#Renewable Methanol Market size

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Renewable Methanol Market: Fuelling the Green Revolution

Introduction to Methanol Methanol, also known as wood alcohol, is a light, colorless, volatile and flammable liquid with the chemical formula CH3OH. It is the simplest alcohol and one of the commonly used light alcohols. Methanol is produced both from fossil fuels such as natural gas and coal as well as renewably through processes like biomass gasification. It is mainly used as a feedstock for producing other chemicals, solvents and as a fuel. Renewable Methanol Production Pathways There are several pathways for producing methanol renewably without using fossil fuels: Biomass Gasification: In this process, any type of biomass like agricultural waste, forest residues or energy crops are gasified at high temperature in the presence of steam and oxygen to produce syngas a mixture of carbon monoxide and hydrogen. This syngas is then catalytically converted to methanol. WastetoEnergy: Municipal solid waste, sewage sludge or other waste streams can be gasified or biologically broken down to produce syngas which is then converted to methanol. This helps produce a valuable fuel from waste. Direct Capture of CO2: Technologies are being developed to directly capture CO2 from ambient air or industrial sources. This captured CO2 can then be combined with green hydrogen produced from renewable power to synthesize methanol. Renewable Hydrogen: Electrolyzers powered by renewable electricity such as solar, wind or hydropower can produce green hydrogen by splitting water. Combining this hydrogen with CO2 yields renewable methanol. Building out Renewable Methanol Infrastructure For methanol to scale up significantly as a Carbon Neutral Fuel, dedicated production, storage, distribution and dispensing infrastructure needs to be developed: Production Facilities: Larger demonstration and commercial scale plants are being built worldwide using biomass, municipal waste or captured CO2 as feedstocks. Methanol Bunkering: Ports are installing bunkering facilities for providing methanol shiptoship or from storage tanks to vessels replacing marine fuel oil. Fuel Stations: More M85 compatible vehicles require retail fuel stations with methanol dispensers along with compatible nozzles, hoses and pumps. CrossCountry Pipelines: Methanol pipelines can transfer product from production sites to demand centers avoiding logistical challenges of road/rail transportation. Storage Infrastructure: Underground salt caverns or above ground tanks offer large scale, low cost storage options for methanol supply logistics. Standardization: Industry standards are being developed for methanol specifications, safety protocols, handling procedures and measurements units. Conclusion Renewable methanol holds promise as a versatile, carbon neutral fuel and chemical feedstock of the future. Continuous technological progress, supportive policies and infrastructure buildout can accelerate its adoption worldwide helping mitigate climate change and transition to a low carbon economy. Sustainable production pathways combined with growing applications puts methanol in a position to play an important long term role in energy markets.

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Renewable Methanol Market Segmented On The Basis Of Feedstock, Application, Region And Forecast To 2030: Grand View Research Inc.

San Francisco, 16 Aug 2023: The Report 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 The global renewable methanol market size is expected to reach USD 20.68 billion by 2030, as per the new report by Grand View Research, Inc., expanding at a CAGR…

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Methanol Market: Current Trends and Future Outlook| MarketsandMarkets™

Methanol, also known as methyl alcohol, is an organic compound that is composed of one carbon atom, two hydrogen atoms, and one oxygen atom (CH3OH). It is a clear and colorless liquid that is highly flammable and has a distinctive odor. Methanol is used in the production of a variety of industrial and commercial products, including formaldehyde, acetic acid, methyl tert-butyl ether (MTBE), and…

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The global methanol market size is estimated to grow from USD 24.0 billion in 2020 to USD 26.6 billion by 2025, at a CAGR of 5.5% during the forecast period. The market is projected to witness decent growth in the near future, owing to the wide application in various end-use industries of methanol ranging from automotive to the pharmaceutical industry. Increasing demand from APAC will further drive the growth of the global methanol market.   

Automotive is the largest market of methanol, with a 24.6% share, globally. Alcohol-based fuels have been used in automotive applications, for many years. Methanol can be used directly in internal combustion engines of vehicles and aircraft, showing similar efficiency to diesel engines. Earlier, methanol was used as an anti-freezing agent in a car’s cooling system, but then it has been replaced with more effective alternatives, such as propylene or ethylene glycol. However, it is still popular as a windshield water fuel. Methanol is a desirable choice as a transportation fuel due to its efficient combustion, ease of distribution, and wide availability worldwide. 

Methanol is used in the large-scale production of petrochemicals. The growth in petrochemical demand in APAC is driving the methanol market. The use of petrochemicals in end-use industries such as automotive and construction is the main driving force for the methanol market. In the petrochemical industry, organic chemicals with the largest production volume are methanol, ethylene, propylene, butadiene, benzene, toluene, and xylenes. Ethylene, propylene, and butadiene, along with butylene, are collectively called olefins. Methanol is a forerunner to a variety of chemical products and is generally referred to as primary petrochemical.

Celanese Corporation (Texas), BASF SE (Germany), Methanex Corporation (Canada), SABIC (Saudi Arabia), PETRONAS (Malaysia), Mitsubishi Gas Chemical Company (Japan), and Mitsui & Co., Ltd. (Japan) among others are the leading methanol manufacturers, globally. These companies adopted expansion, joint venture, and merger & acquisition as their key growth strategies between 2016 and 2020 to earn a competitive advantage in the methanol market. 

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The global market for chemical processing catalysts was valued at USD 9.5 billion in 2022 and is predicted to reach USD 16.38 billion in 2030, rising at an 8.10% CAGR between 2023 and 2030.The global chemical processing catalysts market plays a pivotal role in the production of various chemicals, driving efficiency, selectivity, and sustainability in industrial processes. Catalysts are substances that speed up chemical reactions without being consumed, making them indispensable in the chemical industry. Their applications range from refining petroleum to producing chemicals like ammonia, methanol, and polymers, underpinning numerous industries such as pharmaceuticals, agrochemicals, and environmental protection.

Browse the full report at https://www.credenceresearch.com/report/chemical-processing-catalysts-market

Market Dynamics

The chemical processing catalysts market is driven by several factors, including the increasing demand for petrochemicals, stringent environmental regulations, and the growing emphasis on sustainability. The rise in global population and industrialization has led to increased demand for chemicals, which in turn has boosted the need for efficient catalysts to optimize production processes. Additionally, the shift towards cleaner and greener technologies is pushing industries to adopt catalysts that minimize energy consumption and reduce harmful emissions.

Key Catalysts and Their Applications

1. Zeolites: Zeolites are microporous, aluminosilicate minerals that are widely used in the petrochemical industry, particularly in fluid catalytic cracking (FCC) processes. They help in breaking down large hydrocarbon molecules into gasoline, diesel, and other valuable products. Zeolites are also employed in the production of detergents and as adsorbents in gas purification.

2. Metal Catalysts: Metals such as platinum, palladium, rhodium, and nickel are crucial in various catalytic processes. For instance, platinum-based catalysts are essential in the production of fertilizers through the ammonia synthesis process (Haber-Bosch process). Palladium and platinum are also used in automotive catalytic converters to reduce harmful emissions, a market driven by stringent environmental regulations.

3. Enzyme Catalysts: Enzymes are biological catalysts that have gained prominence due to their specificity and efficiency under mild conditions. They are increasingly used in the production of biofuels, biodegradable plastics, and in the pharmaceutical industry for drug synthesis. The growing demand for sustainable and eco-friendly processes is driving the adoption of enzyme catalysts in chemical processing.

4. Organometallic Catalysts: Organometallic catalysts, which contain metal-carbon bonds, are extensively used in polymerization processes, including the production of polyethylene and polypropylene. These polymers are integral to the plastics industry, and advancements in catalyst technology are enabling the production of high-performance polymers with tailored properties.

Market Trends and Challenges

1. Sustainability and Green Chemistry: There is a growing focus on developing catalysts that enable sustainable chemical processes, aligning with the principles of green chemistry. This trend is driven by the need to reduce the environmental impact of chemical manufacturing, including minimizing waste and energy consumption. Catalysts that facilitate the use of renewable feedstocks and reduce greenhouse gas emissions are gaining traction in the market.

2. Technological Advancements: Advances in catalyst design, such as the development of nanocatalysts and hybrid catalysts, are enhancing the efficiency and selectivity of chemical reactions. Nanocatalysts, for example, offer a larger surface area and unique electronic properties, making them more effective in catalytic processes. These innovations are expected to open new avenues for catalyst applications in various industries.

3. High R&D Costs: Despite the promising opportunities, the chemical processing catalysts market faces challenges such as high research and development (R&D) costs and complex regulatory requirements. Developing new catalysts involves significant investment in R&D, and the commercialization of innovative catalysts requires rigorous testing and compliance with environmental regulations. These factors can act as barriers to entry for new players in the market.

Regional Insights

The chemical processing catalysts market is geographically diverse, with significant contributions from regions like North America, Europe, Asia-Pacific, and the Middle East. North America and Europe are mature markets, driven by established chemical industries and stringent environmental regulations. The Asia-Pacific region, particularly China and India, is witnessing rapid growth due to industrialization, urbanization, and increasing demand for chemicals. The Middle East, with its abundant hydrocarbon resources, also represents a key market for petrochemical catalysts.

Key Players

Air Products and Chemicals, Inc. (USA)

Albemarle Corp. (USA)

BASF Catalysts LLC (USA)

Clariant (Switzerland)

Evonik Industries AG (Germany)

Johnson Matthey (UK)

INEOS Group Holdings S.A (Switzerland)

LyondellBasell Industries N.V. (The Netherlands)

W. R. Grace & Co. (USA)

Segmentation

By Type

Polymerization Catalysts

Oxidation Catalysts

Organic Synthesis Catalysts

Synthesis Gas Catalysts

Hydrogenation Catalysts

Dehydrogenation Catalysts

By Application

Production of Isobutylene

Chemicals

Others

By Region

North America

The US.

Canada

Mexico

Europe

Germany

France

The U.K.

Italy

Spain

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

South-east Asia

Rest of Asia Pacific

Latin America

Brazil

Argentina

Rest of Latin America

Middle East & Africa

GCC Countries

South Africa

Rest of the Middle East and Africa

Browse the full report at https://www.credenceresearch.com/report/chemical-processing-catalysts-market

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Syngas & Derivatives Market - Forecast(2024 - 2030)

