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GLOBAL RENEWABLE METHANOL MARKET FORECAST 2024-2032

SCOPE OF THE REPORT

Global 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

In terms of revenue, the global renewable methanol market was valued at $xx million in 2023 and is expected to reach $4450.98 million by 2032, growing at a CAGR of 4.29% during the forecast period, 2024-2032. In terms of volume, the global renewable methanol market was valued at xx kilotons in 2023 and is expected to reach 7585.43 kilotons by 2032, growing at a CAGR of 2.94% during the forecast period, 2024-2032.

Renewable methanol, a sustainable alternative to traditional fossil-based methanol, is gaining significant traction in global markets. With increasing concerns over carbon emissions and environmental sustainability, the demand for renewable methanol is on the rise. The market has experienced substantial growth driven by initiatives promoting renewable energy sources and stringent regulations aimed at reducing greenhouse gas emissions.

Renewable methanol production has seen notable advancements, with innovative technologies enabling efficient and cost-effective production processes. As a result, the industry is witnessing a surge in consumption across various sectors, including transportation, chemicals, and energy storage.

Renewable Methanol Market Size

Read our latest blog on the Renewable Methanol Market

GROWTH ENABLERS

Key growth enablers of the global renewable methanol market are:

  • Growing emphasis on reducing greenhouse gas emissions and achieving carbon neutrality
  • Ongoing advancements in renewable energy technologies and processes
    • As renewable energy sources become increasingly efficient and cost-effective, the production of renewable methanol becomes economically viable compared to traditional fossil-based methanol. 
    • Improved technologies enable higher yields and lower production costs, making renewable methanol a competitive alternative in various industries. 
    • Additionally, advancements in renewable energy storage and distribution infrastructure further facilitate the integration of renewable methanol into existing energy systems. 
    • Overall, these developments foster the expansion of the renewable methanol market by enhancing its attractiveness as a sustainable and environmentally friendly fuel option, driving demand across diverse sectors.
  • Supportive regulatory frameworks, subsidies, and incentives

GROWTH RESTRAINTS

Key factors restraining the global renewable methanol market growth are:

  • Establishment of production plants requires significant upfront capital investment
  • Competition from fossil-based methanol remains strong
    • Despite the increasing demand for renewable and sustainable alternatives, fossil-based methanol continues to dominate the market due to its established infrastructure, lower production costs, and extensive distribution networks.
    • Fossil-based methanol producers benefit from economies of scale and established market relationships, making it challenging for renewable methanol producers to compete solely on cost.
    • Additionally, uncertainties surrounding government policies and regulations, as well as fluctuations in crude oil prices, can further exacerbate the competitive landscape.
    • Overcoming this restraint requires continued investment in research and development to improve the efficiency and cost-effectiveness of renewable methanol production processes, along with supportive policies and incentives to encourage its adoption and market penetration.
  • Limited availability of cost-effective feedstocks

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KEY MARKET TRENDS

Global Renewable Methanol Market | Key Market Trends

  • The global renewable methanol market is currently witnessing two prominent trends – a focus on carbon recycling for sustainable production and increasing applications in transportation sectors.
  • Carbon recycling, aimed at utilizing carbon dioxide (CO2) emissions as feedstock for methanol production, is gaining traction as a sustainable solution to reduce greenhouse gas emissions. This trend aligns with the rising environmental concerns and the shift towards renewable and low-carbon energy sources.
  • The rising adoption of renewable methanol in transportation sectors, such as automotive and marine industries, is driven by its potential as a clean-burning fuel with lower emissions compared to traditional fossil fuels. This trend reflects the growing demand for alternative fuels to reduce carbon footprints and mitigate climate change impacts in transportation.

