Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Renewable methanol is produced from renewable sources such as industrial wastages and biomass. It is a key ingredient in the manufacturing of biodiesel production which can be used with automobile fuels. Renewable methanol is widely used across power generation, transportation, automobiles, and chemical manufacturing sectors. Renewable methanol contributes to decreasing carbon dioxide emissions level by 60%-80%.

The global renewable methanol market is projected to reach around US$ 266.2 million by the end of 2027, in terms of revenue, growing at CAGR of 6.5% during the forecast period (2020-2027).

Drivers:

Rising demand for renewable methanol as a motor fuel across the transportation industry is projected to augment market growth. Renewable methanol is produced from natural gas, coal and landfill waste, wood waste, and seaweed. It reduces greenhouse emissions by 15–20% as compared to gasoline. Renewable methanol is used as a motor fuel and also has the highest hydrogen-to-carbon ratio as compared to liquid fuel owing to its high octane number.

Growing environmental concerns due to global warming and changing weather conditions is primarily fueling the market growth of renewable methanol. The depletion of natural resources due to increasing reliance on fossil fuels and fluctuating prices of natural gas and crude oil is also contributing to the market of renewable methanol. Thus, growing environmental concern subjected to CO2 emission is projected to propel the market growth of renewable methanol.

Figure 1. Global Renewable Methanol Market Share (%) in terms of Value, By Region, in 2019

Renewable Methanol  | Coherent Market Insights

Europe region dominated the global renewable methanol market in 2019, accounting for 29.4% share in terms of value, followed by North America and Asia Pacific, respectively.

Market Restraints

High demand for agricultural feedstock for the production of biogas and bioethanol is expected to hamper the production and consumption of renewable methanol. This is expected to hinder the market growth of renewable methanol.

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Renewable Methanol Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 161.2 Mn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 6.5% 2027 Value Projection: US$ 266.2 Mn
Geographies covered (27):
  • North America: U.S., Canada
  • Latin America: Brazil, Argentina, Mexico, Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Africa
Segments covered:
  • By Primary Source: Biomass, Municipal Waste, Industrial Waste, and Others
  • By Application: Formaldehyde, Methyl tert-butyl ether (MTBE), Gasoline, Dimethyl ether, Solvents, and Others
Companies covered:

Methanex Corporation, Carbon Recycling International, BioMCN, Enerkem, Chemrec Inc., Varmlands Methanol

Growth Drivers:
  • Rising demand for renewable methanol as a motor fuel across the transportation industry
  • Growing environmental concerns due to global warming and changing weather conditions
Restraints & Challenges:
  • High demand for agricultural feedstock for the production of biogas and bioethanol

Market Opportunities

Growing demand for renewable methanol from the automotive industry as a superior liquid motor fuel is expected to present lucrative opportunities to the market. According to the Coherent Market Insights analysis, the total number of passenger transport in Europe is expected to increase by over 35% by 2050 as compared to the current level. Increasing the use of an electric vehicle that is powered by fuels and renewable methanol is used in fuel-cell vehicles. Thus, growth in the automotive industry will favor market growth.

Increasing focus of manufacturer on the conversion of industrial and agricultural wastages into renewable methanol is projected to raise the product demand. This is expected to create major opportunities for growth in the market of renewable methanol. Also, increasing demand for bio-based chemicals and solvents around the globe is further expected to accelerate the market growth of renewable methanol. 

Figure 2. Global Renewable Methanol Market– Opportunity Analysis

Renewable Methanol  | Coherent Market Insights

Market Trends

Increasing adoption of advanced and eco-friendly technology for the production of renewable methanol is expected to foster market growth. For instance, in June 2019, Eni and Synhelion, a spin-off of Zurich Polytechnic University (ETHZ), announce the development of new technology for the production of methanol from carbon dioxide (CO2), water and methane. The production of methanol using renewable energy will help Eni to simultaneously work towards the twin targets of greenhouse gas reduction and carbon dioxide usage as raw material.

