MIDDLE EAST AND AFRICA RENEWABLE METHANOL MARKET 2022-2028

Chemicals & Materials | Specialty Chemicals

MIDDLE EAST AND AFRICA RENEWABLE METHANOL MARKET 2022-2028

Market by Application, Feedstock, End-user, and Country Outlook | Forecast 2022-2028

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Triton Market Research’s report predicts the Middle East and Africa renewable methanol market to advance in revenue and volume with a CAGR of 4.72% and 2.92%, respectively, during the forecast years 2022-2028.


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The countries evaluated in this region include:

•         The United Arab Emirates

•         Saudi Arabia

•         Kuwait

•         South Africa

•         Rest of Middle East & Africa

Kuwait captures a major market share in the renewable methanol market. Several companies in the region are striving to generate renewable methanol. Along with this, numerous top producing renewable methanol plants are situated in the region, especially in Kuwait and Saudi Arabia. Moreover, the presence of prominent companies like BASF SE has fueled the production of bio-methanol. Therefore, as mentioned above, these factors are major drivers responsible for the market’s growth.

Kuwait has increased efforts to develop non-associated natural gas fields to diversify its oil-based economy. Here, higher natural gas production would help the nation’s feedstock for the struggling electricity industry. The electricity industry frequently fails to generate electricity during peak hours. As a result, the country’s natural gas usage has surged significantly over the past few years, leading to a reduction in petroleum and other liquid use. Hence, the rising demand for renewable resources for electricity generation creates novel opportunities for the renewable methanol market.

As per Proman, the world’s second-largest methanol manufacturer, the UAE’s first methanol manufacturing plant would cost between $1.8 billion and $2 billion. Moreover, this plant is expected to be expanded to meet the rising international demand, especially in the maritime industry. The company is working with Adnoc and ADQ on this project. Thus, such steps undertaken by companies are set to fuel the market’s growth over the forecast period.

Forest residual biomass like leaves, branches, and wood chips are used as feedstocks to manufacture biochemicals, such as renewable methanol. Several companies use these products for generating bio-methanol. For instance, Sodra is establishing a plant to produce bio-methanol from its pulp mill manufacturing. The market is examined based on feedstock, end-user, and application. The feedstock segment includes forestry residues, agricultural waste, Co2 emissions, municipal solid waste, and other feedstocks.

BASF SE, Carbon Recycling International, Innogy, Nordic Green, OCI NV, and Enerkem are some of the companies listed in the market.

BASF SE is among the major chemical companies. Its product line includes chemicals, performance products, functional material and solutions, oil and gas, and others. The company operates through multiple business segments that contain 13 operating divisions managing 86 strategic business units. The chemicals segment consists of basic chemicals and intermediates. BASF has operations across numerous regions, including the Middle East and Africa.

 

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 Middle East and Africa 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 Middle East and Africa renewable methanol market’s growth during the upcoming years

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Table of Content

1. MIDDLE EAST AND AFRICA 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. MIDDLE EAST AND AFRICA RENEWABLE METHANOL MARKET OUTLOOK - BY APPLICATION

3.1. FORMALDEHYDE

3.2. DME & MTBE

3.3. GASOLINE

3.4. SOLVENTS

3.5. OTHER APPLICATIONS

4. MIDDLE EAST AND AFRICA 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. MIDDLE EAST AND AFRICA RENEWABLE METHANOL MARKET OUTLOOK - BY END-USER

5.1. CHEMICAL

5.2. TRANSPORTATION

5.3. POWER GENERATION

5.4. OTHER END-USERS

6. MIDDLE EAST AND AFRICA RENEWABLE METHANOL MARKET – COUNTRY OUTLOOK

6.1. SAUDI ARABIA

6.2. UAE

6.3. SOUTH AFRICA

6.4. KUWAIT

6.5. REST OF MIDDLE EAST & AFRICA

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

List of Tables

TABLE 1: MIDDLE EAST AND AFRICA RENEWABLE METHANOL MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)

TABLE 2: MIDDLE EAST AND AFRICA 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: MIDDLE EAST AND AFRICA RENEWABLE METHANOL MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)

TABLE 8: MIDDLE EAST AND AFRICA RENEWABLE METHANOL MARKET, BY APPLICATION, 2022-2028 (IN KILOTON)

TABLE 9: MIDDLE EAST AND AFRICA RENEWABLE METHANOL MARKET, BY FEEDSTOCK, 2022-2028 (IN $ MILLION)

TABLE 10: MIDDLE EAST AND AFRICA RENEWABLE METHANOL MARKET, BY FEEDSTOCK, 2022-2028 (IN KILOTON)

