Renewable Methanol Market Development Trends, Threats, Future Outlook and Challenges till 2027

Renewable methanol is derived from renewable sources such as biomass, municipal waste, and industrial CO2. It is considered as a second-generation biofuel. Renewable methanol can be used as a transportation fuel or as feedstock in chemicals. This fuel emits less amount of carbon emission and can be used with motor fuels in order to improve their octane number. Power generation, manufacturing industries, and transportation are some of the major end-user of renewable methanol.

The growing use of fuel blended renewable methanol is expected to be a major trend in the market. According to the Coherent Market Insights analysis, the Philippines and Myanmar have passed various policies mandating the use of fuel blended with renewable methanol by the end of 2020. Thus growing used of fuel blended renewable methanol is expected to augment the market growth over the forecast period.

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Partnerships and collaborations are major trend observed in the market due to the growing focus of the manufacturer to expand its product portfolio and presence at the regional and global levels. For instance, in February 2019, Nouryon (formerly AkzoNobel Specialty Chemicals) and Gasunie have entered into a partnership to supply green hydrogen to BioMCN for the production of renewable methanol from CO2, a raw material for biofuels and a variety of chemical feedstocks.

Detailed Segmentation:

Global Mineral Salt Ingredients Market, By Primary Source:
Biomass
Municipal Waste
Industrial Waste
Others

Global Mineral Salt Ingredients Market, By Application:
Formaldehyde
Methyl tert-butyl ether (MTBE)
Gasoline
Dimethyl Ether
Solvents
Others

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Key companies covered as a part of this study include Methanex Corporation, Carbon Recycling International, BioMCN, Enerkem, Chemrec Inc., and Varmlands Methanol

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