Overview

Syngas and its Derivatives Market size is forecast to reach US$70.56 billion by 2030, after growing at a CAGR of 6.9% during 2024-2030. Syngas is a gaseous mix consisting primarily of hydrogen and carbon monoxide, which is generated from coal gasification, fluidized bed gasifier, steam reforming, and others. It can be used to fabricated chemicals such as ammonia, butanol, methanol, acetic acid, and dimethyl ether. The competence of syngas to be formed from a widespread variety of feedstock such as coal, synthetic natural gas, biomass and petroleum coke is impacting the market growth constructively. Uprising environmental concerns have been the foremost drivers for the growth of the Syngas and its Derivatives Market in order to afford alternative methods of fuel production. There's a growing trend towards producing syngas from renewable sources such as biomass, municipal solid waste, and agricultural residues. This shift is driven by concerns over climate change and the desire to reduce greenhouse gas emissions. Biomass gasification, for instance, is gaining traction as it offers a carbon-neutral alternative to traditional fossil fuel-based syngas production methods. Advances in gasification technologies are driving efficiency improvements and cost reductions in syngas production. These advancements include developments in reactor design, catalysts, and process optimization techniques. Integrated gasification combined cycle (IGCC) plants, for example, are becoming more efficient in converting coal or biomass into syngas, which can then be used to generate electricity with lower emissions compared to conventional coal-fired power plants.

 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞

The report: “Syngas and its Derivatives Market”- Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Syngas and its Derivatives Market Industry.

By Feedstock: Coal, Biomass, Natural Gas, Petroleum coke, Industrial Waste and Others

By Technology: Steam reforming (SR), Partial oxidation (POx), Autothermal reforming (ATR), Combined or Two-Step Reforming, Biomass Gasification and Others

By Gasification: Fixed Bed Gasifier, Fluidized Gasifiers, Entrained Flow Gasifiers, and Others

By Application: Fuel, Power Generation, Generators, Refineries, Fertilizers and Pesticides, Textiles, and Others

By End-Use Industry: Oil and Gas, Automotive, Electrical and Electronics, Marine, Aerospace, Chemical, Energy, Agriculture, and Others

By Geography: North America (USA, Canada and Mexico), Europe (UK, France, Germany, Italy, Spain, Russia, Netherlands, Belgium, and Rest of Europe), APAC (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, Rest of South America), and Rest of the world (Middle East and Africa).

Key Takeaways

• Asia Pacific dominates the Syngas and its Derivatives Market owing to rapid increase in Chemical and Oil and Gas sector. For instance, an investment of US$107.4 billion is estimated in the Indian chemicals and petrochemicals sector by 2025

• The market drivers and restraints have been assessed to understand their impact over the forecast period.

• The report further identifies the key opportunities for growth while also detailing the key challenges and possible threats.

• The other key areas of focus include the various applications and end use industry in Syngas and its Derivatives Market and their specific segmented revenue.

• The fuel application is expected to augment the Syngas and its Derivatives Market’s growth over the forecast period due to increase in the consumption of liquid and gaseous fuels in various end-use industry.

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Merchant Hydrogen Market - Forecast(2024 - 2030)

Merchant Hydrogen Market Overview

The merchant hydrogen market size is forecast to reach US$124 billion by 2027 after growing at a CAGR of 7.2% during 2022-2027. Merchant hydrogen refers to the production of hydrogen in hydrogen production plants and selling it to several end-use industries for various industrial processes. Merchant hydrogen is extensively used in the oil and refinery industry in the manufacturing of gasoline, diesel, jet fuels, and various refining processes such as hydrocracking, hydrotreating, etc. The oil and refinery industry expanding globally and this will drive the growth of the market in the forecast period. For instance, according to the January 2020 data by the International Energy Agency, biofuel production is expected to increase fourfold from around 2 mboe/d in current times to almost 8 mboe/d by 2040. Furthermore, merchant hydrogen finds its broad uses in the production of various chemicals such as ammonia, methanol, cyclohexane, hydrogen peroxide, hydrochloric acid, etc. The chemical industry is booming globally and this will contribute to the growth of the market in the forecast period. For instance, according to the 2020 Chemical Industry Outlook Report by BASF, chemical production globally is expected to increase by 4.4% in 2021. The water electrolysis process is projected to witness the highest demand in the forecast period. Steam methane reforming will witness significant demand in the market. Lack of better infrastructure might hinder the growth of the market in the forecast period.

COVID-19 Impact

The merchant hydrogen market was moderately affected during the COVID-19 due to disruption in the supply chain and temporary shutdown of plants surfaced in the market. Market players implemented new work strategies to maintain a stable business operation. Despite executing new business strategy plans, businesses were affected due to the severity of the COVID-19 pandemic. As per the 2020 Annual Report by Air Products and Chemicals, Inc., operations were disrupted due to the pandemic, leading to reduced demand for industrial gas products in the company’s merchant business. The market witnessed decent demand towards the end of 2020. Going forward, the market is projected to have a positive growth rate owing to expansion in hydrogen production plants and increasing demand for hydrogen in end-use industries such as the oil and refinery industry, chemical industry, and automobile.

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Merchant Hydrogen Market Report Coverage

The report: “Merchant Hydrogen Market Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Merchant Hydrogen Industry. 

By Process: Steam Methane Reforming, Water Electrolysis, Coal Gasification, Others

By End Use Industry: Oil and Refinery, Chemical, Food and Beverage, Construction, Residential, Commercial, Office, Hotels and Restaurants, Concert Halls and Museums, Educational Institutes, Automobile, Passenger Vehicle, Commercial Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle, Industrial, Electrical and Electronics, Agriculture, Paper, Others

By Geography: North America (USA, Canada, Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, Rest of Asia Pacific), South America (Brazil, Argentina, Colombia and Rest of South America), and RoW (Middle East and Africa).