TABLE 11: MIDDLE EAST AND AFRICA RENEWABLE METHANOL MARKET, BY END-USER, 2022-2028 (IN $ MILLION)

TABLE 12: MIDDLE EAST AND AFRICA RENEWABLE METHANOL MARKET, BY END-USER, 2022-2028 (IN KILOTON)

TABLE 13: MIDDLE EAST AND AFRICA RENEWABLE METHANOL MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)

TABLE 14: MIDDLE EAST AND AFRICA RENEWABLE METHANOL MARKET, BY COUNTRY, 2022-2028 (IN KILOTON)

List of Figures

FIGURE 1: MARKET ATTRACTIVENESS INDEX

FIGURE 2: MIDDLE EAST AND AFRICA RENEWABLE METHANOL MARKET, APPLICATION OUTLOOK, 2021 & 2028 (IN %)

FIGURE 3: MIDDLE EAST AND AFRICA RENEWABLE METHANOL MARKET, BY FORMALDEHYDE, 2022-2028 (IN $ MILLION)

FIGURE 4: MIDDLE EAST AND AFRICA RENEWABLE METHANOL MARKET, BY DME & MTBE, 2022-2028 (IN $ MILLION)

FIGURE 5: MIDDLE EAST AND AFRICA RENEWABLE METHANOL MARKET, BY GASOLINE, 2022-2028 (IN $ MILLION)

FIGURE 6: MIDDLE EAST AND AFRICA RENEWABLE METHANOL MARKET, BY SOLVENTS, 2022-2028 (IN $ MILLION)

FIGURE 7: MIDDLE EAST AND AFRICA RENEWABLE METHANOL MARKET, BY OTHER APPLICATIONS, 2022-2028 (IN $ MILLION)

FIGURE 8: MIDDLE EAST AND AFRICA RENEWABLE METHANOL MARKET, FEEDSTOCK OUTLOOK, 2021 & 2028 (IN %)

FIGURE 9: MIDDLE EAST AND AFRICA RENEWABLE METHANOL MARKET, BY AGRICULTURAL WASTE, 2022-2028 (IN $ MILLION)

FIGURE 10: MIDDLE EAST AND AFRICA RENEWABLE METHANOL MARKET, BY FORESTRY RESIDUES, 2022-2028 (IN $ MILLION)

FIGURE 11: MIDDLE EAST AND AFRICA RENEWABLE METHANOL MARKET, BY MUNICIPAL SOLID WASTE, 2022-2028 (IN $ MILLION)

FIGURE 12: MIDDLE EAST AND AFRICA RENEWABLE METHANOL MARKET, BY CO2 EMISSIONS, 2022-2028 (IN $ MILLION)

FIGURE 13: MIDDLE EAST AND AFRICA RENEWABLE METHANOL MARKET, BY OTHER FEEDSTOCKS, 2022-2028 (IN $ MILLION)

FIGURE 14: MIDDLE EAST AND AFRICA RENEWABLE METHANOL MARKET, END-USER OUTLOOK, 2021 & 2028 (IN %)

FIGURE 15: MIDDLE EAST AND AFRICA RENEWABLE METHANOL MARKET, BY CHEMICAL, 2022-2028 (IN $ MILLION)

FIGURE 16: MIDDLE EAST AND AFRICA RENEWABLE METHANOL MARKET, BY TRANSPORTATION, 2022-2028 (IN $ MILLION)

FIGURE 17: MIDDLE EAST AND AFRICA RENEWABLE METHANOL MARKET, BY POWER GENERATION, 2022-2028 (IN $ MILLION)

FIGURE 18: MIDDLE EAST AND AFRICA RENEWABLE METHANOL MARKET, BY OTHER END-USERS, 2022-2028 (IN $ MILLION)

FIGURE 19: MIDDLE EAST AND AFRICA RENEWABLE METHANOL MARKET, REGIONAL OUTLOOK, 2021 & 2028 (IN %)

FIGURE 20: SAUDI ARABIA RENEWABLE METHANOL MARKET 2022-2028 (IN $ MILLION)

FIGURE 21: UAE RENEWABLE METHANOL MARKET 2022-2028 (IN $ MILLION)

FIGURE 22: SOUTH AFRICA RENEWABLE METHANOL MARKET 2022-2028 (IN $ MILLION)

FIGURE 23: KUWAIT RENEWABLE METHANOL MARKET 2022-2028 (IN $ MILLION)

FIGURE 24: REST OF MIDDLE EAST & AFRICA RENEWABLE METHANOL MARKET 2022-2028 (IN $ MILLION)

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