U.S (New York)– The “Renewable Methanol Market” 2023 research report appears to cover various aspects of the market, including the strategies of top players, market segments, competitive landscape, manufacturing, and pricing structures. In this report, we will provide an in-depth analysis of the current state of the global Bahrain Alcoholic Beverages Market, its key drivers and challenges, and its future prospects. This study contains research on market dynamics, such as SWOT, PESTLE, and Porter’s Five Forces analysis, as well as details about drivers, constraints, trends, and opportunities. These studies may assist in providing a thorough overview of the worldwide industry. Additionally, the key segments of the industry are evaluated according to their performance.
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.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
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.
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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
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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
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