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CANADA RENEWABLE METHANOL MARKET FORECAST 2021-2026

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CANADA RENEWABLE METHANOL MARKET FORECAST 2021-2026

The Canada renewable methanol market is projected to register a CAGR of 4.15% in terms of revenue and 3.42% in terms of volume over the forecast period. The market growth of the country is facilitated by factors such as the presence of stringent regulations, the increasing demand for renewable fuels, and the research efforts undertaken for developing renewable methanol production. While the base year considered for the market study is 2020, the forecast period is from 2021 to 2026.

CANADA RENEWABLE METHANOL MARKET FORECAST 2021-2026

Canada Renewable Methanol Market by Feedstock ( Agricultural Waste, Forestry Residues, Municipal Solid Waste, Co2emission, Others ) Market by Application ( Formaldehyde, Dimethyl Ether (Dme, Also Known as Methoxymethane) and Methyl Tert-butyl Ether (Mtbe), Gasoline, Solvent, Others ) Market by End-user ( Chemical, Transportation, Power Generation, Others )

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The Canada renewable methanol market is projected to register a CAGR of 4.15% in terms of revenue and 3.42% in terms of volume over the forecast period. The market growth of the country is facilitated by factors such as the presence of stringent regulations, the increasing demand for renewable fuels, and the research efforts undertaken for developing renewable methanol production. While the base year considered for the market study is 2020, the forecast period is from 2021 to 2026.canada-renewable-methanol-market

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Canada developed a Clean Fuel Standard for minimizing greenhouse gas emissions. Several companies have also been developing technologies over recent years in order to reduce the carbon intensity of methanol produced from natural gas. Methanex Corporation manufactures LCM in the Medicine Hat (Canada) plant by injecting sequestered CO2, considerably reducing the GHG emissions when LCM is utilized as a fuel.

The overall production capacity of formaldehyde in Canada is approximately 150-kilo metric tons per year. The Canadian Methanol Corporation (CMC) proposed to build a methanol plant in northeastern British Columbia, Canada, with an annual capacity of 1.8 million tons of methanol. As a result, these factors are anticipated to have a significant influence on the renewable market growth in Canada.

Enerkem, headquartered in Canada, manufactures advanced biofuels as well as renewable chemicals from waste. The company’s exclusive disruptive proprietary technology converts municipal non-recyclable solid waste into ethanol, methanol, and several other widely utilized chemical intermediates. Its facilities are constructed as prefabricated systems on the basis of the company’s manufacturing infrastructure. Moreover, the company’s technology also provides sustainable and smart alternatives to incineration and landfilling.

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • COUNTRY SNAPSHOT
      • COUNTRY ANALYSIS
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
    3. KEY ANALYTICS
      • IMPACT OF COVID-19 ON CANADA RENEWABLE METHANOL MARKET
      • KEY MARKET TRENDS
      • PORTER’S FIVE FORCE ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • REGULATORY FRAMEWORK
    4. MARKET BY FEEDSTOCK
      • AGRICULTURAL WASTE
      • FORESTRY RESIDUES
      • MUNICIPAL SOLID WASTE
      • CO2EMISSION
      • OTHERS
    5. MARKET BY APPLICATION
      • FORMALDEHYDE
      • DIMETHYL ETHER (DME, ALSO KNOWN AS METHOXYMETHANE) AND METHYL TERT-BUTYL ETHER (MTBE)
      • GASOLINE
      • SOLVENT
      • OTHERS
    6. MARKET BY END-USER
      • CHEMICAL
      • TRANSPORTATION
      • POWER GENERATION
      • OTHERS
    7. COMPETITIVE LANDSCAPE
      • KEY STRATEGIC DEVELOPMENTS
      • COMPANY PROFILES
        • ADVANCED CHEMICAL TECHNOLOGIES
        • BASF SE
        • ENERKEM
        • METHANEX CORPORATION

    LIST OF TABLES  

    TABLE 1: MARKET SNAPSHOT – COUNTRY RENEWABLE METHANOL

    TABLE 2: CANADA RENEWABLE METHANOL MARKET, BY FEEDSTOCK, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 3: CANADA RENEWABLE METHANOL MARKET, BY FEEDSTOCK, FORECAST YEARS, 2021-2026 (IN $ MILLION)

    TABLE 4: CANADA RENEWABLE METHANOL MARKET, BY FEEDSTOCK, HISTORICAL YEARS, 2016-2020 (IN KILOTONS)

    TABLE 5: CANADA RENEWABLE METHANOL MARKET, BY FEEDSTOCK, FORECAST YEARS, 2021-2026 (IN KILOTONS)

