Asia-pacific Renewable Methanol Market Forecast 2024-2032

The Asia-Pacific renewable methanol market is projected to record a 2.74% CAGR in terms of volume and 3.93% in terms of revenue during 2024-2032. Some of the key factors propelling the growth of the regional market include the rising use of methanol as a transportation fuel in developing countries such as China, the surging consumption of renewable methanol, and the collaborations between leading methanol technology providers.

MARKET INSIGHTS

The Asia-Pacific renewable methanol market growth assessment includes the analysis of Thailand, South Korea, Indonesia, Australia & New Zealand, Vietnam, Japan, India, China, and Rest of Asia-Pacific. As per the planning commission of India, five DME plants, five methanol plants on the basis of high ash coal, as well as one natural gas-based methanol production plant are planned to be established in a joint venture with Israel. Cochin Shipyard Limited has constructed seven cargo vessels and three boats for the Inland Waterways Authority of India for using methanol as a marine fuel, particularly for the inland waterways program.

Furthermore, industries like BHEL and Thermax, in addition to educational institutions like IIT Delhi and IISc Bengaluru, are establishing efforts for the development of technologies for renewable methanol production. The Ministry of Road Transport, Highways, and Shipping has also launched its pilot project for purchasing forty buses running on methanol for Mumbai, Navi Mumbai, Pune, and Guwahati. Therefore, these factors are estimated to propel the renewable methanol market growth in the Asia-Pacific over the forecasting years.

COMPETITIVE INSIGHTS

The main companies operating in the market are SerEnergy A/S, Fraunhofer, BASF SE, etc.

Our report offerings include:

Explore key findings of the overall market
Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
Market Segmentation caters to a thorough assessment of key segments with their market estimations
Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

Product Code: 85302

1. RESEARCH SCOPE & METHODOLOGY

1.1. STUDY OBJECTIVES
1.2. METHODOLOGYs
1.3. ASSUMPTIONS & LIMITATIONS

2. EXECUTIVE SUMMARY

2.1. MARKET SIZE & ESTIMATES
2.2. MARKET OVERVIEW
2.3. SCOPE OF STUDY
2.4. CRISIS SCENARIO ANALYSIS
- 2.4.1. IMPACT OF COVID-19 ON RENEWABLE METHANOL MARKET
2.5. MAJOR MARKET FINDINGS
- 2.5.1. RENEWABLE METHANOL GAINS TRACTION AS A CHEMICAL FEEDSTOCK
- 2.5.2. GROWING USE AS A BLENDING COMPONENT IN FUELS
- 2.5.3. GEOGRAPHIC EXPANSION BEYOND TRADITIONAL MARKETS
- 2.5.4. INCREASED INVESTMENT IN R&D FOR PROCESS ENHANCEMENT

3. MARKET DYNAMICS

3.1. KEY DRIVERS
- 3.1.1. GROWING EMPHASIS ON REDUCING GREENHOUSE GAS EMISSIONS AND ACHIEVING CARBON NEUTRALITY
- 3.1.2. ONGOING ADVANCEMENTS IN RENEWABLE ENERGY TECHNOLOGIES AND PROCESSES
- 3.1.3. SUPPORTIVE REGULATORY FRAMEWORKS, SUBSIDIES, AND INCENTIVES
3.2. KEY RESTRAINTS
- 3.2.1. ESTABLISHMENT OF PRODUCTION PLANTS REQUIRES SIGNIFICANT UPFRONT CAPITAL INVESTMENT
- 3.2.2. COMPETITION FROM FOSSIL-BASED METHANOL REMAINS STRONG
- 3.2.3. LIMITED AVAILABILITY OF COST-EFFECTIVE FEEDSTOCKS

4. KEY ANALYTICS

4.1. KEY MARKET TRENDS
- 4.1.1. EXPANSION OF PRODUCTION CAPACITIES BY KEY PLAYERS
- 4.1.2. GROWING PARTNERSHIPS TO DEVELOP INTEGRATED VALUE CHAINS
- 4.1.3. FOCUS ON CARBON RECYCLING FOR SUSTAINABLE PRODUCTION
- 4.1.4. RISING APPLICATION IN TRANSPORTATION SECTORS
4.2. PORTER'S FIVE FORCES ANALYSIS
- 4.2.1. BUYERS POWER
- 4.2.2. SUPPLIERS POWER
- 4.2.3. SUBSTITUTION
- 4.2.4. NEW ENTRANTS
- 4.2.5. INDUSTRY RIVALRY
4.3. GROWTH PROSPECT MAPPING
4.4. MARKET MATURITY ANALYSIS
4.5. MARKET CONCENTRATION ANALYSIS
4.6. VALUE CHAIN ANALYSIS
- 4.6.1. FEEDSTOCK ACQUISITION
- 4.6.2. CONVERSION PROCESS
- 4.6.3. DISTRIBUTION AND LOGISTICS
- 4.6.4. END-USE APPLICATIONS
4.7. REGULATORY FRAMEWORK

