Renewable Methanol Market to be Worth $20.68 Billion by 2030: Grand View Research, Inc.

Read full market research report for more Insights, "Renewable Methanol Market Size, Share & Trends Analysis Report By Feedstock (Renewable Energy, Agriculture Waste), By Application (Formaldehyde, MTBE), By Region, And Segment Forecasts, 2023 - 2030", published by Grand View Research. Read full market research report for more Insights, " Renewable Methanol Market Size, Share & Trends Analysis Report By Feedstock (Renewable Energy, Agriculture Waste), By Application (Formaldehyde, MTBE),...

SAN FRANCISCO, 20/12/2022 (informazione.news - comunicati stampa - scienza e tecnologia)

Furthermore, biomethanol is primarily used as fuel for automobiles, ships, commercial boilers, and kitchen appliances. The fuel can be used as-is, in combination with gasoline to make biodiesel, or as methyl tert-butyl ether (MTBE) and dimethylether (DME). There are two types of renewable methanol: bio and e-methanol. Bio methanol is produced via biomass (agriculture waste and forest waste), municipal solid waste, and black liquor, whereas e-methanol is produced through CO2 or electricity. The CO2 required in this production process is captured from renewable sources (via direct air capture or BECCS) or using green hydrogen.

The majority of petroleum-based hydrocarbons and petrochemicals can be replaced by green methanol, either directly or through methanol derivatives, for a potential market that needs billions of tons of methanol annually. The production of aromatics and plastics using biomethanol is rapidly increasing. This would make the transition to a green economy more easily.

Increasing industrial activities in the emerging economies of Asia Pacific coupled with high growth in the chemical industry in North America and parts of Europe have led to high demand for biofuel across these regions. Countries such as China , India , and Japan have reflected heavy dependency on e-commerce platforms over conventional store visits for procuring essentials. This led to an increase in vehicle fleet operating in the region and a surge in demand to curb vehicular emissions, thus increasing dependency on biomethanol gasoline blends across these emerging economies.

Grand View Research has segmented the global renewable methanol market based on feedstock, application, and region:

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·  North America

o  U.S.

o  Canada

o  Mexico

·  Europe

o  Germany

o  Belgium

o  France

o  Italy

o  Spain

o  Netherlands

o  Denmark

·  Asia Pacific

o  China

o  India

o  Japan

o  ASEAN

·  Central & South America

o  Brazil

o  Chile

·  Middle East & Africa

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco , the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Sherry James

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Grand View Research, Inc.

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