The global green
methanol market size reached USD 3.71 Billion in 2021 and is expected
to register a revenue CAGR of 6.0% during the forecast period. The key factor driving green methanol
market revenue growth is rapid adoption of Methanol-to-olefins (MTO) technology
for green methanol production. Green methanol can now be produced using
advanced procedures, and it serves as an important raw material in the
production of industrial chemicals, including formaldehyde,
Methyl-tert-butyl-ether (MTBE), dimethyl terephthalate, acetic acid, methyl
methacrylate, and olefins.
Rapidly increasing demand for a wide range of methanol
compounds, notably olefins produced through the MTO technology, is expected to
drive market revenue growth. Olefins are widely used in the production of
synthetic plastic, synthetic rubber, textile colors, and pharmaceuticals. The
MTO technology has improved polymer production process by employing
alternatives, including coal and natural gas. Moreover, increasing demand for
renewable methanol as a better motor fuel for vehicles is expected to support
revenue growth of the global market.
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However, high-capital-intensive environment for green
methanol production, issues related to availability and quality of raw
materials such as coal and natural gas, freight prices, capital expenses, and
government regulations, are expected to hamper market revenue growth. Producing
methanol from any carbon-based source is a high-capital-intensive process, and
companies must first choose the raw material to secure a long-term and
cost-effective supply.
The
latest research report by Emergen Research, named ‘Global Green Methanol Market
- Forecast to 2030’, entails a comprehensive review of the global Green
Methanol Market’s present and future trends. The report gathers viable
information on the most established industry players, sales and distribution
channels, regional spectrum, estimated market share and size, and revenue
estimations over the forecast timeframe. The study is inclusive of a profound
analysis of this business sphere focuses on the overall remuneration of the
market over the projected period.
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Emergen Research has segmented the
global green methanol market on the basis of feedstock, application, end-use,
and region:
Feedstock Outlook (Revenue, USD
Billion; 2019-2030)
Agricultural Waste
Forestry Residues
Municipal Solid Waste
CO2 Emission
Others
Application Outlook (Revenue, USD
Billion; 2019-2030)
Formaldehyde
Methyl-tert-butyl-ether
Gasoline
Solvent
Others
End-use Outlook (Revenue, USD Billion;
2019-2030)
Chemical
Transportation
Power generation
Others
Competitive Outlook:
The global Green
Methanol market is highly consolidated due to the presence of a large number of
companies across this industry. These companies are known to make hefty
investments in research and development projects. Also, they control a
considerable portion of the overall market share, thus limiting the entry of
new players into the sector. The global Green
Methanol market report studies the prudent tactics undertaken by the leading
market players, such as partnerships and collaborations, mergers &
acquisitions, new product launches, and joint ventures.
The leading market contenders listed in the
report are as follows:
Advanced Chemical
Technologies,
BASF SE,
Uniper SE,
Fraunhofer GmbH,
Enerkem Inc.,
Innogy SE,
Nordic Green ApS,
Vertimass LLC,
Saudi Basic
Industries Corporation, and
Södra Skogsägarna.
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Regional segmentation comprises of a current
and forecast estimation of the market in the key geographical regions such as
North America, Europe, Asia Pacific, Latin America, and Middle East &
Africa.
Regional Outlook of Green Methanol
Market:
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
Italy
France
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
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connect to us and we will provide you with the well-suited customized report.
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