© 2016 Global Market Insights, Inc. USA. All Rights Reserved Renewable Methanol Market Size will witness a rapid growth to 2025

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  On the basis of end users, the renewable methanol market is segmented into chemicals, construction, transportation, power generation and others. Power generation is a major end user segment of methanol as government all across the globe are looking out for ways to reduce dependency on conventional fuels to achieve low fuel costs and to reduce carbon emissions globally. Some of the benefits offered by the product in power generation is its ability to offer utility fuel flexibility and ease of access at the site. There are many companies which have switched to methanol for power generation. For instance, Israel Electric Company has invested around USD 5 million in converting a 50MW turbine in a power generation plant to run through methanol.  Renewable methanol is derived from unconventional sources of energy such as from industrial wastage and biomass. The product is an ideal input for producing biodiesel which can also be blended in automotive fuels and processed as feedstock in many chemicals. Production process is very similar to traditional methanol in which carbon dioxide is replaced with carbon monoxide. Key Insights Renewable Methanol Market:

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Continued…  This has significantly propelled the demand of renewable based methanol in past few years. Also, the increasing conversion of industrial and agricultural wastages into renewable methanol is also anticipated to drive product demand during the forecast time frame. Biomass is a major source for producing methanol. It has created lucrative opportunities for renewable methanol market owing to its rising demand in producing variety of chemicals and solvents. Moreover, rising demand from formaldehyde production by using methanol is likely to drive product demand in near future  High cost of production coupled with lack of sufficient infrastructure required for the production process may pose obstacles in renewable methanol market growth path in the coming years. Furthermore, unavailability of desired agricultural feedstock to be used in bioethanol production and in biogas generation may pose challenges to product demand in near future.

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Major Companies Renewable Methanol Market: BioMCN Blue Fuel Energy Carbon Recycling International Inc Varmsland Methanol Chemrec AB Methanex Corporation BASF SE

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Europe and North America are likely to emerge as key renewable methanol market attributed to strict government policies about carbon emissions in the regions. Additionally, regulations in Europe regarding mandatory product usage and its blends in automobile industry is likely to accelerate regional product demand from 2019 to  Furthermore, the product is gaining prominence in nations including India and China owing to rising demand for alternative fuels for power generation in these countries so as to reduce dependence on fossil fuels for providing electricity to masses. China and Australia have highly focused in using methanol for fuel blending purposes. Myanmar and Philippines have also formulated several regulations aimed at mandating use of methanol for fuel blending. Regional Insights Renewable Methanol Market:

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