Market by Application, Feedstock, End-user, and Country Outlook | Forecast 2022-2028
According to Triton’s report, the renewable methanol market in the Asia-Pacific is estimated to advance with a CAGR of 3.73% in value and 1.94% in volume during the forecast period 2022-2028.
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The
countries studied in the region include:
•
China
•
Japan
•
India
•
South Korea
•
ASEAN Countries
•
Australia & New Zealand
•
Rest of Asia-Pacific
China captures a majority of the market
share in the region in terms of revenue. The surge in methanol use as a
transportation fuel is anticipated to surge the demand for renewable methanol.
Several companies are collaborating to promote renewable methanol production.
For instance, Geely Holding and Zixin Industrial Co are establishing methanol
production facilities in China. Furthermore, the region is considered the world’s
largest emitter of carbon dioxide. This has compelled countries to reduce their
level of emissions. Therefore, these factors are expected to drive the renewable
methanol market on a growth path over the forecast period.
Around
two-thirds of methanol feedstock in China is generated from coal and the rest is
from cooking and natural gas. The nation has abundant coal resources, which has
increased its capacity to manufacture methanol. The government has approved
standards for methanol blends, ranging from 5% to 100%. Additionally,
methanol is widely used as a transportation fuel, influencing manufacturers to
expand their production capacity. Thus, as stated above, these factors are
responsible for the robust growth of the renewable methanol market.
Japan
is the fifth-largest carbon emitter. The level of greenhouse emissions has
dropped substantially in recent years due to the rise in renewable energy use. While the methanol industry is at a nascent stage, the high demand to reduce greenhouse emissions opens new avenues for the renewable methanol market.
Agriculture
activity generates a large amount of biomass that helps produce renewable
methanol. As per estimates, around 998 million agricultural waste is produced.
Several governments have imposed strict environmental regulations on carbon
emissions in response to climate change. These regulations thus encourage the processing
of organic waste into biogas. The market
is assessed based on feedstock, application, and end-user. The feedstock
segment includes agriculture waste, municipal solid waste, Co2 emissions,
forestry residues, and other feedstocks.
Leading companies in the studied
market consist of Gujarat
Narmada Valley Fertilizers & Chemicals Limited, Atlantic Methanol, Sodra,
Southern Chemical Corporation, Methanex Corporation, and Methanol Holdings
(Trinidad) Ltd.
Gujarat Narmada Valley
Fertilizers & Chemicals Limited provides products across industrial
chemicals, fertilizers, and IT sectors. It manufactures and sells fertilizers,
such as urea, ammonium nitro-phosphate, formic acid, and others. The company
also provides IT services and solutions covering system integration, data
centers, and cloud storage. The company serves clients across multiple regions,
with headquarters located in India.
Key
deliverables of the report:
· Market CAGR during the forecasting
years 2022-2028
· Detailed data highlighting key
insights, industry components, and market strategies
· Comprehensive information and
estimation of the renewable methanol market revenue growth in the Asia-Pacific
and its influence on the parent market
· In-depth study of forthcoming trends
in consumer behavioral patterns
· A meticulous analysis of the
competitive landscape, vendor scorecard, and Porter’s Five Forces
· A wide-ranging study of factors that
will challenge the APAC renewable methanol market’s growth during the upcoming
years
Want
to get specific insights? Our team of analysts can customize this report based
on your preferences. Connect with us here.
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VIEW REPORT1. ASIA-PACIFIC
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
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTES
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. MARKET
ATTRACTIVENESS INDEX
2.5. VENDOR
SCORECARD
2.6. REGULATORY
FRAMEWORK
2.7. KEY
MARKET STRATEGIES
2.7.1. PRODUCT
LAUNCHES
2.7.2. PARTNERSHIPS
2.7.3. BUSINESS
EXPANSIONS
