{"id":124812,"date":"2023-04-03T07:20:00","date_gmt":"2023-04-03T05:20:00","guid":{"rendered":"https:\/\/renewable-carbon.eu\/news\/?p=124812"},"modified":"2023-03-29T12:53:06","modified_gmt":"2023-03-29T10:53:06","slug":"europe-renewable-methanol-market-size-trends-share-growth-forecast-2023-2028","status":"publish","type":"post","link":"https:\/\/renewable-carbon.eu\/news\/europe-renewable-methanol-market-size-trends-share-growth-forecast-2023-2028\/","title":{"rendered":"Europe Renewable Methanol Market Size, Trends, Share, Growth, Forecast 2023-2028"},"content":{"rendered":"\n

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Europe Renewable Methanol Market Outlook<\/h3>\n\n\n\n

The Europe renewable methanol market size reached a volume of\u00a0 96.92\u00a0KMT\u00a0in 2022. During the forecast period of between 2023 and 2028, the market is expected to grow at a CAGR of 31.7% to reach a volume\u00a0of around 483.65 KMT\u00a0by 2028.<\/p>\n\n\n\n

Key Trends in the Market<\/h3>\n\n\n\n

Renewable methanol is produced from non-traditional energy sources including biomass and industrial waste. It is an ideal starting point for making biodiesel, which may then be processed as a feedstock for several chemicals and combined into gasoline. Traditional methanol is produced using a nearly similar process, except that carbon monoxide is used in place of the carbon dioxide.<\/p>\n\n\n\n

  • The automotive industry, which uses renewable methanol as a fuel for internal combustion engines, hybrid (fuel\/electric) systems, and fuel cells, is a major driver of Europe renewable methanol market growth. By doing so, it aids governments in reducing greenhouse gas emissions from cars. With rising production and sales, the automobile sector is experiencing a boom worldwide and in Europe, which will further fuel the market expansion throughout the forecast period.<\/li>
  • With the implementation of low-carbon fuel initiatives to reduce carbon intensity in fuels, biomethanol blends are being utilised more frequently in Europe. These measures significantly contribute to the increase in the region’s demand for renewable methanol.<\/li>
  • Governments have been compelled to enact strict restrictions for decreasing carbon footprints as a result of rising CO2 emissions worldwide. This has greatly increased the demand for methanol made from renewable sources during the past few years.<\/li>
  • The rising production of renewable methanol from industrial and agricultural waste is also predicted to support the growth of the market throughout the forecast period.<\/li><\/ul>\n\n\n\n

    Europe Renewable Methanol Market Analysis<\/h3>\n\n\n\n

    Based on feedstock, the market is divided into biomass, CO2 and hydrogen. The market on the basis of processing techniques can be segmented into gasification, reformer-based production from biogas, production during the pulping process, and production from CO2 and hydrogen. Based on application, the Europe renewable methanol market is categorised into dimethyl ether (DME), methyl tert-butyl ether (MTBE), gasoline blending, among others. The major countries for the renewable methanol market in Europe can be divided into the United Kingdom, Germany, France, and Nordics, among others.<\/p>\n\n\n\n

    The comprehensive EMR report provides an in-depth assessment of the market based on the Porter’s five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Europe renewable methanol market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.<\/p>\n\n\n\n

    • Carbon Recycling International (CRI)<\/li>
    • Hy2gen AG<\/li>
    • OCI N.V.<\/li>
    • BASF SE<\/li>
    • S\u00f6dra Skogs\u00e4garna<\/li>
    • Others<\/li><\/ul>\n\n\n\n

      Market Share by Application<\/h3>\n\n\n\n

      According to the Europe renewable methanol market research, rising demand for formaldehyde from the furniture industry in countries like Germany is anticipated to fuel the segment’s expansion. Due to its rising demand for use in fibreglass matting in building and construction applications, Germany is one of the biggest consumers of formaldehyde in Europe.<\/p>\n\n\n\n

      It is predicted that the market share for formaldehyde will increase in the near future in Europe. This is a result of the substance’s increasing incorporation in a number of end-use industries, including automotive, building and construction, oil and gas, furniture, textile, healthcare, agricultural, water treatment, and cleaning products.<\/p>\n\n\n\n