Key Takeaways:

Water electrolysis is leading the merchant hydrogen market. This production process offers a robust option for carbon-free hydrogen production from renewable resources, making it a desirable choice among manufacturers.

The chemical industry will drive the growth of the market in the forecast period. According to the June 2020 data by the American Chemistry Council, net exports of chemicals will touch $37 billion by 2025.

The Asia-Pacific region will witness the highest demand for merchant hydrogen in the forecast period owing to the expanding oil and refinery industry in the region. According to the data by India Brand Equity Foundation, oil demand in India is expected to witness a 2x growth to reach 11 million barrels by 2045.

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Merchant Hydrogen Market - By Process

Water electrolysis dominated the merchant hydrogen market in 2021. This process helps in the production of carbon-free hydrogen from nuclear and renewable resources. Water electrolysis is done with the help of a unit called an electrolyzer. Proton exchange membrane (PEM) electrolyzer and alkaline electrolyzer are the two types of electrolyzers usually implemented. Water electrolysis involving electrolyzers is considered a mature technology compared to other processes. Owing to such diverse properties, market players are engaging in expanding the portfolio of water electrolysis in the market. For instance, in January 2021 Cummins Inc., installed a new 20-megawatt PEM electrolyzer system in Canada to generate green hydrogen. This is the world’s largest proton exchange membrane electrolyzer in operation. Such developments in the water electrolysis process will increase its demand in the forecast period. The steam methane reforming process is projected to witness significant demand in the market.

Merchant Hydrogen Market - By End Use Industry

Oil and refinery dominated the merchant hydrogen market in 2021 and is growing at a CAGR of 7.5% in the forecast period. Merchant hydrogen produced through processes such as steam methane reforming and water electrolysis is massively used in the production of high-quality lubricating oils and various refining processes in the oil and refinery industry. The oil and refinery industry expanding globally and this will lead to the growth of the market in the forecast period. For instance, as per the data by India Brand Equity Foundation, diesel demand in India is expected to double to 163 MT by 2029-30. Similarly, according to the December 2021 report by Energy Information Administration (EIA), total production of crude oil stood at 11.7 million b/d in November which is projected to touch an average of 12.1 million b/d in the fourth quarter of 2022. Such massive growth in the oil and refinery industry will increase the higher implementation of merchant hydrogen in the forecast period and this will contribute to the growth of the market in the forecast period. The chemical industry will drive the growth of the market significantly in the forecast period.

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Merchant Hydrogen Market - By Geography

The Asia-Pacific region held the largest market share in the merchant hydrogen market in 2021 with a market share of up to 34%. The high demand for merchant hydrogen is attributed to the expanding oil and refinery industry in the region. For instance, as per the March 2021 report by Energy Information Administration (EIA), China’s refineries refined more crude oil for most of 2020 compared to US refineries. Similarly, as per the data by India Brand Equity Foundation, the Indian government has allowed 100% Foreign Direct Investment in upstream and private sector refining projects. Such increasing growth in the region’s oil and refinery industry will stimulate the higher uses of merchant hydrogen in the forecast period. The North American region is projected to witness significant demand for merchant hydrogen in the forecast period.

Merchant Hydrogen Market Drivers

The booming chemical industry will drive the growth of the market

Merchant hydrogen is deeply associated with the chemical industry as it is implemented in the production of several chemicals such as ammonia, methanol, cyclohexane, hydrogen peroxide, among others. The chemical industry is booming globally and this will contribute to the growth of the market in the forecast period. For instance, according to the June 2021 Mid-Year US Chemical Industry Outlook report, chemical volumes and shipments in the US are expected to increase by 3.2% and 8.2% respectively in 2022. Similarly, according to the report by India Brand Equity Foundation (IBEF), the domestic chemical sector's small and medium enterprises are projected to witness 18-23% revenue growth in FY22. This huge growth in the global chemical industry will increase the higher uses of merchant hydrogen and this, in turn, will contribute to the market’s growth in the forecast period.

Expanding oil and refinery industry will contribute to market’s growth

Merchant hydrogen is massively used in the oil and gas industry. Processes such as steam methane reforming and water electrolysis are implanted for the production of merchant hydrogen which is later used in the oil and refinery industry for the production of gasoline, diesel, jet fuels, and various high-quality lubricating oils. The oil and gas industry expanding globally and this will drive the growth of the market. For instance, as per the data by India Brand Equity Foundation, the oil and gas sector’s installed provisional refinery capacity accounted for 246.90 MMT as of September 2021 and Indian Oil Corporation was the largest domestic refiner with a capacity of 69.7 MMT. Similarly, according to the statistics by the International Energy Agency, global refining activity is expected to jump by 2.4 mb/d in 2022, and demand for oil will return to pre-pandemic levels by the end of 2022. Such massive expansion in the oil and refinery industry globally will augment the higher uses of merchant hydrogen and this will drive the growth in the forecast period.

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Merchant Hydrogen Market Challenges

Lack of better infrastructure might hamper the market’s growth

The infrastructure barrier has been a key challenge in the merchant hydrogen and this might hinder the market’s growth in the forecast period. The distribution and storage of merchant hydrogen are limited and vary, restricting its widespread adoption. For instance, as per the June 2019 report by Energy Information Administration, better planning and coordination are required among government and industries for the proper delivery and storage of merchant hydrogen. Similarly, as per the August 2021 data by the Department for Business, Energy, and Industrial Strategy of the UK, better coordination is required for the wider rollout of hydrogen. Such infrastructure concerns associated with merchant hydrogen might limit the market’s growth.

