Europe Renewable Methanol Market By Source (Agricultural & Animal Waste, Industrial Waste, Municipal Solid Waste, CO2 emissions and Others); By Application (Formaldehyde, Gasoline, Di-methyl Ether & Methyl Tert-Butyl Ether and Others); By End-User (Automotive, Chemicals, Construction, Power Generation and Others); By Region (UK, Germany, France, Spain, Italy and Rest of Europe) – Analysis of market share, size & trends for 2016-19 and forecasts to 2030
Renewable methanol is second-generation methanol derived from natural gas, coal, and renewable energy sources, mainly from biomass and industrial wastage, non-food crop resources, or by recycling carbon dioxide. Biomass is considered as the major source for the generation of renewable methanol. It is an essential component for the synthesis of biofuels which can be produced as a chemical feed or mixed into car fuels. Renewable methanol generation is analogous to traditional methanol where carbon dioxide is substituted by carbon monoxide.
Europe Renewable Methanol Market is expected to reach USD XXXX million in 2030 from USD XXXX million in 2019, growing at a CAGR of XX% during the forecast period. The major factors driving the growth of the market are discussed below. The continuous exploitation of natural resources has resulted in high levels of carbon emissions and rising oil prices. This has stimulated the use of methanol as a fuel. Nevertheless, if the production of methanol is done from renewable sources like plants, agricultural & municipal waste, and industrial carbon dioxide, then the existing CO2 levels are believed to reduce significantly.
Europe Renewable Methanol Market: Segments
Cheap Agricultural & Animal Waste
Europe Renewable Methanol Market is segmented on the basis of source into agricultural & animal waste, industrial waste, municipal solid waste, co2 emissions and others. Amongst all these, the agricultural & animal waste segment captured a major market share of XX% in 2019 and is forecasted to grow at fastest CAGR over the forecast period. Forest residues, animal residues, tree plants and small forage are the inputs required to manufacture methanol from agricultural and animal-derived waste. This form of methanol can be obtained by the use of a thermochemical process known as gasification. The municipal waste used for methanol production includes commercially and home-generated byproducts.
Europe Renewable Methanol Market: Market Dynamics
• Increasing use of automobile
The total number of motor vehicles in Europe has crossed 308 million and is expected to cross 500 million by 2030. The growing use of automobiles in the region is expected to boost the overall market growth in the forecast timeframe. Increased demand is anticipated to increase market growth for renewable methanol as motor fuel.
Growing Environmental Concerns
Rapidly increasing environmental issues because of rising temperatures and altering weather conditions mainly drive the growth of the renewable methanol market. The exhaustion of limited resources owing to increased fossil-fuel dependence and varying natural gas and crude oil prices further contribute to the growth of the market. Therefore, renewable methanol is expected to encourage market growth supported by the increasing environmental issues related to CO2 emissions.
Europe Renewable Methanol Market: Regional Analysis
Europe Renewable Methanol Market is segmented on the basis of regional analysis into six major regions. These include UK, Germany, France, Spain, Italy and Rest of Europe. Geographically, Germany is expected to dominate the market in Europe over the forecast period, owing to supportive government policies, increasing demand from significant end-users and growing environmental concerns are likely to boost the market in Germany.
• Mitsui & Co.
Key Product Offerings
Key Performance Indicators
· Saudi Basic Industries Corporation
· Valero Marketing & Supply Company
· Qatar Fuel Additives Company Limited
· Zagros Petrochemical Company
· Methanex Corporation
· Celanese Corporation
· BASF AG
Europe Renewable Methanol Market Report also contains an analysis on:
· Europe Renewable Methanol Market by segment:
• By Source
• Agricultural & Animal Waste
• Industrial Waste
• Municipal Solid Waste
• CO2 Emissions
• By Application
• Di-methyl Ether & Methyl Tert-Butyl Ether
• By End-Users
• Power Generation
• By Region
• Rest of Europe
· Europe Renewable Methanol Market Size
· Europe Renewable Methanol Market Dynamics
· Supply and Demand
· Current Issues/trends/challenges
· Competition and Companies Involved in the Market
· Value Chain of the Market
· Market Drivers and Restraints