DUBLIN--(BUSINESS WIRE)--Dec 28, 2022--

The “Global Renewable Methanol Market, By Primary Source, By Application, and By Region - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2027” report has been added to ResearchAndMarkets.com’s offering.

Global Renewable Methanol Market was valued at 3,350 million in 2021 which expected to reach at USD 5,270 million by 2027, at a CAGR 5.39% from 2022-2027.

Renewable methanol is produced from renewable sources like industrial wastages & biomass. It is main ingredient in the manufacturing of biodiesel production which can be used with automobile fuels. Renewable methanol is widely used across transportation, automobiles, power generation, and chemical manufacturing sectors. Renewable methanol contributes to decreasing carbon dioxide (CO2) emissions level by 60%-80%.

Market Drivers

The increase in demand for renewable methanol as a motor fuel across the transportation sector is expected to augment market growth. Renewable methanol is produced from natural gas, coal and landfill waste, and seaweed. It reduces greenhouse emissions by 15-20 percent as compared to gasoline. Also, it is used as a motor fuel and also has the highest hydrogen-to-carbon ratio as compared to liquid fuel due to its high-octane number.

The rise in environmental concerns due to global warming & changing weather conditions is primarily propelling the market growth of renewable methanol. The depletion of natural resources owing to the increasing reliance on fossil fuels & fluctuating prices of natural gas and crude oil is also contributing to the market of renewable methanol. Thus, increasing environmental concern subjected to Carbon Dioxide (CO2) emission is projected to boost the market growth of renewable methanol.

Market Restraint

Growing demand for agricultural feedstock for the production of biogas &bioethanol is anticipated to hinder the production as well as consumption of renewable methanol. This is expected to limit the market growth of renewable methanol.

Regional Analysis

The Global Renewable Methanol Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Europe & North America are likely to emerge as key renewable methanol market due to the strict government policies about carbon emissions in the regions. Additionally, regulations in Europe regarding mandatory product usage & its blends in automobile industry is likely to fueling regional product demand from 2022-2027.

Market Taxonomy

By Primary Source

• Biomass
• Municipal Waste
• Industrial Waste
• Others

By Application

• Formaldehyde
• Methyl tert-butyl ether (MTBE)
• Gasoline
• Dimethyl ether
• Solvents
• Others

By Region

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

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Global Renewable Methanol Market Outlook

5 Global Renewable Methanol Market, By Primary Source

6 Global Renewable Methanol Market, By Application

7 Global Renewable Methanol Market, By Region

8 North America Renewable Methanol Market Analysis and Forecast (2022-2027)

9 Europe Renewable Methanol Market Analysis and Forecast (2022-2027)

10 Asia Pacific Renewable Methanol Market Analysis and Forecast(2022-2027)

11 Latin America Renewable Methanol Market Analysis and Forecast(2022-2027)

12 Middle East Renewable Methanol Market Analysis and Forecast(2022-2027)

13 Competitive Analysis

14 Company Profiles

Companies Mentioned

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

For more information about this report visit https://www.researchandmarkets.com/r/wlmzdc

View source version on businesswire.com:https://www.businesswire.com/news/home/20221228005249/en/

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SOURCE: Research and Markets

Copyright Business Wire 2022.

PUB: 12/28/2022 08:35 AM/DISC: 12/28/2022 08:35 AM

http://www.businesswire.com/news/home/20221228005249/en