Merchant Hydrogen Industry Outlook

Investment in R&D activities, acquisitions, product and technology launches are key strategies adopted by players in the merchant hydrogen market. Major players in the merchant hydrogen market are:

Airgas, Inc.

Air Products and Chemicals, Inc.

Praxair, Inc.

Linde plc

Air Liquide

Uniper

Engie SA

FuelCell Energy, Inc.

Cummins Inc.

Others

Recent Developments

In May 2020, Engie collaborated with Neste to produce renewable hydrogen on a large scale for the production of high-quality biofuels. Such collaborations will contribute to the growth of the market in the forecast period.

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Global E-methanol Market Size, Share, Trends & Forecast Report 2032

Global E-methanol market size was USD 235.10 Million in 2023 and the market is projected to touch USD 1679.6 Million by 2032, at a CAGR of 26.65 % during the forecast period. E-methanol manufacturing facilities have risen due to government backing and continued technological improvements. The price of hydrogen and carbon dioxide sources has a substantial impact on the cost of producing e-methanol, which typically varies from USD 800-2400/ton based on the carbon dioxide method. To make E-methanol, for instance, the first plant in Iceland uses carbon dioxide and renewable hydrogen from a geothermal plant.

The drive to scale up manufacturing, the growing need for sustainable and renewable fuel, the increasing incorporation of e-methanol in chemical raw materials, the escalation of feedstock competition, legislative support, a sharp growth in demand rate, and economic feasibility are some of the key drivers. These characteristics highlight the potential of e-methanol as a flexible and long-term fuel option during the switch to cleaner energy. The demand for e-methanol is growing at an exponential rate. The demand for e-methanol has increased due to growing environmental concerns and the ongoing need for sustainable fuels. Furthermore, the market is expanding because to the rising demand for electric vehicles and the need for sustainable energy sources to displace outdated fossil fuels in a number of industries. The largest methanol manufacturer in the world, Methanex, predicted in April 2023 that over the next five years, there will be a rise in methanol demand of about 14 million mt globally. A gradual transition to renewable methanol supports this trajectory of development. However, the International Renewable Energy Agency (IRENA) also declared that it anticipates producing 250 million metric tons of e-methanol annually by 2050.

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Global E-methanol dynamics

The factors influencing the dynamics of the Global E-methanol market include regulatory mandates, technological advancements, and increasing industrial safety awareness. Global demand for e-methanol is growing at an exponential rate due to the ongoing need for sustainable and renewable fuel in several industries, including transportation, chemical manufacture, and power generation. The growth of e-methanol is being accelerated by advances in renewable energy technology, which enable efficient production by water electrolysis using energy sources such as solar, wind, and hydroelectric power. As a flexible energy source, this green fuel supports the transition to a circular economy, energy security, and grid stability. For example, SunGas Renewables announced in November 2023 that it was chosen to supply green methanol for a new USD 1.4 Million plant in Northern Tasmania by ABEL Energy, an Australian green hydrogen and ethanol project developer. The Bell Bay Power Fuels Project by ABEL Energy aims to produce 300,000 tons of green methanol per year. This is the equivalent of three times Australia's current methanol consumption and 540,000 tons less CO2 emissions annually from transporting fuel.

Global E-methanol drivers

Growing Demand for Sustainable and Low-Carbon Fuels

The market for e-methanol is driven by the rising demand for low-carbon and sustainable fuels worldwide. There's a big push for alternative fuels that can slow down climate change as nations and industry work to meet strict environmental requirements and lower their carbon footprints. Since e-methanol is created using renewable energy sources and carbon dioxide that has been absorbed, it is regarded as a carbon-neutral fuel and is therefore a desirable choice for lowering greenhouse gas emissions. Its use in a variety of applications, such as shipping, industrial operations, and transportation, supports international efforts to switch to a more sustainable energy system. The demand for e-methanol as a competitive substitute for traditional fossil fuels is being driven by governments and organizations that are putting laws and incentives in place to encourage the use of clean fuels.

Advancements in Renewable Energy and Carbon Capture Technologies

The advancements in carbon capture and renewable energy technology are important factors propelling the e-methanol market. The ability to produce e-methanol depends on the availability of plentiful and reasonably priced renewable electricity, which is usually generated by hydropower, solar power, or wind. As renewable energy continues to decrease in cost and is deployed more widely around the world, e-methanol production becomes more economically viable. Additionally, the effective absorption of carbon dioxide from industrial emissions or straight from the environment is made possible by developments in carbon capture and utilization (CCU) technologies. The e-methanol produced from these sequestered carbon emissions can subsequently be utilized as feedstock. To fulfill the increasing demand for sustainable fuels and scale up e-methanol production, there needs to be constant innovation and investment in carbon capture technology and infrastructure for renewable energy.

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Restraints:

High Production Costs

The high expenses of synthesising e-methanol contribute to its commercialization. The complicated steps involved in producing e-methanol include electrolyzing water to create hydrogen and removing carbon dioxide, then catalyzing the synthesis of methanol. These operations need a lot of energy, which is usually obtained from renewable electricity sources and might be expensive. Moreover, the development and upkeep of the infrastructure required for methanol synthesis, electrolysis, and carbon capture is costly. E-methanol is less competitive than traditional methanol made from coal or natural gas due to its high production costs, particularly in markets where fossil fuels are still reasonably priced. The widespread deployment of e-methanol may be restricted until technology breakthroughs and economies of scale considerably reduce these production costs.

