Scope of the Study
Renewable methanol is defined as the ultra-low carbon chemical which is produced from sustainable biomass. It is also often called bio- methanol. It can be used as a source of energy for power plants, as an automotive or shipping fuel or as a chemical building block in thousands of everyday products. Some of the major benefits of renewable methanol reduce carbon dioxide emissions and also reduces other harmful air pollutants which including nitrogen and sulfur oxides, volatile organic compounds particulate matter and other toxic pollutants. It is widely used in various applications such as formaldehyde, MTBE, gasoline, dimethyl ether, solvents, and others.
The market study is being classified, by Application (Formaldehyde, MTBE, Gasoline, Dimethyl Ether, Solvents and Others) and major geographies with country level break-up.
Advanced Chemical Technologies (United States), BASF SE (Germany), Mitsubishi Chemical Corporation (Japan), Varmlands Methanol Plant (Sweden), Asahi Kasei Corporation (Japan), BSE Engineering, Inc. (United States), Catalytic Innovations (United States), Gensoric GmbH (Germany), Liquid Wind (Sweden) and Quantiam Technologies Inc. (Canada) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Thyssenkrupp AG (Germany), Swiss Liquid Future AG (Switzerland), BioMethanol Chemie Holding II BV (Netherlands), Carbon Recycling International Inc. (Iceland), Methanex Corporation (Canada), Enerkemand (Canada) and Equinor ASA (Norway).
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Renewable Methanol market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Renewable Methanol market by Type, Application and Region.
On the basis of geography, the market of Renewable Methanol has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increase in Carbon Dioxide Emission Coupled with Environment Regulation
- Increasing Adoption of Renewable Methanol across the World
- Technological Advancement regarding Renewable Methanol
- Lack of infrastructural setup as well as Paucity of feedstock
- Growing Demand from Emerging Economics such as China, India, among others
- Issue related to High Production Cost of Renewable Methanol
In 2018, the BASF SE (Germany) Company has announced to start the production of methanol-based on renewable raw materials. Hence, it will affect the growth of the market in future
According to an article published by Methanol Institute Org, “MI’s Legislative & Regulatory Committee is focused on interactions with governments around the globe to ensure that the development of public policy utilizes the best available scientific evidence and does not unduly hinder the growth of the methanol industry”.
Key Target Audience
Renewable Methanol Manufactures Company, Government and other Regulatory Bodies, Research institutes and organizations, Market research and consulting firms and Others
Customization in the Report Available:
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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