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EUROPE RENEWABLE METHANOL MARKET FORECAST 2024-2032

SCOPE OF THE REPORT

Europe Renewable Methanol Market by Feedstock (Agricultural Waste, Forestry Residues, Municipal Solid Waste, CO2 Emission, Other Feedstocks) Market by Application (Formaldehyde, Dimethyl Ether (DME) & Methyl Tert-butyl Ether (MTBE), Gasoline, Solvent, Other Applications) Market by End-user (Chemical, Transportation, Power Generation, Other End-users) by Geography

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MARKET OVERVIEW

The Europe renewable methanol market is expected to register a CAGR of 5.14% in terms of revenue and 3.45% in terms of volume during the forecasted period, 2024-2032, reaching a revenue share of $xx million by 2032.

The market growth of the region is primarily fuelled by the growing wind and solar sector, the initiation of new projects, and the increase in electricity generation from renewable energy sources. However, the Europe renewable methanol market may be challenged by the rise in CO2 emissions in the region.

The Europe renewable methanol market growth analysis includes the assessment of Netherlands, Italy, Spain, Germany, the United Kingdom, France, Poland, and Rest of Europe. Biomethanol blends are increasingly being used in the United Kingdom, on account of the implementation of low-carbon fuel programs in order to lessen CI in fuels. These policies play an essential role in augmenting the demand for renewable methanol in the country. The Renewable Transport Fuel Obligation (RTFO) has been established for the use of renewable methanol, while meeting the required targets in the United Kingdom, as well.

Europe Renewable Methanol Market

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Conversely, Germany is a notable market for renewable methanol across Europe. Presently, in the region, nearly 90% of the methanol industry is concentrated in Germany. While methanol is produced from steam-reforming natural gas, the need for renewable methanol is growing in the nation, given the surging need for formaldehyde production. Moreover, as one of the largest producers of formaldehyde in Europe, the majority of the compound is utilized for making phenol-formaldehyde resins, urea-formaldehyde resins, and polyoxymethylene.

Italy’s renewable methanol market is witnessing notable growth, driven by a combination of factors, including stringent environmental regulations, increasing sustainability initiatives, and growing awareness of the need to reduce carbon emissions. As a result, there is a rising demand for renewable methanol as a clean fuel and chemical feedstock across various industries within the country.

The transportation sector, in particular, is adopting renewable methanol as a promising alternative fuel, given its potential to significantly reduce greenhouse gas emissions compared to conventional fossil fuels. Additionally, renewable methanol finds applications in power generation and chemical manufacturing, further fueling its demand in Italy.

The Europe renewable methanol market segmentation includes feedstock, application, and end-user. The application segment includes gasoline, formaldehyde, solvent, dimethyl ether (DME) & methyl tert-butyl ether (MTBE), and other applications. 

Products generated from formaldehyde include 1,4-butanediol, phenol-formaldehyde resin, methylene diphenyl diisocyanate, melamine resin, urea-formaldehyde resin, and polyoxymethylene plastics. Aligning with the widespread application of the compound, the textile industry uses formaldehyde-based resins as finishers for manufacturing fabrics that are crease-resistant.

Compared to conventional fuels, renewable methanol minimizes carbon dioxide emissions by up to 95%, in addition to eliminating sulfur oxide as well as particulate matter emissions. Furthermore, it also reduces nitrogen oxide emissions by nearly 80%. Hence, the demand for renewable methanol is increasing significantly.

Methanol serves as an industrial solvent, facilitating the production of inks, resins, adhesives, and dyes. Moreover, it plays a crucial role as a solvent in the synthesis of vital pharmaceutical components and products like streptomycin, vitamins, cholesterol, and hormones. However, the market for renewable methanol in solvent applications is relatively less pronounced compared to many European nations. Certain applications of methanol, such as its use as antifreeze in pipelines and windshield washer fluid, are restricted. Nevertheless, there is anticipation for advancements in renewable methanol that could present growth prospects in the future.

Some of the key players operating in the Europe renewable methanol market are BASF SE, Fraunhofer, Advanced Chemical Technologies, Carbon Recycling International (CRI), etc.

Fraunhofer-Gesellschaft, headquartered in Germany, is a leading applied research organization globally. With an acute focus on developing key technologies essential for futuristic developments, the company plays a pivotal role in the innovation process.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2024-2032
Base Year2023
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Million) and Volume (Kilotons)
Segments Analyzed
Feedstock, Application, and End-User
Countries AnalyzedNetherlands, Italy, Spain, Germany, the United Kingdom, France, Poland, and Rest of Europe
Companies AnalyzedAdvanced Chemical Technologies, BASF SE, Carbon Recycling International (CRI), Enerkem, Fraunhofer, Innogy, Nordic Green, OCI NV, SerEnergy A/S, Sodra, Uniper SE, Vertimass LLC
TABLE OF CONTENTS
  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
    3. SCOPE OF STUDY
    4. CRISIS SCENARIO ANALYSIS
      1. IMPACT OF COVID-19 ON RENEWABLE METHANOL MARKET
    5. MAJOR MARKET FINDINGS
      1. RENEWABLE METHANOL GAINS TRACTION AS A CHEMICAL FEEDSTOCK
      2. GROWING USE AS A BLENDING COMPONENT IN FUELS
      3. GEOGRAPHIC EXPANSION BEYOND TRADITIONAL MARKETS
      4. INCREASED INVESTMENT IN R&D FOR PROCESS ENHANCEMENT
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. GROWING EMPHASIS ON REDUCING GREENHOUSE GAS EMISSIONS AND ACHIEVING CARBON NEUTRALITY
      2. ONGOING ADVANCEMENTS IN RENEWABLE ENERGY TECHNOLOGIES AND PROCESSES
      3. SUPPORTIVE REGULATORY FRAMEWORKS, SUBSIDIES, AND INCENTIVES
    2. KEY RESTRAINTS
      1. ESTABLISHMENT OF PRODUCTION PLANTS REQUIRES SIGNIFICANT UPFRONT CAPITAL INVESTMENT
      2. COMPETITION FROM FOSSIL-BASED METHANOL REMAINS STRONG
      3. LIMITED AVAILABILITY OF COST-EFFECTIVE FEEDSTOCKS
  4. KEY ANALYTICS
    1. KEY MARKET TRENDS
      1. EXPANSION OF PRODUCTION CAPACITIES BY KEY PLAYERS
      2. GROWING PARTNERSHIPS TO DEVELOP INTEGRATED VALUE CHAINS
      3. FOCUS ON CARBON RECYCLING FOR SUSTAINABLE PRODUCTION
      4. RISING APPLICATION IN TRANSPORTATION SECTORS
    2. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    3. GROWTH PROSPECT MAPPING
    4. MARKET MATURITY ANALYSIS
    5. MARKET CONCENTRATION ANALYSIS
    6. VALUE CHAIN ANALYSIS
      1. FEEDSTOCK ACQUISITION
      2. CONVERSION PROCESS
      3. DISTRIBUTION AND LOGISTICS
      4. END-USE APPLICATIONS
    7. REGULATORY FRAMEWORK
  5. MARKET BY FEEDSTOCK
    1. AGRICULTURAL WASTE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. FORESTRY RESIDUES
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. MUNICIPAL SOLID WASTE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. CO2 EMISSION
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    5. OTHER FEEDSTOCKS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  6. MARKET BY APPLICATION
    1. FORMALDEHYDE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. DIMETHYL ETHER (DME) & METHYL TERT-BUTYL ETHER (MTBE)
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. GASOLINE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. SOLVENT
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    5. OTHER APPLICATIONS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  7. MARKET BY END-USER
    1. CHEMICAL
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. TRANSPORTATION
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. POWER GENERATION
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. OTHER END-USERS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  8. GEOGRAPHICAL ANALYSIS
    1. EUROPE
      1. MARKET SIZE & ESTIMATES
      2. EUROPE RENEWABLE METHANOL MARKET DRIVERS
      3. EUROPE RENEWABLE METHANOL MARKET CHALLENGES
      4. KEY PLAYERS IN EUROPE RENEWABLE METHANOL MARKET
      5. COUNTRY ANALYSIS
        1. UNITED KINGDOM
          1. UNITED KINGDOM RENEWABLE METHANOL MARKET SIZE & OPPORTUNITIES
        2. GERMANY
          1. GERMANY RENEWABLE METHANOL MARKET SIZE & OPPORTUNITIES
        3. FRANCE
          1. FRANCE RENEWABLE METHANOL MARKET SIZE & OPPORTUNITIES
        4. ITALY
          1. ITALY RENEWABLE METHANOL MARKET SIZE & OPPORTUNITIES
        5. SPAIN
          1. SPAIN RENEWABLE METHANOL MARKET SIZE & OPPORTUNITIES
        6. NETHERLANDS
          1. NETHERLANDS RENEWABLE METHANOL MARKET SIZE & OPPORTUNITIES
        7. POLAND
          1. POLAND RENEWABLE METHANOL MARKET SIZE & OPPORTUNITIES
        8. REST OF EUROPE
          1. REST OF EUROPE RENEWABLE METHANOL MARKET SIZE & OPPORTUNITIES
  9. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. PRODUCT LAUNCHES & DEVELOPMENTS
      2. PARTNERSHIPS & AGREEMENTS
      3. BUSINESS EXPANSIONS & DIVESTITURES
    2. COMPANY PROFILES
      1. ADVANCED CHEMICAL TECHNOLOGIES
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      2. BASF SE
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      3. CARBON RECYCLING INTERNATIONAL (CRI)
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      4. ENERKEM
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      5. FRAUNHOFER
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      6. INNOGY
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      7. NORDIC GREEN
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      8. OCI NV
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      9. SERENERGY A/S
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      10. SODRA
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      11. UNIPER SE
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      12. VERTIMASS LLC
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – RENEWABLE METHANOL

