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Europe Renewable Methanol Market

Europe Renewable Methanol Market Size, Trends, Share, Growth, Forecast: By Feedstock: Biomass, CO2 and Hydrogen; By Processing Techniques: Gasification, Reformer-Based Production From Biogas, Others; By Application; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032

Europe Renewable Methanol Market Outlook

The Europe renewable methanol market size reached a volume of 127.64 KMT in 2023. During the forecast period of between 2024 and 2032, the market is expected to grow at a CAGR of 31.7% to reach a volume of around 1,521.50 KMT by 2032.

 

Key Trends in the Market

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.

 

  • 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.
  • 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.
  • 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.
  • 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.

 

Europe Renewable Methanol Market Analysis

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.

 

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.

 

  • Carbon Recycling International (CRI)
  • Hy2gen AG
  • OCI N.V.
  • BASF SE
  • Södra Skogsägarna
  • Others

 

Market Share by Application

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.

 

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.

 

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.

 

Market Share by Country

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.

 

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.

 

Competitive Landscape

Carbon Recycling International (CRI), 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.

 

OCI N.V., 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.

 

Innogy SE, 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.

 

Other market players include Södra Skogsägarna, BASF SE, New Fuel A/S, and Nordic Green ApS, among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Feedstock
  • Processing Techniques
  • Application
  • Country
Breakup by Feedstock
  • Biomass
  • CO2 and Hydrogen
Breakup by Processing Techniques
  • Gasification
  • Reformer-Based Production From Biogas
  • Production During The Pulping Process
  • Production from CO2 and Hydrogen
Breakup by Application
  • Dimethyl Ether (DME)
  • Methyl Tert-Butyl Ether (MTBE)
  • Gasoline Blending
  • Others
Breakup by Region
  • United Kingdom
  • Nordics
  • Germany
  • France
  • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Carbon Recycling International (CRI)
  • Hy2gen AG
  • OCI N.V.
  • Södra Skogsägarna
  • BASF SE
  • New Fuel A/S
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Market Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
7    Industry Opportunities and Challenges
8    Europe Renewable Methanol Market Analysis

