The Asia-Pacific renewable methanol market is expected to develop with a CAGR of 3.44% in terms of revenue as well as 2.32% in terms of volume across the estimated period of 2022 to 2030, capturing a revenue share of $2417.89 million by 2030.
ASIA-PACIFIC RENEWABLE METHANOL MARKET FORECAST 2022-2030
Asia-Pacific Renewable Methanol Market by Feedstock (Agricultural Waste, Forestry Residues, Municipal Solid Waste, CO2 Emission, Other Feedstocks) Market by Application (Formaldehyde, Dimethyl Ether (DME) & Methyl Tert-butyl Ether (MTBE), Gasoline, Solvent, Other Applications) Market by End-user (Chemical, Transportation, Power Generation, Other End-users) By Geography
The Asia-Pacific renewable methanol market is expected to develop with a CAGR of 3.44% in terms of revenue as well as 2.32% in terms of volume across the estimated period of 2022 to 2030, capturing a revenue share of $2417.89 million by 2030.
Key factors such as the rising use of methanol as a transportation fuel in developing countries like China, the collaborations between leading methanol technology providers, and the surging consumption of renewable methanol are set to present the regional market with lucrative growth opportunities. However, the Asia-Pacific renewable methanol market may be restrained due to the surging levels of CO2 emissions.
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The Asia-Pacific renewable methanol market growth analysis covers the evaluation of China, Japan, India, Australia & New Zealand, South Korea, Indonesia, Vietnam, Thailand, and Rest of Asia-Pacific. The majority of the methanol supply in China is domestically produced. Nearly 66% of the country’s methanol feedstock is acquired from coal, while the remainder is produced from natural gas and cooking gas (a by-product of steel production). With abundant coal resources, China has also increased its capacity in order to manufacture methanol using coal as a feedstock. Moreover, lesser amounts of the country’s methanol supply are imported from the United States, the Middle East, South America, and Southeast Asia.
In Japan, greenhouse gas emissions dropped 1.2% to an eight-year low in 2018, owing to the increasing use of renewable energy as well as the higher utilization of nuclear plants. Besides, the country’s methanol industry is still at a nascent stage, accounting for nearly 7% of the total methanol production in the Asia-Pacific.
However, Japan imports the majority of its methanol stock since the quantity produced within the nation scarcely covers its complete needs. In addition, the new legislation introduced in 2017 aims to raise the country’s percentage of power from renewable resources, with enhanced government oversight of renewable projects. This step would further ensure efficiency and encourage the purchase of greater volumes of power from renewable sources.
The Asia-Pacific renewable methanol market is mainly segmented into feedstock, application, and end-user. The end-user category is further categorized into chemical, transportation, power generation, and other end-users. Renewable methanol is a versatile chemical capable of producing a diverse range of fuels and polymers. It is also one of the most immediate fuels utilized to manufacture bio-methyl tertiary butyl ether (MTBE) for increasing the octane levels in petrol. In the chemical industry, renewable methanol is used to make formaldehyde and acetic acid.
One of the top advantages of renewable methanol is its potential to minimize greenhouse gas (GHG) emissions from the transportation industry. Methanol, as a transportation fuel, can offer two core benefits over conventional fuels. These include lower tailpipe emissions in combustion and higher efficiency vehicle technologies.
Some of the key players operating in the Asia-Pacific renewable methanol market are BASF SE, SerEnergy A/S, Fraunhofer, etc.
SerEnergy, headquartered in Denmark, is a top developer and supplier of methanol-based fuel cell solutions across the world. With over 1,000 active units installed globally and more than 10 years of experience with pioneering fuel cell technology, the company has continued to deliver customized solutions to various customers since 2006.
