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. Carbon dioxide is used instead of carbon monoxide in the manufacture of renewable methanol, which is comparable to that of conventional methanol. Because to the high hydrogen to carbon ratio, it has a high higher octane and reduces greenhouse gas emissions. The increase in carbon dioxide emissions together with strict environmental laws to lessen the effects of carbon dioxide are what are fuelling the growth of the worldwide renewable methanol market. This element is anticipated to increase demand for renewable methanol, which finds use in the transportation and manufacturing industries.
Moreover, it is anticipated that the production of renewable methanol from agricultural and industrial waste would present the industry with chances for future expansion. The main source of renewable methanol production is biomass. As a result of its use in different solvents and chemical feedstock, the market is anticipated to generate profitable growth prospects. Additionally, with increased demand from the automotive and transportation end-use industries, high-octane fuel ethers used in the manufacturing of biodiesel, such as Methyl-tert-butyl-ether (MTBE), are projected to see expansion. The market for renewable methanol is also anticipated to be driven by an increase in demand for the manufacturing of formaldehyde from methanol, which finds significant use in paints and coatings and construction. Nonetheless, a lack of infrastructure is anticipated to impede industry expansion.
Impact of COVID-19 on the Global Renewable Methanol Market
The 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.
Government restrictions and prohibitions implemented in response to the COVID-19 pandemic constrained the expansion of the methanol industry, due to factors such as a lack of raw materials, restricted working hours and labor force, decreased demand, and limited financial resources. However, since the middle of the previous year when the pandemic began to recede, the chemical and petrochemical sectors have been recovering. Although there is still pressure on the methanol market due to the exponential increase in chemical demand in end-user industries, the industry is anticipated to develop.
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
|
Target Audience:
- Renewable methanol producers and suppliers
- Chemical companies and manufacturers
- Energy companies and utilities
- Research organizations and academic institutions
- Automotive and transportation industries
- Environmental organizations
Global Renewable Methanol Market Segmentation:
1. By Feedstock:
- Agricultural Waste
- Forestry Residues
- Municipal Solid Waste
- Co2 Emissions
- Other
2. By Application:
- Formaldehyde
- Dimethyl Ether
- Gasoline
- Solvents
- Others
3. By End Use:
- Chemicals
- Transportations
- Power Generation
- Others
4. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:- Global Renewable Methanol Market Size (FY’2019-FY’2032)
- Overview of Global Renewable Methanol Market
- Segmentation of Global Renewable Methanol Market By Feedstock (Agricultural Waste, Forestry Residues, Municipal Solid Waste, Co2 Emissions, others)
- Segmentation of Global Renewable Methanol Market By Application (Formaldehyde, Dimethyl ether, Gasoline. Solvents, others)
- Segmentation of Global Renewable Methanol Market By End-Use (Chemicals, Transportation, Power Generation, Others)
- Statistical Snap of Global Renewable Methanol Market
- Growth Analysis of Global Renewable Methanol Market
- Problems and Challenges in Global Renewable Methanol Market
- Competitive Landscape in the Global Renewable Methanol Market
- Impact of COVID-19 and Demonetization on Global Renewable Methanol Market
- Details on Recent Investment in Global Renewable Methanol Market
- Competitive Analysis of Global Renewable Methanol Market
- Global Renewable Methanol Market Key Players
- SWOT Analysis of Global Renewable Methanol Market
- Global Renewable Methanol Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Renewable Methanol Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Renewable Methanol Market Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Renewable Methanol Market
7. Global Renewable Methanol Market, By Feedstock, 2019-2032 (USD Million)
7.1 Agricultural Waste
7.2 Forestry Residues
7.3 Municipal Solid Waste
7.4 Co2 Emissions
7.5 Other
8. Global Renewable Methanol Market, By Application, 2019-2032 (USD Million)
8.1 Formaldehyde
8.2 Dimethyl Ether
8.3 Gasoline
8.4 Solvents
8.5 Others
9. Global Renewable Methanol Market, By End Use, 2019-2032 (USD Million)
9.1 Chemicals
9.2 Transportations
9.3 Power Generation
9.4 Others
10.Global Renewable Methanol Market, By Region, 2019-2032 (USD Million)
10.1 Global Renewable Methanol Market and Market Share by Region (2019-2025)
10.2 Global Renewable Methanol Market and Market Share by Region (2026-2032)
10.3 Asia-Pacific
10.3.1 Australia
10.3.2 China
10.3.3 India
10.3.4 Japan
10.3.5 South Korea
10.3.6 Rest of Asia-Pacific
10.4 Europe
10.4.1 France
10.4.2 Germany
10.4.3 Italy
10.4.4 Spain
10.4.5 United Kingdom
10.4.6 Rest of Europe
10.5 Middle East and Africa
10.5.1 Kingdom of Saudi Arabia
10.5.2 United Arab Emirates
10.5.3 Rest of Middle East & Africa
10.6 North America
10.6.1 Canada
10.6.2 Mexico
10.6.3 United States
10.7 Latin America
10.7.1 Argentina
10.7.2 Brazil
10.7.3 Rest of Latin America
11.Company Profiles
11.1 Advanced Chemical Technologies
11.1.1 Company details
11.1.2 Financial outlook
11.1.3 Product summary
11.1.4 Recent developments
11.2 BASF SE
11.2.1 Company details
11.2.2 Financial outlook
11.2.3 Product summary
11.2.4 Recent developments
11.3 Carbon Recycling International (CRI)
11.3.1 Company details
11.3.2 Financial outlook
11.3.3 Product summary
11.3.4 Recent developments
11.4 Enerkem
11.4.1 Company details
11.4.2 Financial outlook
11.4.3 Product summary
11.4.4 Recent developments
11.5 Innogy
11.5.1 Company details
11.5.2 Financial outlook
11.5.3 Product summary
11.5.4 Recent developments
11.6 Nordic Green
11.6.1 Company details
11.6.2 Financial outlook
11.6.3 Product summary
11.6.4 Recent developments
11.7 OCI N.V
11.7.1 Company details
11.7.2 Financial outlook
11.7.3 Product summary
11.7.4 Recent developments
11.8 Serenergy A/S
11.8.1 Company details
11.8.2 Financial outlook
11.8.3 Product summary
11.8.4 Recent developments
11.9 Sodra
11.9.1 Company details
11.9.2 Financial outlook
11.9.3 Product summary
11.9.4 Recent developments
12.List of Abbreviations
13.Reference Links
14.Conclusion
15.Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
