Market by Application, Feedstock, End-user, and Country Outlook | Forecast 2022-2028
Triton Market Research’s
report predicts the Middle East and Africa renewable methanol market to advance
in revenue and volume with a CAGR of
4.72% and 2.92%, respectively, during the forecast years 2022-2028.
Report scope can be customized per your requirements. Request For Customization
The
countries evaluated in this region include:
•
The United Arab Emirates
•
Saudi Arabia
•
Kuwait
•
South Africa
•
Rest of Middle East & Africa
Kuwait
captures a major market share in the renewable methanol market. Several companies in the region are striving to
generate renewable methanol. Along with this, numerous top producing renewable
methanol plants are situated in the region, especially in Kuwait and Saudi
Arabia. Moreover, the presence of prominent companies like BASF SE has fueled
the production of bio-methanol. Therefore, as mentioned above, these factors
are major drivers responsible for the market’s growth.
Kuwait has increased efforts to develop
non-associated natural gas fields to diversify its oil-based economy. Here,
higher natural gas production would help the nation’s feedstock for the
struggling electricity industry. The electricity industry frequently fails to
generate electricity during peak hours. As a result, the country’s natural gas
usage has surged significantly over the past few years, leading to a reduction
in petroleum and other liquid use. Hence, the rising demand for renewable
resources for electricity generation creates novel opportunities for the
renewable methanol market.
As per Proman, the world’s second-largest
methanol manufacturer, the UAE’s first methanol manufacturing plant would cost
between $1.8 billion and $2 billion. Moreover, this plant is expected to be
expanded to meet the rising international demand, especially in the maritime
industry. The company is working with Adnoc and ADQ on this project. Thus, such
steps undertaken by companies are set to fuel the market’s growth over the
forecast period.
Forest residual biomass like leaves, branches,
and wood chips are used as feedstocks to manufacture biochemicals, such as
renewable methanol. Several companies use these products for generating
bio-methanol. For instance, Sodra is establishing a plant to produce
bio-methanol from its pulp mill manufacturing. The market is examined based on feedstock, end-user, and application. The
feedstock segment includes forestry residues, agricultural waste, Co2
emissions, municipal solid waste, and other feedstocks.
BASF
SE, Carbon Recycling International, Innogy, Nordic Green, OCI NV, and Enerkem
are some of the companies listed in the market.
BASF SE is among the major chemical companies.
Its product line includes chemicals, performance products, functional material
and solutions, oil and gas, and others. The company operates through multiple
business segments that contain 13 operating divisions managing 86 strategic
business units. The chemicals segment consists of basic chemicals and
intermediates. BASF has operations across numerous regions, including the
Middle East and Africa.
Key deliverables of the report:
●
Market CAGR during the forecasting years 2022-2028
●
Detailed data highlighting key insights, industry components, and
market strategies
● Comprehensive information and estimation of the renewable methanol
market revenue growth in the Middle East and Africa and its influence on the
parent market
●
In-depth study of forthcoming trends in consumer behavioral
patterns
●
A meticulous analysis of the competitive landscape, vendor
scorecard, and Porter’s Five Forces
● A wide-ranging study of factors that will challenge the Middle
East and Africa renewable methanol market’s growth during the upcoming years
Want to get specific insights? Our team of
analysts can customize this report based on your preferences. Connect with us here.
Market Segmented By Type, Appl ..
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Market By Raw Material, End-us ..
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Market by Technology, Type, En ..
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Market by Product, Industry Ve ..
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Market by Type, Material, Indu ..