    8.1    Key Industry Highlights
    8.2    Europe Renewable Methanol Historical Market (2018-2023) 
    8.3    Europe Renewable Methanol Market Forecast (2024-2032)
    8.4    Europe Renewable Methanol Market by Feedstock
        8.4.1    Biomass
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2023)
            8.4.1.3    Forecast Trend (2024-2032)
        8.4.2    CO2 and Hydrogen
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2023)
            8.4.2.3    Forecast Trend (2024-2032)
    8.5    Europe Renewable Methanol Market by Processing Techniques
        8.5.1    Gasification
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2023)
            8.5.1.3    Forecast Trend (2024-2032)
        8.5.2    Reformer-Based Production From Biogas
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2023)
            8.5.2.3    Forecast Trend (2024-2032)
        8.5.3    Production During The Pulping Process
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2023)
            8.5.3.3    Forecast Trend (2024-2032)
        8.5.4    Production From CO2 and Hydrogen
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2018-2023)
            8.5.4.3    Forecast Trend (2024-2032)
    8.6    Europe Renewable Methanol Market by Application
        8.6.1    Dimethyl Ether (DME)
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2023)
            8.6.1.3    Forecast Trend (2024-2032)
        8.6.2    Methyl Tert-Butyl Ether (MTBE)
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2023)
            8.6.2.3    Forecast Trend (2024-2032)
        8.6.3    Gasoline Blending
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2023)
            8.6.3.3    Forecast Trend (2024-2032)
        8.6.4    Others
    8.7    Europe Renewable Methanol Market Share by Country
        8.7.1    United Kingdom
        8.7.2    Nordics
        8.7.3    Germany
        8.7.4    France
        8.7.5    Others
9    United Kingdom Renewable Methanol Market Analysis
    9.1    United Kingdom Renewable Methanol Historical Market (2018-2023) 
    9.2    United Kingdom Renewable Methanol Market Forecast (2024-2032)
    9.3    United Kingdom Renewable Methanol Market by Feedstock
        9.3.1    Biomass
            9.3.1.1    Market Share
            9.3.1.2    Historical Trend (2018-2023)
            9.3.1.3    Forecast Trend (2024-2032)
        9.3.2    CO2 and Hydrogen
            9.3.2.1    Market Share
            9.3.2.2    Historical Trend (2018-2023)
            9.3.2.3    Forecast Trend (2024-2032)
    9.4    United Kingdom Renewable Methanol Market by Processing Techniques
        9.4.1    Gasification
            9.4.1.1    Market Share
            9.4.1.2    Historical Trend (2018-2023)
            9.4.1.3    Forecast Trend (2024-2032)
        9.4.2    Reformer-Based Production From Biogas
            9.4.2.1    Market Share
            9.4.2.2    Historical Trend (2018-2023)
            9.4.2.3    Forecast Trend (2024-2032)
        9.4.3    Production During The Pulping Process
            9.4.3.1    Market Share
            9.4.3.2    Historical Trend (2018-2023)
            9.4.3.3    Forecast Trend (2024-2032)
        9.4.4    Production from CO2 and Hydrogen
            9.4.4.1    Market Share
            9.4.4.2    Historical Trend (2018-2023)
            9.4.4.3    Forecast Trend (2024-2032)
    9.5    United Kingdom Renewable Methanol Market by Application
        9.5.1    Dimethyl Ether (DME)
            9.5.1.1    Market Share
            9.5.1.2    Historical Trend (2018-2023)
            9.5.1.3    Forecast Trend (2024-2032)
        9.5.2    Methyl Tert-Butyl Ether (MTBE)
            9.5.2.1    Market Share
            9.5.2.2    Historical Trend (2018-2023)
            9.5.2.3    Forecast Trend (2024-2032)
        9.5.3    Gasoline Blending
            9.5.3.1    Market Share
            9.5.3.2    Historical Trend (2018-2023)
            9.5.3.3    Forecast Trend (2024-2032)
        9.5.4    Others
 10    Nordics Renewable Methanol Market Analysis
    10.1    Nordics Renewable Methanol Historical Market (2018-2023) 
    10.2    Nordics Renewable Methanol Market Forecast (2024-2032)
    10.3    Nordics Renewable Methanol Market by Feedstock
        10.3.1    Biomass
            10.3.1.1    Market Share
            10.3.1.2    Historical Trend (2018-2023)
            10.3.1.3    Forecast Trend (2024-2032)
        10.3.2    CO2 and Hydrogen
            10.3.2.1    Market Share
            10.3.2.2    Historical Trend (2018-2023)
            10.3.2.3    Forecast Trend (2024-2032)
    10.4    Nordics Renewable Methanol Market by Processing Techniques
        10.4.1    Gasification
            10.4.1.1    Market Share
            10.4.1.2    Historical Trend (2018-2023)
            10.4.1.3    Forecast Trend (2024-2032)
        10.4.2    Reformer-Based Production From Biogas
            10.4.2.1    Market Share
            10.4.2.2    Historical Trend (2018-2023)
            10.4.2.3    Forecast Trend (2024-2032)
        10.4.3    Production During The Pulping Process
            10.4.3.1    Market Share
            10.4.3.2    Historical Trend (2018-2023)
            10.4.3.3    Forecast Trend (2024-2032)
        10.4.3    Production from CO2 and Hydrogen
            10.4.3.1    Market Share
            10.4.3.2    Historical Trend (2018-2023)
            10.4.3.3    Forecast Trend (2024-2032)
    10.5    Nordics Renewable Methanol Market by Application
        10.5.1    Dimethyl Ether (DME)
            10.5.1.1    Market Share
            10.5.1.2    Historical Trend (2018-2023)
            10.5.1.3    Forecast Trend (2024-2032)
        10.5.2    Methyl Tert-Butyl Ether (MTBE)
            10.5.2.1    Market Share
            10.5.2.2    Historical Trend (2018-2023)
            10.5.2.3    Forecast Trend (2024-2032)
        10.5.3    Gasoline Blending
            10.5.3.1    Market Share
            10.5.3.2    Historical Trend (2018-2023)
            10.5.3.3    Forecast Trend (2024-2032)
        10.5.4    Gasoline Blending
            10.5.4.1    Market Share
            10.5.4.2    Historical Trend (2018-2023)
            10.5.4.3    Forecast Trend (2024-2032)
        10.5.6    Others
11    Market Dynamics
    11.1    SWOT Analysis
        11.1.1    Strengths
        11.1.2    Weaknesses
        11.1.3    Opportunities
        11.1.4    Threats
    11.2    Porter’s Five Forces Analysis
        11.2.1    Supplier’s Power
        11.2.2    Buyer’s Power
        11.2.3    Threat of New Entrants
        11.2.4    Degree of Rivalry
        11.2.5    Threat of Substitutes
    11.3    Key Indicators for Demand
    11.4    Key Indicators for Price
12    Price Analysis
13    Competitive Landscape

