Dublin, March 05, 2024 (GLOBE NEWSWIRE) -- The "Europe Green Methanol Market, Competition, Forecast & Opportunities, 2018-2028" report has been added to ResearchAndMarkets.com's offering.
The Europe Green Methanol Market was valued at USD 71.76 Million in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 13.47% through 2028. Renewable methanol, commonly known as green methanol, is sourced from sustainable and renewable feedstock materials, with biomass and carbon dioxide being notable examples. The production of green methanol places a strong emphasis on environmental sustainability, making it a preferred alternative to conventional methanol. Its applications span from being a renewable fuel to a crucial raw material in various chemical processes. Notably, green methanol is lauded for its low-carbon characteristics, significantly reducing the emission of greenhouse gases into the environment. This environmentally friendly attribute positions it as a critical component in the ongoing endeavors to combat climate change and diminish the carbon footprint associated with traditional methanol production and usage. The convergence of these factors collectively contributes to the growth of the Europe Green Methanol Market within the forecast period.
Key Market Drivers
- Rushing Demand for Green Methanol as Fuel Grade
- Rising Demand for Green Methanol as a Chemical Feedstock
- Growing Demand for Green Methanol as a Renewable Energy Storage Solution
Key Market Challenges
- High Production Costs
- Energy Source Variability
Report Scope:
In this report, the Europe Green Methanol Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Europe Green Methanol Market, By Feedstock:
- CO2 Emission
- Municipal Solid Waste
- Agricultural Waste
- Forestry Residues
- Others
Europe Green Methanol Market, By Type:
- E-Methanol
- Bio-Methanol
Europe Green Methanol Market, By Application:
- Fuel Grade
- Chemical Feedstock
- Others
Europe Green Methanol Market, By Country:
- Germany
- Denmark
- Netherlands
- Sweden
- France
- United Kingdom
- Austria
- Italy
- Spain
- Russia
A selection of companies mentioned in this report includes
- OCI N.V.
- Carbon Recycling International
- Sodra Skogsagarna
- BASF SE
- Thyssenkrupp AG
- Nordic Green ApS
For more information about this report visit https://www.researchandmarkets.com/r/mnfwxo
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