MarkNtel Advisors recently published a report, titled, ” Global Green Methanol Market By Feedstock (Biomass (Agricultural Waste, Forestry Residues, Municipal Solid Waste (MSW)), CO2 (Industrial Emissions, Captured CO2), Renewable Hydrogen, Others), By Application (Formaldehyde, MTO (Methanol to Olefins), Dimethyl Ether (DME) & Methyl Tert-Butyl Ether (MTBE), Gasoline, Solvents, Others), By End-User (Chemical, Transportation (includes Shipping), Power Generation, Automotive, Others),. As per as the report The Global Green Methanol Market is projected to grow at a CAGR of around 4.9% during the forecast period, i.e., 2022-27.
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Growth Restraint: Significantly High Production Costs of Green Methanol
Using waste as a feedstock incurs massive expenditure, i.e., required for its gasification, as well as for transportation. Several countries worldwide, such as Denmark, the UK, Belgium, Israel, etc., do not have sufficient availability of biomass & MSW and thus rely on waste transported from other countries like India, China, & Japan. Hence, bio-methanol production plants with no local feedstock supply require more capital to be invested in the supply chain.
In addition, the production cost of e-methanol is also high due to the massive investments in setting up electrolyzers that require electricity generated by solar & wind plants, i.e., further an expensive process. Hence, these aspects might act as major growth restraints for the Global Green Methanol Market during 2022-27.
Leading Companies in Global Green Methanol Market:
Advanced Chemical Technologies, BASF SE, BioMCN, Carbon Recycling International, Enerkem, European Energy, Nordic Green, NREL, SABIC (Saudi Basic Industries Corporation), Södra Skogsägarna, and Vertimass, among others
Global Green Methanol Market Segmentation:
By Feedstock
-Biomass
-Agricultural Waste
-Forestry Residues
-Municipal Solid Waste (MSW)
-CO2
-Industrial Emissions
-Captured CO2
-Renewable Hydrogen
-Others
By Application
-Formaldehyde
-MTO (Methanol to Olefins)
-Dimethyl Ether (DME) & Methyl Tert-Butyl Ether (MTBE)
-Gasoline
-Solvents
-Others
By End-User
-Chemical
-Transportation (includes Shipping)
-Power Generation
-Automotive
-Others
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By Region
-North America
-South America
-Europe
-Middle East & Africa
-Asia-Pacific.
Key questions answered in the Global Green Methanol Market are:
- What is Global Green Methanol Market?
- What was the market size in 2023?
- What is the growth rate of the Global Green Methanol Market?
- Which are the factors expected to drive the market growth?
- What are the different segments of the Global Green Methanol Market?
- What segments are covered in the Market?
- Who are the key players in the Global Green Methanol Market?
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