VIEW REPORT1. MIDDLE
EAST AND AFRICA RENEWABLE METHANOL MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
OF COVID-19 ON THE RENEWABLE METHANOL MARKET
2.2. KEY
INSIGHTS
2.2.1. SUBSTITUTION
OF PRODUCTION MARINE FUELS WITH RENEWABLE METHANOL
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTES
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. MARKET
ATTRACTIVENESS INDEX
2.5. VENDOR
SCORECARD
2.6. REGULATORY
FRAMEWORK
2.7. KEY
MARKET STRATEGIES
2.7.1. PRODUCT
LAUNCHES
2.7.2. PARTNERSHIPS
2.7.3. BUSINESS
EXPANSIONS
2.8. MARKET
DRIVERS
2.8.1. AVAILABILITY
OF RENEWABLE METHANOL
2.8.2. STRINGENT
GOVERNMENT RULES AND REGULATION
2.9. MARKET
CHALLENGES
2.9.1. HEALTH
CONCERNS
2.9.2. HIGH
INSTALLATION COST
2.10. MARKET
OPPORTUNITIES
2.10.1. SHIFTING
TREND TOWARD SUSTAINABLE ENERGY SOURCE
3. MIDDLE
EAST AND AFRICA RENEWABLE METHANOL MARKET OUTLOOK - BY APPLICATION
3.1. FORMALDEHYDE
3.2. DME
& MTBE
3.3. GASOLINE
3.4. SOLVENTS
3.5. OTHER
APPLICATIONS
4. MIDDLE
EAST AND AFRICA RENEWABLE METHANOL MARKET OUTLOOK - BY FEEDSTOCK
4.1. AGRICULTURAL
WASTE
4.2. FORESTRY
RESIDUES
4.3. MUNICIPAL
SOLID WASTE
4.4. CO2
EMISSIONS
4.5. OTHER
FEEDSTOCKS
5. MIDDLE
EAST AND AFRICA RENEWABLE METHANOL MARKET OUTLOOK - BY END-USER
5.1. CHEMICAL
5.2. TRANSPORTATION
5.3. POWER
GENERATION
5.4. OTHER
END-USERS
6. MIDDLE
EAST AND AFRICA RENEWABLE METHANOL MARKET – COUNTRY OUTLOOK
6.1. SAUDI
ARABIA
6.2. UAE
6.3. SOUTH
AFRICA
6.4. KUWAIT
6.5. REST
OF MIDDLE EAST & AFRICA
7. COMPETITIVE
LANDSCAPE
7.1. ADVANCED
CHEMICAL TECHNOLOGIES
7.2. BASF
SE
7.3. CARBON
RECYCLING INTERNATIONAL
7.4. ENERKEM
7.5. FRAUNHOFER
7.6. INNOGY
7.7. NORDIC
GREEN
7.8. OCI
NV
7.9. SERENERGY
SV
7.10. SODRA
7.11. METHANEX
CORPORATION
7.12. METHANOL
HOLDINGS (TRINIDAD) LTD
7.13. GUJARAT
NARMADA VALLEY FERTILIZERS & CHEMICALS LIMITED
7.14. SOUTHERN
CHEMICAL CORPORATION
7.15. ATLANTIC
METHANOL
8. RESEARCH
METHODOLOGY & SCOPE
8.1. RESEARCH
SCOPE & DELIVERABLES
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE 1: MIDDLE EAST AND
AFRICA RENEWABLE METHANOL MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)
TABLE 2: MIDDLE EAST AND
AFRICA RENEWABLE METHANOL MARKET, BY COUNTRY, 2022-2028 (IN KILOTON)
TABLE 3: VENDOR
SCORECARD
TABLE 4: LIST OF
PRODUCT LAUNCHES
TABLE 5: LIST OF
PARTNERSHIPS
TABLE 6: LIST OF
BUSINESS EXPANSIONS
TABLE 7: MIDDLE EAST AND
AFRICA RENEWABLE METHANOL MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)
TABLE 8: MIDDLE EAST AND
AFRICA RENEWABLE METHANOL MARKET, BY APPLICATION, 2022-2028 (IN KILOTON)
TABLE 9: MIDDLE EAST AND
AFRICA RENEWABLE METHANOL MARKET, BY FEEDSTOCK, 2022-2028 (IN $ MILLION)
TABLE 10: MIDDLE EAST AND
AFRICA RENEWABLE METHANOL MARKET, BY FEEDSTOCK, 2022-2028 (IN KILOTON)
