KEY FINDINGS
The Canada renewable methanol market is anticipated to record a CAGR of 3.42% in terms of volume and 4.15% in terms of revenue during the forecasting years. Factors such as the presence of stringent regulations and the research efforts for developing renewable methanol production are attributed to the market growth of the country. The base year considered for the market study is 2020, and the estimated years are from 2021 to 2026.
MARKET INSIGHTS
The Canadian Methanol Corporation (CMC) has planned to establish a world-scale methanol plant at a massive production site acquired in northeastern British Columbia, Canada, named Sundance Fuels. The CMC’s ‘mega plant’ is anticipated to redefine natural gas into 1.8 million metric tons of value-added methanol annually. While the project’s total cost is CSD 2.2 billion, it would take an estimated three years to complete the construction of the plant.
On the other hand, the efforts established to minimize greenhouse emissions in the region include the Clean Fuel Standard by the Government of Canada as well as the California Low Carbon Fuel Standard (LCFS). These measures have also expanded into a regional agreement between Oregon, California, and British Columbia, Canada, in order to strategically align policies for the reduction of greenhouse gases. As a result, these factors are evaluated to propel the renewable methanol market in Canada during the forecast years.
COMPETITIVE INSIGHTS
Some of the major companies operating in the market are Methanex Corporation, BASF SE, Advanced Chemical Technologies, 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 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 developments