MARKET SEGMENTATION

Market Segmentation – Feedstock, Application, and End-User –

Market by Feedstock:

  • Agricultural Waste
  • Forestry Residues
  • Municipal Solid Waste
  • CO2 Emission
    • Carbon dioxide (CO2) emissions, as a feedstock for renewable methanol production, are poised to be the fastest-growing feedstock due to their dual benefit of reducing greenhouse gas emissions while producing a valuable fuel.
    • Governments and industries worldwide are increasingly prioritizing carbon capture and utilization (CCU) technologies to mitigate climate change and achieve sustainability goals.
    • Utilizing CO2 as a feedstock for renewable methanol not only helps in reducing CO2 emissions but also provides an opportunity to produce a clean-burning fuel.
    • For instance, in Iceland, a project named CarbFix has been successfully capturing CO2 emissions from a geothermal power plant and injecting them into basaltic rocks, where they mineralize and form stable carbonate minerals, effectively storing the CO2 underground while producing renewable methanol.
  • 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
    • Power generation as an end-user is anticipated to be the fastest-growing segment in the renewable methanol market due to increasing efforts to decarbonize electricity generation.
    • With a growing emphasis on transitioning to renewable energy sources, there is a rising demand for energy storage solutions and renewable fuels to complement intermittent renewable energy generation, such as wind and solar power.
    • Renewable methanol offers a promising solution as it can be easily stored and transported, providing a reliable source of renewable energy for power generation.
    • Additionally, renewable methanol can be used in fuel cells to generate electricity efficiently and cleanly. For example, in Germany, a project called eMethanol is exploring the use of renewable methanol as a fuel for power generation, showcasing the potential of this application in decarbonizing the energy sector.
  • Other End-Users

GEOGRAPHICAL STUDY

Geographical Study based on Four Major Regions:

  • North America: The United States and Canada
  • Europe: The United Kingdom, Germany, France, Italy, Spain, Netherlands, Poland, and Rest of Europe
    • The renewable methanol market in Europe is experiencing significant growth due to stringent environmental regulations and an increasing focus on sustainability.
    • Governments and industries are investing in renewable energy sources to reduce carbon emissions, driving the demand for renewable methanol as a clean fuel and chemical feedstock.
    • Major end-users adopting renewable methanol include transportation, power generation, and chemical industries. Companies such as Enerkem, BioMCN, and Carbon Recycling International are leading players in the European renewable methanol market, investing in production facilities and partnerships to meet the growing demand.
    • With supportive policies and growing awareness of the environmental benefits of renewable methanol, the market in Europe is poised for further expansion in the coming years.
  • Asia-Pacific: China, Japan, India, South Korea, Singapore, Indonesia, Thailand, Vietnam, Australia & New Zealand, and Rest of Asia-Pacific
  • Rest of World: Latin America, the Middle East & Africa

MAJOR PLAYERS

Some of the major players in the global renewable methanol market are:

  • Advanced Chemical Technologies
  • BASF SE
  • Enerkem
  • Fraunhofer
  • Serenergy A/S
  • Uniper SE

Key strategies adopted by some of these companies:

  • February 2024: BASF launched bio-based methanol production, which marked a significant step for BASF in the renewable methanol market. Their bio-based methanol utilizes captured industrial off-gases as feedstock, offering a sustainable alternative to traditional production methods.
  • December 2023: Saudi Aramco invested in a renewable methanol project in Chile. This business expansion by a major oil and gas company signifies a shift toward sustainable fuels. The project in Chile leverages the country’s abundant wind resources for renewable hydrogen production, a key ingredient in renewable methanol.

