再生可能メタノール市場レポート：原料、用途、最終用途産業、地域別、2024～2032年

世界の再生可能メタノール市場規模は2023年に36億米ドルに達しました。今後、IMARC Groupは、2024～2032年の間に5.06%の成長率（CAGR）を示し、2032年までに市場は56億米ドルに達すると予測しています。大衆の間で環境問題に対する意識が高まっていること、再生可能メタノールが添加剤としてもガソリンの代替品としても採用されつつあること、政府による排出規制が強化されつつあることなどが、市場を推進している主要要因のひとつです。

再生可能メタノールは、主に化石燃料に由来する従来のメタノールに代わる、持続可能で環境に優しい代替品です。バイオマス、産業排出物や大気から回収された二酸化炭素（CO2）、再生可能な電力などの再生可能資源を利用するプロセスを通じて生産されます。この革新的な製造方法では、通常、これらの原料を合成ガスに変換し、さらに合成してメタノールを得る。再生可能なメタノールは、輸送用燃料、エネルギー貯蔵、さまざまな化学物質や材料の生産に応用され、多目的なエネルギー・キャリアと化学原料として機能します。その開発は、より持続可能な循環型経済への重要な一歩であり、温室効果ガスの排出を緩和すると同時に、よりクリーンなエネルギーと化学物質生産への移行において実行可能な代替手段を提供するものです。

大衆の環境問題に対する意識の高まりが、世界市場を牽引しています。再生可能メタノールは、粒子状物質や二酸化炭素、亜酸化窒素、二酸化硫黄などの様々な温室効果ガスのレベルを緩和する上で極めて重要な役割を果たしており、排出量の削減に貢献しています。また、再生可能メタノールは、高オクタン価、耐ノッキング性、酸素含有量などの有利な特性により、添加剤としてもガソリンの代替品としても採用が増加しています。気候変動と闘い、温室効果ガスの排出を削減する緊急の必要性が、世界市場を拡大しています。再生可能な資源から生産されるメタノールは、従来の化石由来のメタノールに比べ、二酸化炭素排出量を大幅に削減する方法を記載しています。なぜなら、メタノールは再生可能エネルギーを使用して生産することができ、さらに回収された二酸化炭素を取り込むことができるため、カーボンニュートラルまたはカーボンネガティブな燃料・原料になり得るからです。さらに、世界中の政府や規制機関は、排出削減目標や規制をますます厳しくしています。その結果、産業界は環境への影響を低減するため、よりクリーンな代替燃料を求めています。再生可能メタノールはこうした目標に合致しているため、規制要件や持続可能性へのコミットメントを満たそうと努力する企業にとって魅力的な選択肢となっています。

再生可能メタノールの市場動向と促進要因：

環境の持続可能性と炭素排出削減

環境の持続可能性が世界的に重視され、二酸化炭素排出量の削減が急務となっていることは、大きな推進力となっています。各国がパリ協定のような国際協定で示された気候変動目標を達成しようと努力する中、再生可能メタノールは貴重なツールとして浮上しています。再生可能な資源を利用し、二酸化炭素の排出を回収することもできるその製造プロセスは、低炭素またはカーボンニュートラルな燃料・原料の選択肢となります。脱炭素化が困難な運輸などのセグメントでは、再生可能メタノールを従来の燃料と混合したり、メタノール燃料電池の燃料として使用することで、温室効果ガスの排出を大幅に削減することができます。二酸化炭素排出量の削減を目指す産業界も、化学合成や工業プロセスにおけるよりクリーンな代替物として再生可能メタノールに注目し、その需要をさらに高めています。

持続可能な輸送用燃料への需要の増加

運輸部門は世界の排出量の大きな要因となっており、消費者だけでなく政府も従来の化石燃料に代わるよりクリーンな燃料を求めるようになっています。この点で、再生可能メタノールは大きな変化をもたらす可能性があります。メタノールは、ガソリンやディーゼルの代替燃料として、あるいはガソリンやディーゼルに混合して使用することができ、道路を走る自動車や海運からの排出を削減することができます。再生可能なメタノールを燃料とするメタノール型燃料電池は、電気電池に比べて航続距離が長く、燃料補給時間も短いため、乗用車、バス、トラックなどさまざまな用途で魅力的な選択肢となります。規制の圧力や消費者の嗜好が低排出ガス車やゼロ・エミッション車にシフトするにつれ、運輸セクターにおける再生可能メタノールの需要は大きく伸びる展望です。

