Growing demand for sustainable energy sources and the availability of renewable methanol drive the growth of the global renewable methanol market. Asia-Pacific contributed the highest share in 2019, and will maintain its dominance throughout the forecast period. The revenue generated from the transportation segment will be reduced for a few months as public transportation is not allowed during the lockdown.
A complete and wide-ranging evaluation of the aspects that drive and restrain the market growth is also provided throughout the study. This detailed exploration of the market size and its proper segmentation help the market players define the prevalent opportunities that are looming large.
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The global renewable methanol market generated $3.3 billion in 2019, and is estimated to reach $5.3 billion by 2027, registering a CAGR of 5.8% from 2020 to 2027.
The report helps clients in comprehending the first-hand knowledge of the global market while providing a full-fledged understanding of the regional-level analysis of each segment. At the same time, the study contain in-depth information of the frontrunners that are active in the industry along with their financial agenda, segmental profits, company trends, services/products offerings, and major adopted stratagems.
The municipal solid waste segment held the largest share in 2019, accounting for more than one-third of the global renewable methanol market. However, the CO2 emission segment is expected to register the highest CAGR of 8.3% during the forecast period, due to stringent regulations from governments and increase in adoption by several companies to utilize CO2 in the process.
The Renewable methanol market report keeps a perfect tab on the market share of several companies, recent market trends, revenue forecast, and new product launches across the market. The report includes company profiles that delineate the revenue share of the top competitors in the market. Simultaneously, the report provides revenue forecasts for four regions and more than twenty major countries across Asia-Pacific, LAMEA. North America and Europe.
Based on end-user industry, the transportation segment accounted for the largest share in 2019, holding more than one-third of the total share, and is expected to maintain the largest share throughout the forecast period. However, the power generation segment is expected to register the highest CAGR of 6.7% from 2020 to 2027.
Renewable methanol Covered Market:- BASF SE, Advanced Chemical Technologies, Enerkem, Fraunhofer, Carbon Recycling International, Nordic Green, Innogy, Nouryon and Other.
Scope of the report:
- Renewable methanol Market Size and Forecasts (2020–2027)
- Key winning strategies and top impacting factors
- Competitive Landscape and company profiles of leading market players
- Detailed segmentation with grass-root level analysis
- Porter’s Five Forces Analysis
- Market dynamics and its description
- Product portfolio, business performance, and strategic developments
- Data & statistics in tabular and graphical format
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