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Renewable Methanol Market by Feedstock, Application and End-User Industry: Global Opportunity Analysis and Industry Forecast, 2020-2027

  • ID: 5125525
  • Report
  • May 2020
  • Region: Global
  • 272 Pages
  • Allied Analytics LLP

FEATURED COMPANIES

  • BASF SE
  • Enerkem
  • Fraunhofer
  • Innogy
  • Nordic Green
  • OCI N.V.
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
  • 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
Frequently Asked Questions about the Global Renewable Methanol Market

What is the estimated value of the Global Renewable Methanol Market?

The Global Renewable Methanol Market was estimated to be valued at $3.3 billion in 2019.

What is the growth rate of the Global Renewable Methanol Market?

The growth rate of the Global Renewable Methanol Market is 6.1%, with an estimated value of $5.3 billion by 2027.

What is the forecasted size of the Global Renewable Methanol Market?

The Global Renewable Methanol Market is estimated to be worth $5.3 billion by 2027.

Who are the key companies in the Global Renewable Methanol Market?

Key companies in the Global Renewable Methanol Market include Advanced Chemical Technologies, BASF SE, Carbon Recycling International (CRI), Enerkem, Fraunhofer, Innogy, Nordic Green, OCI N.V. and Sodra..
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • BASF SE
  • Enerkem
  • Fraunhofer
  • Innogy
  • Nordic Green
  • OCI N.V.

Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits for Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models
Chapter 2: Executive Summary
2.1. CXO Perspective
Chapter 3: Market Landscape
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.3. Porter's Five Forces Analysis
3.3.1. Bargaining Power of Suppliers
3.3.2. Threat of New Entrants
3.3.3. Threat of Substitutes
3.3.4. Competitive Rivalry
3.3.5. Bargaining Power Among Buyers
3.4. Market Dynamics
3.4.1. Drivers
3.4.1.1. Rise in the Demand for Sustainable Energy Source
3.4.1.2. Easy Availability of Renewable Methanol
3.4.1.3. Stringent Government Regulation
3.4.2. Restraint
3.4.2.1. High Installation Cost
3.4.3. Opportunities
3.4.3.1. Substitution of Heave Marine Fuels With Renewable Methanol
3.5. Regulatory Framework
3.6. Patent Analysis
3.6.1. By Region (2012-2019)
3.7. Value Chain Analysis
Chapter 4: Global Renewable Methanol Market, by Feedstock
4.1. Overview
4.1.1. Market Size and Forecast
4.2. Agricultural Waste
4.2.1. Key Market Trends, Growth Factors, and Opportunities
4.2.2. Market Size and Forecast, by Region
4.3. Forestry Residues
4.3.1. Key Market Trends, Growth Factors, and Opportunities
4.3.2. Market Size and Forecast, by Region
4.4. Municipal Solid Waste
4.4.1. Key Market Trends, Growth Factors, and Opportunities
4.4.2. Market Size and Forecast, by Region
4.5. Co2 Emission
4.5.1. Key Market Trends, Growth Factors, and Opportunities
4.5.2. Market Size and Forecast, by Region
4.6. Others
4.6.1. Key Market Trends, Growth Factors, and Opportunities
4.6.2. Market Size and Forecast, by Region
Chapter 5: Europe Renewable Methanol Market, by Application
5.1. Overview
5.1.1. Market Size and Forecast
5.2. Formaldehyde
5.2.1. Key Market Trends, Growth Factors, and Opportunities
5.2.2. Market Size and Forecast, by Region
5.3. Dimethyl Ether (Dme, Also Known as Methoxymethane) and Methyl Tert-Butyl Ether (Mtbe)
5.3.1. Key Market Trends, Growth Factors, and Opportunities
5.3.2. Market Size and Forecast, by Region
5.4. Gasoline
5.4.1. Key Market Trends, Growth Factors, and Opportunities
5.4.2. Market Size and Forecast, by Region
5.5. Solvent
5.5.1. Key Market Trends, Growth Factors, and Opportunities
5.5.2. Market Size and Forecast, by Region
5.6. Others
5.6.1. Key Market Trends, Growth Factors, and Opportunities
5.6.2. Market Size and Forecast, by Region
Chapter 6: Europe Renewable Methanol Market, by End-User Industry
6.1. Overview
6.1.1. Market Size and Forecast
6.2. Chemical
6.2.1. Key Market Trends, Growth Factors, and Opportunities
6.2.2. Market Size and Forecast, by Region
6.3. Transportation
6.3.1. Key Market Trends, Growth Factors, and Opportunities
6.3.2. Market Size and Forecast, by Region
6.4. Power Generation
6.4.1. Key Market Trends, Growth Factors, and Opportunities
6.4.2. Market Size and Forecast, by Region
6.5. Others
6.5.1. Key Market Trends, Growth Factors, and Opportunities
6.5.2. Market Size and Forecast, by Region
Chapter 7: Renewable Methanol Market, by Region
7.1. Overview
7.2. North America
7.2.1. Key Market Trends, Growth Factors, and Opportunities
7.2.2. Market Size and Forecast, by Feedstock
7.2.3. Market Size and Forecast, by Application
7.2.4. Market Size and Forecast, by End-User Industry
7.2.5. Market Share Analysis, by Region
7.2.6. U. S.
7.2.6.1. Market Size and Forecast, by Feedstock
7.2.6.2. Market Size and Forecast, by Application
7.2.6.3. Market Size and Forecast, by End-User Industry
7.2.7. Canada
7.2.7.1. Market Size and Forecast, by Feedstock
7.2.7.2. Market Size and Forecast, by Application
7.2.7.3. Market Size and Forecast, by End-User Industry
7.2.8. Mexico
7.2.8.1. Market Size and Forecast, by Feedstock
7.2.8.2. Market Size and Forecast, by Application
7.2.8.3. Market Size and Forecast, by End-User Industry
7.3. Europe
7.3.1. Key Market Trends, Growth Factors, and Opportunities
7.3.2. Market Size and Forecast, by Feedstock
7.3.3. Market Size and Forecast, by Application
7.3.4. Market Size and Forecast, by End-User Industry
7.3.5. Market Share Analysis, by Region
7.3.6. Germany
7.3.6.1. Market Size and Forecast, by Feedstock
7.3.6.2. Market Size and Forecast, by Application
7.3.6.3. Market Size and Forecast, by End-User Industry
7.3.7. UK
7.3.7.1. Market Size and Forecast, by Feedstock
7.3.7.2. Market Size and Forecast, by Application
7.3.7.3. Market Size and Forecast, by End-User Industry
7.3.8. Sweden
7.3.8.1. Market Size and Forecast, by Feedstock
7.3.8.2. Market Size and Forecast, by Application
7.3.8.3. Market Size and Forecast, by End-User Industry
7.3.9. Denmark
7.3.9.1. Market Size and Forecast, by Feedstock
7.3.9.2. Market Size and Forecast, by Application
7.3.9.3. Market Size and Forecast, by End-User Industry
7.3.10. France
7.3.10.1. Market Size and Forecast, by Feedstock
7.3.10.2. Market Size and Forecast, by Application
7.3.10.3. Market Size and Forecast, by End-User Industry
7.3.11. Italy
7.3.11.1. Market Size and Forecast, by Feedstock
7.3.11.2. Market Size and Forecast, by Application
7.3.11.3. Market Size and Forecast, by End-User Industry
