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GERMANY RENEWABLE METHANOL MARKET FORECAST 2024-2032

SCOPE OF THE REPORT

Germany 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)

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MARKET OVERVIEW

The Germany renewable methanol market is anticipated to record a CAGR of 4.52% in terms of revenue and 2.96% in terms of volume during the forecast period, 2024-2032, and is expected to garner a revenue of $xx million by 2032.

Germany stands as a significant hub in the renewable methanol market within Europe, hosting 90% of the region’s methanol industry. Methanol production primarily relies on steam-reforming natural gas. The country’s increasing demand for renewable methanol is primarily attributed to the burgeoning need for formaldehyde, with Germany ranking among the largest formaldehyde producers in the area. 

The majority of formaldehyde output is channeled into the production of urea-formaldehyde resins, phenol-formaldehyde resins, and polyoxymethylene, all integral components in the wood processing industry, particularly for laminated floors, plywood boards, and car panels. As demand for these derivatives surges, so does the need for renewable methanol, slated to play an increasingly prominent role in formaldehyde production.

Germany Renewable Methanol Market

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While significant strides have been made in Germany’s energy transition within the electricity sector, there remains substantial growth potential in both the heat and transport sectors. The interconnection of energy sectors offers a promising avenue to balance supply and demand, particularly within the ‘green’ transport sector. Through electrolysis, surplus electricity can be transformed into hydrogen and subsequently synthesized into methanol using renewable electricity and CO2 sourced from biomass fermentation. 

Renewable fuels, such as biomethanol, possess the advantageous capability of independent generation irrespective of demand, coupled with long-term storage potential. Hence, methanol emerges as a versatile solution for powering mobility, heating, and electricity generation in Germany.

The Germany renewable methanol market segmentation includes feedstock, application, and end-user. The end-user segment includes chemical, transportation, power generation, and other end-users. 

Several factors are fueling the growth of renewable methanol in power generation. Stringent environmental regulations aimed at curbing greenhouse gas emissions and promoting renewable energy adoption have incentivized power producers to explore cleaner alternatives. Renewable methanol offers advantages such as lower emissions, greater energy density, and compatibility with existing infrastructure, making it an attractive option for power generation.

Advancements in methanol production technologies and power generation systems are driving innovation in the renewable methanol market. Integrated systems that combine methanol production with power generation, such as methanol fuel cells and methanol synthesis from carbon capture, are gaining attention for their efficiency and environmental benefits. Additionally, research and development efforts focused on improving the efficiency and cost-effectiveness of methanol production processes are contributing to market growth.

Despite the promising outlook, the renewable methanol market for power generation faces certain challenges. Scalability and cost competitiveness remain key barriers to widespread adoption, particularly in comparison to conventional fossil fuels. Additionally, the need for infrastructure upgrades and investment in methanol production facilities and distribution networks present logistical challenges that need to be addressed.

Some of the eminent companies in the Germany renewable methanol market are BASF SE, Carbon Recycling International (CRI), Fraunhofer, etc.

Carbon Recycling International (CRI) stands at the forefront of power methanol technology globally. Specializing in the production of renewable methanol derived from carbon dioxide, hydrogen, and electricity, their focus lies on applications in fuel, eco-friendly chemicals, and product manufacturing. Collaborating with partners, CRI spearheads innovative projects aimed at enhancing resource utilization and transforming waste gases and renewable energy into valuable commodities. Employing their Emissions-to-Liquids (ETL) technology platform, they undertake the design, engineering, and execution of methanol production facilities. Notably, their solutions prioritize environmental sustainability, ensuring no adverse impact on the food chain or land utilization. It is headquartered in Reykjavík, Iceland.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2024-2032
Base Year2023
Market Historical Years2018-2022
Forecast Units

Revenue ($ Million) and Volume (Kilotons)

Segments Analyzed
Feedstock, Application, and End-User
Countries AnalyzedGermany
Companies AnalyzedBASF SE, Carbon Recycling International (CRI), Enerkem, Fraunhofer, Innogy, Nordic Green, SerEnergy A/S, Uniper SE

