Renewable Methanol Market Growth During Forecast Period.

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Renewable Methanol Market Size will witness a
rapid growth to 2025
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Key Insights Renewable Methanol Market

• On the basis of end users, the renewable methanol
  market is segmented into chemicals, construction,
  transportation, power generation and others.
  Power generation is a major end user segment of
  methanol as government all across the globe are
  looking out for ways to reduce dependency on
  conventional fuels to achieve low fuel costs and
  to reduce carbon emissions globally. Some of the
  benefits offered by the product in power
  generation is its ability to offer utility fuel
  flexibility and ease of access at the site. There
  are many companies which have switched to
  methanol for power generation. For instance,
  Israel Electric Company has invested around USD 5
  million in converting a 50MW turbine in a power
  generation plant to run through methanol.
• Renewable methanol is derived from unconventional
  sources of energy such as from industrial wastage
  and biomass. The product is an ideal input for
  producing biodiesel which can also be blended in
  automotive fuels and processed as feedstock in
  many chemicals. Production process is very
  similar to traditional methanol in which carbon
  dioxide is replaced with carbon monoxide.

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Continued

• This has significantly propelled the demand of
  renewable based methanol in past few years. Also,
  the increasing conversion of industrial and
  agricultural wastages into renewable methanol is
  also anticipated to drive product demand during
  the forecast time frame. Biomass is a major
  source for producing methanol. It has created
  lucrative opportunities for renewable methanol
  market owing to its rising demand in producing
  variety of chemicals and solvents. Moreover,
  rising demand from formaldehyde production by
  using methanol is likely to drive product demand
  in near future
• High cost of production coupled with lack of
  sufficient infrastructure required for the
  production process may pose obstacles in
  renewable methanol market growth path in the
  coming years. Furthermore, unavailability of
  desired agricultural feedstock to be used in
  bioethanol production and in biogas generation
  may pose challenges to product demand in near
  future.

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Market research reports Key analytical components

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Major Companies Renewable Methanol Market

• BioMCN
• Blue Fuel Energy
• Carbon Recycling International Inc
• Varmsland Methanol
• Chemrec AB
• Methanex Corporation
• BASF SE

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Regional Insights Renewable Methanol Market

• Europe and North America are likely to emerge as
  key renewable methanol market attributed to
  strict government policies about carbon emissions
  in the regions. Additionally, regulations in
  Europe regarding mandatory product usage and its
  blends in automobile industry is likely to
  accelerate regional product demand from 2019 to
  2025.
• Furthermore, the product is gaining prominence in
  nations including India and China owing to rising
  demand for alternative fuels for power generation
  in these countries so as to reduce dependence on
  fossil fuels for providing electricity to masses.
  China and Australia have highly focused in using
  methanol for fuel blending purposes. Myanmar and
  Philippines have also formulated several
  regulations aimed at mandating use of methanol
  for fuel blending.

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