    TABLE 6: CANADA RENEWABLE METHANOL MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 7: CANADA RENEWABLE METHANOL MARKET, BY APPLICATION, FORECAST YEARS, 2021-2026 (IN $ MILLION)

    TABLE 8: CANADA RENEWABLE METHANOL MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2020 (IN KILOTONS)

    TABLE 9: CANADA RENEWABLE METHANOL MARKET, BY APPLICATION, FORECAST YEARS, 2021-2026 (IN KILOTONS)

    TABLE 10: CANADA RENEWABLE METHANOL MARKET, BY END-USER, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 11: CANADA RENEWABLE METHANOL MARKET, BY END-USER, FORECAST YEARS, 2021-2026 (IN $ MILLION)

    TABLE 12: CANADA RENEWABLE METHANOL MARKET, BY END-USER, HISTORICAL YEARS, 2016-2020 (IN KILOTONS)

    TABLE 13: CANADA RENEWABLE METHANOL MARKET, BY END-USER, FORECAST YEARS, 2021-2026 (IN KILOTONS)

    LIST OF FIGURES 

    FIGURE 1: KEY MARKET TRENDS

    FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 3: OPPORTUNITY MATRIX

    FIGURE 4: CANADA RENEWABLE METHANOL MARKET, GROWTH POTENTIAL, BY FEEDSTOCK, IN 2020

    FIGURE 5: CANADA RENEWABLE METHANOL MARKET, BY AGRICULTURAL WASTE, 2021-2026 (IN $ MILLION)

    FIGURE 6: CANADA RENEWABLE METHANOL MARKET, BY FORESTRY RESIDUES, 2021-2026 (IN $ MILLION)

    FIGURE 7: CANADA RENEWABLE METHANOL MARKET, BY MUNICIPAL SOLID WASTE, 2021-2026 (IN $ MILLION)

    FIGURE 8: CANADA RENEWABLE METHANOL MARKET, BY CO2EMISSION, 2021-2026 (IN $ MILLION)

    FIGURE 9: CANADA RENEWABLE METHANOL MARKET, BY OTHERS, 2021-2026 (IN $ MILLION)

    FIGURE 10: CANADA RENEWABLE METHANOL MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2020

    FIGURE 11: CANADA RENEWABLE METHANOL MARKET, BY FORMALDEHYDE, 2021-2026 (IN $ MILLION)

    FIGURE 12: CANADA RENEWABLE METHANOL MARKET, BY DIMETHYL ETHER (DME, ALSO KNOWN AS METHOXYMETHANE) AND METHYL TERT-BUTYL ETHER (MTBE), 2021-2026 (IN $ MILLION)

    FIGURE 13: CANADA RENEWABLE METHANOL MARKET, BY GASOLINE, 2021-2026 (IN $ MILLION)

    FIGURE 14: CANADA RENEWABLE METHANOL MARKET, BY SOLVENT, 2021-2026 (IN $ MILLION)

    FIGURE 15: CANADA RENEWABLE METHANOL MARKET, BY OTHERS, 2021-2026 (IN $ MILLION)

    FIGURE 16: CANADA RENEWABLE METHANOL MARKET, GROWTH POTENTIAL, BY END-USER, IN 2020

    FIGURE 17: CANADA RENEWABLE METHANOL MARKET, BY CHEMICAL, 2021-2026 (IN $ MILLION)

    FIGURE 18: CANADA RENEWABLE METHANOL MARKET, BY TRANSPORTATION, 2021-2026 (IN $ MILLION)

    FIGURE 19: CANADA RENEWABLE METHANOL MARKET, BY POWER GENERATION, 2021-2026 (IN $ MILLION)

    FIGURE 20: CANADA RENEWABLE METHANOL MARKET, BY OTHERS, 2021-2026 (IN $ MILLION)

    1. MARKET BY FEEDSTOCK
      • AGRICULTURAL WASTE
      • FORESTRY RESIDUES
      • MUNICIPAL SOLID WASTE
      • CO2EMISSION
      • OTHERS
    2. MARKET BY APPLICATION
      • FORMALDEHYDE
      • DIMETHYL ETHER (DME, ALSO KNOWN AS METHOXYMETHANE) AND METHYL TERT-BUTYL ETHER (MTBE)
      • GASOLINE
      • SOLVENT
      • OTHERS
    3. MARKET BY END-USER
      • CHEMICAL
      • TRANSPORTATION
      • POWER GENERATION
      • OTHERS

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