The North America renewable methanol market is estimated to grow with a CAGR of 3.92% in revenue and 2.65% in terms of volume during the forecasted years of 2022 to 2030, acquiring a revenue share of $511.90 million by 2030.

NORTH AMERICA RENEWABLE METHANOL MARKET FORECAST 2022-2030

North America 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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The North America renewable methanol market is estimated to grow with a CAGR of 3.92% in revenue and 2.65% in terms of volume during the forecasted years of 2022 to 2030, acquiring a revenue share of $511.90 million by 2030.

The regional market’s growth is strengthened by the rising implementation of the renewable fuel standard (RFS) program for minimizing the impact of greenhouse gas emissions and the augmenting demand for renewable fuels within the industrial sector. However, the North America renewable methanol market is likely to be restrained by the surging wastage of food.

North America Renewable Methanol Market

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The North America renewable methanol market growth evaluation entails the assessment of the United States and Canada. The United States is the largest as well as the most powerful economy globally, registering a gross domestic product (GDP) of $19.39 trillion in 2017. Subsequently, the country’s economic growth rate accounted for 2.9% in the following year. The United States is presently focusing on enhancing its natural gas consumption, especially within the industrial sector.

Aligning with this, three new methanol plants were set to open from 2019 to 2021, with a capacity of approximately 3.3 million metric tons annually (MMmt/y). The manufacturing is anticipated to raise the overall methanol capacity to 9.4 MMmt, indicating an increase of nearly 45% compared to the nation’s current capacity.

On the other hand, the share of renewable energy in terms of power generation is on the rise in the United States. Moreover, the country is also the largest biofuel producer in the world. The two core technology options within the transport sector in the United States are electric vehicles (EVs) and liquid biofuels. Additionally, a shift in modes of transportation, including city trams for passenger cars and the use of high-speed trains with renewable power instead of diesel-based trucks, are other alternatives for the transport sector, augmenting the need for renewable methanol in the country. Hence, the aforementioned factors are projected to fuel the growth of the renewable methanol market in the United States over the forecast period

The North America renewable methanol market is primarily segmented into feedstock, application, and end-user. The feedstock category is further classified into CO2 emissions, forestry residues, agricultural waste, other feedstocks, and municipal solid waste. Agricultural activity results in a significant amount of biomass with the potential to be converted into renewable methanol or biomethanol. Besides, as per estimations, around 998 million metric tons of agricultural waste is produced globally.

Conversely, forest residual biomass, including leaves, needles, branches, as well as woodchips, is produced while harvesting trees. These by-products can be used as a feedstock for manufacturing biochemicals like renewable methanol. Moreover, numerous companies have also utilized forest residual biomass in order to produce renewable methanol.

The top players operating in the North America renewable methanol market are Advanced Chemical Technologies, Fraunhofer, BASF SE, etc.

BASF SE, headquartered in Germany, is one of the largest chemical companies across the globe. Its product portfolio comprises functional material and solutions, oils and gas, performance products, agricultural solutions, and chemicals.

With five business segments, namely, agricultural solutions, performance products, chemicals, oil and gas, and functional materials and solutions, the company is operational across the Americas, Asia-Pacific, Africa, the Middle East, and Europe.

Report Synopsis

Report ScopeDetails
Market Forecast Years2022-2030
Base Year2021
Market Historical Years2018-2021
Forecast UnitsRevenue ($ Million) Volume (Kilotons)
Segments AnalyzedFeedstock, Application, and End-User
Countries AnalyzedThe United States and Canada
Companies Analyzed

Nordic Green, OCI NV, SerEnergy A/S, Advanced Chemical Technologies, Methanol Holdings (Trinidad) Ltd, Atlantic Methanol, Carbon Recycling International (CRI), Gujarat Narmada Valley Fertilizers & Chemicals Ltd, Sodra, Enerkem, Methanex Corporation, Southern Chemical Corporation, Fraunhofer, Innogy, BASF SE