TABLE 11: MIDDLE EAST AND
AFRICA RENEWABLE METHANOL MARKET, BY END-USER, 2022-2028 (IN $ MILLION)
TABLE 12: MIDDLE EAST AND
AFRICA RENEWABLE METHANOL MARKET, BY END-USER, 2022-2028 (IN KILOTON)
TABLE 13: MIDDLE EAST AND
AFRICA RENEWABLE METHANOL MARKET, BY COUNTRY, 2022-2028 (IN $ MILLION)
TABLE 14: MIDDLE EAST AND
AFRICA RENEWABLE METHANOL MARKET, BY COUNTRY, 2022-2028 (IN KILOTON)
FIGURE 1: MARKET
ATTRACTIVENESS INDEX
FIGURE 2: MIDDLE EAST AND
AFRICA RENEWABLE METHANOL MARKET, APPLICATION OUTLOOK, 2021 & 2028 (IN %)
FIGURE 3: MIDDLE EAST AND
AFRICA RENEWABLE METHANOL MARKET, BY FORMALDEHYDE, 2022-2028 (IN $ MILLION)
FIGURE 4: MIDDLE EAST AND
AFRICA RENEWABLE METHANOL MARKET, BY DME & MTBE, 2022-2028 (IN $ MILLION)
FIGURE 5: MIDDLE EAST AND
AFRICA RENEWABLE METHANOL MARKET, BY GASOLINE, 2022-2028 (IN $ MILLION)
FIGURE 6: MIDDLE EAST AND
AFRICA RENEWABLE METHANOL MARKET, BY SOLVENTS, 2022-2028 (IN $ MILLION)
FIGURE 7: MIDDLE EAST AND
AFRICA RENEWABLE METHANOL MARKET, BY OTHER APPLICATIONS, 2022-2028 (IN $
MILLION)
FIGURE 8: MIDDLE EAST AND
AFRICA RENEWABLE METHANOL MARKET, FEEDSTOCK OUTLOOK, 2021 & 2028 (IN %)
FIGURE 9: MIDDLE EAST AND
AFRICA RENEWABLE METHANOL MARKET, BY AGRICULTURAL WASTE, 2022-2028 (IN $
MILLION)
FIGURE 10: MIDDLE EAST AND
AFRICA RENEWABLE METHANOL MARKET, BY FORESTRY RESIDUES, 2022-2028 (IN $
MILLION)
FIGURE 11: MIDDLE EAST AND
AFRICA RENEWABLE METHANOL MARKET, BY MUNICIPAL SOLID WASTE, 2022-2028 (IN $
MILLION)
FIGURE 12: MIDDLE EAST AND
AFRICA RENEWABLE METHANOL MARKET, BY CO2 EMISSIONS, 2022-2028 (IN $ MILLION)
FIGURE 13: MIDDLE EAST AND
AFRICA RENEWABLE METHANOL MARKET, BY OTHER FEEDSTOCKS, 2022-2028 (IN $ MILLION)
FIGURE 14: MIDDLE EAST AND
AFRICA RENEWABLE METHANOL MARKET, END-USER OUTLOOK, 2021 & 2028 (IN %)
FIGURE 15: MIDDLE EAST AND
AFRICA RENEWABLE METHANOL MARKET, BY CHEMICAL, 2022-2028 (IN $ MILLION)
FIGURE 16: MIDDLE EAST AND
AFRICA RENEWABLE METHANOL MARKET, BY TRANSPORTATION, 2022-2028 (IN $ MILLION)
FIGURE 17: MIDDLE EAST AND
AFRICA RENEWABLE METHANOL MARKET, BY POWER GENERATION, 2022-2028 (IN $ MILLION)
FIGURE 18: MIDDLE EAST AND
AFRICA RENEWABLE METHANOL MARKET, BY OTHER END-USERS, 2022-2028 (IN $ MILLION)
FIGURE 19: MIDDLE EAST AND
AFRICA RENEWABLE METHANOL MARKET, REGIONAL OUTLOOK, 2021 & 2028 (IN %)
FIGURE 20: SAUDI ARABIA
RENEWABLE METHANOL MARKET 2022-2028 (IN $ MILLION)
FIGURE 21: UAE
RENEWABLE METHANOL MARKET 2022-2028 (IN $ MILLION)
FIGURE 22: SOUTH AFRICA
RENEWABLE METHANOL MARKET 2022-2028 (IN $ MILLION)
FIGURE 23: KUWAIT
RENEWABLE METHANOL MARKET 2022-2028 (IN $ MILLION)
FIGURE 24: REST OF
MIDDLE EAST & AFRICA RENEWABLE METHANOL MARKET 2022-2028 (IN $ MILLION)