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. ASIA-PACIFIC
RENEWABLE METHANOL MARKET OUTLOOK - BY APPLICATION
3.1. FORMALDEHYDE
3.2. DME
& MTBE
3.3. GASOLINE
3.4. SOLVENTS
3.5. OTHER
APPLICATIONS
4. ASIA-PACIFIC
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. ASIA-PACIFIC
RENEWABLE METHANOL MARKET OUTLOOK - BY END-USER
5.1. CHEMICAL
5.2. TRANSPORTATION
5.3. POWER
GENERATION
5.4. OTHER
END-USERS
6. ASIA-PACIFIC
RENEWABLE METHANOL MARKET – COUNTRY OUTLOOK
6.1. CHINA
6.2. JAPAN
6.3. INDIA
6.4. SOUTH
KOREA
6.5. ASEAN
COUNTRIES
6.6. AUSTRALIA
& NEW ZEALAND
6.7. REST
OF ASIA-PACIFIC
7. COMPETITIVE
LANDSCAPE
7.1. ADVANCED
CHEMICAL TECHNOLOGIES
7.2. BASF
SE
7.3. CARBON
RECYCLING INTERNATIONAL
7.4. ENERKEM
7.5. FRAUNHOFER
7.6. INNOGY
7.7. NORDIC
GREEN
7.8. OCI
NV
7.9. SERENERGY
SV
7.10. SODRA
7.11. METHANEX
CORPORATION
7.12. METHANOL
HOLDINGS (TRINIDAD) LTD
7.13. GUJARAT
NARMADA VALLEY FERTILIZERS & CHEMICALS LIMITED
7.14. SOUTHERN
CHEMICAL CORPORATION
7.15. ATLANTIC
METHANOL
8. RESEARCH
METHODOLOGY & SCOPE
8.1. RESEARCH
SCOPE & DELIVERABLES
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE 1: ASIA-PACIFIC
RENEWABLE METHANOL MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)
TABLE 2: ASIA-PACIFIC
RENEWABLE METHANOL MARKET, BY COUNTRY, 2022-2028 (IN KILOTON)
TABLE 3: VENDOR
SCORECARD
TABLE 4: LIST OF
PRODUCT LAUNCHES
TABLE 5: LIST OF
PARTNERSHIPS
TABLE 6: LIST OF
BUSINESS EXPANSIONS
TABLE 7: ASIA-PACIFIC
RENEWABLE METHANOL MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)
TABLE 8: ASIA-PACIFIC
RENEWABLE METHANOL MARKET, BY APPLICATION, 2022-2028 (IN KILOTON)
TABLE 9: ASIA-PACIFIC
RENEWABLE METHANOL MARKET, BY FEEDSTOCK, 2022-2028 (IN $ MILLION)
TABLE 10: ASIA-PACIFIC
RENEWABLE METHANOL MARKET, BY FEEDSTOCK, 2022-2028 (IN KILOTON)
TABLE 11: ASIA-PACIFIC
RENEWABLE METHANOL MARKET, BY END-USER, 2022-2028 (IN $ MILLION)
TABLE 12: ASIA-PACIFIC
RENEWABLE METHANOL MARKET, BY END-USER, 2022-2028 (IN KILOTON)
TABLE 13: ASIA-PACIFIC
RENEWABLE METHANOL MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)
TABLE 14: ASIA-PACIFIC
RENEWABLE METHANOL MARKET, BY COUNTRY, 2022-2028 (IN KILOTON)
FIGURE 1: MARKET
ATTRACTIVENESS INDEX
FIGURE 2: ASIA-PACIFIC
RENEWABLE METHANOL MARKET, APPLICATION OUTLOOK, 2021 & 2028 (IN %)
FIGURE 3: ASIA-PACIFIC
RENEWABLE METHANOL MARKET, BY FORMALDEHYDE, 2022-2028 (IN $ MILLION)
FIGURE 4: ASIA-PACIFIC
RENEWABLE METHANOL MARKET, BY DME & MTBE, 2022-2028 (IN $ MILLION)
FIGURE 5: ASIA-PACIFIC
RENEWABLE METHANOL MARKET, BY GASOLINE, 2022-2028 (IN $ MILLION)
FIGURE 6: ASIA-PACIFIC
RENEWABLE METHANOL MARKET, BY SOLVENTS, 2022-2028 (IN $ MILLION)
FIGURE 7: ASIA-PACIFIC
RENEWABLE METHANOL MARKET, BY OTHER APPLICATIONS, 2022-2028 (IN $ MILLION)
FIGURE 8: ASIA-PACIFIC
RENEWABLE METHANOL MARKET, FEEDSTOCK OUTLOOK, 2021 & 2028 (IN %)
FIGURE 9: ASIA-PACIFIC
RENEWABLE METHANOL MARKET, BY AGRICULTURAL WASTE, 2022-2028 (IN $ MILLION)
FIGURE 10: ASIA-PACIFIC
RENEWABLE METHANOL MARKET, BY FORESTRY RESIDUES, 2022-2028 (IN $ MILLION)
FIGURE 11: ASIA-PACIFIC
RENEWABLE METHANOL MARKET, BY MUNICIPAL SOLID WASTE, 2022-2028 (IN $ MILLION)
FIGURE 12: ASIA-PACIFIC
RENEWABLE METHANOL MARKET, BY CO2 EMISSIONS, 2022-2028 (IN $ MILLION)
FIGURE 13: ASIA-PACIFIC
RENEWABLE METHANOL MARKET, BY OTHER FEEDSTOCKS, 2022-2028 (IN $ MILLION)
FIGURE 14: ASIA-PACIFIC
RENEWABLE METHANOL MARKET, END-USER OUTLOOK, 2021 & 2028 (IN %)
FIGURE 15: ASIA-PACIFIC
RENEWABLE METHANOL MARKET, BY CHEMICAL, 2022-2028 (IN $ MILLION)
FIGURE 16: ASIA-PACIFIC
RENEWABLE METHANOL MARKET, BY TRANSPORTATION, 2022-2028 (IN $ MILLION)
FIGURE 17: ASIA-PACIFIC
RENEWABLE METHANOL MARKET, BY POWER GENERATION, 2022-2028 (IN $ MILLION)
FIGURE 18: ASIA-PACIFIC
RENEWABLE METHANOL MARKET, BY OTHER END-USERS, 2022-2028 (IN $ MILLION)
FIGURE 19: ASIA-PACIFIC
RENEWABLE METHANOL MARKET, REGIONAL OUTLOOK, 2021 & 2028 (IN %)
FIGURE 20: CHINA
RENEWABLE METHANOL MARKET 2022-2028 (IN $ MILLION)
FIGURE 21: JAPAN
RENEWABLE METHANOL MARKET 2022-2028 (IN $ MILLION)
FIGURE 22: INDIA
RENEWABLE METHANOL MARKET 2022-2028 (IN $ MILLION)
FIGURE 23: SOUTH KOREA
RENEWABLE METHANOL MARKET 2022-2028 (IN $ MILLION)
FIGURE 24: ASEAN COUNTRIES
RENEWABLE METHANOL MARKET 2022-2028 (IN $ MILLION)
FIGURE 25: AUSTRALIA
& NEW ZEALAND RENEWABLE METHANOL MARKET 2022-2028 (IN $ MILLION)
FIGURE 26: REST OF
ASIA-PACIFIC RENEWABLE METHANOL MARKET 2022-2028 (IN $ MILLION)