REPORT SYNOPSIS

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

Revenue ($ Million) and Volume (Kilotons)

Segments AnalyzedFeedstock, Application, and End-User
Geographies AnalyzedNorth America, Europe, Asia-Pacific, and Rest of World
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
      1. GROWTH PROSPECT MAPPING – NORTH AMERICA
      2. GROWTH PROSPECT MAPPING – EUROPE
      3. GROWTH PROSPECT MAPPING – ASIA-PACIFIC
      4. GROWTH PROSPECT MAPPING – REST OF WORLD
    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. NORTH AMERICA
      1. MARKET SIZE & ESTIMATES
      2. NORTH AMERICA RENEWABLE METHANOL MARKET DRIVERS
      3. NORTH AMERICA RENEWABLE METHANOL MARKET CHALLENGES
      4. KEY PLAYERS IN NORTH AMERICA RENEWABLE METHANOL MARKET
      5. COUNTRY ANALYSIS
        1. UNITED STATES
          1. UNITED STATES RENEWABLE METHANOL MARKET SIZE & OPPORTUNITIES
        2. CANADA
          1. CANADA RENEWABLE METHANOL MARKET SIZE & OPPORTUNITIES
    2. 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
    3. ASIA-PACIFIC
      1. MARKET SIZE & ESTIMATES
      2. ASIA-PACIFIC RENEWABLE METHANOL MARKET DRIVERS
      3. ASIA-PACIFIC RENEWABLE METHANOL MARKET CHALLENGES
      4. KEY PLAYERS IN ASIA-PACIFIC RENEWABLE METHANOL MARKET
      5. COUNTRY ANALYSIS
        1. CHINA
          1. CHINA RENEWABLE METHANOL MARKET SIZE & OPPORTUNITIES
        2. JAPAN
          1. JAPAN RENEWABLE METHANOL MARKET SIZE & OPPORTUNITIES
        3. INDIA
          1. INDIA RENEWABLE METHANOL MARKET SIZE & OPPORTUNITIES
        4. SOUTH KOREA
          1. SOUTH KOREA RENEWABLE METHANOL MARKET SIZE & OPPORTUNITIES
        5. INDONESIA
          1. INDONESIA RENEWABLE METHANOL MARKET SIZE & OPPORTUNITIES
        6. THAILAND
          1. THAILAND RENEWABLE METHANOL MARKET SIZE & OPPORTUNITIES
        7. VIETNAM
          1. VIETNAM RENEWABLE METHANOL MARKET SIZE & OPPORTUNITIES
        8. AUSTRALIA & NEW ZEALAND
          1. AUSTRALIA & NEW ZEALAND RENEWABLE METHANOL MARKET SIZE & OPPORTUNITIES
        9. REST OF ASIA-PACIFIC
          1. REST OF ASIA-PACIFIC RENEWABLE METHANOL MARKET SIZE & OPPORTUNITIES
    4. REST OF WORLD
      1. MARKET SIZE & ESTIMATES
      2. REST OF WORLD RENEWABLE METHANOL MARKET DRIVERS
      3. REST OF WORLD RENEWABLE METHANOL MARKET CHALLENGES
      4. KEY PLAYERS IN REST OF WORLD RENEWABLE METHANOL MARKET
      5. REGIONAL ANALYSIS
        1. LATIN AMERICA
          1. LATIN AMERICA RENEWABLE METHANOL MARKET SIZE & OPPORTUNITIES
        2. MIDDLE EAST & AFRICA
          1. MIDDLE EAST & AFRICA 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: GLOBAL RENEWABLE METHANOL MARKET, BY FEEDSTOCK, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

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

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

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

TABLE 7: GLOBAL AGRICULTURAL WASTE MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 8: GLOBAL AGRICULTURAL WASTE MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 9: GLOBAL AGRICULTURAL WASTE MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN KILOTONS)

TABLE 10: GLOBAL AGRICULTURAL WASTE MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN KILOTONS)

TABLE 11: GLOBAL FORESTRY RESIDUES MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 12: GLOBAL FORESTRY RESIDUES MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 13: GLOBAL FORESTRY RESIDUES MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN KILOTONS)

TABLE 14: GLOBAL FORESTRY RESIDUES MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN KILOTONS)

TABLE 15: GLOBAL MUNICIPAL SOLID WASTE MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 16: GLOBAL MUNICIPAL SOLID WASTE MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 17: GLOBAL MUNICIPAL SOLID WASTE MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN KILOTONS