再生可能エネルギー統合の進展

再生可能メタノールの生産は、水の電気分解とその合成に必要な水素の生成のために、風力発電や太陽光発電などの再生可能電力に大きく依存しています。これらの再生可能エネルギー技術が費用対効果に優れ、利用しやすくなるにつれて、再生可能メタノールの生産コストは低下し、経済的に実行可能な選択肢となります。さらに、グリッド規模のバッテリーなどのエネルギー貯蔵ソリューションの革新は、断続的な再生可能エネルギー源の効率的な利用を可能にし、再生可能メタノール生産施設への安定供給を保証します。再生可能エネルギーと再生可能メタノール生産との間のこの相乗効果は、メタノールの二酸化炭素排出量を削減するだけでなく、安定供給を保証するため、事業の脱炭素化と持続可能性目標の達成を目指す産業にとって魅力的な選択肢となります。

目次

第1章 序文

第2章 調査範囲と調査手法

• 調査目的
• 利害関係者
• データソース
  • 一次情報
  • 二次情報
• 市場推定
  • ボトムアップアプローチ
  • トップダウンアプローチ
• 調査手法

第3章 エグゼクティブサマリー

第4章 イントロダクション

• 概要
• 主要産業動向

第5章 再生可能メタノールの世界市場

• 市場概要
• 市場実績
• COVID-19の影響
• 市場予測

第6章 市場内訳：原料別

• 農業廃棄物
• 林業残渣
• 都市固形廃棄物
• 二酸化炭素排出量
• その他

第7章 市場内訳：用途別

• ホルムアルデヒド
• ジメチルエーテル（DME）とメチルtert-ブチルエーテル（MTBE）
• ガソリン
• 溶剤
• その他

第8章 市場内訳：最終用途産業別

• 化学品
• 運輸
• 発電
• その他

第9章 市場内訳：地域別

• 北米
  • 米国
  • カナダ
• アジア太平洋
  • 中国
  • 日本
  • インド
  • 韓国
  • オーストラリア
  • インドネシア
  • その他
• 欧州
  • ドイツ
  • フランス
  • 英国
  • イタリア
  • スペイン
  • ロシア
  • その他
• ラテンアメリカ
  • ブラジル
  • メキシコ
  • その他
• 中東・アフリカ
  • 市場動向
  • 市場内訳：国別
  • 市場予測

第10章 SWOT分析

• 概要
• 強み
• 弱み
• 機会
• 脅威

第11章 バリューチェーン分析

第12章 ポーターのファイブフォース分析

• 概要
• 買い手の交渉力
• 供給企業の交渉力
• 競合の程度
• 新規参入業者の脅威
• 代替品の脅威

第13章 価格分析

第14章 競合情勢

• 市場構造
• 主要企業
• 主要企業のプロファイル
  • Advanced Chemical Technologies
  • Advent Technologies A/S
  • BASF SE
  • Blue Fuel Energy Corporation
  • Carbon Recycling International
  • Enerkem
  • Methanex Corporation
  • Methanol Holdings（Trinidad）Limited（Proman AG）
  • Nordic Green Aps
  • OCI N.V.
  • Sodra Skogsagarna

List of Figures

• Figure 1: Global: Renewable Methanol Market: Major Drivers and Challenges
• Figure 2: Global: Renewable Methanol Market: Sales Value (in Billion US$), 2018-2023
• Figure 3: Global: Renewable Methanol Market Forecast: Sales Value (in Billion US$), 2024-2032
• Figure 4: Global: Renewable Methanol Market: Breakup by Feedstock (in %), 2023
• Figure 5: Global: Renewable Methanol Market: Breakup by Application (in %), 2023
• Figure 6: Global: Renewable Methanol Market: Breakup by End Use Industry (in %), 2023
• Figure 7: Global: Renewable Methanol Market: Breakup by Region (in %), 2023
• Figure 8: Global: Renewable Methanol (Agricultural Waste) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 9: Global: Renewable Methanol (Agricultural Waste) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 10: Global: Renewable Methanol (Forestry Residues) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 11: Global: Renewable Methanol (Forestry Residues) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 12: Global: Renewable Methanol (Municipal Solid Waste) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 13: Global: Renewable Methanol (Municipal Solid Waste) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 14: Global: Renewable Methanol (Co2 Emissions) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 15: Global: Renewable Methanol (Co2 Emissions) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 16: Global: Renewable Methanol (Other Feedstocks) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 17: Global: Renewable Methanol (Other Feedstocks) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 18: Global: Renewable Methanol (Formaldehyde) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 19: Global: Renewable Methanol (Formaldehyde) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 20: Global: Renewable Methanol (Dimethyl Ether (DME) and Methyl tert-Butyl Ether (MTBE)) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 21: Global: Renewable Methanol (Dimethyl Ether (DME) and Methyl tert-Butyl Ether (MTBE)) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 22: Global: Renewable Methanol (Gasoline) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 23: Global: Renewable Methanol (Gasoline) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 24: Global: Renewable Methanol (Solvents) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 25: Global: Renewable Methanol (Solvents) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 26: Global: Renewable Methanol (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 27: Global: Renewable Methanol (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 28: Global: Renewable Methanol (Chemicals) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 29: Global: Renewable Methanol (Chemicals) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 30: Global: Renewable Methanol (Transportation) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 31: Global: Renewable Methanol (Transportation) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 32: Global: Renewable Methanol (Power Generation) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 33: Global: Renewable Methanol (Power Generation) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 34: Global: Renewable Methanol (Other End Use Industries) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 35: Global: Renewable Methanol (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 36: North America: Renewable Methanol Market: Sales Value (in Million US$), 2018 & 2023
• Figure 37: North America: Renewable Methanol Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 38: United States: Renewable Methanol Market: Sales Value (in Million US$), 2018 & 2023
• Figure 39: United States: Renewable Methanol Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 40: Canada: Renewable Methanol Market: Sales Value (in Million US$), 2018 & 2023
• Figure 41: Canada: Renewable Methanol Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 42: Asia-Pacific: Renewable Methanol Market: Sales Value (in Million US$), 2018 & 2023
• Figure 43: Asia-Pacific: Renewable Methanol Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 44: China: Renewable Methanol Market: Sales Value (in Million US$), 2018 & 2023
• Figure 45: China: Renewable Methanol Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 46: Japan: Renewable Methanol Market: Sales Value (in Million US$), 2018 & 2023
• Figure 47: Japan: Renewable Methanol Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 48: India: Renewable Methanol Market: Sales Value (in Million US$), 2018 & 2023
• Figure 49: India: Renewable Methanol Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 50: South Korea: Renewable Methanol Market: Sales Value (in Million US$), 2018 & 2023
• Figure 51: South Korea: Renewable Methanol Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 52: Australia: Renewable Methanol Market: Sales Value (in Million US$), 2018 & 2023
• Figure 53: Australia: Renewable Methanol Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 54: Indonesia: Renewable Methanol Market: Sales Value (in Million US$), 2018 & 2023
• Figure 55: Indonesia: Renewable Methanol Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 56: Others: Renewable Methanol Market: Sales Value (in Million US$), 2018 & 2023
• Figure 57: Others: Renewable Methanol Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 58: Europe: Renewable Methanol Market: Sales Value (in Million US$), 2018 & 2023
• Figure 59: Europe: Renewable Methanol Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 60: Germany: Renewable Methanol Market: Sales Value (in Million US$), 2018 & 2023
• Figure 61: Germany: Renewable Methanol Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 62: France: Renewable Methanol Market: Sales Value (in Million US$), 2018 & 2023
• Figure 63: France: Renewable Methanol Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 64: United Kingdom: Renewable Methanol Market: Sales Value (in Million US$), 2018 & 2023
• Figure 65: United Kingdom: Renewable Methanol Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 66: Italy: Renewable Methanol Market: Sales Value (in Million US$), 2018 & 2023
• Figure 67: Italy: Renewable Methanol Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 68: Spain: Renewable Methanol Market: Sales Value (in Million US$), 2018 & 2023
• Figure 69: Spain: Renewable Methanol Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 70: Russia: Renewable Methanol Market: Sales Value (in Million US$), 2018 & 2023
• Figure 71: Russia: Renewable Methanol Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 72: Others: Renewable Methanol Market: Sales Value (in Million US$), 2018 & 2023
• Figure 73: Others: Renewable Methanol Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 74: Latin America: Renewable Methanol Market: Sales Value (in Million US$), 2018 & 2023
• Figure 75: Latin America: Renewable Methanol Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 76: Brazil: Renewable Methanol Market: Sales Value (in Million US$), 2018 & 2023
• Figure 77: Brazil: Renewable Methanol Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 78: Mexico: Renewable Methanol Market: Sales Value (in Million US$), 2018 & 2023
• Figure 79: Mexico: Renewable Methanol Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 80: Others: Renewable Methanol Market: Sales Value (in Million US$), 2018 & 2023
• Figure 81: Others: Renewable Methanol Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 82: Middle East and Africa: Renewable Methanol Market: Sales Value (in Million US$), 2018 & 2023
• Figure 83: Middle East and Africa: Renewable Methanol Market: Breakup by Country (in %), 2023
• Figure 84: Middle East and Africa: Renewable Methanol Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 85: Global: Renewable Methanol Industry: SWOT Analysis
• Figure 86: Global: Renewable Methanol Industry: Value Chain Analysis
• Figure 87: Global: Renewable Methanol Industry: Porter's Five Forces Analysis

