The modern-day document posted via Report Ocean, titled “Renewable Methanol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023 to 2031,” affords a complete evaluation of the industry, which includes insights on the market trends. The file additionally consists of competitor and regional analysis, and present-day developments in the market. This document can serve as a fantastic information for investors, researchers, consultants, advertising strategists and all these who are planning to foray into the market in any form.
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.
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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, 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.
COVID-19 Impact
In 2019, the COVID-19 epidemic swept the globe. It brought everything to a halt. It had an impact on the entire world economy. Moreover, a great number of people have also perished. In total, 5,091,465 fatalities and 252,297,094 cases of COVID-19 have been reported worldwide. A majority of the nations on earth were affected by the pandemic. The pandemic brought some kind of loss in the majority of industries. The epidemic caused a slowdown in the chemical industry as well. According to Statista, the business generated over US$ 3.94 trillion in worldwide sales in 2019. An all-time high of US$5.4 trillion in revenue was produced by the sector in 2014.
The level of rivalry among well-known international corporations has been determined by studying a number of key industries, as well as market competition, market share, current developments in the sector, novel product launches, alliances, mergers, and acquisitions by key corporations.
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.
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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
o U.S.
o Canada
o Mexico
– Europe
o Germany
o UK
o France
o Italy
o Denmark
o Spain
o Sweden
o Rest of Europe
– Asia-Pacific
o China
o India
o Japan
o South Korea
o Australia
o Rest of Asia-Pacific
– LAMEA
o Brazil
o Saudi Arabia
o South Africa
o Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the key questions answered:
- How has the adoption of Market impacted COVID-19?
- What are the key market tips in key areas?
- Which utilized sciences are most impacting the anticipated global enterprise?
- Who are the major global game enthusiasts in modern times dominating the Market?
- How do AI clients turn out to be conscious of technological knowledge in strolling theatres?
- What are the vital corporation fashions determined via way of the foremost market players?
- What are the key factors that will have an effect on the expand of Market globally?
- How foremost game enthusiasts in the Global corporation environment are incorporating key
- What is the present day income contribution of distinct product kinds in the market and what are the predicted changes?
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