5. MARKET BY FEEDSTOCK

5.1. AGRICULTURAL WASTE
- 5.1.1. MARKET FORECAST FIGURE
- 5.1.2. SEGMENT ANALYSIS
5.2. FORESTRY RESIDUES
- 5.2.1. MARKET FORECAST FIGURE
- 5.2.2. SEGMENT ANALYSIS
5.3. MUNICIPAL SOLID WASTE
- 5.3.1. MARKET FORECAST FIGURE
- 5.3.2. SEGMENT ANALYSIS
5.4. CO2 EMISSION
- 5.4.1. MARKET FORECAST FIGURE
- 5.4.2. SEGMENT ANALYSIS
5.5. OTHER FEEDSTOCKS
- 5.5.1. MARKET FORECAST FIGURE
- 5.5.2. SEGMENT ANALYSIS

6. MARKET BY APPLICATION

6.1. FORMALDEHYDE
- 6.1.1. MARKET FORECAST FIGURE
- 6.1.2. SEGMENT ANALYSIS
6.2. DIMETHYL ETHER (DME) & METHYL TERT-BUTYL ETHER (MTBE)
- 6.2.1. MARKET FORECAST FIGURE
- 6.2.2. SEGMENT ANALYSIS
6.3. GASOLINE
- 6.3.1. MARKET FORECAST FIGURE
- 6.3.2. SEGMENT ANALYSIS
6.4. SOLVENT
- 6.4.1. MARKET FORECAST FIGURE
- 6.4.2. SEGMENT ANALYSIS
6.5. OTHER APPLICATIONS
- 6.5.1. MARKET FORECAST FIGURE
- 6.5.2. SEGMENT ANALYSIS

7. MARKET BY END-USER

7.1. CHEMICAL
- 7.1.1. MARKET FORECAST FIGURE
- 7.1.2. SEGMENT ANALYSIS
7.2. TRANSPORTATION
- 7.2.1. MARKET FORECAST FIGURE
- 7.2.2. SEGMENT ANALYSIS
7.3. POWER GENERATION
- 7.3.1. MARKET FORECAST FIGURE
- 7.3.2. SEGMENT ANALYSIS
7.4. OTHER END-USERS
- 7.4.1. MARKET FORECAST FIGURE
- 7.4.2. SEGMENT ANALYSIS

8. GEOGRAPHICAL ANALYSIS

8.1. ASIA-PACIFIC
- 8.1.1. MARKET SIZE & ESTIMATES
- 8.1.2. ASIA-PACIFIC RENEWABLE METHANOL MARKET DRIVERS
- 8.1.3. ASIA-PACIFIC RENEWABLE METHANOL MARKET CHALLENGES
- 8.1.4. KEY PLAYERS IN ASIA-PACIFIC RENEWABLE METHANOL MARKET
- 8.1.5. COUNTRY ANALYSIS
  - 8.1.5.1. CHINA
  - 8.1.5.1.1. CHINA RENEWABLE METHANOL MARKET SIZE & OPPORTUNITIES
  - 8.1.5.2. JAPAN
  - 8.1.5.2.1. JAPAN RENEWABLE METHANOL MARKET SIZE & OPPORTUNITIES
  - 8.1.5.3. INDIA
  - 8.1.5.3.1. INDIA RENEWABLE METHANOL MARKET SIZE & OPPORTUNITIES
  - 8.1.5.4. SOUTH KOREA
  - 8.1.5.4.1. SOUTH KOREA RENEWABLE METHANOL MARKET SIZE & OPPORTUNITIES
  - 8.1.5.5. INDONESIA
  - 8.1.5.5.1. INDONESIA RENEWABLE METHANOL MARKET SIZE & OPPORTUNITIES
  - 8.1.5.6. THAILAND
  - 8.1.5.6.1. THAILAND RENEWABLE METHANOL MARKET SIZE & OPPORTUNITIES
  - 8.1.5.7. VIETNAM
  - 8.1.5.7.1. VIETNAM RENEWABLE METHANOL MARKET SIZE & OPPORTUNITIES
  - 8.1.5.8. AUSTRALIA & NEW ZEALAND
  - 8.1.5.8.1. AUSTRALIA & NEW ZEALAND RENEWABLE METHANOL MARKET SIZE & OPPORTUNITIES
  - 8.1.5.9. REST OF ASIA-PACIFIC
  - 8.1.5.9.1. REST OF ASIA-PACIFIC RENEWABLE METHANOL MARKET SIZE & OPPORTUNITIES

