The global renewable methanol market size reached USD 4.00 Billion in 2022 and is expected to register a revenue CAGR of 5.5% during the forecast period, according to the latest analysis by Emergen Research. Strategic partnerships and collaborations aimed at exploring methanol-powered fuel cells for the marine sector is a major factor driving the market revenue growth. For instance, on 11 January 2023, Advent Technologies Holdings, Inc., which is a leading provider of high-temperature proton exchange membranes and high-temperature proton exchange-membrane electrode assemblies, announced a collaboration with Alfa Laval AB, which is a Swedish manufacturer of fluid handling systems, to investigate marine applications of Advent's methanol-powered High-Temperature Proton Exchange Membrane (HT-PEM) fuel cells. The project is funded by the Danish Energy Technology Development and Demonstration Program (EUDP), which is a collaboration between Advent, Alfa Laval, and a consortium of Danish shipowners. Advent's methanol-powered HT-PEM fuel cells will be put to the test as a source of maritime auxiliary power. The fuel cell system will be subjected to a risk evaluation by a renowned international classification society during the duration of the project.
This market intelligence assessment report weighs up on the potential region that reserves greater opportunities for this industry. Importantly, subject matter experts have taken into account every critical aspect right from the market size, share, and growth to the dramatic shift in the consumer behaviour and their growing spending capacity. The industry assessment study depicts a perfectly clear picture of both the past and the future trends to offer the stakeholders, business owners, and marketing executives an opportunity to zero in on an effective marketing strategy and boost sales.
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Competitive Terrain:
The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Renewable Methanol market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
The leading market contenders listed in the report are:
Advanced Chemical Technologies, Inc., BASF SE, Carbon Recycling International, Enerkem, Fraunhofer, Innogy, Sodra, Advent Technologies, OCI N.V., Nordic Green
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Emergen Research has segmented the global Renewable Methanol market on the basis of type, application, end-use, and region:
Segments Covered in this report are:
-
Feedstock Outlook (Revenue, USD Billion; 2019-2032)
- Agricultural Waste
- Forestry Residues
- Municipal Solid Waste
- Others
-
Application Outlook (Revenue, USD Billion; 2019-2032)
- Formaldehyde
- Gasoline
- Solvent
- Others
-
End-User Outlook (Revenue, USD Billion; 2019-2032)
- Chemical
- Transportation
- Power Generation
- Others
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Objectives of the Report:
- Analysis and estimation of the Renewable Methanol Market size and share for the projected period of 2022-2030
- Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
- Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Renewable Methanol Market
- Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
- Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities
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