List of Tables

• Table 1: Global: Renewable Methanol Market: Key Industry Highlights, 2023 and 2032
• Table 2: Global: Renewable Methanol Market Forecast: Breakup by Feedstock (in Million US$), 2024-2032
• Table 3: Global: Renewable Methanol Market Forecast: Breakup by Application (in Million US$), 2024-2032
• Table 4: Global: Renewable Methanol Market Forecast: Breakup by End Use Industry (in Million US$), 2024-2032
• Table 5: Global: Renewable Methanol Market Forecast: Breakup by Region (in Million US$), 2024-2032
• Table 6: Global: Renewable Methanol Market: Competitive Structure
• Table 7: Global: Renewable Methanol Market: Key Player

The global renewable methanol market size reached US$ 3.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 5.6 Billion by 2032, exhibiting a growth rate (CAGR) of 5.06% during 2024-2032. The increasing awareness of environmental issues among the masses, the rising adoption of renewable methanol as both an additive and a substitute for gasoline and the rising stringent emissions by the government are some of the major factors propelling the market.

Renewable methanol is a sustainable and environmentally friendly alternative to traditional methanol, which is primarily derived from fossil fuels. It is produced through a process that utilizes renewable resources, such as biomass, carbon dioxide (CO2) captured from industrial emissions or the atmosphere, and renewable electricity. This innovative production method typically involves the conversion of these feedstocks into syngas and then further synthesis to yield methanol. Renewable methanol can serve as a versatile energy carrier and chemical feedstock, finding applications in transportation fuels, energy storage, and the production of various chemicals and materials. Its development represents a significant step towards a more sustainable and circular economy, mitigating greenhouse gas emissions while offering a viable alternative in the transition to cleaner energy and chemical production.

The increasing awareness of environmental issues among the masses is driving the global market. Renewable methanol plays a pivotal role in mitigating the levels of particulate matter and various greenhouse gases, such as carbon dioxide, nitrous oxide, and sulfur dioxide, thus contributing to a reduction in emissions. Also, the rising adoption of renewable methanol as both an additive and a substitute for gasoline, due to its favorable attributes such as a high octane rating, resistance to knocking, and oxygen content. The urgent need to combat climate change and reduce greenhouse gas emissions is augmenting the global market. Methanol produced from renewable sources offers a way to significantly lower the carbon footprint compared to traditional fossil-based methanol, as it can be produced using renewable energy and even incorporate captured carbon dioxide emissions, making it a potential carbon-neutral or carbon-negative fuel and feedstock. Moreover, governments and regulatory bodies around the world are imposing increasingly stringent emissions reduction targets and regulations. As a result, industries are seeking cleaner alternatives to reduce their environmental impact. Renewable methanol aligns with these goals, making it an attractive choice for companies striving to meet regulatory requirements and sustainability commitments.