Figure 3. Global Renewable Methanol Market Share (%) in terms of Value, By Primary Source, in 2019

Renewable Methanol  | Coherent Market Insights

On the basis of primary source in 2019, the biomass segment has accounted the largest market share of 42.4% in terms of value, followed by municipal waste and industrial waste segment respectively.

Regulations

Low Carbon Fuel Standard 

Applicable Region

  • EU: Directive 2009/30/EC (Fuel Quality Directive)
  • Canada (British Columbia): Renewable & Low Carbon Fuel Requirements Regulation
  • U.S. (California): Low Carbon Fuel Standard (also being considered in Oregon, Washington, the Northeast and Mid-Atlantic states, the Midwest states, and at the
  • national level)

Global Renewable Methanol Market - Impact of Coronavirus (Covid-19) Pandemic

The coronavirus outbreak has resulted in lower transport activity across the globe. This has resulted in lower demand for blended fuels from transportation industry, which in turn is expected to impact demand for renewable methanol in 2020. Moreover, low gasoline prices is also impacting renewable methanol consumption. Many production facilities in Brazil, European Union and United States have reduced their production due to sluggish local and international demand. Reduced demand is expected to increased renewable methanol stocks in many markets, decreasing the renewable methanol prices and compromising profitability. The global renewable methanol market is expected to grow at a low CAGR of around 3% for a short term period till 2021.

Competitive Section:

Company Names 

  1. Methanex Corporation
  2. Carbon Recycling International
  3. BioMCN
  4. Enerkem
  5. Chemrec Inc.
  6. VarmlandsMethanol

Renewable methanol is derived from renewable sources such as biomass, municipal waste, and industrial CO2. It is considered as a second-generation biofuel. Renewable methanol can be used as a transportation fuel or as feedstock in chemicals. This fuel emits less amount of carbon emission and can be used with motor fuels in order to improve their octane number. Power generation, manufacturing industries, and transportation are some of the major end-user of renewable methanol.

Market Dynamics

The growing use of fuel blended renewable methanol is expected to be a major trend in the market. According to the Coherent Market Insights analysis, the Philippines and Myanmar have passed various policies mandating the use of fuel blended with renewable methanol by the end of 2020. Thus growing used of fuel blended renewable methanol is expected to augment the market growth over the forecast period.

Partnerships and collaborations are major trend observed in the market due to the growing focus of the manufacturer to expand its product portfolio and presence at the regional and global levels. For instance, in February 2019, Nouryon (formerly AkzoNobel Specialty Chemicals) and Gasunie have entered into a partnership to supply green hydrogen to BioMCN for the production of renewable methanol from CO2, a raw material for biofuels and a variety of chemical feedstocks.

Lack of awareness regarding the benefits of renewable methanol across developing regions is expected to restrict market growth over the forecast period.

Key features of the study:

  • This report provides in-depth analysis of the global renewable methanol market and provides market size (US$ Million & Tons) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
  • This study also provides impact analysis of Coronavirus (Covid-19) pandemic on renewable methanol market.
  • It profiles key players in the global renewable methanol market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include Methanex Corporation, Carbon Recycling International, BioMCN, Enerkem, Chemrec Inc., and Varmlands Methanol
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
  • The global renewable methanol market report caters to various stakeholders in this industry including investors, suppliers, renewable methanol manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the renewable methanol market

Detailed Segmentation:

  • Global Mineral Salt Ingredients Market, By Primary Source:
    • Biomass
    • Municipal Waste
    • Industrial Waste
    • Others
  • Global Mineral Salt Ingredients Market, By Application:
    • Formaldehyde
    • Methyl tert-butyl ether (MTBE)
    • Gasoline
    • Dimethyl Ether
    • Solvents
    • Others
  • Global Mineral Salt Ingredients Market, By Region:
    • North America
      • U.S.
        • By Primary Source:
          • Biomass
          • Municipal Waste
          • Industrial Waste
          • Others
        • By Application:
          • Formaldehyde
          • Methyl tert-butyl ether (MTBE)
          • Gasoline
          • Dimethyl Ether
          • Solvents
          • Others
      • Canada
        • By Primary Source:
          • Biomass
          • Municipal Waste
          • Industrial Waste
          • Others
        • By Application:
          • Formaldehyde
          • Methyl tert-butyl ether (MTBE)
          • Gasoline
          • Dimethyl Ether
          • Solvents
          • Others
    • Europe
      • U.K.
        • By Primary Source:
          • Biomass
          • Municipal Waste
          • Industrial Waste
          • Others
        • By Application:
          • Formaldehyde
          • Methyl tert-butyl ether (MTBE)
          • Gasoline
          • Dimethyl Ether
          • Solvents
          • Others
      • Germany
        • By Primary Source:
          • Biomass
          • Municipal Waste
          • Industrial Waste
          • Others
        • By Application:
          • Formaldehyde
          • Methyl tert-butyl ether (MTBE)
          • Gasoline
          • Dimethyl Ether
          • Solvents
          • Others
      • France
        • By Primary Source:
          • Biomass
          • Municipal Waste
          • Industrial Waste
          • Others
        • By Application:
          • Formaldehyde
          • Methyl tert-butyl ether (MTBE)
          • Gasoline
          • Dimethyl Ether
          • Solvents
          • Others
      • Italy
        • By Primary Source:
          • Biomass
          • Municipal Waste
          • Industrial Waste
          • Others
        • By Application:
          • Formaldehyde
          • Methyl tert-butyl ether (MTBE)
          • Gasoline
          • Dimethyl Ether
          • Solvents
          • Others
      • Spain
        • By Primary Source:
          • Biomass
          • Municipal Waste
          • Industrial Waste
          • Others
        • By Application:
          • Formaldehyde
          • Methyl tert-butyl ether (MTBE)
          • Gasoline
          • Dimethyl Ether
          • Solvents
          • Others
      • Russia
        • By Primary Source:
          • Biomass
          • Municipal Waste
          • Industrial Waste
          • Others
        • By Application:
          • Formaldehyde
          • Methyl tert-butyl ether (MTBE)
          • Gasoline
          • Dimethyl Ether
          • Solvents
          • Others
      • Rest of Europe
        • By Primary Source:
          • Biomass
          • Municipal Waste
          • Industrial Waste
          • Others
        • By Application:
          • Formaldehyde
          • Methyl tert-butyl ether (MTBE)
          • Gasoline
          • Dimethyl Ether
          • Solvents
          • Others
    • Asia Pacific
      • China
        • By Primary Source:
          • Biomass
          • Municipal Waste
          • Industrial Waste
          • Others
        • By Application:
          • Formaldehyde
          • Methyl tert-butyl ether (MTBE)
          • Gasoline
          • Dimethyl Ether
          • Solvents
          • Others
      • India
        • By Primary Source:
          • Biomass
          • Municipal Waste
          • Industrial Waste
          • Others
        • By Application:
          • Formaldehyde
          • Methyl tert-butyl ether (MTBE)
          • Gasoline
          • Dimethyl Ether
          • Solvents
          • Others
      • Japan
        • By Primary Source:
          • Biomass
          • Municipal Waste
          • Industrial Waste
          • Others
        • By Application:
          • Formaldehyde
          • Methyl tert-butyl ether (MTBE)
          • Gasoline
          • Dimethyl Ether
          • Solvents
          • Others
      • ASEAN
        • By Primary Source:
          • Biomass
          • Municipal Waste
          • Industrial Waste
          • Others
        • By Application:
          • Formaldehyde
          • Methyl tert-butyl ether (MTBE)
          • Gasoline
          • Dimethyl Ether
          • Solvents
          • Others
      • Australia
        • By Primary Source:
          • Biomass
          • Municipal Waste
          • Industrial Waste
          • Others
        • By Application:
          • Formaldehyde
          • Methyl tert-butyl ether (MTBE)
          • Gasoline
          • Dimethyl Ether
          • Solvents
          • Others
      • South Korea
        • By Primary Source:
          • Biomass
          • Municipal Waste
          • Industrial Waste
          • Others
        • By Application:
          • Formaldehyde
          • Methyl tert-butyl ether (MTBE)
          • Gasoline
          • Dimethyl Ether
          • Solvents
          • Others
      • Rest of Asia Pacific
        • By Primary Source:
          • Micro Minerals
          • Macro Minerals
            • Sodium
            • Potassium
            • Chloride
            • Calcium
            • Phosphorus
            • Magnesium
        • By Application:
          • Dairy Products
          • Infant formula
          • Functional food
          • Cosmetics and personal care
          • Pharmaceuticals
          • Agriculture
          • Others
    • Latin America
      • Brazil
        • By Primary Source:
          • Biomass
          • Municipal Waste
          • Industrial Waste
          • Others
        • By Application:
          • Formaldehyde
          • Methyl tert-butyl ether (MTBE)
          • Gasoline
          • Dimethyl Ether
          • Solvents
          • Others
      • Mexico
        • By Primary Source:
          • Biomass
          • Municipal Waste
          • Industrial Waste
          • Others
        • By Application:
          • Formaldehyde
          • Methyl tert-butyl ether (MTBE)
          • Gasoline
          • Dimethyl Ether
          • Solvents
          • Others
      • Rest of Latin America
        • By Primary Source:
          • Biomass
          • Municipal Waste
          • Industrial Waste
          • Others
        • By Application:
          • Formaldehyde
          • Methyl tert-butyl ether (MTBE)
          • Gasoline
          • Dimethyl Ether
          • Solvents
          • Others
    • Middle East
      • GCC
        • By Primary Source:
          • Biomass
          • Municipal Waste
          • Industrial Waste
          • Others
        • By Application:
          • Formaldehyde
          • Methyl tert-butyl ether (MTBE)
          • Gasoline
          • Dimethyl Ether
          • Solvents
          • Others
      • Israel
        • By Primary Source:
          • Biomass
          • Municipal Waste
          • Industrial Waste
          • Others
        • By Application:
          • Formaldehyde
          • Methyl tert-butyl ether (MTBE)
          • Gasoline
          • Dimethyl Ether
          • Solvents
          • Others
      • Rest of Middle East
        • By Primary Source:
          • Biomass
          • Municipal Waste
          • Industrial Waste
          • Others
        • By Application:
          • Formaldehyde
          • Methyl tert-butyl ether (MTBE)
          • Gasoline
          • Dimethyl Ether
          • Solvents
          • Others
    • Africa
        • By Primary Source:
          • Biomass
          • Municipal Waste
          • Industrial Waste
          • Others
        • By Application:
          • Formaldehyde
          • Methyl tert-butyl ether (MTBE)
          • Gasoline
          • Dimethyl Ether
          • Solvents
          • Others
      • Central Africa
        • By Primary Source:
          • Biomass
          • Municipal Waste
          • Industrial Waste
          • Others
        • By Application:
          • Formaldehyde
          • Methyl tert-butyl ether (MTBE)
          • Gasoline
          • Dimethyl Ether
          • Solvents
          • Others
      • South Africa
        • By Primary Source:
          • Biomass
          • Municipal Waste
          • Industrial Waste
          • Others
        • By Application:
          • Formaldehyde
          • Methyl tert-butyl ether (MTBE)
          • Gasoline
          • Dimethyl Ether
          • Solvents
          • Others
  • Company Profiles
    • Methanex Corporation *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Carbon Recycling International
    • BioMCN
    • Enerkem
    • Chemrec Inc.
    • Varmlands Methanol

