KEY FINDINGS
The Asia-Pacific renewable methanol market is projected to grow with a CAGR of 2.78% in terms of revenue, and 1.64% in terms of volume, across the forecast period of 2021 to 2028. The introduction of numerous energy and environment-related policies, incorporated with ongoing innovation and research, is expected to fuel the region's market growth.
MARKET INSIGHTS
The Asia-Pacific renewable methanol market growth is evaluated across Australia & New Zealand, South Korea, Indonesia, Japan, India, China, Thailand, Vietnam, and the rest of Asia-Pacific. Vietnam's growing energy consumption is attributed to rapid industrialization and economic developments in the country. Biomass is a prevalent resource, scattered across domestic smallholders as well as centralized regions. Numerous policies related to energy and the environment are also being implemented in Vietnam. These schemes primarily concentrate on targets, in addition to reflecting incentives, land or capital support, environmental protection fees, and tax reduction.
Australia is remarkably contributing towards the development of renewable methanol through dynamic research and innovation. The UWA methanol from Syngas Research and Development project aims to foster an enhanced and miniaturized process technology. This initiative would entail the synthesis of renewable methanol from biomass pyrolysis syngas. Additionally, the Bell Bay Renewable Methanol Project intends to manufacture renewable methanol by using renewable hydrogen. The Bioenergy Association, representing the New Zealand, Australian, and Pacific bioenergy sector, is the only member alliance in New Zealand. The association offers bioenergy-oriented information while encouraging the promotion of business expertise and capabilities. As a result, these factors are set to raise the demand for renewable methanol in the Asia-Pacific and thus fuel the market growth.
COMPETITIVE INSIGHTS
Gujarat Narmada Valley Fertilizers & Chemicals Ltd, Nordic Green, Methanex Corporation, Southern Chemical Corporation, Atlantic Methanol are among the prominent companies in the market.
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 cater 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 development