Report Synopsis
| Report Scope | Details |
| Market Forecast Years | 2022-2030 |
| Base Year | 2021 |
| Market Historical Years | 2018-2021 |
| Forecast Units | Revenue ($ Million) Volume (Kilotons) |
| Segments Analyzed | Feedstock, Application, and End-User |
| Countries Analyzed | China, Japan, India, Australia & New Zealand, South Korea, Indonesia, Vietnam, Thailand, and Rest of Asia-Pacific |
| Companies Analyzed | Nordic Green, OCI NV, SerEnergy A/S, Advanced Chemical Technologies, Methanol Holdings (Trinidad) Ltd, Atlantic Methanol, Carbon Recycling International (CRI), Gujarat Narmada Valley Fertilizers & Chemicals Ltd, Sodra, Enerkem, Methanex Corporation, Southern Chemical Corporation, Fraunhofer, Innogy, BASF SE |
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- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- MARKET OVERVIEW
- MARKET DYNAMICS
- KEY DRIVERS
- SHIFTING TREND TOWARD SUSTAINABLE ENERGY SOURCES
- AVAILABILITY OF RENEWABLE METHANOL
- STRINGENT GOVERNMENT RULES AND REGULATIONS
- KEY RESTRAINTS
- HIGH INSTALLATION COSTS
- HEALTH CONCERNS
- KEY DRIVERS
- KEY ANALYTICS
- IMPACT OF COVID-19 ON RENEWABLE METHANOL MARKET
- KEY MARKET TRENDS
- PORTER’S FIVE FORCES ANALYSIS
- BUYERS POWER
- SUPPLIERS POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
- REGULATORY FRAMEWORK
- MARKET BY FEEDSTOCK
- AGRICULTURAL WASTE
- FORESTRY RESIDUES
- MUNICIPAL SOLID WASTE
- CO2 EMISSION
- OTHER FEEDSTOCKS
- MARKET BY APPLICATION
- FORMALDEHYDE
- DIMETHYL ETHER (DME) & METHYL TERT-BUTYL ETHER (MTBE)
- GASOLINE
- SOLVENT
- OTHER APPLICATIONS
- MARKET BY END-USER
- CHEMICAL
- TRANSPORTATION
- POWER GENERATION
- OTHER END-USERS
- GEOGRAPHICAL ANALYSIS
- ASIA-PACIFIC
- MARKET SIZE & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- CHINA
- JAPAN
- INDIA
- SOUTH KOREA
- INDONESIA
- THAILAND
- VIETNAM
- AUSTRALIA & NEW ZEALAND
- REST OF ASIA-PACIFIC
- ASIA-PACIFIC
- COMPETITIVE LANDSCAPE
- KEY STRATEGIC DEVELOPMENTS
- PRODUCT LAUNCHES & DEVELOPMENTS
- PARTNERSHIPS & AGREEMENTS
- BUSINESS EXPANSIONS & DIVESTITURES
- COMPANY PROFILES
- ADVANCED CHEMICAL TECHNOLOGIES
- BASF SE
- CARBON RECYCLING INTERNATIONAL (CRI)
- ENERKEM
- FRAUNHOFER
- INNOGY
- NORDIC GREEN
- OCI NV
- SERENERGY A/S
- SODRA
- METHANEX CORPORATION
- METHANOL HOLDINGS (TRINIDAD) LTD
- GUJARAT NARMADA VALLEY FERTILIZERS & CHEMICALS LTD
- SOUTHERN CHEMICAL CORPORATION
- ATLANTIC METHANOL
- KEY STRATEGIC DEVELOPMENTS
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT – RENEWABLE METHANOL
TABLE 2: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY FEEDSTOCK, HISTORICAL YEARS, 2018-2021 (IN KILOTONS)
TABLE 3: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY FEEDSTOCK, FORECAST YEARS, 2022-2030 (IN KILOTONS)
TABLE 4: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY FEEDSTOCK, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 5: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY FEEDSTOCK, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 6: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2021 (IN KILOTONS)
TABLE 7: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY APPLICATION, FORECAST YEARS, 2022-2030 (IN KILOTONS)
TABLE 8: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 9: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY APPLICATION, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 10: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY END-USER, HISTORICAL YEARS, 2018-2021 (IN KILOTONS)
TABLE 11: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY END-USER, FORECAST YEARS, 2022-2030 (IN KILOTONS)
TABLE 12: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY END-USER, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 13: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY END-USER, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 14: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN KILOTONS)
