Renewable Methanol Market Overview
According to a recent survey conducted by ChemView Consulting, the Global Renewable Methanol Market grew at a CAGR of 5.2% between 2017-2021 and is estimated to be US$ 2,874.9 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 5.6 % and is expected to reach a valuation of US$ 4,957.5 Mn by 2032 end.
The increase in carbon dioxide emissions and strict environmental restrictions to lessen the effects of carbon dioxide are fueling the growth of the worldwide renewable methanol market. This element is anticipated to increase demand for renewable methanol, which finds use in the industrial and transportation sectors. Additionally, it is expected that producing renewable methanol from agricultural and industrial waste would give the industry chances for future expansion.
ChemView Consulting has analyzed that Solar and wind energy are the most common renewable energy sources stored in networks. However, the energy production fluctuations result from the sun being blocked by clouds or shifting wind currents. Due to these variations, flexible grid systems that store energy are necessary. The grid modernization process is increasingly dependent on Renewable Methanol devices.
When the amount of power generated exceeds the amount of electricity needed, these solutions assist grid operators in saving electricity. About the generation, transmission, and distribution of electric power, these systems enhance the dependability and flexibility of energy supply systems.
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Segments Covered in Report
By Primary Source:
- Municipal Waste
- Industrial Waste
By End Use Sector:
- Dimethyl Ethers
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
Key Takeaways from the Renewable Methanol Market
- Based on the Primary Source, At 42.0% of the market, Biomass Feedstock had the greatest revenue share. Biomass feedstocks are the most preferred feedstocks to produce renewable methanol across the globe. Low treatment cost and pre-treatment methods are some factors that provide biomass an edge over its alternatives.
- Based on the End Use Sector, A wide spectrum of vital chemicals across the globe. About 29.0% of the renewable methanol produced worldwide is consumed in formaldehyde (HCHO) manufacturing. Chemical synthesis of formaldehyde also finds its applications in various industries, including paints and coatings, food, medicine, disinfection, and numerous others.
- Based on Region, the North American market held a sizeable revenue share of 30.7%. The U.S. is one of the largest consumers of renewable methanol globally, with stringent government regulation and high awareness regarding its carbon footprint as key factors fuelling this use in fuel and other products.
Key companies covered in the market study are ENI, BASF SE, Apex Energy Teterow GmbH, Methanex Corporation, VarmlandsMethanol, Alberta Pacific, Carbon Recycling International, BioMCN, Enerkem, Chemrec Inc., New Hope Energy, Trans World Energy, Proman, Liquid wind, Veolia and others.
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Report Key Highlights and Coverage
- Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
- Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
- The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
- Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
- Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
- Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
- Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
- Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
- Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
- Strategic market analysis, recommendations, and future headways on crucial winning strategies.
About ChemView Consulting
ChemView Consulting is a leading information, market intelligence, and business consulting firm serving clients worldwide in Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging domains. In their business transformation journey, we have been collaborating with global enterprises, including 70% of the largest Forbes 1000 enterprises, helping them deliver on their business ambitions. ChemView Consulting serves clients in approximately 100 countries, with its office in New York, U.S., and Pune, India.
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