TABLE 18: GLOBAL MUNICIPAL SOLID WASTE MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN KILOTONS)

TABLE 19: GLOBAL CO2 EMISSION MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 20: GLOBAL CO2 EMISSION MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 21: GLOBAL CO2 EMISSION MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN KILOTONS)

TABLE 22: GLOBAL CO2 EMISSION MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN KILOTONS)

TABLE 23: GLOBAL OTHER FEEDSTOCKS MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 24: GLOBAL OTHER FEEDSTOCKS MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 25: GLOBAL OTHER FEEDSTOCKS MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN KILOTONS)

TABLE 26: GLOBAL OTHER FEEDSTOCKS MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN KILOTONS)

TABLE 27: GLOBAL RENEWABLE METHANOL MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 28: GLOBAL RENEWABLE METHANOL MARKET, BY APPLICATION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 29: GLOBAL RENEWABLE METHANOL MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN KILOTONS)

TABLE 30: GLOBAL RENEWABLE METHANOL MARKET, BY APPLICATION, FORECAST YEARS, 2024-2032 (IN KILOTONS)

TABLE 31: GLOBAL FORMALDEHYDE MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 32: GLOBAL FORMALDEHYDE MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 33: GLOBAL FORMALDEHYDE MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN KILOTONS)

TABLE 34: GLOBAL FORMALDEHYDE MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN KILOTONS)

TABLE 35: GLOBAL DIMETHYL ETHER (DME) & METHYL TERT-BUTYL ETHER (MTBE) MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 36: GLOBAL DIMETHYL ETHER (DME) & METHYL TERT-BUTYL ETHER (MTBE) MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 37: GLOBAL DIMETHYL ETHER (DME) & METHYL TERT-BUTYL ETHER (MTBE) MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN KILOTONS)

TABLE 38: GLOBAL DIMETHYL ETHER (DME) & METHYL TERT-BUTYL ETHER (MTBE) MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN KILOTONS)

TABLE 39: GLOBAL GASOLINE MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 40: GLOBAL GASOLINE MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 41: GLOBAL GASOLINE MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN KILOTONS)

TABLE 42: GLOBAL GASOLINE MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN KILOTONS)

TABLE 43: GLOBAL SOLVENT MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 44: GLOBAL SOLVENT MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 45: GLOBAL SOLVENT MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN KILOTONS)

TABLE 46: GLOBAL SOLVENT MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN KILOTONS)

TABLE 47: GLOBAL OTHER APPLICATIONS MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 48: GLOBAL OTHER APPLICATIONS MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 49: GLOBAL OTHER APPLICATIONS MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN KILOTONS)

TABLE 50: GLOBAL OTHER APPLICATIONS MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN KILOTONS)

TABLE 51: GLOBAL RENEWABLE METHANOL MARKET, BY END-USER, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 52: GLOBAL RENEWABLE METHANOL MARKET, BY END-USER, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 53: GLOBAL RENEWABLE METHANOL MARKET, BY END-USER, HISTORICAL YEARS, 2018-2022 (IN KILOTONS)

TABLE 54: GLOBAL RENEWABLE METHANOL MARKET, BY END-USER, FORECAST YEARS, 2024-2032 (IN KILOTONS)

TABLE 55: GLOBAL CHEMICAL MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 56: GLOBAL CHEMICAL MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 57: GLOBAL CHEMICAL MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN KILOTONS)

TABLE 58: GLOBAL CHEMICAL MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN KILOTONS)

TABLE 59: GLOBAL TRANSPORTATION MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 60: GLOBAL TRANSPORTATION MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 61: GLOBAL TRANSPORTATION MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN KILOTONS)

TABLE 62: GLOBAL TRANSPORTATION MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN KILOTONS)

TABLE 63: GLOBAL POWER GENERATION MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 64: GLOBAL POWER GENERATION MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 65: GLOBAL POWER GENERATION MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN KILOTONS)