TABLE 15: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN KILOTONS)
TABLE 16: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 17: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 18: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 19: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 20: LIST OF BUSINESS EXPANSIONS & DIVESTITURES
LIST OF FIGURES
FIGURE 1: PORTER’S FIVE FORCES ANALYSIS
FIGURE 2: OPPORTUNITY MATRIX
FIGURE 3: VENDOR LANDSCAPE
FIGURE 4: ASIA-PACIFIC RENEWABLE METHANOL MARKET, GROWTH POTENTIAL, BY FEEDSTOCK, IN 2021
FIGURE 5: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY AGRICULTURAL WASTE, 2022-2030 (IN $ MILLION)
FIGURE 6: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY FORESTRY RESIDUES, 2022-2030 (IN $ MILLION)
FIGURE 7: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY MUNICIPAL SOLID WASTE, 2022-2030 (IN $ MILLION)
FIGURE 8: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY CO2 EMISSION, 2022-2030 (IN $ MILLION)
FIGURE 9: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY OTHER FEEDSTOCKS, 2022-2030 (IN $ MILLION)
FIGURE 10: ASIA-PACIFIC RENEWABLE METHANOL MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2021
FIGURE 11: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY FORMALDEHYDE, 2022-2030 (IN $ MILLION)
FIGURE 12: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY DIMETHYL ETHER (DME) & METHYL TERT-BUTYL ETHER (MTBE), 2022-2030 (IN $ MILLION)
FIGURE 13: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY GASOLINE, 2022-2030 (IN $ MILLION)
FIGURE 14: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY SOLVENT, 2022-2030 (IN $ MILLION)
FIGURE 15: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY OTHER APPLICATIONS, 2022-2030 (IN $ MILLION)
FIGURE 16: ASIA-PACIFIC RENEWABLE METHANOL MARKET, GROWTH POTENTIAL, BY END-USER, IN 2021
FIGURE 17: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY CHEMICAL, 2022-2030 (IN $ MILLION)
FIGURE 18: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY TRANSPORTATION, 2022-2030 (IN $ MILLION)
FIGURE 19: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY POWER GENERATION, 2022-2030 (IN $ MILLION)
FIGURE 20: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY OTHER END-USERS, 2022-2030 (IN $ MILLION)
FIGURE 21: ASIA-PACIFIC RENEWABLE METHANOL MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)
FIGURE 22: CHINA RENEWABLE METHANOL MARKET, 2022-2030 (IN $ MILLION)
FIGURE 23: JAPAN RENEWABLE METHANOL MARKET, 2022-2030 (IN $ MILLION)
FIGURE 24: INDIA RENEWABLE METHANOL MARKET, 2022-2030 (IN $ MILLION)
FIGURE 25: SOUTH KOREA RENEWABLE METHANOL MARKET, 2022-2030 (IN $ MILLION)
FIGURE 26: INDONESIA RENEWABLE METHANOL MARKET, 2022-2030 (IN $ MILLION)
FIGURE 27: THAILAND RENEWABLE METHANOL MARKET, 2022-2030 (IN $ MILLION)
FIGURE 28: VIETNAM RENEWABLE METHANOL MARKET, 2022-2030 (IN $ MILLION)
FIGURE 29: AUSTRALIA & NEW ZEALAND RENEWABLE METHANOL MARKET, 2022-2030 (IN $ MILLION)
FIGURE 30: REST OF ASIA-PACIFIC RENEWABLE METHANOL MARKET, 2022-2030 (IN $ MILLION)
- GEOGRAPHICAL ANALYSIS
- ASIA-PACIFIC
- MARKET SIZE & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- CHINA
- JAPAN
- INDIA
- SOUTH KOREA
- INDONESIA
- THAILAND
- VIETNAM
- AUSTRALIA & NEW ZEALAND
- REST OF ASIA-PACIFIC
- ASIA-PACIFIC
- MARKET BY FEEDSTOCK
- AGRICULTURAL WASTE
- FORESTRY RESIDUES
- MUNICIPAL SOLID WASTE
- CO2 EMISSION
- OTHER FEEDSTOCKS
- MARKET BY APPLICATION
- FORMALDEHYDE
- DIMETHYL ETHER (DME) & METHYL TERT-BUTYL ETHER (MTBE)
- GASOLINE
- SOLVENT
- OTHER APPLICATIONS
- MARKET BY END-USER
- CHEMICAL
- TRANSPORTATION
- POWER GENERATION
- OTHER END-USERS
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