TABLE 2: REGULATORY FRAMEWORK

TABLE 3: EUROPE RENEWABLE METHANOL MARKET, BY FEEDSTOCK, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 4: EUROPE RENEWABLE METHANOL MARKET, BY FEEDSTOCK, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 5: EUROPE RENEWABLE METHANOL MARKET, BY FEEDSTOCK, HISTORICAL YEARS, 2018-2022 (IN KILOTONS)

TABLE 6: EUROPE RENEWABLE METHANOL MARKET, BY FEEDSTOCK, FORECAST YEARS, 2024-2032 (IN KILOTONS)

TABLE 7: EUROPE RENEWABLE METHANOL MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 8: EUROPE RENEWABLE METHANOL MARKET, BY APPLICATION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 9: EUROPE RENEWABLE METHANOL MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN KILOTONS)

TABLE 10: EUROPE RENEWABLE METHANOL MARKET, BY APPLICATION, FORECAST YEARS, 2024-2032 (IN KILOTONS)

TABLE 11: EUROPE RENEWABLE METHANOL MARKET, BY END-USER, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 12: EUROPE RENEWABLE METHANOL MARKET, BY END-USER, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 13: EUROPE RENEWABLE METHANOL MARKET, BY END-USER, HISTORICAL YEARS, 2018-2022 (IN KILOTONS)

TABLE 14: EUROPE RENEWABLE METHANOL MARKET, BY END-USER, FORECAST YEARS, 2024-2032 (IN KILOTONS)

TABLE 15: EUROPE RENEWABLE METHANOL MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 16: EUROPE RENEWABLE METHANOL MARKET, BY COUNTRY, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 17: EUROPE RENEWABLE METHANOL MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN KILOTONS)

TABLE 18: EUROPE RENEWABLE METHANOL MARKET, BY COUNTRY, FORECAST YEARS, 2024-2032 (IN KILOTONS)

TABLE 19: KEY PLAYERS OPERATING IN EUROPE RENEWABLE METHANOL MARKET

TABLE 20: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 21: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 22: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES

FIGURE 1: MAJOR MARKET FINDINGS

FIGURE 2: MARKET DYNAMICS

FIGURE 3: KEY MARKET TRENDS

FIGURE 4: PORTER’S FIVE FORCES ANALYSIS

FIGURE 5: GROWTH PROSPECT MAPPING

FIGURE 6: MARKET MATURITY ANALYSIS

FIGURE 7: MARKET CONCENTRATION ANALYSIS

FIGURE 8: VALUE CHAIN ANALYSIS

FIGURE 9: EUROPE RENEWABLE METHANOL MARKET, GROWTH POTENTIAL, BY FEEDSTOCK, IN 2023

FIGURE 10: EUROPE RENEWABLE METHANOL MARKET, BY AGRICULTURAL WASTE, 2024-2032 (IN $ MILLION)

FIGURE 11: EUROPE RENEWABLE METHANOL MARKET, BY AGRICULTURAL WASTE, 2024-2032 (IN KILOTONS)

FIGURE 12: EUROPE RENEWABLE METHANOL MARKET, BY FORESTRY RESIDUES, 2024-2032 (IN $ MILLION)

FIGURE 13: EUROPE RENEWABLE METHANOL MARKET, BY FORESTRY RESIDUES, 2024-2032 (IN KILOTONS)

FIGURE 14: EUROPE RENEWABLE METHANOL MARKET, BY MUNICIPAL SOLID WASTE, 2024-2032 (IN $ MILLION)

FIGURE 15: EUROPE RENEWABLE METHANOL MARKET, BY MUNICIPAL SOLID WASTE, 2024-2032 (IN KILOTONS)

FIGURE 16: EUROPE RENEWABLE METHANOL MARKET, BY CO2 EMISSION, 2024-2032 (IN $ MILLION)