TABLE 66: GLOBAL POWER GENERATION MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN KILOTONS)

TABLE 67: GLOBAL OTHER END-USERS MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 68: GLOBAL OTHER END-USERS MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 69: GLOBAL OTHER END-USERS MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN KILOTONS)

TABLE 70: GLOBAL OTHER END-USERS MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN KILOTONS)

TABLE 71: GLOBAL RENEWABLE METHANOL MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 72: GLOBAL RENEWABLE METHANOL MARKET, BY GEOGRAPHY, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 73: GLOBAL RENEWABLE METHANOL MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2018-2022 (IN KILOTONS)

TABLE 74: GLOBAL RENEWABLE METHANOL MARKET, BY GEOGRAPHY, FORECAST YEARS, 2024-2032 (IN KILOTONS)

TABLE 75: NORTH AMERICA RENEWABLE METHANOL MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 76: NORTH AMERICA RENEWABLE METHANOL MARKET, BY COUNTRY, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 77: NORTH AMERICA RENEWABLE METHANOL MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN KILOTONS)

TABLE 78: NORTH AMERICA RENEWABLE METHANOL MARKET, BY COUNTRY, FORECAST YEARS, 2024-2032 (IN KILOTONS)

TABLE 79: KEY PLAYERS OPERATING IN NORTH AMERICA RENEWABLE METHANOL MARKET

TABLE 80: EUROPE RENEWABLE METHANOL MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 81: EUROPE RENEWABLE METHANOL MARKET, BY COUNTRY, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 82: EUROPE RENEWABLE METHANOL MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN KILOTONS)

TABLE 83: EUROPE RENEWABLE METHANOL MARKET, BY COUNTRY, FORECAST YEARS, 2024-2032 (IN KILOTONS)

TABLE 84: KEY PLAYERS OPERATING IN EUROPE RENEWABLE METHANOL MARKET

TABLE 85: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 86: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY COUNTRY, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 87: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN KILOTONS)

TABLE 88: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY COUNTRY, FORECAST YEARS, 2024-2032 (IN KILOTONS)

TABLE 89: KEY PLAYERS OPERATING IN ASIA-PACIFIC RENEWABLE METHANOL MARKET

TABLE 90: REST OF WORLD RENEWABLE METHANOL MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 91: REST OF WORLD RENEWABLE METHANOL MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 92: REST OF WORLD RENEWABLE METHANOL MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN KILOTONS)

TABLE 93: REST OF WORLD RENEWABLE METHANOL MARKET, BY REGION, FORECAST YEARS, 2024-2032 (IN KILOTONS)

TABLE 94: KEY PLAYERS OPERATING IN REST OF WORLD RENEWABLE METHANOL MARKET

TABLE 95: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 96: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 97: 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 – NORTH AMERICA

FIGURE 6: GROWTH PROSPECT MAPPING – EUROPE

FIGURE 7: GROWTH PROSPECT MAPPING – ASIA-PACIFIC

FIGURE 8: GROWTH PROSPECT MAPPING – REST OF WORLD

FIGURE 9: MARKET MATURITY ANALYSIS

FIGURE 10: MARKET CONCENTRATION ANALYSIS

FIGURE 11: VALUE CHAIN ANALYSIS

FIGURE 12: GLOBAL RENEWABLE METHANOL MARKET, GROWTH POTENTIAL, BY FEEDSTOCK, IN 2023

FIGURE 13: GLOBAL RENEWABLE METHANOL MARKET, BY AGRICULTURAL WASTE, 2024-2032 (IN $ MILLION)

FIGURE 14: GLOBAL RENEWABLE METHANOL MARKET, BY AGRICULTURAL WASTE, 2024-2032 (IN KILOTONS)

FIGURE 15: GLOBAL RENEWABLE METHANOL MARKET, BY FORESTRY RESIDUES, 2024-2032 (IN $ MILLION)

