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