FIGURE 17: EUROPE RENEWABLE METHANOL MARKET, BY CO2 EMISSION, 2024-2032 (IN KILOTONS)

FIGURE 18: EUROPE RENEWABLE METHANOL MARKET, BY OTHER FEEDSTOCKS, 2024-2032 (IN $ MILLION)

FIGURE 19: EUROPE RENEWABLE METHANOL MARKET, BY OTHER FEEDSTOCKS, 2024-2032 (IN KILOTONS)

FIGURE 20: EUROPE RENEWABLE METHANOL MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2023

FIGURE 21: EUROPE RENEWABLE METHANOL MARKET, BY FORMALDEHYDE, 2024-2032 (IN $ MILLION)

FIGURE 22: EUROPE RENEWABLE METHANOL MARKET, BY FORMALDEHYDE, 2024-2032 (IN KILOTONS)

FIGURE 23: EUROPE RENEWABLE METHANOL MARKET, BY DIMETHYL ETHER (DME) & METHYL TERT-BUTYL ETHER (MTBE), 2024-2032 (IN $ MILLION)

FIGURE 24: EUROPE RENEWABLE METHANOL MARKET, BY DIMETHYL ETHER (DME) & METHYL TERT-BUTYL ETHER (MTBE), 2024-2032 (IN KILOTONS)

FIGURE 25: EUROPE RENEWABLE METHANOL MARKET, BY GASOLINE, 2024-2032 (IN $ MILLION)

FIGURE 26: EUROPE RENEWABLE METHANOL MARKET, BY GASOLINE, 2024-2032 (IN KILOTONS)

FIGURE 27: EUROPE RENEWABLE METHANOL MARKET, BY SOLVENT, 2024-2032 (IN $ MILLION)

FIGURE 28: EUROPE RENEWABLE METHANOL MARKET, BY SOLVENT, 2024-2032 (IN KILOTONS)

FIGURE 29: EUROPE RENEWABLE METHANOL MARKET, BY OTHER APPLICATIONS, 2024-2032 (IN $ MILLION)

FIGURE 30: EUROPE RENEWABLE METHANOL MARKET, BY OTHER APPLICATIONS, 2024-2032 (IN KILOTONS)

FIGURE 31: EUROPE RENEWABLE METHANOL MARKET, GROWTH POTENTIAL, BY END-USER, IN 2023

FIGURE 32: EUROPE RENEWABLE METHANOL MARKET, BY CHEMICAL, 2024-2032 (IN $ MILLION)

FIGURE 33: EUROPE RENEWABLE METHANOL MARKET, BY CHEMICAL, 2024-2032 (IN KILOTONS)

FIGURE 34: EUROPE RENEWABLE METHANOL MARKET, BY TRANSPORTATION, 2024-2032 (IN $ MILLION)

FIGURE 35: EUROPE RENEWABLE METHANOL MARKET, BY TRANSPORTATION, 2024-2032 (IN KILOTONS)

FIGURE 36: EUROPE RENEWABLE METHANOL MARKET, BY POWER GENERATION, 2024-2032 (IN $ MILLION)

FIGURE 37: EUROPE RENEWABLE METHANOL MARKET, BY POWER GENERATION, 2024-2032 (IN KILOTONS)

FIGURE 38: EUROPE RENEWABLE METHANOL MARKET, BY OTHER END-USERS, 2024-2032 (IN $ MILLION)

FIGURE 39: EUROPE RENEWABLE METHANOL MARKET, BY OTHER END-USERS, 2024-2032 (IN KILOTONS)

FIGURE 40: EUROPE RENEWABLE METHANOL MARKET, COUNTRY OUTLOOK, 2023 & 2032 (IN %)

FIGURE 41: UNITED KINGDOM RENEWABLE METHANOL MARKET, 2024-2032 (IN $ MILLION)

FIGURE 42: GERMANY RENEWABLE METHANOL MARKET, 2024-2032 (IN $ MILLION)

FIGURE 43: FRANCE RENEWABLE METHANOL MARKET, 2024-2032 (IN $ MILLION)

FIGURE 44: ITALY RENEWABLE METHANOL MARKET, 2024-2032 (IN $ MILLION)

FIGURE 45: SPAIN RENEWABLE METHANOL MARKET, 2024-2032 (IN $ MILLION)

FIGURE 46: NETHERLANDS RENEWABLE METHANOL MARKET, 2024-2032 (IN $ MILLION)

FIGURE 47: POLAND RENEWABLE METHANOL MARKET, 2024-2032 (IN $ MILLION)

FIGURE 48: REST OF EUROPE RENEWABLE METHANOL MARKET, 2024-2032 (IN $ MILLION)

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