Renewable Methanol Market Trends/Drivers:

Environmental Sustainability and Carbon Emissions Reduction

The global emphasis on environmental sustainability and the urgent need to reduce carbon emissions is a significant driver. As countries strive to meet their climate goals outlined in international agreements, such as the Paris Agreement, renewable methanol emerges as a valuable tool. Its production process, which utilizes renewable resources and can even capture carbon dioxide emissions, makes it a low-carbon or carbon-neutral fuel and feedstock option. In sectors, including transportation, where decarbonization is challenging, renewable methanol can be blended with traditional fuels or used as a neat fuel in methanol fuel cells, drastically reducing greenhouse gas emissions. Industries seeking to reduce their carbon footprint also turn to renewable methanol as a cleaner alternative in chemical synthesis and industrial processes, further augmenting its demand.

Increasing Demand for Sustainable Transportation Fuels

The transportation sector is a significant contributor to global emissions, and governments, as well as consumers, are increasingly seeking cleaner alternatives to traditional fossil fuels. Renewable methanol can be a game-changer in this regard. It can be used as a drop-in replacement or blended with gasoline or diesel, reducing emissions from road vehicles and maritime shipping. Methanol fuel cells, powered by renewable methanol, offer longer ranges and shorter refueling times compared to electric batteries, making them an attractive option for various applications, including passenger cars, buses, and trucks. As regulatory pressures and consumer preferences shift towards low-emission and zero-emission vehicles, the demand for renewable methanol in the transportation sector is poised to grow significantly.

Advancements in Renewable Energy Integration

Renewable methanol production relies heavily on renewable electricity sources, such as wind and solar power, for the electrolysis of water and the generation of hydrogen required in its synthesis. As these renewable energy technologies become more cost-effective and accessible, the cost of producing renewable methanol decreases, making it a more economically viable option. Additionally, innovations in energy storage solutions, such as grid-scale batteries, enable the efficient utilization of intermittent renewable energy sources, ensuring a stable supply for renewable methanol production facilities. This synergy between renewable energy and renewable methanol production not only reduces the carbon footprint of methanol but also ensures a consistent supply, making it an attractive option for industries seeking to decarbonize their operations and meet sustainability targets.

Renewable Methanol Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global renewable methanol market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on feedstock, application and end use industry.

Breakup by Feedstock:

Agricultural Waste

Forestry Residues

Municipal Solid Waste

Co2 Emissions

Others

Municipal solid waste dominates the market

The report has provided a detailed breakup and analysis of the market based on the feedstock. This includes agricultural waste, forestry residues, municipal solid waste, Co2 emissions and others. According to the report, municipal solid waste represented the largest segment.

In urban areas worldwide, the generation of municipal solid waste is a continuous process, and as populations grow, so does the availability of this resource. Converting MSW into renewable methanol not only reduces the burden on landfills but also provides an economically viable and sustainable solution for waste disposal. Furthermore, the use of municipal solid waste as a feedstock aligns with the principles of a circular economy. It promotes the recycling and repurposing of waste materials into valuable products, such as methanol, thus minimizing environmental impacts. Additionally, MSW often contains organic matter, which can be converted into syngas through processes, including gasification or pyrolysis. This syngas can then be transformed into methanol, effectively closing the loop on waste utilization. Moreover, from an environmental perspective, the conversion of MSW into renewable methanol is seen as a carbon-neutral or even carbon-negative approach.

Breakup by Application:

Formaldehyde

Dimethyl Ether (DME) and Methyl tert-Butyl Ether (MTBE)

Gasoline

Solvents

Others

Formaldehyde dominates the market

The report has provided a detailed breakup and analysis of the market based on the application. This includes formaldehyde, dimethyl ether (DME) and methyl tert-butyl ether (MTBE), gasoline, solvents, and others. According to the report, formaldehyde represented the largest segment.