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • KEY DRIVERS
        • SHIFTING TREND TOWARD SUSTAINABLE ENERGY SOURCES
        • AVAILABILITY OF RENEWABLE METHANOL
        • STRINGENT GOVERNMENT RULES AND REGULATIONS
      • KEY RESTRAINTS
        • HIGH INSTALLATION COSTS
        • HEALTH CONCERNS
    1. KEY ANALYTICS
      • IMPACT OF COVID-19 ON RENEWABLE METHANOL MARKET
      • KEY MARKET TRENDS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
      • REGULATORY FRAMEWORK
    2. MARKET BY FEEDSTOCK
      • AGRICULTURAL WASTE
      • FORESTRY RESIDUES
      • MUNICIPAL SOLID WASTE
      • CO2 EMISSION
      • OTHER FEEDSTOCKS
    3. MARKET BY APPLICATION
      • FORMALDEHYDE
      • DIMETHYL ETHER (DME) & METHYL TERT-BUTYL ETHER (MTBE)
      • GASOLINE
      • SOLVENT
      • OTHER APPLICATIONS
    4. MARKET BY END-USER
      • CHEMICAL
      • TRANSPORTATION
      • POWER GENERATION
      • OTHER END-USERS
    5. GEOGRAPHICAL ANALYSIS
      • NORTH AMERICA
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED STATES
          • CANADA
    1. COMPETITIVE LANDSCAPE
      • KEY STRATEGIC DEVELOPMENTS
        • PRODUCT LAUNCHES & DEVELOPMENTS
        • PARTNERSHIPS & AGREEMENTS
        • BUSINESS EXPANSIONS & DIVESTITURES
      • COMPANY PROFILES
        • ADVANCED CHEMICAL TECHNOLOGIES
        • BASF SE
        • CARBON RECYCLING INTERNATIONAL (CRI)
        • ENERKEM
        • FRAUNHOFER
        • INNOGY
        • NORDIC GREEN
        • OCI NV
        • SERENERGY A/S
        • SODRA
        • METHANEX CORPORATION
        • METHANOL HOLDINGS (TRINIDAD) LTD
        • GUJARAT NARMADA VALLEY FERTILIZERS & CHEMICALS LTD
        • SOUTHERN CHEMICAL CORPORATION
        • ATLANTIC METHANOL

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – RENEWABLE METHANOL

    TABLE 2: NORTH AMERICA RENEWABLE METHANOL MARKET, BY FEEDSTOCK, HISTORICAL YEARS, 2018-2021 (IN KILOTONS)

    TABLE 3: NORTH AMERICA RENEWABLE METHANOL MARKET, BY FEEDSTOCK, FORECAST YEARS, 2022-2030 (IN KILOTONS)

    TABLE 4: NORTH AMERICA RENEWABLE METHANOL MARKET, BY FEEDSTOCK, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 5: NORTH AMERICA RENEWABLE METHANOL MARKET, BY FEEDSTOCK, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 6: NORTH AMERICA RENEWABLE METHANOL MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2021 (IN KILOTONS)

    TABLE 7: NORTH AMERICA RENEWABLE METHANOL MARKET, BY APPLICATION, FORECAST YEARS, 2022-2030 (IN KILOTONS)

    TABLE 8: NORTH AMERICA RENEWABLE METHANOL MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 9: NORTH AMERICA RENEWABLE METHANOL MARKET, BY APPLICATION, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 10: NORTH AMERICA RENEWABLE METHANOL MARKET, BY END-USER, HISTORICAL YEARS, 2018-2021 (IN KILOTONS)

    TABLE 11: NORTH AMERICA RENEWABLE METHANOL MARKET, BY END-USER, FORECAST YEARS, 2022-2030 (IN KILOTONS)

    TABLE 12: NORTH AMERICA RENEWABLE METHANOL MARKET, BY END-USER, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 13: NORTH AMERICA RENEWABLE METHANOL MARKET, BY END-USER, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 14: NORTH AMERICA RENEWABLE METHANOL MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN KILOTONS)

    TABLE 15: NORTH AMERICA RENEWABLE METHANOL MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN KILOTONS)

    TABLE 16: NORTH AMERICA RENEWABLE METHANOL MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 17: NORTH AMERICA RENEWABLE METHANOL MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)