TABLE OF CONTENTS

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
    3. COUNTRY SNAPSHOT
    4. COUNTRY ANALYSIS
    5. SCOPE OF STUDY
    6. CRISIS SCENARIO ANALYSIS
      1. IMPACT OF COVID-19 ON RENEWABLE METHANOL MARKET
    7. MAJOR MARKET FINDINGS
      1. RENEWABLE METHANOL GAINS TRACTION AS A CHEMICAL FEEDSTOCK
      2. GROWING USE AS A BLENDING COMPONENT IN FUELS
      3. GEOGRAPHIC EXPANSION BEYOND TRADITIONAL MARKETS
      4. INCREASED INVESTMENT IN R&D FOR PROCESS ENHANCEMENT
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. GROWING EMPHASIS ON REDUCING GREENHOUSE GAS EMISSIONS AND ACHIEVING CARBON NEUTRALITY
      2. ONGOING ADVANCEMENTS IN RENEWABLE ENERGY TECHNOLOGIES AND PROCESSES
      3. SUPPORTIVE REGULATORY FRAMEWORKS, SUBSIDIES, AND INCENTIVES
    2. KEY RESTRAINTS
      1. ESTABLISHMENT OF PRODUCTION PLANTS REQUIRES SIGNIFICANT UPFRONT CAPITAL INVESTMENT
      2. COMPETITION FROM FOSSIL-BASED METHANOL REMAINS STRONG
      3. LIMITED AVAILABILITY OF COST-EFFECTIVE FEEDSTOCKS
  4. KEY ANALYTICS
    1. KEY MARKET TRENDS
      1. EXPANSION OF PRODUCTION CAPACITIES BY KEY PLAYERS
      2. GROWING PARTNERSHIPS TO DEVELOP INTEGRATED VALUE CHAINS
      3. FOCUS ON CARBON RECYCLING FOR SUSTAINABLE PRODUCTION
      4. RISING APPLICATION IN TRANSPORTATION SECTORS
    2. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    3. GROWTH PROSPECT MAPPING
    4. MARKET MATURITY ANALYSIS
    5. MARKET CONCENTRATION ANALYSIS
    6. VALUE CHAIN ANALYSIS
      1. FEEDSTOCK ACQUISITION
      2. CONVERSION PROCESS
      3. DISTRIBUTION AND LOGISTICS
      4. END-USE APPLICATIONS
    7. REGULATORY FRAMEWORK
  5. MARKET BY FEEDSTOCK
    1. AGRICULTURAL WASTE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. FORESTRY RESIDUES
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. MUNICIPAL SOLID WASTE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. CO2 EMISSION
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    5. OTHER FEEDSTOCKS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  6. MARKET BY APPLICATION
    1. FORMALDEHYDE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. DIMETHYL ETHER (DME) & METHYL TERT-BUTYL ETHER (MTBE)
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. GASOLINE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. SOLVENT
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    5. OTHER APPLICATIONS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  7. MARKET BY END-USER
    1. CHEMICAL
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. TRANSPORTATION
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. POWER GENERATION
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. OTHER END-USERS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  8. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. PRODUCT LAUNCHES & DEVELOPMENTS
      2. PARTNERSHIPS & AGREEMENTS
      3. BUSINESS EXPANSIONS & DIVESTITURES
    2. COMPANY PROFILES
      1. BASF SE
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      2. CARBON RECYCLING INTERNATIONAL (CRI)
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      3. ENERKEM
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      4. FRAUNHOFER
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      5. INNOGY
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      6. NORDIC GREEN
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      7. SERENERGY A/S
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      8. UNIPER SE
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – RENEWABLE METHANOL

TABLE 2: COUNTRY SNAPSHOT

TABLE 3: REGULATORY FRAMEWORK

TABLE 4: GERMANY RENEWABLE METHANOL MARKET, BY FEEDSTOCK, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 5: GERMANY RENEWABLE METHANOL MARKET, BY FEEDSTOCK, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 6: GERMANY RENEWABLE METHANOL MARKET, BY FEEDSTOCK, HISTORICAL YEARS, 2018-2022 (IN KILOTONS)

TABLE 7: GERMANY RENEWABLE METHANOL MARKET, BY FEEDSTOCK, FORECAST YEARS, 2024-2032 (IN KILOTONS)

TABLE 8: GERMANY RENEWABLE METHANOL MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 9: GERMANY RENEWABLE METHANOL MARKET, BY APPLICATION, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 10: GERMANY RENEWABLE METHANOL MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN KILOTONS)

TABLE 11: GERMANY RENEWABLE METHANOL MARKET, BY APPLICATION, FORECAST YEARS, 2024-2032 (IN KILOTONS)

TABLE 12: GERMANY RENEWABLE METHANOL MARKET, BY END-USER, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 13: GERMANY RENEWABLE METHANOL MARKET, BY END-USER, FORECAST YEARS, 2024-2032 (IN $ MILLION)

TABLE 14: GERMANY RENEWABLE METHANOL MARKET, BY END-USER, HISTORICAL YEARS, 2018-2022 (IN KILOTONS)

TABLE 15: GERMANY RENEWABLE METHANOL MARKET, BY END-USER, FORECAST YEARS, 2024-2032 (IN KILOTONS)

TABLE 16: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 17: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 18: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES

FIGURE 1: MAJOR MARKET FINDINGS

FIGURE 2: MARKET DYNAMICS

FIGURE 3: KEY MARKET TRENDS

FIGURE 4: PORTER’S FIVE FORCES ANALYSIS

FIGURE 5: GROWTH PROSPECT MAPPING

FIGURE 6: MARKET MATURITY ANALYSIS

FIGURE 7: MARKET CONCENTRATION ANALYSIS

FIGURE 8: VALUE CHAIN ANALYSIS

FIGURE 9: GERMANY RENEWABLE METHANOL MARKET, GROWTH POTENTIAL, BY FEEDSTOCK, IN 2023

FIGURE 10: GERMANY RENEWABLE METHANOL MARKET, BY AGRICULTURAL WASTE, 2024-2032 (IN $ MILLION)

