Global Biomethanol Market Size, Share, Trends, Demand, Growth and Competitive Analysis 2030

The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.

In-Depth Market Overview of Global Biomethanol Market Industry (2024-2030):

According to the latest report, the Global Biomethanol Market size is estimated to grow at a CAGR of around 26.45% during the forecast period, i.e., 2024-30. The report demonstrates the prominent factors propelling the exponential growth of the Biomethanol Market.

Key Takeaways: Beneficial for Stakeholders and Clients

·        Historic Period: 2019-2022

·        Base year: 2023

·        Forecast Years: 2024-2030

·        CAGR (2024-30): 26.45%

Key Perks: “In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecasts for the years 2025 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.”

Download a sample PDF of this report to gain insights into the complete report structure :

 https://www.marknteladvisors.com/query/request-sample/biomethanol-market.html

What are the major Driver the Global Biomethanol Market industry?

Growing Adoption of Global Biomethanol in the Marine Industry – The marine industry is increasingly under pressure to lower its carbon footprint, most of which comes from the use of fossil fuels to run ocean transportation. According to the United Nations Conference on Trade and Development (UNCTAD) in 2022, the maritime sector presently accounts for about 2.8% of all global greenhouse gas (GHG) emissions, mainly due to its rapid growth, its dependence on carbon-intensive bunkers, and the sheer size of its business (more than 80% of the world merchandise trade by volume is transported by sea). As a result, governments across the globe are implementing regulations and policies for the marine industry to reduce carbon emissions.  For instance:

In 2023, the International Maritime Organization has set new indicative checkpoints for international shipping to reach net-zero GHG emissions for 2030 (by at least 20%, striving for 30%) and 2040 (by at least 70%, striving for 80%).  

This has led shipping companies to reduce their carbon emissions from their routine business operations. As a result, several marine companies, like Maersk, Evergreen, Cosco Shipping, etc., are setting targets to reduce emissions in the upcoming years. In addition to after-treatment systems, which allow the continued use of heavy fuel oils, the shipping industry has been looking into alternative fuels, among which renewable methanol is a primary alternative.

Biomethanol is considered one of the most significant alternative fuels for the marine industry. As a result, shipping companies like Maersk and Cosco Shipping Holdings are increasingly collaborating with and investing in biomethanol companies like European Energy, WasteFuel, Orstred, etc. to boost production and aim to increase their fleet's future. These growing collaborations, combined with rising regulations, would foster market growth in the upcoming years.

Global Biomethanol Market Segmentation

The Biomethanol Market analysis of MarkNtel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:

• By Feedstock
• Agriculture Waste- Market Size & Forecast 2019-2030, (Kilo Tons)
• Municipal Waste- Market Size & Forecast 2019-2030, (Kilo Tons)
• Forestry- Market Size & Forecast 2019-2030, (Kilo Tons)
• Black Liquor- Market Size & Forecast 2019-2030, (Kilo Tons)
• Others (Industrial waste, marine biomass, etc.)- Market Size & Forecast 2019-2030, (Kilo Tons)
• By Production Technology
• Gasification- Market Size & Forecast 2019-2030, (Kilo Tons)
• Reformer (Anaerobic Fermentation)- Market Size & Forecast 2019-2030, (Kilo Tons)
• Others (Syngas Fermentation, Pulping cycle in pulp mills, etc.)- Market Size & Forecast 2019-2030, (Kilo Tons)
• By Application
• Transportation (Biodiesel Blend, Fuel additive)- Market Size & Forecast 2019-2030, (Kilo Tons)
• Power Generation- Market Size & Forecast 2019-2030, (Kilo Tons)
• Chemical & Solvents- Market Size & Forecast 2019-2030, (Kilo Tons)
• Others (building materials, plastics, etc.)- Market Size & Forecast 2019-2030, (Kilo Tons)
• By End User
• Marine- Market Size & Forecast 2019-2030, (Kilo Tons)
• Power Utilities- Market Size & Forecast 2019-2030, (Kilo Tons)
• Agriculture- Market Size & Forecast 2019-2030, (Kilo Tons)
• Others (electronics, cosmetics, etc.)- Market Size & Forecast 2019-2030, (Kilo Tons)
• By Region
• North America
• Latin America
• Europe
• Asia-Pacific
• Rest of the World

As per the regional aspect, the Biomethanol Market is expected to be dominated by the North America by capturing the potential market share. 

Explore further details about this research report-

https://www.marknteladvisors.com/research-library/biomethanol-market.html

Top Companies in the Global Biomethanol Market

Carbon Recycling International (CRI), Enerkem, Sodra, Veolia, BASF, Methanex Corporation, Mitsubishi Chemicals, IMC Enric Holdings Limited (CIMC ENRIC), OCI Global, European Energy, Proman, Others

Global Biomethanol Industry Recent Development:

 

• 2024: BASF announced a collaboration with Envision Energy to develop further the conversion of green hydrogen and CO2 into e-methanol through an advanced, dynamic process design.

 

• 2023: Enerkem Inc., announced a collaboration with Dimeta, a joint venture between two of the largest off-grid energy suppliers, initiating feasibility studies for the development of two large-scale projects that will convert waste into renewable and recycled carbon dimethyl ether (DME).

 

• 2023: Enerkem Inc. signed a memorandum of understanding with Technip Energies to accelerate the deployment of Enerkem’s technology platform for biofuels and circular chemical products from non-recyclable waste materials.

Other reports:

ISOBUS Component Market

ISOBUS Component Market Size

ISOBUS Component Market Share

ISOBUS Component Market Scope

ISOBUS Component Market Demand

Why Markntel Advisor Report?

Well-known business Prospects: Our accurate analysis market research report serves as a treasure map for discovering potential markets and novel product avenues. Additionally, it facilitates comparisons of products and services.

Thoughtful Customer Insights: A market report provides the marketing department with an in-depth understanding of customer requirements and desires. This information is bound to enhance products, adjust pricing, and refine advertising strategies.

Empowering Data-Backed Judgement: Our comprehensive Market research encompasses a wide spectrum of activities, including precise market sizing, detailed segment analysis, accurate demand forecasting, competitor identification, and meticulous pricing trend monitoring.

Need personalized insights? Click here to customize this report-

https://www.marknteladvisors.com/query/request-customization/Biomethanol -market.html

For Further Queries:

Contact Us

MarkNtel Advisors

+1 628 895 8081, +91 120 4278433

sales@marknteladvisors.com

Corporate Office: Office No.109,

H-159, Sector 63, Noida, Uttar Pradesh - 201301, India