The Green Methanol Market is set to grow at around 4.9% CAGR during 2022-27, predicts MarkNtel Advisors in their recent research study. It comprises a comprehensive analysis of the industry’s latest trends, developments, drivers, restraints, challenges, & opportunities, as well as its projected growth trajectory across different segments & geographies in the forecast years.
Further, the report also highlights the prominent aspects depicted in the form of diagrams, pie charts, tables, graphs, & other pictorial representations that would contribute to the market expansion in the future. Through this information, stakeholders will be able to comprehend the changing dynamics of the Green Methanol Market and better plan & layout strategies in order to widen their visibility, product portfolio, & customer base and yield massive profits. In the report, the historical period considered is 2017-20, the base year 2021, and the forecast period, as cited above, is 2022-27.
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Key Highlights from the Green Methanol Market Analysis –
➤This study is a compilation of key factors impacting the industry dynamics, including growth drivers, restraints, opportunities, challenges, and emerging & high-potential segments & geographies, among others.
➤Detail-driven, accurate, and reliable information associated with the latest trends in the industry to help stakeholders or investors make informed decisions before they make investments.
➤A comprehensive review of the leading companies in the Green Methanol Market, comprising their profiles, recent developments, prominent business strategies, initiatives, and mergers & acquisitions, among other aspects.
➤Fund estimation put in by private firms & governments for the industry’s expansion, along with insights into each segment & geographic location, are also covered in this report.
Green Methanol Market Growth Driver and Challenges–
- Rising Adoption of Green Methanol in the Shipping Industry –
Because green methanol has no sulphur and only a trace of nitrogen oxide, it is a perfect fuel for the maritime industry. Several shipping corporations around the world, particularly in Europe, have begun to use methanol as a fuel and are expanding their fleet size. As a result, the growing use of renewable methanol in the shipping industry to prevent rapid climate change and meet carbon-neutral targets will drive the Green Methanol Market from 2022 to 2027.
- Significantly High Production Costs of Green Methanol –
Using garbage as a fuel requires significant investment, both in terms of gasification and transportation. Several countries throughout the world, including Denmark, the United Kingdom, Belgium, Israel, and others, lack sufficient biomass and MSW availability and thus rely on trash transported from other countries such as India, China, and Japan. As a result, bio-methanol manufacturing plants with no local feedstock supply must invest additional cash in the supply chain.
Green Methanol Market Segmentation:
The segmentation analysis section of the report focuses on the Green Methanol Market performance across different segments & geographies, which can aid stakeholders in strategizing their investments in order to widen their visibility, product portfolio, & customer base and, in turn, generate significant revenue in the forecast years.
Market Divided into, By Feedstock
-Biomass
–Agricultural Waste
–Forestry Residues
–Municipal Solid Waste (MSW)
-CO2
–Industrial Emissions
–Captured CO2
-Renewable Hydrogen
-Others
Market Divided into, By Application
-Formaldehyde
-MTO (Methanol to Olefins)
-Dimethyl Ether (DME) & Methyl Tert-Butyl Ether (MTBE)
-Gasoline
-Solvents
-Others
Market Divided into, By End-User
-Chemical
-Transportation (includes Shipping)
-Power Generation
-Automotive
-Others
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Geographically, the Green Methanol Market expands across regions: –
-North America
-South America
-Europe
-Middle East & Africa
-Asia-Pacific
Competitive Landscape:
Under this section, detailed information on company profiles, investments & revenue generated, strategic initiatives, geographical presence, and production or service capacities, among other aspects, have been examined. All insights into companies have been curated only after thoroughly studying their hold in the industry to help investors make informed decisions before investing.
-BASF SE
-BioMCN
-Carbon Recycling International
-Enerkem
-European Energy
-Nordic Green
-NREL
-SABIC (Saudi Basic Industries Corporation)
-Södra Skogsägarna
-Vertimass
-Others
Market Development by Leading Companies –
- In January 2022, Vertimass & European Energy signed LoI (Letter of Intent) to integrate their technologies for capturing CO2 & converting it into hydrocarbon products in an effort toward reducing carbon emissions. This collaboration involves European Energy’s expertise in capturing CO2 from waste sources to produce renewable methanol & then convert it into chemicals and jet, diesel, & gasoline fuels using Vertimass’ technology.
- In August 2021, ‘European Energy’ signed an agreement with the shipping enterprise ‘Maersk’ to deliver 10.000 tons of e-methanol to the latter annually, the production facility for which to be placed in Southern Jutland, Denmark.
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