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Renewable Methanol Market | Coherent Market Insights

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Renewable Methanol Market | Coherent Market Insights

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  1. Coherent Market Insights Market Research And Business Consulting Services https://www.coherentmarketinsights.com/ Covid-19 Impact Tracker

  2. RENEWABLE METHANOL MARKET ANALYSIS • Renewable Methanol Market, By Primary Source (Biomass, Municipal Waste, Industrial Waste, Others), By Application (Formaldehyde, Methyl tert-butyl ether (MTBE), Gasoline, Dimethyl Ether, Solvents, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 – 2027 • The global renewable methanol market is projected to reach around US$ 266.2 million by the end of 2027, in terms of revenue, growing at CAGR of 6.5% during the forecast period(2020-2027).

  3. Drivers: • Rising demand for renewable methanol as a motor fuel across the transportation industry is projected to augment market growth. Renewable methanol is produced from natural gas, coal and landfill waste, wood waste, and seaweed. It reduces greenhouse emissions by 15–20% as compared to gasoline. Renewable methanol is used as a motor fuel and also has the highest hydrogen-to-carbon ratio as compared to liquid fuel owing to its high octane number.

  4. Growing environmental concerns due to global warming and changing weather conditions is primarily fueling the market growth of renewable methanol. The depletion of natural resources due to increasing reliance on fossil fuels and fluctuating prices of natural gas and crude oil is also contributing to the market of renewable methanol. Thus, growing environmental concern subjected to CO2 emission is projected to propel the market growth of renewable methanol.

  5. Figure 1. Global Renewable Methanol Market Share (%) in terms of Value, By Region, in 2019

  6. Market Restraints • High demand for agricultural feedstock for the production of biogas and bioethanol is expected to hamper the production and consumption of renewable methanol. This is expected to hinder the market growth of renewable methanol.

  7. Market Opportunities • Growing demand for renewable methanol from the automotive industry as a superior liquid motor fuel is expected to present lucrative opportunities to the market. According to the Coherent Market Insights analysis, the total number of passenger transport in Europe is expected to increase by over 35% by 2050 as compared to the current level. Increasing the use of an electric vehicle that is powered by fuels and renewable methanol is used in fuel-cell vehicles. Thus, growth in the automotive industry will favor market growth.

  8. Increasing focus of manufacturer on the conversion of industrial and agricultural wastages into renewable methanol is projected to raise the product demand. This is expected to create major opportunities for growth in the market of renewable methanol. Also, increasing demand for bio-based chemicals and solvents around the globe is further expected to accelerate the market growth of renewable methanol. 

  9. Figure 2. Global Renewable Methanol Market– Opportunity Analysis

  10. Market Trends • Increasing adoption of advanced and eco-friendly technology for the production of renewable methanol is expected to foster market growth. For instance, in June 2019, Eni and Synhelion, a spin-off of Zurich Polytechnic University (ETHZ), announce the development of new technology for the production of methanol from carbon dioxide (CO2), water and methane. The production of methanol using renewable energy will help Eni to simultaneously work towards the twin targets of greenhouse gas reduction and carbon dioxide usage as raw material.

  11. Figure 3. Global Renewable Methanol Market Share (%) in terms of Value, By Primary Source, in 2019

  12. Regulations Low Carbon Fuel Standard  Applicable Region • EU: Directive 2009/30/EC (Fuel Quality Directive) • Canada (British Columbia): Renewable & Low Carbon Fuel Requirements Regulation • U.S. (California): Low Carbon Fuel Standard (also being considered in Oregon, Washington, the Northeast and Mid-Atlantic states, the Midwest states, and at the national level)

  13. Global Renewable Methanol Market – Impactof Coronavirus (Covid-19) Pandemic • The coronavirus outbreak has resulted in lower transport activity across the globe. This has resulted in lower demand for blended fuels from transportation industry, which in turn is expected to impact demand for renewable methanol in 2020. Moreover, low gasoline prices is also impacting renewable methanol consumption. Many production facilities in Brazil, European Union and United States have reduced their production due to sluggish local and international demand. Reduced demand is expected to increased renewable methanol stocks in many markets, decreasing the renewable methanol prices and compromising profitability. The global renewable methanol market is expected to grow at a low CAGR of around 3% for a short term period till 2021.

  14. Competitive Section: • Company Names  • Methanex Corporation • Carbon Recycling International • BioMCN • Enerkem • Chemrec Inc. • VarmlandsMethanol

  15. REQUEST SAMPLE • DOWNLOAD PDF BROCHURE • REQUEST CUSTOMIZATION • TALK TO ANALYST REFERENCE: https://www.coherentmarketinsights.com/market-insight/renewable-methanol-market-3907

  16. About Us: • Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

  17. Contact Us: Mr. Shah Coherent Market Insights Pvt.Ltd. Address: 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Phone: +1-206-701-6702 Email: sales@coherentmarketinsights.com

  18. Thank You! Kindly follow CMI Social Media Profiles for the latest company updates Facebook LinkedIn Twitter https://www.coherentmarketinsights.com/

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