    TABLE 18: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

    TABLE 19: LIST OF PARTNERSHIPS & AGREEMENTS

    TABLE 20: LIST OF BUSINESS EXPANSIONS & DIVESTITURES                        

    LIST OF FIGURES

    FIGURE 1: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 2: OPPORTUNITY MATRIX

    FIGURE 3: VENDOR LANDSCAPE

    FIGURE 4: NORTH AMERICA RENEWABLE METHANOL MARKET, GROWTH POTENTIAL, BY FEEDSTOCK, IN 2021

    FIGURE 5: NORTH AMERICA RENEWABLE METHANOL MARKET, BY AGRICULTURAL WASTE, 2022-2030 (IN $ MILLION)

    FIGURE 6: NORTH AMERICA RENEWABLE METHANOL MARKET, BY FORESTRY RESIDUES, 2022-2030 (IN $ MILLION)

    FIGURE 7: NORTH AMERICA RENEWABLE METHANOL MARKET, BY MUNICIPAL SOLID WASTE, 2022-2030 (IN $ MILLION)

    FIGURE 8: NORTH AMERICA RENEWABLE METHANOL MARKET, BY CO2 EMISSION, 2022-2030 (IN $ MILLION)

    FIGURE 9: NORTH AMERICA RENEWABLE METHANOL MARKET, BY OTHER FEEDSTOCKS, 2022-2030 (IN $ MILLION)

    FIGURE 10: NORTH AMERICA RENEWABLE METHANOL MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2021

    FIGURE 11: NORTH AMERICA RENEWABLE METHANOL MARKET, BY FORMALDEHYDE, 2022-2030 (IN $ MILLION)

    FIGURE 12: NORTH AMERICA RENEWABLE METHANOL MARKET, BY DIMETHYL ETHER (DME) & METHYL TERT-BUTYL ETHER (MTBE), 2022-2030 (IN $ MILLION)

    FIGURE 13: NORTH AMERICA RENEWABLE METHANOL MARKET, BY GASOLINE, 2022-2030 (IN $ MILLION)

    FIGURE 14: NORTH AMERICA RENEWABLE METHANOL MARKET, BY SOLVENT, 2022-2030 (IN $ MILLION)

    FIGURE 15: NORTH AMERICA RENEWABLE METHANOL MARKET, BY OTHER APPLICATIONS, 2022-2030 (IN $ MILLION)

    FIGURE 16: NORTH AMERICA RENEWABLE METHANOL MARKET, GROWTH POTENTIAL, BY END-USER, IN 2021

    FIGURE 17: NORTH AMERICA RENEWABLE METHANOL MARKET, BY CHEMICAL, 2022-2030 (IN $ MILLION)

    FIGURE 18: NORTH AMERICA RENEWABLE METHANOL MARKET, BY TRANSPORTATION, 2022-2030 (IN $ MILLION)

    FIGURE 19: NORTH AMERICA RENEWABLE METHANOL MARKET, BY POWER GENERATION, 2022-2030 (IN $ MILLION)

    FIGURE 20: NORTH AMERICA RENEWABLE METHANOL MARKET, BY OTHER END-USERS, 2022-2030 (IN $ MILLION)

    FIGURE 21: NORTH AMERICA RENEWABLE METHANOL MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)

    FIGURE 22: UNITED STATES RENEWABLE METHANOL MARKET, 2022-2030 (IN $ MILLION)

    FIGURE 23: CANADA RENEWABLE METHANOL MARKET, 2022-2030 (IN $ MILLION)       

    1. GEOGRAPHICAL ANALYSIS
      • NORTH AMERICA
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED STATES
          • CANADA
    1. MARKET BY FEEDSTOCK
      • AGRICULTURAL WASTE
      • FORESTRY RESIDUES
      • MUNICIPAL SOLID WASTE
      • CO2 EMISSION
      • OTHER FEEDSTOCKS
    2. MARKET BY APPLICATION
      • FORMALDEHYDE
      • DIMETHYL ETHER (DME) & METHYL TERT-BUTYL ETHER (MTBE)
      • GASOLINE
      • SOLVENT
      • OTHER APPLICATIONS
    3. MARKET BY END-USER
      • CHEMICAL
      • TRANSPORTATION
      • POWER GENERATION
      • OTHER END-USERS

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