Global Renewable Methanol Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

The Renewable Methanol Market report offers in-depth insights, revenue details, and other vital information regarding the global renewable methanol market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2031.

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The Renewable Methanol Market report offers insightful and detailed information regarding the various key players operating in the global renewable methanol market, their financials, supply chain trends, technological innovations, and key developments, apart from future strategies, acquisitions & mergers, and market footprint.

The global renewable methanol market report has been segmented on the basis of source, application, end-user, and region.

Renewable Methanol Market Overview:

“The Renewable Methanol Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

Methanol is produced from natural gas, coal, and renewable sources such as municipal waste, biomass, or by recycling carbon dioxide. Biomass is a primary source for the generation of renewable methanol. Methanol emits less carbon-di-oxide (CO2) as compared to other fossil fuels owing to which it is been used as an alternative fuel.

The rising demand for alternative and eco-friendly sources of energy is a major factor driving the growth of the global renewable methanol market.

In addition, increasing the adoption of renewable methanol by various industries such as chemical, paint and coating, automotive, etc. is another factor fueling the growth of the global renewable methanol market.

Moreover, rising environmental concerns related to the high emission of carbon-di-oxide by the use of nonrenewable fossil fuels is boosting demand for renewable source of energy. This factor is expected to boost demand for renewable methanol which in end is expected to drive the growth of the global renewable methanol market.

However, the high production cost of renewable methanol and the lack of proper infrastructure facilities for the production of renewable methanol are major factors hampering the growth of the global renewable methanol market.

Methanol is used as a raw material in the plastic industry and as a primary source for the production of ethanoic acid.

This is a current trend observed in the global renewable methanol market, which is expected to further drive the growth of the market to a significant extent over the forecast period.

North America accounts for the largest market share in terms of revenue as compared to that of markets in other regions, followed by Europe. This is attributed to well-developed end-user segments such as the automobile and chemical industries.

The market in the Asia Pacific is projected to witness the fastest growth in terms of revenue, owing to increasing government subsidiaries and government initiatives to spread awareness for the adoption of renewable resources in the countries in this region.

Global Renewable Methanol Market Segmentation:

Global renewable methanol market segmentation, by source:

• Municipal waste
• Biomass
• Industrial waste

Global renewable methanol market segmentation, by application:

• Formaldehyde
• MTBE
• Gasoline
• Dimethyl ether
• Solvents

Global renewable methanol market segmentation, by end-user:

• Construction
• Chemicals
• Transportation
• Power generation

Global renewable methanol market segmentation, by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa