The global Bio Methanol market was valued at 50.53 Million USD in 2021 and will grow with a CAGR of 24.55% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Bio methanol (also called renewable methanol) is chemically identical to conventional methanol. The main advantage of bio-methanol is the reduction of fossil fuel use and greenhouse gas emissions compared to conventional methanol production, and the possibility to convert into bio-methanol (by gasification) a range of renewable feedstock.Bio methanol is a technical industry. Currently, there are several producing companies in the world bio methanol industry. The main players are BioMCN, Carbon Recycling International and Enerkem. The global sales of bio methanol will increase to 83865 MT in 2018 from 20830 MT in 2013. In consumption market, Western Europe and Northern Europe are the mainly consumption regions due to the bigger demand of downstream applications. In 2017, these two regions occupied 74.13% of the global consumption volume in total. Current bio-methanol demonstration projects focus mainly on using waste and by-product streams from other industrial processes as feedstock, which offer the best economics. With environmental effect of bio methanol, the downstream application industries will need more bio methanol products. So, bio methanol has a huge market potential in the future. The industrial scale production of ultra-low carbon intensity renewable methanol is concentrated in Iceland, Netherlands, and Canada. For example, in Iceland, Carbon Recycling International is capturing and reacting CO2 from geothermal power generation with renewable hydrogen produced via electrolysis into renewable methanol. In the Netherlands, BioMCN converts crude glycerine into advanced second generation bio-methanol. In Canada, bio-methanol is being produced from municipal solid waste feedstocks by Enerkem. Renewable methanol is fully miscible with conventional methanol and offers a highly scalable renewable liquid fuel and chemical pathway. We tend to believe this industry is a rising industry, and the consumption increasing degree will show a smooth growth curve. And the price presents decreasing trend according to the economy development status and international competition. Also, there is fluctuation in gross margin.

By Market Verdors:

BioMCN

Carbon Recycling International

Enerkem

By Types:

By-Product Sourced

Waste Sourced

By Applications:

MTBE

DME

Gasoline Blending

Bio-diesel

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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