KEY FINDINGS
The Europe renewable methanol market is estimated to register a CAGR of 3.68% in terms of revenue, and 2.62% in terms of volume, across the forecast period of 2021 to 2028. The key factors driving market growth include increased electricity generation from renewable energy resources and the growing need for formaldehyde production.
MARKET INSIGHTS
The Europe renewable methanol market growth is assessed by studying Sweden, France, the United Kingdom, Denmark, Russia, Germany, Italy, and the rest of Europe. As one of the most prominent renewable methanol markets, Germany harbors nearly 90% of Europe's methanol industries. It is also one of the largest manufacturers of formaldehyde in the region. Most of the formaldehyde produced is utilized to manufacture phenol-formaldehyde resins, urea-formaldehyde resins, and polyoxymethylene. As a result, the country's market continually rises, owing to the chemical compound's growing demand. The need for such derivatives is rapidly increasing as they are used in the wood processing sector for plywood boards, car panels, and laminated boards.
Although the energy transition within the German electricity industry has already advanced substantially, the heat and transport sectors still possess vast growth potential. Besides, as a storage medium, renewable fuels like bio methanol have the added advantage of being independently generated and stored for a long time. As a result, methanol can be optimized as fuel for mobility, electricity generation, and heat. Therefore, these factors are attributed to the renewable methanol market growth in Europe during the forecasted years.
COMPETITIVE INSIGHTS
Some of the market's major companies are BASF SE, Innogy, Carbon Recycling International (CRI), Serenergy A/S, Atlantic Methanol, 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 development