Global Renewable Methanol Market 2022-2028: Availability of Renewable Methanol and Government Efforts to Reduce Emissions Driving Growth
Dublin, July 08, 2022 (GLOBE NEWSWIRE) -- The "Global Renewable Methanol Market 2022-2028" report has been added to ResearchAndMarkets.com's offering.
As per the publisher's research report, the global renewable methanol market is expected to develop at a CAGR of 4.11% in revenue and 2.32% in volume over the forecast period of 2022-2028.
The studied market's growth is supported by factors such as the availability of renewable methanol and strict government rules and regulations to reduce greenhouse gas emissions.
Additionally, the substitution of production marine fuels with renewable methanol has influenced manufacturers such as MAN and Wartsila to continue their research on engine technology to support adoption of renewable methanol. Hence, this transition is expected to open new avenues for the global market.
On the contrary, the high installation cost and hazardous impacts of methanol on the human body negatively impact the renewable methanol market's development.
The global renewable methanol market covers North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa.
Geographically, the Asia-Pacific dominates the renewable methanol market and is expected to continue its stronghold by 2028. The growth is credited to the increasing methanol adoption as fuel in the transportation sector. Also, key players in the market, such as Carbon Recycling International (CRI), significantly aid in the overall market's growth. For example, CRI's largest emissions-to-liquids (ETL) reactor system is the key piece of equipment needed to hydrogenate CO2 for methanol formation.
Additionally, leading suppliers are collaborating to promote renewable methanol production. In this regard, companies such as Geely Holdings and Zixin Industrial Co are establishing production plants in China, strengthening its demand. Hence, these factors play a crucial role in boosting the overall market's growth.
Key Topics Covered:
1. Global Renewable Methanol Market - Summary
2. Industry Outlook
2.1. Impact of Covid-19 on the Renewable Methanol Market
2.2. Key Insights
2.2.1. Substitution of Production Marine Fuels With Renewable Methanol
2.3. Porter's Five Forces Analysis
2.4. Market Attractiveness Index
2.5. Vendor Scorecard
2.6. Regulatory Framework
2.7. Key Market Strategies
2.8. Market Drivers
2.8.1. Availability of Renewable Methanol
2.8.2. Stringent Government Rules and Regulation
2.9. Market Challenges
2.9.1. Health Concerns
2.9.2. High Installation Cost
2.10. Market Opportunities
2.10.1. Shifting Trend Toward Sustainable Energy Source
3. Global Renewable Methanol Market Outlook - by Application
3.2. Dme & Mtbe
3.5. Other Applications
4. Global Renewable Methanol Market Outlook - by Feedstock
4.1. Agricultural Waste
4.2. Forestry Residues
4.3. Municipal Solid Waste
4.4. Co2 Emissions
4.5. Other Feedstocks
5. Global Renewable Methanol Market Outlook - by End-User
5.3. Power Generation
5.4. Other End-Users
6. Global Renewable Methanol Market - Regional Outlook
Advanced Chemical Technologies
Carbon Recycling International
Methanol Holdings (Trinidad) Ltd
Gujarat Narmada Valley Fertilizers and Chemicals Limited
Southern Chemical Corporation
For more information about this report visit https://www.researchandmarkets.com/r/60mhrc
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