Formaldehyde is widely used in the manufacturing of composite wood products, including particleboard, plywood, and medium-density fibreboard (MDF). The ability of formaldehyde resins to provide adhesion and structural stability makes them indispensable in the construction and furniture industries. These resins are known for their cost-effectiveness and durability, which contribute to their prevalence in the market. Formaldehyde also plays a pivotal role in the production of textiles and paper. In textile finishing, formaldehyde-based resins are used to impart wrinkle resistance and durability to fabrics. In the paper industry, formaldehyde is utilized as a crosslinking agent in the production of specialty papers, including photographic and filter papers, where dimensional stability and strength are critical. Furthermore, it is a key component in the manufacture of various chemical intermediates and additives. It is used in the production of chemicals, including melamine, pentaerythritol, and methylene diphenyl diisocyanate (MDI), which have applications in adhesives, coatings, plastics, and foams.

Breakup by End Use Industry:

Chemicals

Transportation

Power Generation

Others

Transportation dominates the market

The report has provided a detailed breakup and analysis of the market based on the end use industry. This includes chemicals, transportation, power generation and others. According to the report, transportation represented the largest segment.

From personal vehicles and public transit to the shipping of goods across the globe, transportation is a fundamental aspect of daily life and the global economy. It directly influences and supports various other industries, including manufacturing, retail, agriculture, and tourism. The demand for transportation services continues to grow as populations increase and global trade expands, further solidifying its status as a major end-use industry. The transportation sector is also undergoing significant transformations to address environmental concerns and meet sustainability goals. Electric vehicles (EVs) and hybrid vehicles are gaining traction as cleaner and more energy-efficient alternatives to traditional internal combustion engine vehicles. Additionally, sustainable fuels such as renewable methanol, hydrogen, and biofuels are being explored to reduce the carbon footprint of transportation. These advancements align with global efforts to mitigate the impact of transportation on climate change and air quality, making the sector even more critical in the context of sustainability.

Breakup by Region:

North America

United States

Canada

Asia-Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

Asia Pacific exhibits a clear dominance, accounting for the largest renewable methanol market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share.

Asia Pacific boasts a rapidly growing population and expanding urbanization. This demographic trend has led to increased energy consumption, urban development, and infrastructure investments. Consequently, there is a growing need for sustainable energy solutions, making the region a prime market for renewable methanol. With governments and businesses in Asia Pacific increasingly focused on reducing carbon emissions and achieving sustainability goals, the demand for clean energy sources, such as renewable methanol has surged. Furthermore, Asia Pacific is home to some of the world's largest economies. These nations have shown a strong commitment to renewable energy adoption and sustainable practices. Also, the availability of abundant renewable resources in Asia Pacific, such as solar and wind energy, contributes to the region's dominance in the renewable methanol market. These resources provide a reliable and renewable source of energy for the production of methanol through processes, such as electrolysis and biomass conversion.

Competitive Landscape:

Several companies are investing in research and development to improve the efficiency and cost-effectiveness of renewable methanol production processes. They are exploring various feedstock options, such as biomass, carbon capture, and renewable hydrogen, to create a more sustainable supply chain. Additionally, advancements in electrolysis and gasification technologies are being pursued to enhance the conversion of renewable resources into methanol. Companies are scaling up their production capacity for renewable methanol to meet growing demand. This involves constructing new production facilities and retrofitting existing ones to accommodate the increased production of renewable methanol. Expanding capacity is crucial for making renewable methanol more widely available and competitive in various markets. In line with this, leading players are forming partnerships with other industry players, research institutions, and governments to accelerate the development and adoption of renewable methanol technologies. Collaborations help share knowledge, reduce risks, and facilitate access to funding and resources.

The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

Advanced Chemical Technologies

Advent Technologies A/S

BASF SE

Blue Fuel Energy Corporation

Carbon Recycling International

Enerkem

Methanex Corporation

Methanol Holdings (Trinidad) Limited (Proman AG)

Nordic Green Aps

OCI N.V.

Sodra Skogsagarna

Recent Developments:

In May 2023, Carbon Recycling International completed the commissioning of a new CO2-to-methanol production facility. This project is a significant step towards reducing greenhouse gas emissions and promoting the use of clean energy in the steel manufacturing sector.

