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JAPAN RENEWABLE METHANOL MARKET FORECAST 2024-2032

SCOPE OF THE REPORT

Japan 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)


MARKET OVERVIEW

The Japan renewable methanol market is set to register a CAGR of 3.63% in terms of revenue and 2.57% in terms of volume during the forecast period, 2024-2032, and is projected to garner a revenue of $xx million by 2032.

Japan’s methanol market is driven by substantial demand stemming from its diverse industrial sector, which encompasses chemical manufacturing, petrochemicals, automotive, and construction. Methanol serves as a crucial raw material in these sectors, employed in the production of a wide range of chemicals and materials, such as formaldehyde, acetic acid, resins, adhesives, and coatings. Also, methanol plays a pivotal role in the manufacturing of methyl tert-butyl ether (MTBE), a fuel additive designed to enhance gasoline performance and reduce emissions. With Japan’s strong focus on environmental sustainability and air quality improvement, the demand for methanol as a fuel additive remains robust.

Japan Renewable Methanol Market

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Additionally, ongoing advancements in methanol production processes, characterized by more efficient synthesis methods and cleaner production techniques, contribute to its appeal across various applications. In 2022, JFE Engineering Corporation and Mitsubishi Gas Chemical Company Inc successfully converted CO obtained from waste incineration exhaust gases into methanol through a demonstration test of the Carbon dioxide Capture and Utilization (CCU) process, which involves synthesizing methanol from CO.

The Japan renewable methanol market segmentation includes feedstock, application, and end-user. The end-user segment includes chemical, transportation, power generation, and other end-users. 

The renewable methanol market is experiencing notable growth, particularly in the chemical end-user sector, driven by stringent environmental regulations and an increasing focus on sustainability. Governments and industries alike are investing in renewable energy sources to curb carbon emissions, consequently boosting the demand for renewable methanol as both a clean fuel and a chemical feedstock.

In the chemical industry, renewable methanol serves as a versatile raw material, enabling the production of various essential chemicals and materials. Its applications span a wide range, including the synthesis of formaldehyde, acetic acid, resins, adhesives, coatings, and other chemical compounds vital for manufacturing processes. Moreover, renewable methanol plays a crucial role as a key component in the production of methyl tert-butyl ether (MTBE), a significant fuel additive aimed at enhancing gasoline performance and reducing emissions.

Technological advancements in methanol production processes, marked by more efficient synthesis methods and cleaner production techniques, are also driving the market’s expansion. These innovations not only enhance the attractiveness of renewable methanol across various chemical applications but also contribute to the overall sustainability goals of industries adopting renewable energy sources.

Accordingly, the renewable methanol market, particularly within the chemical end-user sector, is poised for significant growth in the coming years, propelled by environmental regulations, sustainability initiatives, and ongoing technological advancements. As industries continue to prioritize cleaner alternatives and seek to reduce their carbon footprint, renewable methanol emerges as a key solution, offering both environmental benefits and versatile applications in chemical manufacturing processes.

Some of the key players operating in the Japan renewable methanol market are BASF SE, Innogy, Nordic Green, etc.

Commencing its operations in August 2011 as the exclusive agent for the Dutch bio-methanol producer BioMCN in the Nordic and Baltic countries, Nordic Green has since expanded its business significantly. Alongside methanol, the company also handles ethanol and select top-tier bio-diesels, all sharing a common trait – they are derived from waste or residues, hence classified as Advanced/2G biofuels. 

These production methods render Advanced Biofuels a more sustainable and environmentally friendly option compared to most commercially available biofuels. By utilizing industrial residues, Advanced Biofuels help alleviate concerns surrounding the ‘food vs. fuel’ debate and contribute substantially to the reduction of CO2 emissions. It is headquartered in Silkeborg, Denmark.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2024-2032
Base Year2023
Market Historical Years2018-2022
Forecast Units

Revenue ($ Million) and Volume (Kilotons)

Segments Analyzed
Feedstock, Application, and End-User
Countries AnalyzedJapan
Companies AnalyzedBASF SE, Carbon Recycling International (CRI), Innogy, Nordic Green, SerEnergy A/S, Uniper SE

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. COUNTRY SNAPSHOT
    4. COUNTRY ANALYSIS
    5. SCOPE OF STUDY
    6. CRISIS SCENARIO ANALYSIS
      1. IMPACT OF COVID-19 ON RENEWABLE METHANOL MARKET
    7. 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. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. PRODUCT LAUNCHES & DEVELOPMENTS
      2. PARTNERSHIPS & AGREEMENTS
      3. BUSINESS EXPANSIONS & DIVESTITURES
    2. COMPANY PROFILES
      1. BASF SE
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      2. CARBON RECYCLING INTERNATIONAL (CRI)
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      3. INNOGY
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      4. NORDIC GREEN
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      5. SERENERGY A/S
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      6. UNIPER SE
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – RENEWABLE METHANOL

TABLE 2: COUNTRY SNAPSHOT

TABLE 3: REGULATORY FRAMEWORK

TABLE 4: JAPAN RENEWABLE METHANOL MARKET, BY FEEDSTOCK, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 5: JAPAN RENEWABLE METHANOL MARKET, BY FEEDSTOCK, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 6: JAPAN RENEWABLE METHANOL MARKET, BY FEEDSTOCK, HISTORICAL YEARS, 2018-2022 (IN KILOTONS)

TABLE 7: JAPAN RENEWABLE METHANOL MARKET, BY FEEDSTOCK, FORECAST YEARS, 2024-2032 (IN KILOTONS)

TABLE 8: JAPAN RENEWABLE METHANOL MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 9: JAPAN RENEWABLE METHANOL MARKET, BY APPLICATION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 10: JAPAN RENEWABLE METHANOL MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN KILOTONS)

TABLE 11: JAPAN RENEWABLE METHANOL MARKET, BY APPLICATION, FORECAST YEARS, 2024-2032 (IN KILOTONS)

TABLE 12: JAPAN RENEWABLE METHANOL MARKET, BY END-USER, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 13: JAPAN RENEWABLE METHANOL MARKET, BY END-USER, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 14: JAPAN RENEWABLE METHANOL MARKET, BY END-USER, HISTORICAL YEARS, 2018-2022 (IN KILOTONS)

TABLE 15: JAPAN RENEWABLE METHANOL MARKET, BY END-USER, FORECAST YEARS, 2024-2032 (IN KILOTONS)

TABLE 16: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 17: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 18: 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: JAPAN RENEWABLE METHANOL MARKET, GROWTH POTENTIAL, BY FEEDSTOCK, IN 2023

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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