      Due to its remarkable antibacterial properties, formaldehyde is also being utilised more commonly in the production of disinfectants, vaccinations, and personal care items like toothpaste and mouthwash. Therefore, the rising demand for these items is anticipated to increase the demand for formaldehyde applications of renewable methanol in the forecast period.<\/p>\n\n\n\n

      Market Share by Country<\/h3>\n\n\n\n

      In Europe, Germany is a significant market for renewable methanol, with an increasing need for renewable methanol due to the rising demand for formaldehyde synthesis. Additionally, as one of Europe’s top manufacturers of formaldehyde, the majority of the substance is used to create polyoxymethylene, phenol-formaldehyde resins, and urea-formaldehyde resins. The growing need for these products is driving the demand for renewable methanol in Germany, which is frequently utilised in the synthesis of formaldehyde.<\/p>\n\n\n\n

      Additionally, regulations in Europe requiring the use of certain products and their blends in the automotive industry are also projected to increase the regional demand for renewable methanol. These factors will therefore likely propel the Europe renewable methanol market throughout the forecast period.<\/p>\n\n\n\n

      Competitive Landscape<\/h3>\n\n\n\n

      Carbon Recycling International (CRI),<\/strong> with its headquarters in Iceland, has been producing methanol from CO2 on a large scale since 2012. The company helps its partners create renewable methanol from carbon dioxide and hydrogen for more environmentally friendly fuels, chemicals, and products.<\/p>\n\n\n\n

      OCI N.V.,<\/strong> with its corporate headquarters in the Netherlands, is a major hydrogen product manufacturer and distributor, offering low carbon feedstock, fuels, and fertilisers to customers in the agriculture, transportation, and industrial sectors all over the world. OCI has a production capacity of over 16.3 million metric tonnes of hydrogen products per year, including melamine, biofuels, diesel exhaust fluid, nitrogen fertilisers, and methanol, across four continents.<\/p>\n\n\n\n

      Innogy SE,<\/strong> founded in 2016, is a provider of energy throughout Europe. The company retails electricity and gas in addition to designing, constructing, and operating power generation and renewable energy extraction facilities. Additionally, Innogy SE oversees the world’s gas and electric transmission systems.<\/p>\n\n\n\n

      Other market players include S\u00f6dra Skogs\u00e4garna, BASF SE, New Fuel A\/S, and Nordic Green ApS, among others.<\/p>\n\n\n\n

      Key Highlights of the Report<\/h3>\n\n\n\n
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      \"\"<\/figure><\/div>\n","protected":false},"excerpt":{"rendered":"

      Europe Renewable Methanol Market Outlook The Europe renewable methanol market size reached a volume of\u00a0 96.92\u00a0KMT\u00a0in 2022. During the forecast period of between 2023 and 2028, the market is expected to grow at a CAGR of 31.7% to reach a volume\u00a0of around 483.65 KMT\u00a0by 2028. Key Trends in the Market Renewable methanol is produced from […]<\/p>\n","protected":false},"author":59,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","nova_meta_subtitle":"By Feedstock: Biomass, CO2 and Hydrogen; By Processing Techniques: Gasification, Reformer-Based Production From Biogas, Others; By Application; Regional Analysis; Market Dynamics; Competitive Landscape ","footnotes":""},"categories":[5572,5571],"tags":[6843,12570,5842,10416,12366,10630,13718,10743],"supplier":[75,3564,21951,21952,8002],"class_list":["post-124812","post","type-post","status-publish","format-standard","hentry","category-bio-based","category-co2-based","tag-biochemicals","tag-biodiesel","tag-biomass","tag-circulareconomy","tag-fuels","tag-hydrogen","tag-methanol","tag-useco2","supplier-basf-se","supplier-carbon-recycling-international-cri","supplier-hy2gen-ag","supplier-oci-nv","supplier-sodra"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/124812","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=124812"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/124812\/revisions"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=124812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=124812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=124812"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=124812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}