NORTH AMERICA RENEWABLE METHANOL MARKET 2022-2028

Chemicals & Materials | Specialty Chemicals

NORTH AMERICA RENEWABLE METHANOL MARKET 2022-2028

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

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Based on Triton’s estimates, the renewable methanol market in North America is predicted to advance with a CAGR of 4.21% and 2.42% in revenue and volume, individually, during the forecast years 2022-2028.




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The countries observed in the region include:

•         The United States

•         Canada

In the region, the United States secures the highest share in the renewable methanol market. The region’s growth is mainly on account of the introduction of the renewable fuel standard to reduce greenhouse gas emissions. These programs help minimize dependency on biofuel, significantly lowering the impact of harmful emissions. Furthermore, other efforts include the ongoing development of a Clean Fuel Standard by the Canadian Government and the California Low Carbon Fuel Standard. Hence, the efforts to reduce greenhouse gas emissions are expected to propel the renewable methanol market on a progressive path.

Furthermore, the rise in demand for renewable fuels across industries is anticipated to increase the demand for renewable methanol. Several regulations are underway that are anticipated to reinforce research efforts into developing bio-methanol. Hence, these are other factors augmenting the market’s growth.

In the United States, the government is concentrating on improving natural gas consumption in the industrial sector. This has led to the development of new methanol plants, with a capacity of around 3.3 million metric tons yearly. As per estimates, this capacity is anticipated to surge significantly in the upcoming years. Thus, as mentioned above, these factors are expected to boost the renewable methanol market’s development.

Methanol is widely used as an industrial solvent to develop inks, resins, adhesives, and dyes. Moreover, it is used for manufacturing vital pharmaceutical products like vitamins, hormones, and others. The market is examined based on end-user, application, and feedstock. In terms of application, it is categorized into solvents, DME & MTBE, gasoline, formaldehyde, and other applications.

The leading companies thriving in the market include Gujarat Narmada Valley Fertilizers & Chemicals Limited, Southern Chemical Corporation, Atlantic Methanol, Methanex Corporation, and Methanol Holdings (Trinidad) Ltd.

Atlantic Methanol is involved in producing around 1 million metric tons of methanol each year, or higher than 1% of the global market. The company is strategically located to supply markets in the Americas, Europe, and Asia. This is mainly owing to its location in the Atlantic Basin and as one of the largest and lowest-cost methanol producers. The company is headquartered in Houston, Texas, the United States.

 

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 North America 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 NA renewable methanol market’s growth during the upcoming years

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Table of Content

1. NORTH AMERICA 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. NORTH AMERICA RENEWABLE METHANOL MARKET OUTLOOK - BY APPLICATION

3.1. FORMALDEHYDE

3.2. DME & MTBE

3.3. GASOLINE

3.4. SOLVENTS

3.5. OTHER APPLICATIONS

4. NORTH AMERICA 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. NORTH AMERICA RENEWABLE METHANOL MARKET OUTLOOK - BY END-USER

5.1. CHEMICAL

5.2. TRANSPORTATION

5.3. POWER GENERATION

5.4. OTHER END-USERS

6. NORTH AMERICA RENEWABLE METHANOL MARKET – COUNTRY OUTLOOK

6.1. UNITED STATES

6.2. CANADA

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: NORTH AMERICA RENEWABLE METHANOL MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)

TABLE 2: NORTH AMERICA 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: NORTH AMERICA RENEWABLE METHANOL MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)

TABLE 8: NORTH AMERICA RENEWABLE METHANOL MARKET, BY APPLICATION, 2022-2028 (IN KILOTON)

TABLE 9: NORTH AMERICA RENEWABLE METHANOL MARKET, BY FEEDSTOCK, 2022-2028 (IN $ MILLION)

TABLE 10: NORTH AMERICA RENEWABLE METHANOL MARKET, BY FEEDSTOCK, 2022-2028 (IN KILOTON)

TABLE 11: NORTH AMERICA RENEWABLE METHANOL MARKET, BY END-USER, 2022-2028 (IN $ MILLION)

TABLE 12: NORTH AMERICA RENEWABLE METHANOL MARKET, BY END-USER, 2022-2028 (IN KILOTON)

TABLE 13: NORTH AMERICA RENEWABLE METHANOL MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)

TABLE 14: NORTH AMERICA RENEWABLE METHANOL MARKET, BY COUNTRY, 2022-2028 (IN KILOTON)

List of Figures

FIGURE 1: MARKET ATTRACTIVENESS INDEX

FIGURE 2: NORTH AMERICA RENEWABLE METHANOL MARKET, APPLICATION OUTLOOK, 2021 & 2028 (IN %)

FIGURE 3: NORTH AMERICA RENEWABLE METHANOL MARKET, BY FORMALDEHYDE, 2022-2028 (IN $ MILLION)

FIGURE 4: NORTH AMERICA RENEWABLE METHANOL MARKET, BY DME & MTBE, 2022-2028 (IN $ MILLION)

FIGURE 5: NORTH AMERICA RENEWABLE METHANOL MARKET, BY GASOLINE, 2022-2028 (IN $ MILLION)

FIGURE 6: NORTH AMERICA RENEWABLE METHANOL MARKET, BY SOLVENTS, 2022-2028 (IN $ MILLION)

FIGURE 7: NORTH AMERICA RENEWABLE METHANOL MARKET, BY OTHER APPLICATIONS, 2022-2028 (IN $ MILLION)

FIGURE 8: NORTH AMERICA RENEWABLE METHANOL MARKET, FEEDSTOCK OUTLOOK, 2021 & 2028 (IN %)

FIGURE 9: NORTH AMERICA RENEWABLE METHANOL MARKET, BY AGRICULTURAL WASTE, 2022-2028 (IN $ MILLION)

FIGURE 10: NORTH AMERICA RENEWABLE METHANOL MARKET, BY FORESTRY RESIDUES, 2022-2028 (IN $ MILLION)

FIGURE 11: NORTH AMERICA RENEWABLE METHANOL MARKET, BY MUNICIPAL SOLID WASTE, 2022-2028 (IN $ MILLION)

FIGURE 12: NORTH AMERICA RENEWABLE METHANOL MARKET, BY CO2 EMISSIONS, 2022-2028 (IN $ MILLION)

FIGURE 13: NORTH AMERICA RENEWABLE METHANOL MARKET, BY OTHER FEEDSTOCKS, 2022-2028 (IN $ MILLION)

FIGURE 14: NORTH AMERICA RENEWABLE METHANOL MARKET, END-USER OUTLOOK, 2021 & 2028 (IN %)

FIGURE 15: NORTH AMERICA RENEWABLE METHANOL MARKET, BY CHEMICAL, 2022-2028 (IN $ MILLION)

FIGURE 16: NORTH AMERICA RENEWABLE METHANOL MARKET, BY TRANSPORTATION, 2022-2028 (IN $ MILLION)

FIGURE 17: NORTH AMERICA RENEWABLE METHANOL MARKET, BY POWER GENERATION, 2022-2028 (IN $ MILLION)

FIGURE 18: NORTH AMERICA RENEWABLE METHANOL MARKET, BY OTHER END-USERS, 2022-2028 (IN $ MILLION)

FIGURE 19: NORTH AMERICA RENEWABLE METHANOL MARKET, REGIONAL OUTLOOK, 2021 & 2028 (IN %)

FIGURE 20: UNITED STATES RENEWABLE METHANOL MARKET 2022-2028 (IN $ MILLION)

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

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