FIGURE 16: GLOBAL RENEWABLE METHANOL MARKET, BY FORESTRY RESIDUES, 2024-2032 (IN KILOTONS)

FIGURE 17: GLOBAL RENEWABLE METHANOL MARKET, BY MUNICIPAL SOLID WASTE, 2024-2032 (IN $ MILLION)

FIGURE 18: GLOBAL RENEWABLE METHANOL MARKET, BY MUNICIPAL SOLID WASTE, 2024-2032 (IN KILOTONS)

FIGURE 19: GLOBAL RENEWABLE METHANOL MARKET, BY CO2 EMISSION, 2024-2032 (IN $ MILLION)

FIGURE 20: GLOBAL RENEWABLE METHANOL MARKET, BY CO2 EMISSION, 2024-2032 (IN KILOTONS)

FIGURE 21: GLOBAL RENEWABLE METHANOL MARKET, BY OTHER FEEDSTOCKS, 2024-2032 (IN $ MILLION)

FIGURE 22: GLOBAL RENEWABLE METHANOL MARKET, BY OTHER FEEDSTOCKS, 2024-2032 (IN KILOTONS)

FIGURE 23: GLOBAL RENEWABLE METHANOL MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2023

FIGURE 24: GLOBAL RENEWABLE METHANOL MARKET, BY FORMALDEHYDE, 2024-2032 (IN $ MILLION)

FIGURE 25: GLOBAL RENEWABLE METHANOL MARKET, BY FORMALDEHYDE, 2024-2032 (IN KILOTONS)

FIGURE 26: GLOBAL RENEWABLE METHANOL MARKET, BY DIMETHYL ETHER (DME) & METHYL TERT-BUTYL ETHER (MTBE), 2024-2032 (IN $ MILLION)

FIGURE 27: GLOBAL RENEWABLE METHANOL MARKET, BY DIMETHYL ETHER (DME) & METHYL TERT-BUTYL ETHER (MTBE), 2024-2032 (IN KILOTONS)

FIGURE 28: GLOBAL RENEWABLE METHANOL MARKET, BY GASOLINE, 2024-2032 (IN $ MILLION)

FIGURE 29: GLOBAL RENEWABLE METHANOL MARKET, BY GASOLINE, 2024-2032 (IN KILOTONS)

FIGURE 30: GLOBAL RENEWABLE METHANOL MARKET, BY SOLVENT, 2024-2032 (IN $ MILLION)

FIGURE 31: GLOBAL RENEWABLE METHANOL MARKET, BY SOLVENT, 2024-2032 (IN KILOTONS)

FIGURE 32: GLOBAL RENEWABLE METHANOL MARKET, BY OTHER APPLICATIONS, 2024-2032 (IN $ MILLION)

FIGURE 33: GLOBAL RENEWABLE METHANOL MARKET, BY OTHER APPLICATIONS, 2024-2032 (IN KILOTONS)

FIGURE 34: GLOBAL RENEWABLE METHANOL MARKET, GROWTH POTENTIAL, BY END-USER, IN 2023

FIGURE 35: GLOBAL RENEWABLE METHANOL MARKET, BY CHEMICAL, 2024-2032 (IN $ MILLION)

FIGURE 36: GLOBAL RENEWABLE METHANOL MARKET, BY CHEMICAL, 2024-2032 (IN KILOTONS)

FIGURE 37: GLOBAL RENEWABLE METHANOL MARKET, BY TRANSPORTATION, 2024-2032 (IN $ MILLION)

FIGURE 38: GLOBAL RENEWABLE METHANOL MARKET, BY TRANSPORTATION, 2024-2032 (IN KILOTONS)

FIGURE 39: GLOBAL RENEWABLE METHANOL MARKET, BY POWER GENERATION, 2024-2032 (IN $ MILLION)

FIGURE 40: GLOBAL RENEWABLE METHANOL MARKET, BY POWER GENERATION, 2024-2032 (IN KILOTONS)