Limited Infrastructure and Supply Chain Development

A significant impediment at the moment is the absence of e-methanol supply chain development and infrastructure. E-methanol requires specific infrastructure that is not currently generally available for its production, storage, transit, and distribution. To produce e-methanol, for example, may be more difficult to convert than existing methanol production facilities, which are largely built for methanol derived from fossil fuels. Likewise, in order to ensure efficiency and safety, systems for storage and transportation must be built to manage the unique characteristics of e-methanol. Coordination and substantial funding from a range of stakeholders, including governments, businesses, and technology companies, are needed to construct such infrastructure. The increased production of e-methanol and its incorporation into current energy systems may be impeded by the sluggish pace of infrastructure construction, which would limit market expansion.

Opportunities:

Increasing Demand for Green Maritime Fuels

The marine sector is facing tremendous pressure to lower its carbon footprint and abide by the strict environmental standards established by global organizations such as the International marine Organization (IMO). Because e-methanol emits fewer emissions than conventional marine fuels, it offers a potential future as a green marine fuel. The IMO has set high goals for lowering sulfur oxide and greenhouse gas emissions, and e-methanol can help maritime firms reach these goals. Furthermore, e-methanol is a more feasible option for retrofitting both new and old ships because it is simpler to handle and store than other alternative fuels like hydrogen and ammonia. The e-methanol market is predicted to see substantial expansion as a result of the expected increase in the use of e-methanol as a marine fuel and the growing need for sustainable shipping solutions.

Segment Overview

By Type, The E-methanol market is segmented into Ferrosilicon Plant, Biogas Plant, Cement Plant, MSW And Biomass, and others. E-methanol is produced from the plants using the hydrogen-rich off-gases and carbon monoxide from the ferrosilicon manufacturing process. These gases are perfect for the synthesis of methanol. This type of e-methanol production is advantageous since it employs industrial waste gases, which lowers waste and encourages sustainability. E-methanol is produced by the anaerobic digestion of organic materials, including manure, agricultural waste, & municipal solid waste. Biogas facilities provide this product. The biogas is processed and then transformed into e-methanol. Because it reduces greenhouse gas emissions and turns renewable organic waste into a useful chemical feedstock, this process is incredibly sustainable. These markets are essential to the growth of the e-methanol industry because they offer sustainable substitutes for traditional methanol production and aid in the worldwide push for carbon neutrality and the use of renewable energy sources.

By Application, The E-methanol market is segmented into Formaldehyde, MTBE, Gasoline, Dimethyl Ether, Solvents, Others. The fuel industry depends on e-methanol due to its importance is an essential feedstock for the production of formaldehyde, which is used to make resins, plastics, and other chemicals. It also plays a key role in the production of MTBE, which improves gasoline's octane rating and reduces engine knocking. Moreover, e-methanol can be merged directly into gasoline as an alternative fuel, resulting in cleaner combustion and lower emissions. Lastly, it is a primary input for the production of dimethyl ether, which could replace diesel in transportation and serves as a propellant for aerosol products. All of these applications highlight e-methanol's versatility as well as its significant role in growing sustainable chemical processes and energy solutions.

Global E-methanol Overview by Region

Europe has dominated the e-methanol market for a number of reasons. First off, the region's booming chemical industry which is particularly strong in Germany sees green methanol as a sustainable feedstock that will spur innovation and environmentally friendly practices. Second, significant legislative initiatives to decarbonize maritime transportation have been initiated throughout Europe, encouraging the use of green methanol. Additionally, the e-methanol market is significantly fueled by Europe's ongoing demand for environmentally friendly chemicals and fuels, with some businesses considering methanol as a decarbonization fuel. For example, P1 Fuels & Carbon Recycling International decided to supply Germany with an e-methanol manufacturing plant in July 2023. Through this partnership, affordable e-fuels for internal combustion engine vehicles will be made available by fusing P1's methanol-to-gasoline technology with CRI's emissions-to-liquids technology. A demonstration facility and industrial-scale activities are planned for the future, and the agreement, which was unveiled at COP28, demonstrates a commitment to sustainable fuel alternatives and green technologies.

Global E-methanol market competitive landscape

Leading companies such as Orsted A/S, Siemens Energy AG, BASF SE, European Energy A/S, European Energy A/S , Carbon Recycling International, Uniper SE, Tractebel Engineering GmbH, Elyse Energy, Henan Shuncheng Group., Dow, Swiss Liquid Future/Thyssenkrupp, ABEL and Thyssenkrupp and Dalian Institute of Chemical Physics. The players are working together on a number of initiatives because of the increasing demand for e-methanol, its potential to act as a carrier of hydrogen and its ability to ease the switch to green hydrogen. E-methanol projects are more appealing because to the growing need for cleaner energy alternatives, the expansion of the chemical industry, which uses methanol feedstock, and the growing need for sustainable energy solutions. In 2023, European Energy A/S announced that it was building the world's largest CO2-to-green methanol production facility in Denmark, with an estimated yearly capacity of 32,000 tons. The facility will use Clariant's Megamax catalyst for methanol synthesis; this catalyst is well-known for its high activity and stability in the CO2-to-methanol conversion process. The goal of this initiative is to produce green methanol that will help the maritime transportation and chemical sectors.