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Primary Source
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Mergers and Acquisitions
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
    • Cost Tier Down Analysis
  4. Global Renewable Methanol Market – Impact of Coronavirus (Covid-19) Pandemic
    • Impact of Coronavirus – Overview
    • Impact Analysis, By Region
      • North America
      • Latin America
      • Europe
      • Asia Pacific
      • Middle East
      • Africa
  5. Global Renewable Methanol Market, By Primary Source, 2017 - 2027 (US$ Million & Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027
      • Y-o-Y Growth Analysis, 2020 – 2027 (%)
      • Segment Trends
    • Biomass
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Municipal Waste
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Industrial Waste
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
  6. Global Renewable Methanol Market, By Application, 2017 - 2027 (US$ Million & Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027
      • Y-o-Y Growth Analysis, 2020 – 2027 (%)
      • Segment Trends
    • Formaldehyde
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Methyl tert-butyl ether (MTBE)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Gasoline
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Dimethyl Ether
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Solvents
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
  7. Global Renewable Methanol Market, By Region, 2017- 2027 (US$ Million & Tons)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027
      • Y-o-Y Growth Analysis, By Region, 2020 – 2027 (%)
    • North America
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Primary Source, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Primary Source, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
    • Europe
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Primary Source, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Primary Source, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • France
          • Country Trends
          • Market Size and Forecast, By Primary Source, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Primary Source, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Primary Source, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Primary Source, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Rest of Europe
          • Country Trends
          • Market Size and Forecast, By Primary Source, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
    • Asia Pacific
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • China
          • Country Trends
          • Market Size and Forecast, By Primary Source, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • India
          • Country Trends
          • Market Size and Forecast, By Primary Source, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Primary Source, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Primary Source, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Primary Source, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Primary Source, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Rest of Asia Pacific
          • Country Trends
          • Market Size and Forecast, By Primary Source, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
    • Latin America
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Primary Source, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Primary Source, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Primary Source, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Rest of Latin America
          • Country Trends
          • Market Size and Forecast, By Primary Source, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
    • Middle East
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • GCC
          • Country Trends
          • Market Size and Forecast, By Primary Source, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Israel
          • Country Trends
          • Market Size and Forecast, By Primary Source, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Rest of Middle East
          • Country Trends
          • Market Size and Forecast, By Primary Source, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
    • Africa
      • Market Share Analysis, By Sub-region, 2017 and 2027
      • Y-o-Y Growth Analysis, By Sub-region, 2020 – 2027 (%)
        • North Africa
          • Sub-region Trends
          • Market Size and Forecast, By Primary Source, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • Central Africa
          • Sub-region Trends
          • Market Size and Forecast, By Primary Source, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
        • South Africa
          • Sub-region Trends
          • Market Size and Forecast, By Primary Source, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
  8. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • Methanex Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Carbon Recycling International
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • BioMCN
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Enerkem
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Chemrec Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Varmlands Methanol
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

Frequently Asked Questions

The market for renewable methanol is estimated to surpass US$ 266.2 million by 2027, exhibiting a CAGR of 6.5% between 2020 and 2027.
Rising demand for renewable methanol as a motor fuel across the transportation industry is projected to augment market growth. Renewable methanol is produced from natural gas, coal and landfill waste, wood waste, and seaweed. It reduces greenhouse emissions by 15–20% as compared to gasoline.
The renewable methanol market is expected to exhibit a CAGR of 6.5% during the forecast period (2020-2027).
Major players operating in the global renewable methanol market include Methanex Corporation, Carbon Recycling International, BioMCN, Enerkem, Chemrec Inc., and Varmlands Methanol
High demand for agricultural feedstock for the production of biogas and bioethanol is expected to hamper the production and consumption of renewable methanol. This is expected to hinder the market growth of renewable methanol.
The growing use of fuel blended renewable methanol is expected to be a major trend in the market. According to the Coherent Market Insights analysis, the Philippines and Myanmar have passed various policies mandating the use of fuel blended with renewable methanol by the end of 2020. Thus growing used of fuel blended renewable methanol is expected to augment the market growth over the forecast period.
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