In May 2023, BASF SE and Advent Technologies A/S sign an agreement to establish an end-to-end supply chain for hydrogen fuel cell systems in Europe. This partnership aims to revolutionize transportation by offering innovative solutions that reduce carbon emissions.

In April 2022, OCI N. V partners with NortH2 project to develop green ammonia, methanol value chains. The partnership had the intent to develop the first integrated green ammonia and methanol value chains through large-scale green hydrogen supply by NortH2 to OCI's plants in the Netherlands.

Key Questions Answered in This Report

• 1. What was the size of the global renewable methanol market in 2023?
• 2. What is the expected growth rate of the global renewable methanol market during 2024-2032?
• 3. What are the key factors driving the global renewable methanol market?
• 4. What has been the impact of COVID-19 on the global renewable methanol market?
• 5. What is the breakup of the global renewable methanol market based on the feedstock?
• 6. What is the breakup of the global renewable methanol market based on the application?
• 7. What is the breakup of the global renewable methanol market based on the end use industry?
• 8. What are the key regions in the global renewable methanol market?
• 9. Who are the key players/companies in the global renewable methanol market?

Table of Contents

1 Preface

2 Scope and Methodology

• 2.1 Objectives of the Study
• 2.2 Stakeholders
• 2.3 Data Sources
  • 2.3.1 Primary Sources
  • 2.3.2 Secondary Sources
• 2.4 Market Estimation
  • 2.4.1 Bottom-Up Approach
  • 2.4.2 Top-Down Approach
• 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

• 4.1 Overview
• 4.2 Key Industry Trends

5 Global Renewable Methanol Market

• 5.1 Market Overview
• 5.2 Market Performance
• 5.3 Impact of COVID-19
• 5.4 Market Forecast

6 Market Breakup by Feedstock

• 6.1 Agricultural Waste
  • 6.1.1 Market Trends
  • 6.1.2 Market Forecast
• 6.2 Forestry Residues
  • 6.2.1 Market Trends
  • 6.2.2 Market Forecast
• 6.3 Municipal Solid Waste
  • 6.3.1 Market Trends
  • 6.3.2 Market Forecast
• 6.4 Co2 Emissions
  • 6.4.1 Market Trends
  • 6.4.2 Market Forecast
• 6.5 Others
  • 6.5.1 Market Trends
  • 6.5.2 Market Forecast

7 Market Breakup by Application

• 7.1 Formaldehyde
  • 7.1.1 Market Trends
  • 7.1.2 Market Forecast
• 7.2 Dimethyl Ether (DME) and Methyl tert-Butyl Ether (MTBE)
  • 7.2.1 Market Trends
  • 7.2.2 Market Forecast
• 7.3 Gasoline
  • 7.3.1 Market Trends
  • 7.3.2 Market Forecast
• 7.4 Solvents
  • 7.4.1 Market Trends
  • 7.4.2 Market Forecast
• 7.5 Others
  • 7.5.1 Market Trends
  • 7.5.2 Market Forecast

8 Market Breakup by End Use Industry

• 8.1 Chemicals
  • 8.1.1 Market Trends
  • 8.1.2 Market Forecast
• 8.2 Transportation
  • 8.2.1 Market Trends
  • 8.2.2 Market Forecast
• 8.3 Power Generation
  • 8.3.1 Market Trends
  • 8.3.2 Market Forecast
• 8.4 Others
  • 8.4.1 Market Trends
  • 8.4.2 Market Forecast

