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Asia Pacific Renewable Methanol Market Forecast 2019-2028

The Asia Pacific renewable methanol market is projected to grow with a CAGR of 1.86% in terms of revenue, and 1.34% in terms of volume, across the forecast period of 2019 to 2028. The introduction of numerous energy and environment-related policies, incorporated with ongoing innovation and research, fuel the region's market growth.

The Asia Pacific renewable methanol market growth is evaluated across Australia & New Zealand, South Korea, Indonesia, Japan, India, China, Thailand, Vietnam, and the rest of Asia Pacific. Vietnam's growing energy consumption is attributed to rapid industrialization and economic developments in the country. Biomass is a prevalent resource, scattered across smallholders in the country, as well as centralized regions. Numerous policies related to energy and environment are also being implemented in Vietnam. These schemes primarily concentrate on targets, in addition to reflecting incentives, land or capital support, environmental protection fees, and tax reduction.
Australia is remarkably contributing towards the development of renewable methanol, through dynamic research and innovation. The UWA methanol from Syngas Research and Development project, aims to foster an enhanced and miniaturized process technology. This initiative would entail the synthesis of renewable methanol from biomass pyrolysis syngas. Additionally, the Bell Bay Renewable Methanol Project intends to manufacture renewable methanol by using renewable hydrogen. The Bioenergy Association, representing the New Zealand, Australian and Pacific bioenergy sector, is the only member alliance in New Zealand. The association offers bioenergy-oriented information, while encouraging the promotion of business expertise and capabilities. As a result, these factors are raising the demand for renewable methanol in the region.

Gujarat Narmada Valley Fertilizers & Chemicals Ltd, Nordic Green, Methanex Corporation, Southern Chemical Corporation, Atlantic Methanol, are among the prominent companies in the market.

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Asia Pacific Renewable Methanol Market Forecast 2019-2028
Published By :Inkwood Research
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