on the basis of feedstock, application, end-user industry, and region. Based on feedstock, the market is segmented into agricultural waste, forestry residues, municipal solid waste, Co2 emissions, and others. On the basis of application, the market is fragmented into formaldehyde, dimethyl ether (DME, also known as methoxymethane) and methyl tert-Butyl Ether (MTBE), gasoline, solvents, and others. Based on end-user industry the market is bifurcated into chemicals, transportation, power generation, and others. Region wise, the market is analyzed across North America, Asia-Pacific, Europe, and LAMEA.
The top market players analyzed in the global renewable methanol market include Advanced Chemical Technologies, BASF SE, Carbon Recycling International (CRI), Enerkem, Fraunhofer, Innogy, Nordic Green, OCI N.V., Serenergy A/S, and Sodra.
Key benefits for stakeholders
- The report provides extensive qualitative and quantitative analyses of the current renewable methanol market trends and future estimations of the market size from 2019 to 2027 to determine the prevailing opportunities.
- Comprehensive analysis of factors that drive and restrict the growth of the market is provided.
- Estimations and forecast are based on factors impacting the market growth, in terms of both value and volume.
- Profiles of leading players operating in the renewable methanol market has been provided, and this helps in understanding the competitive scenario.
- The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable market growth.
- The renewable methanol market forecast is done from 2020-2027.
KEY MARKET SEGMENTS
BY Feedstock
- Agricultural Waste
- Forestry Residues
- Municipal Solid Waste
- Co2 Emissions
- Others
BY Application
- Formaldehyde
- Dimethyl Ether (DME, also known as Methoxymethane) and Methyl tert-Butyl Ether (MTBE)
- Gasoline
- Solvents
- Others
BY End-User Industry
- Chemicals
- Transportation
- Power Generation
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Denmark
- Spain
- Sweden
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Landscape
Chapter 4: Global Renewable Methanol Market, by Feedstock
Chapter 5: Europe Renewable Methanol Market, by Application
Chapter 6: Europe Renewable Methanol Market, by End-User Industry
Chapter 7: Renewable Methanol Market, by Region
Chapter 8: Competitive Landscape
Chapter 9: Company Profiles
Executive Summary
According to the report, titled 'Renewable Methanol Market by Feedstock, Application and End-User Industry: Opportunity Analysis and Industry Forecast, 2020-2027' the global renewable methanol market was valued at $3.3 billion in 2019, and is projected to reach $5.3 billion by 2027, registering a CAGR of 5.8%. Asia-Pacific is the major markets for renewable methanol owing to the favorable governmental amendments and increase in automobile applications. In addition, regulatory policies in Asia-Pacific for mandatory use of renewable methanol blends in automobile fuels are expected to augment its demand. Furthermore, the renewable methanol market has also gained traction from other economies like China and India in recent years and is likely to create growth opportunities in the coming years.The report on the renewable methanol market is segmented based on feedstock, application, end-user industry, and country. Based on feedstock, the market is segmented into Agricultural waste, forestry residues, municipal solid waste, Co2 emissions and others. The Co2 emission and agricultural waste segments are expected to witness significant CAGRs of 8.3% and 6.3%, respectively, during the forecast period.
Based on application, it includes, formaldehyde, Dimethyl ether (DME, also known as methoxymethane) and Methyl tert-Butyl Ether (MTBE), gasoline, solvents, and others. The formaldehyde and DME and MTBE segments collectively accounted for around 42.5% market share in 2019, with the former constituting around 25.9% share. The gasoline and formaldehyde segments are expected to witness significant CAGRs of 5.8% and 5.0%, respectively, during the forecast period.
Based on end-user industry, the report is categorized into chemicals, transportation, power generation, and others. The power generation and transportation segments renewable methanol market size is expected to grow with a significant CAGRs of 6.7% and 6.0%, respectively, during the forecast period.
The market players analyzed in the report include Advanced Chemical Technologies, BASF SE, Carbon Recycling International (CRI), Enerkem, Fraunhofer, Innogy, Nordic green, OCI N.V., Serenergy A/S, and Sodra. In order to stay competitive and increase renewable methanol market share, these market players are adopting different strategies such as expansion, product launch, partnership and merger and acquisition. In an instance, Advanced Chemical Technologies announced to start new production of methanol from carbon dioxide in the TransAlta Bluewater Energy Park from 2020. This will expand company’s market size targeting new customers segments.
Key Findings of the Study:
The Asia-Pacific and Europe collectively accounted for around 79.0% share in 2019, with the former constituting around 61.0% share.
The municipal solid waste and agricultural waste segments collectively accounted for around 63.0% market share in 2019, with the former constituting around 34.6% share.
The formaldehyde and DME and MTBE segments collectively accounted for around 42.5% market share in 2019, with the former constituting around 25.9% share.
The power generation and transportation segments are expected to witness significant CAGRs of 6.7% and 6.0%, respectively, during the forecast period.
Companies Mentioned
- Advanced Chemical Technologies
- BASF SE
- Carbon Recycling International (CRI)
- Enerkem
- Fraunhofer
- Innogy
- Nordic Green
- OCI N.V.
- Serenergy A/S
- Sodra.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 272 |
| Published | May 2020 |
| Forecast Period | 2019 - 2027 |
| Estimated Market Value ( USD | $ 3.3 billion |
| Forecasted Market Value ( USD | $ 5.3 billion |
| Compound Annual Growth Rate | 6.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