9 Market Breakup by Region

• 9.1 North America
  • 9.1.1 United States
    • 9.1.1.1 Market Trends
    • 9.1.1.2 Market Forecast
  • 9.1.2 Canada
    • 9.1.2.1 Market Trends
    • 9.1.2.2 Market Forecast
• 9.2 Asia-Pacific
  • 9.2.1 China
    • 9.2.1.1 Market Trends
    • 9.2.1.2 Market Forecast
  • 9.2.2 Japan
    • 9.2.2.1 Market Trends
    • 9.2.2.2 Market Forecast
  • 9.2.3 India
    • 9.2.3.1 Market Trends
    • 9.2.3.2 Market Forecast
  • 9.2.4 South Korea
    • 9.2.4.1 Market Trends
    • 9.2.4.2 Market Forecast
  • 9.2.5 Australia
    • 9.2.5.1 Market Trends
    • 9.2.5.2 Market Forecast
  • 9.2.6 Indonesia
    • 9.2.6.1 Market Trends
    • 9.2.6.2 Market Forecast
  • 9.2.7 Others
    • 9.2.7.1 Market Trends
    • 9.2.7.2 Market Forecast
• 9.3 Europe
  • 9.3.1 Germany
    • 9.3.1.1 Market Trends
    • 9.3.1.2 Market Forecast
  • 9.3.2 France
    • 9.3.2.1 Market Trends
    • 9.3.2.2 Market Forecast
  • 9.3.3 United Kingdom
    • 9.3.3.1 Market Trends
    • 9.3.3.2 Market Forecast
  • 9.3.4 Italy
    • 9.3.4.1 Market Trends
    • 9.3.4.2 Market Forecast
  • 9.3.5 Spain
    • 9.3.5.1 Market Trends
    • 9.3.5.2 Market Forecast
  • 9.3.6 Russia
    • 9.3.6.1 Market Trends
    • 9.3.6.2 Market Forecast
  • 9.3.7 Others
    • 9.3.7.1 Market Trends
    • 9.3.7.2 Market Forecast
• 9.4 Latin America
  • 9.4.1 Brazil
    • 9.4.1.1 Market Trends
    • 9.4.1.2 Market Forecast
  • 9.4.2 Mexico
    • 9.4.2.1 Market Trends
    • 9.4.2.2 Market Forecast
  • 9.4.3 Others
    • 9.4.3.1 Market Trends
    • 9.4.3.2 Market Forecast
• 9.5 Middle East and Africa
  • 9.5.1 Market Trends
  • 9.5.2 Market Breakup by Country
  • 9.5.3 Market Forecast

10 SWOT Analysis

• 10.1 Overview
• 10.2 Strengths
• 10.3 Weaknesses
• 10.4 Opportunities
• 10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

• 12.1 Overview
• 12.2 Bargaining Power of Buyers
• 12.3 Bargaining Power of Suppliers
• 12.4 Degree of Competition
• 12.5 Threat of New Entrants
• 12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

• 14.1 Market Structure
• 14.2 Key Players
• 14.3 Profiles of Key Players
  • 14.3.1 Advanced Chemical Technologies
    • 14.3.1.1 Company Overview
    • 14.3.1.2 Product Portfolio
  • 14.3.2 Advent Technologies A/S
    • 14.3.2.1 Company Overview
    • 14.3.2.2 Product Portfolio
  • 14.3.3 BASF SE
    • 14.3.3.1 Company Overview
    • 14.3.3.2 Product Portfolio
    • 14.3.3.3 Financials
    • 14.3.3.4 SWOT Analysis
  • 14.3.4 Blue Fuel Energy Corporation
    • 14.3.4.1 Company Overview
    • 14.3.4.2 Product Portfolio
  • 14.3.5 Carbon Recycling International
    • 14.3.5.1 Company Overview
    • 14.3.5.2 Product Portfolio
  • 14.3.6 Enerkem
    • 14.3.6.1 Company Overview
    • 14.3.6.2 Product Portfolio
    • 14.3.6.3 SWOT Analysis
  • 14.3.7 Methanex Corporation
    • 14.3.7.1 Company Overview
    • 14.3.7.2 Product Portfolio
    • 14.3.7.3 Financials
    • 14.3.7.4 SWOT Analysis
  • 14.3.8 Methanol Holdings (Trinidad) Limited (Proman AG)
    • 14.3.8.1 Company Overview
    • 14.3.8.2 Product Portfolio
  • 14.3.9 Nordic Green Aps
    • 14.3.9.1 Company Overview
    • 14.3.9.2 Product Portfolio
  • 14.3.10 OCI N.V.
    • 14.3.10.1 Company Overview
    • 14.3.10.2 Product Portfolio
    • 14.3.10.3 Financials
  • 14.3.11 Sodra Skogsagarna
    • 14.3.11.1 Company Overview
    • 14.3.11.2 Product Portfolio