The global green methanol market size reached USD 3.71 Billion in 2021 and is expected to register a revenue CAGR of 6.0% during the forecast period, according to latest analysis by Emergen Research. The key factor driving green methanol market revenue growth is rapid adoption of Methanol-to-olefins (MTO) technology for green methanol production. Green methanol can now be produced using advanced procedures, and it serves as an important raw material in the production of industrial chemicals, including formaldehyde, Methyl-tert-butyl-ether (MTBE), dimethyl terephthalate, acetic acid, methyl methacrylate, and olefins.
Rapidly increasing demand for a wide range of methanol compounds, notably olefins produced through the MTO technology, is expected to drive market revenue growth. Olefins are widely used in the production of synthetic plastic, synthetic rubber, textile colors, and pharmaceuticals. The MTO technology has improved polymer production process by employing alternatives, including coal and natural gas. Moreover, increasing demand for renewable methanol as a better motor fuel for vehicles is expected to support revenue growth of the global market.
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However, the environment for producing green methanol, problems with the supply and quality of raw materials like coal and natural gas, freight costs, capital costs, and governmental regulations are likely to impede the expansion of the market’s revenue. The production of methanol from any carbon-based source requires a significant level of capital investment, therefore enterprises must first decide on the raw material to guarantee a reliable and affordable supply.
Competitive Outlook:
The global Green Methanol market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Green Methanol market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.
The leading market contenders listed in the report are as follows:
Advanced Chemical Technologies,
BASF SE,
Uniper SE,
Fraunhofer GmbH,
Enerkem Inc.,
Innogy SE,
Nordic Green ApS,
Vertimass LLC,
Saudi Basic Industries Corporation, and
Södra Skogsägarna.
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Key Highlights from the Report
Municipal solid waste segment is expected to register a significantly rapid revenue CAGR during the forecast period. Rising use of municipal solid waste for production of green methanol is expected to boost revenue growth of this segment.
Asia-Pacific market is expected to register a considerably faster revenue growth rate in the global green methanol market over the forecast period, due to increasing government incentives for use of alternative renewable fuel sources, as well as rapid growth of the transportation industry in countries in the region.
Emergen Research has segmented the global green methanol market on the basis of feedstock, application, end-use, and region:
Feedstock Outlook (Revenue, USD Billion; 2019-2030)
Agricultural Waste
Forestry Residues
Municipal Solid Waste
CO2 Emission
Others
Application Outlook (Revenue, USD Billion; 2019-2030)
Formaldehyde
Methyl-tert-butyl-ether
Gasoline
Solvent
Others
End-use Outlook (Revenue, USD Billion; 2019-2030)
Chemical
Transportation
Power generation
Others
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Regional Segmentation
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Highlights of the TOC:
1. Report Overview
1.1 Research Scope
1.2 Key Green Methanol market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline
2. Global Growth Trends
2.1 Global Green Methanol market size
2.2 Latest Green Methanol market trends
2.3 Key growth trends
3. Competitive Landscape
3.1 Global Green Methanol market key players
3.2 Global Green Methanol size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Green Methanol market
3.5 Mergers, acquisitions, joint ventures, and strategic alliances
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