9. COMPETITIVE LANDSCAPE

9.1. KEY STRATEGIC DEVELOPMENTS
- 9.1.1. PRODUCT LAUNCHES & DEVELOPMENTS
- 9.1.2. PARTNERSHIPS & AGREEMENTS
- 9.1.3. BUSINESS EXPANSIONS & DIVESTITURES
9.2. COMPANY PROFILES
- 9.2.1. ADVANCED CHEMICAL TECHNOLOGIES
  - 9.2.1.1. COMPANY OVERVIEW
  - 9.2.1.2. PRODUCT LIST
  - 9.2.1.3. STRENGTHS & CHALLENGES
- 9.2.2. BASF SE
  - 9.2.2.1. COMPANY OVERVIEW
  - 9.2.2.2. PRODUCT LIST
  - 9.2.2.3. STRENGTHS & CHALLENGES
- 9.2.3. CARBON RECYCLING INTERNATIONAL (CRI)
  - 9.2.3.1. COMPANY OVERVIEW
  - 9.2.3.2. PRODUCT LIST
  - 9.2.3.3. STRENGTHS & CHALLENGES
- 9.2.4. ENERKEM
  - 9.2.4.1. COMPANY OVERVIEW
  - 9.2.4.2. PRODUCT LIST
  - 9.2.4.3. STRENGTHS & CHALLENGES
- 9.2.5. FRAUNHOFER
  - 9.2.5.1. COMPANY OVERVIEW
  - 9.2.5.2. PRODUCT LIST
  - 9.2.5.3. STRENGTHS & CHALLENGES
- 9.2.6. INNOGY
  - 9.2.6.1. COMPANY OVERVIEW
  - 9.2.6.2. PRODUCT LIST
  - 9.2.6.3. STRENGTHS & CHALLENGES
- 9.2.7. NORDIC GREEN
  - 9.2.7.1. COMPANY OVERVIEW
  - 9.2.7.2. PRODUCT LIST
  - 9.2.7.3. STRENGTHS & CHALLENGES
- 9.2.8. OCI NV
  - 9.2.8.1. COMPANY OVERVIEW
  - 9.2.8.2. PRODUCT LIST
  - 9.2.8.3. STRENGTHS & CHALLENGES
- 9.2.9. SERENERGY A/S
  - 9.2.9.1. COMPANY OVERVIEW
  - 9.2.9.2. PRODUCT LIST
  - 9.2.9.3. STRENGTHS & CHALLENGES
- 9.2.10. SODRA
  - 9.2.10.1. COMPANY OVERVIEW
  - 9.2.10.2. PRODUCT LIST
  - 9.2.10.3. STRENGTHS & CHALLENGES
- 9.2.11. UNIPER SE
  - 9.2.11.1. COMPANY OVERVIEW
  - 9.2.11.2. PRODUCT LIST
  - 9.2.11.3. STRENGTHS & CHALLENGES
- 9.2.12. VERTIMASS LLC
  - 9.2.12.1. COMPANY OVERVIEW
  - 9.2.12.2. PRODUCT LIST
  - 9.2.12.3. STRENGTHS & CHALLENGES