    13.1    Market Structure
    13.2    Company Profiles
        13.2.1    Carbon Recycling International (CRI)
            13.2.1.1    Company Overview
            13.2.1.2    Product Portfolio
            13.2.1.3    Demographic Reach and Achievements
            13.2.1.4    Certifications
        13.2.2    Hy2gen AG
            13.2.2.1    Company Overview
            13.2.2.2    Product Portfolio
            13.2.2.3    Demographic Reach and Achievements
            13.2.2.4    Certifications
        13.2.3    OCI N.V. 
            13.2.3.1    Company Overview
            13.2.3.2    Product Portfolio
            13.2.3.3    Demographic Reach and Achievements
            13.2.3.4    Certifications
        13.2.4    BASF SE
            13.2.4.1    Company Overview
            13.2.4.2    Product Portfolio
            13.2.4.3    Demographic Reach and Achievements
            13.2.4.4    Certifications
        13.2.5    Södra Skogsägarna
            13.2.5.1    Company Overview
            13.2.5.2    Product Portfolio
            13.2.5.3    Demographic Reach and Achievements
            13.2.5.4    Certifications
        13.2.6    New Fuel A/S
            13.2.6.1    Company Overview
            13.2.6.2    Product Portfolio
            13.2.6.3    Demographic Reach and Achievements
            13.2.6.4    Certifications
        13.2.7    Others
14    Key Trends and Developments in the Market


List of Figures and Tables

1.    Europe Renewable Methanol Market: Key Industry Highlights, 2018 and 2032
2.    Europe Renewable Methanol Market: Key Industry Highlights, 2018 and 2032
3.    Europe Renewable Methanol Historical Market: Breakup by Feedstock (USD Million), 2018-2023
4.    Europe Renewable Methanol Market Forecast: Breakup by Feedstock (USD Million), 2024-2032
5.    Europe Renewable Methanol Historical Market: Breakup by Process Techniques (USD Million), 2018-2023
6.    Europe Renewable Methanol Market Forecast: Breakup by Process Techniques (USD Million), 2024-2032
7.    Europe Renewable Methanol Historical Market: Breakup by Application (USD Million), 2018-2023
8.    Europe Renewable Methanol Market Forecast: Breakup by Application (USD Million), 2024-2032
9.    Europe Renewable Methanol Historical Market: Breakup by Country (USD Million), 2018-2023
10.    Europe Renewable Methanol Market Forecast: Breakup by Country (USD Million), 2024-2032
12.    United Kingdom Renewable Methanol Market: Key Industry Highlights, 2018 and 2032
13.    United Kingdom Renewable Methanol Historical Market: Breakup by Feedstock (USD Million), 2018-2023
14.    United Kingdom Renewable Methanol Market Forecast: Breakup by Feedstock (USD Million), 2024-2032
15.    United Kingdom Renewable Methanol Historical Market: Breakup by Process Techniques (USD Million), 2018-2023
16.    United Kingdom Renewable Methanol Market Forecast: Breakup by Process Techniques (USD Million), 2024-2032
17.    United Kingdom Renewable Methanol Historical Market: Breakup by Application (USD Million), 2018-2023
18.    United Kingdom Renewable Methanol Market Forecast: Breakup by Application (USD Million), 2024-2032
19.    Nordics Renewable Methanol Market: Key Industry Highlights, 2018 and 2032
18.    Nordics Renewable Methanol Historical Market: Breakup by Feedstock (USD Million), 2018-2023
19.    Nordics Renewable Methanol Market Forecast: Breakup by Feedstock (USD Million), 2024-2032
20.    Nordics Renewable Methanol Historical Market: Breakup by Process Techniques (USD Million), 2018-2023
21.    Nordics Renewable Methanol Market Forecast: Breakup by Process Techniques (USD Million), 2024-2032
22.    Nordics Renewable Methanol Historical Market: Breakup by Application (USD Million), 2018-2023
23.    Nordics Renewable Methanol Market Forecast: Breakup by Application (USD Million), 2024-2032
24.    Europe Renewable Methanol Market Structure

Key Questions Answered in the Report

In 2023, the market attained a volume of nearly 127.64 KMT.

The Europe renewable methanol market is projected to grow at a CAGR of 31.7% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach 1,521.50 KMT by 2032.

The major drivers of the market for renewable methanol in Europe include the strict restrictions by governments in the region on reducing carbon footprint, rising production of renewable methanol from industrial and agricultural waste, increasing demand for formaldehyde production, and widespread compound utilisation as marine fuel.

The expanding automotive industry, shifting trends toward sustainable energy sources, and implementation of low-carbon fuel initiatives to reduce carbon intensity are the key industry trends propelling the growth of the market.

The major players in the industry are Carbon Recycling International (CRI), Hy2gen AG, OCI N.V., Södra Skogsägarna, BASF SE, and New Fuel A/S, among others.

Renewable methanol can be produced from a variety of rich global resources. The CO2 from industrial exhaust streams or even air capture can provide the required carbon molecules to create the synthesis gas for the manufacturing of methanol.

Methanol is seen as a clean, sustainable fuel as opposed to petrochemicals. Due to its naturally clean-burning properties, it increases fuel efficiency when used in land or marine vehicles, reducing emissions.

Burning methanol typically results in nitrogen oxides, which are less harmful greenhouse gases. Also, methanol biodegrades quickly.

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