7.3.12. Spain
7.3.12.1. Market Size and Forecast, by Feedstock
7.3.12.2. Market Size and Forecast, by Application
7.3.12.3. Market Size and Forecast, by End-User Industry
7.3.13. Rest of Europe
7.3.13.1. Market Size and Forecast, by Feedstock
7.3.13.2. Market Size and Forecast, by Application
7.3.13.3. Market Size and Forecast, by End-User Industry
7.4. Asia-Pacific
7.4.1. Key Market Trends, Growth Factors, and Opportunities
7.4.2. Market Size and Forecast, by Feedstock
7.4.3. Market Size and Forecast, by Application
7.4.4. Market Size and Forecast, by End-User Industry
7.4.5. Market Share Analysis, by Region
7.4.6. China
7.4.6.1. Market Size and Forecast, by Feedstock
7.4.6.2. Market Size and Forecast, by Application
7.4.6.3. Market Size and Forecast, by End-User Industry
7.4.7. Japan
7.4.7.1. Market Size and Forecast, by Feedstock
7.4.7.2. Market Size and Forecast, by Application
7.4.7.3. Market Size and Forecast, by End-User Industry
7.4.8. India
7.4.8.1. Market Size and Forecast, by Feedstock
7.4.8.2. Market Size and Forecast, by Application
7.4.8.3. Market Size and Forecast, by End-User Industry
7.4.9. Australia
7.4.9.1. Market Size and Forecast, by Feedstock
7.4.9.2. Market Size and Forecast, by Application
7.4.9.3. Market Size and Forecast, by End-User Industry
7.4.10. South Korea
7.4.10.1. Market Size and Forecast, by Feedstock
7.4.10.2. Market Size and Forecast, by Application
7.4.10.3. Market Size and Forecast, by End-User Industry
7.4.11. Rest of Asia-Pacific
7.4.11.1. Market Size and Forecast, by Feedstock
7.4.11.2. Market Size and Forecast, by Application
7.4.11.3. Market Size and Forecast, by End-User Industry
7.5. LAMEA
7.5.1. Key Market Trends, Growth Factors, and Opportunities
7.5.2. Market Size and Forecast, by Feedstock
7.5.3. Market Size and Forecast, by Application
7.5.4. Market Size and Forecast, by End-User Industry
7.5.5. Market Share Analysis, by Region
7.5.6. Brazil
7.5.6.1. Market Size and Forecast, by Feedstock
7.5.6.2. Market Size and Forecast, by Application
7.5.6.3. Market Size and Forecast, by End-User Industry
7.5.7. Saudi Arabia
7.5.7.1. Market Size and Forecast, by Feedstock
7.5.7.2. Market Size and Forecast, by Application
7.5.7.3. Market Size and Forecast, by End-User Industry
7.5.8. South Africa
7.5.8.1. Market Size and Forecast, by Feedstock
7.5.8.2. Market Size and Forecast, by Application
7.5.8.3. Market Size and Forecast, by End-User Industry
7.5.9. Rest of LAMEA
7.5.9.1. Market Size and Forecast, by Feedstock
7.5.9.2. Market Size and Forecast, by Application
7.5.9.3. Market Size and Forecast, by End-User Industry
Chapter 8: Competitive Landscape
8.1. Introduction
8.2. Product Mapping of Top 10 Players
8.3. Competitive Heatmap
8.4. Key Development
8.4.1. Agreement
8.4.2. Business Expansion
Chapter 9: Company Profiles
9.1. Advanced Chemical Technologies
9.1.1. Company Overview
9.1.2. Company Snapshot
9.1.3. Operating Business Segments
9.1.4. Product Portfolio
9.1.5. Business Performance
9.1.6. Key Strategic Moves and Developments
9.2. Basf Se
9.2.1. Company Overview
9.2.2. Company Snapshot
9.2.3. Operating Business Segments
9.2.4. Product Portfolio
9.2.5. Business Performance
9.2.6. Key Strategic Moves and Developments
9.3. Carbon Recycling International (Cri)
9.3.1. Company Overview
9.3.2. Company Snapshot
9.3.3. Operating Business Segments
9.3.4. Product Portfolio
9.3.5. Key Strategic Moves and Developments
9.4. Enerkem
9.4.1. Company Overview
9.4.2. Company Snapshot
9.4.3. Operating Business Segments
9.4.4. Product Portfolio
9.4.5. Key Strategic Moves and Developments
9.5. Fraunhofer
9.5.1. Company Overview
9.5.2. Company Snapshot
9.5.3. Operating Business Segments
9.5.4. Product Portfolio
9.5.5. Business Performance
9.6. Innogy
9.6.1. Company Overview
9.6.2. Company Snapshot
9.6.3. Operating Business Segments
9.6.4. Product Portfolio
9.6.5. Business Performance
9.7. Nordic Green
9.7.1. Company Overview
9.7.2. Company Snapshot
9.7.3. Operating Business Segments
9.7.4. Product Portfolio
9.8. Oci N. V.
9.8.1. Company Overview
9.8.2. Company Snapshot
9.8.3. Operating Business Segments
9.8.4. Product Portfolio
9.8.5. Business Performance
9.8.6. Key Strategic Moves and Developments
9.9. Serenergy A/S
9.9.1. Company Overview
9.9.2. Company Snapshot
9.9.3. Operating Business Segments
9.9.4. Product Portfolio
9.10. Sodra
9.10.1. Company Overview
9.10.2. Company Snapshot
9.10.3. Operating Business Segments
9.10.4. Product Portfolio
9.10.5. Business Performance
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • BASF SE
  • Enerkem
  • Fraunhofer
  • Innogy
  • Nordic Green
  • OCI N.V.
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.
Note: Product cover images may vary from those shown
  • Advanced Chemical Technologies
  • BASF SE
  • Carbon Recycling International (CRI)
  • Enerkem
  • Fraunhofer
  • Innogy
  • Nordic Green
  • OCI N.V.
  • Serenergy A/S
  • Sodra.
Note: Product cover images may vary from those shown

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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