FIGURE 11: GERMANY RENEWABLE METHANOL MARKET, BY AGRICULTURAL WASTE, 2024-2032 (IN KILOTONS)

FIGURE 12: GERMANY RENEWABLE METHANOL MARKET, BY FORESTRY RESIDUES, 2024-2032 (IN $ MILLION)

FIGURE 13: GERMANY RENEWABLE METHANOL MARKET, BY FORESTRY RESIDUES, 2024-2032 (IN KILOTONS)

FIGURE 14: GERMANY RENEWABLE METHANOL MARKET, BY MUNICIPAL SOLID WASTE, 2024-2032 (IN $ MILLION)

FIGURE 15: GERMANY RENEWABLE METHANOL MARKET, BY MUNICIPAL SOLID WASTE, 2024-2032 (IN KILOTONS)

FIGURE 16: GERMANY RENEWABLE METHANOL MARKET, BY CO2 EMISSION, 2024-2032 (IN $ MILLION)

FIGURE 17: GERMANY RENEWABLE METHANOL MARKET, BY CO2 EMISSION, 2024-2032 (IN KILOTONS)

FIGURE 18: GERMANY RENEWABLE METHANOL MARKET, BY OTHER FEEDSTOCKS, 2024-2032 (IN $ MILLION)

FIGURE 19: GERMANY RENEWABLE METHANOL MARKET, BY OTHER FEEDSTOCKS, 2024-2032 (IN KILOTONS)

FIGURE 20: GERMANY RENEWABLE METHANOL MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2023

FIGURE 21: GERMANY RENEWABLE METHANOL MARKET, BY FORMALDEHYDE, 2024-2032 (IN $ MILLION)

FIGURE 22: GERMANY RENEWABLE METHANOL MARKET, BY FORMALDEHYDE, 2024-2032 (IN KILOTONS)

FIGURE 23: GERMANY RENEWABLE METHANOL MARKET, BY DIMETHYL ETHER (DME) & METHYL TERT-BUTYL ETHER (MTBE), 2024-2032 (IN $ MILLION)

FIGURE 24: GERMANY RENEWABLE METHANOL MARKET, BY DIMETHYL ETHER (DME) & METHYL TERT-BUTYL ETHER (MTBE), 2024-2032 (IN KILOTONS)

FIGURE 25: GERMANY RENEWABLE METHANOL MARKET, BY GASOLINE, 2024-2032 (IN $ MILLION)

FIGURE 26: GERMANY RENEWABLE METHANOL MARKET, BY GASOLINE, 2024-2032 (IN KILOTONS)

FIGURE 27: GERMANY RENEWABLE METHANOL MARKET, BY SOLVENT, 2024-2032 (IN $ MILLION)

FIGURE 28: GERMANY RENEWABLE METHANOL MARKET, BY SOLVENT, 2024-2032 (IN KILOTONS)

FIGURE 29: GERMANY RENEWABLE METHANOL MARKET, BY OTHER APPLICATIONS, 2024-2032 (IN $ MILLION)

FIGURE 30: GERMANY RENEWABLE METHANOL MARKET, BY OTHER APPLICATIONS, 2024-2032 (IN KILOTONS)

FIGURE 31: GERMANY RENEWABLE METHANOL MARKET, GROWTH POTENTIAL, BY END-USER, IN 2023

FIGURE 32: GERMANY RENEWABLE METHANOL MARKET, BY CHEMICAL, 2024-2032 (IN $ MILLION)

FIGURE 33: GERMANY RENEWABLE METHANOL MARKET, BY CHEMICAL, 2024-2032 (IN KILOTONS)

FIGURE 34: GERMANY RENEWABLE METHANOL MARKET, BY TRANSPORTATION, 2024-2032 (IN $ MILLION)

FIGURE 35: GERMANY RENEWABLE METHANOL MARKET, BY TRANSPORTATION, 2024-2032 (IN KILOTONS)

FIGURE 36: GERMANY RENEWABLE METHANOL MARKET, BY POWER GENERATION, 2024-2032 (IN $ MILLION)

FIGURE 37: GERMANY RENEWABLE METHANOL MARKET, BY POWER GENERATION, 2024-2032 (IN KILOTONS)

FIGURE 38: GERMANY RENEWABLE METHANOL MARKET, BY OTHER END-USERS, 2024-2032 (IN $ MILLION)

FIGURE 39: GERMANY RENEWABLE METHANOL MARKET, BY OTHER END-USERS, 2024-2032 (IN KILOTONS)

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