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Europe E-methanol Market Assessment, Size, Share & Growth Report 2030

Europe e-methanol market size was valued at USD 13.1 million in 2022, which is expected to grow to USD 98.5 million in 2030, with a CAGR of 28.7% during the forecast period between 2023 and 2030. Europe’s ambitious environmental targets, notably striving for carbon neutrality by 2050, have driven the demand for e-methanol as an environmentally friendly and carbon-neutral fuel. This surge in demand has been supported by a regulatory framework featuring incentives, subsidies, and other forms of governmental backing, all aimed at motivating businesses and individuals to opt for this sustainable energy alternative.

Furthermore, the strong emphasis on transitioning to renewable energy sources has significantly increased interest in e-methanol. Its production utilizing renewable energy resources aligns seamlessly with Europe’s broader objective of reducing carbon emissions and achieving a cleaner and more sustainable energy portfolio.

Moreover, the versatility of e-methanol allows its integration into various sectors, including transportation, power generation, and chemical manufacturing. The transportation sector, a major contributor to carbon emissions, sees e-methanol as a viable solution for reducing its environmental impact. E-methanol can be utilized in existing engines and fuel systems with minor modifications, enhancing its appeal and ease of adoption.

Furthermore, strategic partnerships and collaborations foster a conducive environment for the growth of the e-methanol market. These partnerships involve governments, research institutions, and industry players, accelerating knowledge sharing and technology transfer, ultimately driving innovation and adoption.

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Adoption of E-methanol as a Shipping Fuel in Europe to Raise the Demand

E-methanol stands as a versatile and sustainable marine fuel, easily integrable into current ship engines and fuel systems with minor adjustments. This adaptability lowers the entry barrier and expedites the maritime sector’s transition towards eco-friendly fuel alternatives. Given the international scope of the maritime industry, the need for globally adoptable sustainable fuel solutions is paramount, e-methanol precisely meets this requirement, presenting the potential to revolutionize the maritime sector worldwide, effectively addressing both local and global environmental challenges.

For instance, in July 2023, Maersk marked a significant milestone by receiving the world’s first inaugural dual-fuel methanol containership from Hyundai Mipo Shipyard in South Korea. Remarkably, this delivery transpired a mere two years following the pioneering order. Consequently, the global orderbook for methanol-fuelled containerships has surged, exceeding an impressive count of 100 vessels.

Stringent Regulations and Ambitious Goals to Increase E-methanol Demand in Europe

European nations are vigorously enforcing regulations to promote the uptake of e-methanol as it is a carbon-neutral fuel. Incentives, subsidies, and tax benefits drive demand among businesses and consumers, aligning with Europe’s goal of carbon neutrality by reducing the carbon footprint through e-methanol production and consumption.

For instance, the European Green Deal aims to achieve climate neutrality in Europe by 2050, representing one facet of the continent’s ambitious climate targets. E-methanol is produced using renewable energy and emitting zero CO2 during combustion, aligning with these ambitious goals providing a means to decarbonize various industries such as transportation, industry, power generation, and the manufacturing of chemicals. The resonance with ambitious objectives fosters a burgeoning demand for e-methanol in Europe.

Application of E-methanol as a Hydrogen carrier to Increase demand for e-methanol in Europe

Within various industrial operations such as chemical production and hydrocarbon refining, e-methanol demonstrates significant potential as a carrier for transporting hydrogen, aligning perfectly with Europe’s focus on utilizing green hydrogen. European industries can smoothly transit to green hydrogen by leveraging e-methanol as a hydrogen carrier, necessitating minimal modifications to their existing processes. The e-methanol production process involves electrolyzing water to obtain green hydrogen, rendering it an appealing choice for hydrogen storage and transportation. Considering the escalating demand for green hydrogen in sectors like transportation, chemical manufacturing, and power generation in Europe, e-methanol is an attractive option for efficient hydrogen transport and storage.

For instance, EU has taken a hydrogen objective, integral to the broader renewable energy directive, elevating the EU’s mandatory target for renewables from 32% of the bloc’s electricity by 2030 to 42.5%. While the ultimate objective is to attain 45% renewables by the conclusion of 2030.

Impact of COVID-19

The complex supply chains supporting manufacturing and renewable energy ventures in Europe faced significant disruptions during the pandemic. These disruptions resulted in delays in the timely completion and operational launch of e-methanol production facilities. The ongoing uncertainty due to the pandemic led investors to reassess and potentially delay their planned e-methanol projects, citing the unpredictable economic conditions. Additionally, market uncertainties and financial vulnerabilities might have prompted companies to postpone or scale down their initiatives in the growing e-methanol sector. The pandemic-induced reduction in economic activities and the subsequent decrease in energy demand had a noticeable impact on the requirements for e-methanol and the vitality of renewable energy projects essential for its production.

Impact of Russia-Ukraine War

European countries heavily relied on Russian crude for their energy requirements; however, the imposition of bans on Russian imports by multiple European nations due to the ongoing conflict altered the energy landscape on the continent. This resulted in heightened concerns about energy security in Europe, underlining the importance of embracing alternative energy sources such as e-methanol. The conflict underscores the pressing need to accelerate the transition to renewable and locally sourced energy options. Hence, e-methanol gained traction to reduce dependence on external energy sources, driving its demand across the continent.

Report Scope

“Europe E-methanol Market Assessment, Opportunities and Forecast, 2016-2030F”, is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative & quantitative assessment of the current state of Europe E-methanol market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, COVID-19 and Russia-Ukraine war impact, opportunities, and forecast between 2023 and 2030. Additionally, the report profiles the leading players in the industry mentioning their respective market share, business model, competitive intelligence, etc.