FIGURE 41: GLOBAL RENEWABLE METHANOL MARKET, BY OTHER END-USERS, 2024-2032 (IN $ MILLION)

FIGURE 42: GLOBAL RENEWABLE METHANOL MARKET, BY OTHER END-USERS, 2024-2032 (IN KILOTONS)

FIGURE 43: NORTH AMERICA RENEWABLE METHANOL MARKET, COUNTRY OUTLOOK, 2023 & 2032 (IN %)

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

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

FIGURE 46: EUROPE RENEWABLE METHANOL MARKET, COUNTRY OUTLOOK, 2023 & 2032 (IN %)

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

FIGURE 48: GERMANY RENEWABLE METHANOL MARKET, 2024-2032 (IN $ MILLION)

FIGURE 49: FRANCE RENEWABLE METHANOL MARKET, 2024-2032 (IN $ MILLION)

FIGURE 50: ITALY RENEWABLE METHANOL MARKET, 2024-2032 (IN $ MILLION)

FIGURE 51: SPAIN RENEWABLE METHANOL MARKET, 2024-2032 (IN $ MILLION)

FIGURE 52: NETHERLANDS RENEWABLE METHANOL MARKET, 2024-2032 (IN $ MILLION)

FIGURE 53: POLAND RENEWABLE METHANOL MARKET, 2024-2032 (IN $ MILLION)

FIGURE 54: REST OF EUROPE RENEWABLE METHANOL MARKET, 2024-2032 (IN $ MILLION)

FIGURE 55: ASIA-PACIFIC RENEWABLE METHANOL MARKET, COUNTRY OUTLOOK, 2023 & 2032 (IN %)

FIGURE 56: CHINA RENEWABLE METHANOL MARKET, 2024-2032 (IN $ MILLION)

FIGURE 57: JAPAN RENEWABLE METHANOL MARKET, 2024-2032 (IN $ MILLION)

FIGURE 58: INDIA RENEWABLE METHANOL MARKET, 2024-2032 (IN $ MILLION)

FIGURE 59: SOUTH KOREA RENEWABLE METHANOL MARKET, 2024-2032 (IN $ MILLION)

FIGURE 60: INDONESIA RENEWABLE METHANOL MARKET, 2024-2032 (IN $ MILLION)

FIGURE 61: THAILAND RENEWABLE METHANOL MARKET, 2024-2032 (IN $ MILLION)

FIGURE 62: VIETNAM RENEWABLE METHANOL MARKET, 2024-2032 (IN $ MILLION)

FIGURE 63: AUSTRALIA & NEW ZEALAND RENEWABLE METHANOL MARKET, 2024-2032 (IN $ MILLION)

FIGURE 64: REST OF ASIA-PACIFIC RENEWABLE METHANOL MARKET, 2024-2032 (IN $ MILLION)

FIGURE 65: REST OF WORLD RENEWABLE METHANOL MARKET, REGIONAL OUTLOOK, 2023 & 2032 (IN %)

FIGURE 66: LATIN AMERICA RENEWABLE METHANOL MARKET, 2024-2032 (IN $ MILLION)

FIGURE 67: MIDDLE EAST & AFRICA RENEWABLE METHANOL MARKET, 2024-2032 (IN $ MILLION)

FAQ’s

FAQs

Yes, renewable methanol is produced from sustainable sources such as biomass, CO2, and hydrogen, making it a renewable resource with lower carbon emissions compared to traditional methanol derived from fossil fuels.

Yes, methanol can be used as a fuel in various applications, including transportation, power generation, and heating. It is increasingly being adopted as a clean and efficient alternative fuel due to its lower emissions and compatibility with existing infrastructure.

The demand for renewable methanol is driven by stringent environmental regulations, increasing focus on decarbonization, and growing awareness of sustainability. Industries such as transportation, power generation, and chemical manufacturing are key consumers of renewable methanol, driving its production and consumption globally.

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