Product Code: 85302

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT - RENEWABLE METHANOL
TABLE 2: REGULATORY FRAMEWORK
TABLE 3: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY FEEDSTOCK, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 4: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY FEEDSTOCK, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 5: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY FEEDSTOCK, HISTORICAL YEARS, 2018-2022 (IN KILOTONS)
TABLE 6: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY FEEDSTOCK, FORECAST YEARS, 2024-2032 (IN KILOTONS)
TABLE 7: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 8: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY APPLICATION, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 9: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN KILOTONS)
TABLE 10: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY APPLICATION, FORECAST YEARS, 2024-2032 (IN KILOTONS)
TABLE 11: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY END-USER, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 12: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY END-USER, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 13: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY END-USER, HISTORICAL YEARS, 2018-2022 (IN KILOTONS)
TABLE 14: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY END-USER, FORECAST YEARS, 2024-2032 (IN KILOTONS)
TABLE 15: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 16: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY COUNTRY, FORECAST YEARS, 2024-2032 (IN $ MILLION)
TABLE 17: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN KILOTONS)
TABLE 18: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY COUNTRY, FORECAST YEARS, 2024-2032 (IN KILOTONS)
TABLE 19: KEY PLAYERS OPERATING IN ASIA-PACIFIC RENEWABLE METHANOL MARKET
TABLE 20: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 21: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 22: 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: ASIA-PACIFIC RENEWABLE METHANOL MARKET, GROWTH POTENTIAL, BY FEEDSTOCK, IN 2023
FIGURE 10: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY AGRICULTURAL WASTE, 2024-2032 (IN $ MILLION)
FIGURE 11: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY AGRICULTURAL WASTE, 2024-2032 (IN KILOTONS)
FIGURE 12: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY FORESTRY RESIDUES, 2024-2032 (IN $ MILLION)
FIGURE 13: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY FORESTRY RESIDUES, 2024-2032 (IN KILOTONS)
FIGURE 14: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY MUNICIPAL SOLID WASTE, 2024-2032 (IN $ MILLION)
FIGURE 15: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY MUNICIPAL SOLID WASTE, 2024-2032 (IN KILOTONS)
FIGURE 16: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY CO2 EMISSION, 2024-2032 (IN $ MILLION)
FIGURE 17: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY CO2 EMISSION, 2024-2032 (IN KILOTONS)
FIGURE 18: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY OTHER FEEDSTOCKS, 2024-2032 (IN $ MILLION)
FIGURE 19: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY OTHER FEEDSTOCKS, 2024-2032 (IN KILOTONS)
FIGURE 20: ASIA-PACIFIC RENEWABLE METHANOL MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2023
FIGURE 21: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY FORMALDEHYDE, 2024-2032 (IN $ MILLION)
FIGURE 22: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY FORMALDEHYDE, 2024-2032 (IN KILOTONS)
FIGURE 23: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY DIMETHYL ETHER (DME) & METHYL TERT-BUTYL ETHER (MTBE), 2024-2032 (IN $ MILLION)
FIGURE 24: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY DIMETHYL ETHER (DME) & METHYL TERT-BUTYL ETHER (MTBE), 2024-2032 (IN KILOTONS)
FIGURE 25: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY GASOLINE, 2024-2032 (IN $ MILLION)
FIGURE 26: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY GASOLINE, 2024-2032 (IN KILOTONS)
FIGURE 27: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY SOLVENT, 2024-2032 (IN $ MILLION)
FIGURE 28: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY SOLVENT, 2024-2032 (IN KILOTONS)
FIGURE 29: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY OTHER APPLICATIONS, 2024-2032 (IN $ MILLION)
FIGURE 30: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY OTHER APPLICATIONS, 2024-2032 (IN KILOTONS)
FIGURE 31: ASIA-PACIFIC RENEWABLE METHANOL MARKET, GROWTH POTENTIAL, BY END-USER, IN 2023
FIGURE 32: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY CHEMICAL, 2024-2032 (IN $ MILLION)
FIGURE 33: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY CHEMICAL, 2024-2032 (IN KILOTONS)
FIGURE 34: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY TRANSPORTATION, 2024-2032 (IN $ MILLION)
FIGURE 35: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY TRANSPORTATION, 2024-2032 (IN KILOTONS)
FIGURE 36: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY POWER GENERATION, 2024-2032 (IN $ MILLION)
FIGURE 37: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY POWER GENERATION, 2024-2032 (IN KILOTONS)
FIGURE 38: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY OTHER END-USERS, 2024-2032 (IN $ MILLION)
FIGURE 39: ASIA-PACIFIC RENEWABLE METHANOL MARKET, BY OTHER END-USERS, 2024-2032 (IN KILOTONS)
FIGURE 40: ASIA-PACIFIC RENEWABLE METHANOL MARKET, COUNTRY OUTLOOK, 2023 & 2032 (IN %)
FIGURE 41: CHINA RENEWABLE METHANOL MARKET, 2024-2032 (IN $ MILLION)
FIGURE 42: JAPAN RENEWABLE METHANOL MARKET, 2024-2032 (IN $ MILLION)
FIGURE 43: INDIA RENEWABLE METHANOL MARKET, 2024-2032 (IN $ MILLION)
FIGURE 44: SOUTH KOREA RENEWABLE METHANOL MARKET, 2024-2032 (IN $ MILLION)
FIGURE 45: INDONESIA RENEWABLE METHANOL MARKET, 2024-2032 (IN $ MILLION)
FIGURE 46: THAILAND RENEWABLE METHANOL MARKET, 2024-2032 (IN $ MILLION)
FIGURE 47: VIETNAM RENEWABLE METHANOL MARKET, 2024-2032 (IN $ MILLION)
FIGURE 48: AUSTRALIA & NEW ZEALAND RENEWABLE METHANOL MARKET, 2024-2032 (IN $ MILLION)
FIGURE 49: REST OF ASIA-PACIFIC RENEWABLE METHANOL MARKET, 2024-2032 (IN $ MILLION)