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[univdatosmarket]

Green Methanol market was valued at USD 225.1 million in 2022 & is expected to grow at a CAGR of 53.8% from 2023-2030. This is mainly owing to the government programs and incentives to promote cleaner renewable and increasing consumption of renewable fuel globally.

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Dimethyl Carbonate Market to Witness Growth Acceleration During 2021-2033

Market Definition

Dimethyl carbonate is an organic compound with the chemical formula CH3O3C. It is a clear, colorless liquid with a slightly sweet odor. It is miscible with water and has a density of 1.11 g/mL. Dimethyl carbonate is used as a solvent and as a reaction intermediate. It is produced by the reaction of methanol and carbon dioxide.

Market Outlook

The key trends in Dimethyl Carbonate technology are in the development of new processes for the production of Dimethyl Carbonate and in the use of Dimethyl Carbonate as a co-solvent in various industrial processes.

The development of new processes for the production of Dimethyl Carbonate has been driven by the need for a more environmentally friendly process. Dimethyl Carbonate can be produced by the direct reaction of methanol and carbon dioxide, but this process produces large amounts of carbon dioxide as a by-product. New processes have been developed that use renewable sources of methanol, such as biomass, to produce Dimethyl Carbonate with minimal carbon dioxide emissions.

The use of Dimethyl Carbonate as a co-solvent in various industrial processes has also increased in recent years. Dimethyl Carbonate is a highly effective solvent for a variety of organic compounds and can be used in place of more traditional solvents, such as ethyl acetate, to reduce the environmental impact of these processes.

The key drivers of Dimethyl Carbonate market are its low toxicity, high solvency, low volatility, and high thermal stability. Dimethyl Carbonate is used as a solvent in the production of plastics, resins, and films. It is also used as a reagent in the production of pharmaceuticals and agrochemicals. Dimethyl Carbonate is also used as an electrolyte in lithium-ion batteries.

The key restraints in the Dimethyl Carbonate market are the high cost of production and the stringent regulations regarding the use of Dimethyl Carbonate. The high cost of production is due to the use of expensive raw materials and the need for sophisticated equipment. The stringent regulations regarding the use of Dimethyl Carbonate are imposed by the government in order to protect the environment from the harmful effects of this chemical.

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Research Objectives

Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region

Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling

Identify factors influencing market growth and challenges, opportunities, drivers and restraints

Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates

Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities

Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market

To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.

Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives

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Market Segmentation

The Dimethyl Carbonate Market has been segmented into Application, End Use, and Region. Based on Application, the Dimethyl Carbonate Market is Segmented into Polycarbonate, Fuel Additive, Solvent, Lithium Battery, Pharmaceuticals, Pesticides, Pesticides, and Others. Based on End Use, the market is segmented into Plastic, Paints & Coatings, Medical, Electronics, Agrochemicals, and Others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and the Rest of the World.

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Major Players

Some of the key players of Dimethyl Carbonate Market are Ube Industries Ltd. (India), Kowa Company Ltd. (Japan), Kishida Chemical Co. Ltd. (Japan), Shandong Shida Shenghua Chemical Group Co., Ltd. (China), Guangzhou Tinci Materials Technology Co Ltd. (China), Haike Chemical Group (Japan), Arrow Chemical Group Corp. (China), Panax Etec (South Korea), AkzoNobel (Netherland), and Wego Chemical Group (US).

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Research Scope

Scope – Highlights, Trends, Insights. Attractiveness, Forecast

Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others

Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain

Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments

Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis

Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis

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10-year forecast to help you make strategic decisions

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[coldpenguintaco]

MarketsandMarkets™ Study-Know How Methanol Market Is Trending In Key Regions To Reach Next Level In Coming Years?

MarketsandMarkets™ Study-Know How Methanol Market Is Trending In Key Regions To Reach Next Level In Coming Years?

Methanol Market Manufactures The global methanol market size is estimated to grow from USD 24.0 billion in 2020 to USD 26.6 billion by 2025, at a CAGR of 5.5% during the forecast period. The market is projected to witness decent growth in the near future, owing to the wide application in various end use industries of methanol ranging from automotive to pharmaceutical industry. Increasing demand…

[sramfact]

Asia Pacific accounted for the largest share of the Methanol market in 2020. Factors such as the rapidly increasing consumption of methanol in the automotive, construction and pharmaceutical industries in countries such as China, Japan, India, South Korea and Australia have led to an increased demand for Methanol in the Asia Pacific region.

[head-post]

Ansasol to produce one million tonnes of renewable methanol by 2029

A German-Spanish solar and renewable hydrogen developer has unveiled plans to build a massive 800MW hydrogen methanol plant in southern Spain that will produce one million tonnes of green methanol a year by 2029.

Ansasol plans that the first phase of the MetGreenPort plant in the port of Huelva will produce 150,000 tonnes of green methanol from renewable hydrogen – and carbon dioxide from nearby plants – by 2027.

Within two years, the company plans to more than six times the size of MetGreenPort, taking it to one million tonnes by 2029 with a total electrolysis capacity of 800MW, making it the largest green methanol project in Europe.

The methanol will be produced using renewable hydrogen produced at the plant – the estimated size of the electrolyser in the first phase will be around 120MW.

However, the company has not disclosed how much it will cost to build both phases of the plant, how it will be financed and where it intends to market the methanol.

Read more HERE