Product Code: CH 9091
The global Green Methanol market is projected to grow from USD 1.9 billion in 2024 to USD 11.1 billion by 2030, at a CAGR of 33.8% during the forecast period.
Scope of the Report |
Years Considered for the Study | 2021-2022 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Units Considered | Value (USD Million/Billion), Volume (Kilotons) |
Segments | Green Methanol by region, feedstock, applications and derivatives |
Regions covered | Europe, Asia Pacific, South America, North America, and Middle East & Africa |
This growth is propelled by stringent government regulations aimed at reducing carbon dioxide emissions and combating climate change. Green methanol, produced from renewable sources such as captured CO2 and renewable hydrogen, serves as a sustainable alternative to conventional methanol derived from fossil fuels. This regulatory environment incentivizes industries to adopt green methanol.
"By feedstock, the carbon capture and storgae is estimated to be the fastest-growing segment of green methanol market during 2024 to 2030 in terms of volume."
Carbon capture and storage (CCS) is growing quickly as a feedstock for green methanol because it helps reduce carbon emissions and provides a sustainable source of carbon dioxide (CO2) for making methanol. CCS technology captures CO2 from factories or the air, stores it underground to prevent it from adding to climate change, and then uses it along with renewable hydrogen to produce methanol.
The reason CCS is leading in growth is that it offers a cost-effective way to get CO2 for making methanol while meeting strict environmental rules. Governments are supporting CCS with incentives and taxes to encourage its use. As industries and economies focus more on cutting emissions, CCS is becoming a key part of making green methanol, helping industries become more sustainable.
"By application, fuel is estimated to be the fastest-growing segment of green methanol market during 2024 to 2030."
Fuel is expected to be the fastest-growing application segment in the green methanol market from 2024 to 2030.The fuel segment is anticipated to grow rapidly due to stricter environmental regulations and a shift towards sustainable energy. Green methanol provides a lower-carbon alternative for sectors like shipping, transportation (either blended with gasoline or used in specific engines), and power generation. Its high energy density and compatibility with existing infrastructure make it an attractive option for the transportation sector, facilitating easier adoption without significant infrastructure changes.changes.
"The green methanol market in North America region is projected to witness the highest CAGR during the forecast period."
North America is projected to witness the highest CAGR in the green methanol market during the forecast period. North America is expected to register the highest CAGR in the green methanol market from 2024 to 2030, driven by the European Union's ambitious climate goals and strict environmental regulations. North American companies are leading in green methanol production technology and infrastructure development, positioning them well to capture a larger market share.
Profile break-up of primary participants for the report:
- By Company Type: Tier 1 - 40%, Tier 2 - 20%, and Tier 3 - 40%
- By Designation: C-level Executives - 20%, Directors - 50%, and Others - 30%
- By Region: North America - 20%, Europe - 40%, Asia Pacific - 30%, the Middle East & Africa- 5%, and South America - 5%
Key players in the green methanol market include OCI (The Netherlands), Proman (Switzerland) and Sodra (Sweden), SunGas Renewables Inc. (US), ABEL Energy Pty Ltd. (Australia), Carbon Recycling International Inc. (Iceland), Petroliam Nasional Berhad (PETRONAS)(Malaysia), Mitsubishi Gas Chemical Company, Inc. (Japan), Methanex Corporation (Canada), Envision Energy (China), Alberta-Pacific Forest Industries Inc. (Canada), Enerkem (Canada) and others.
Research Coverage:
The report outlines, categorizes, and forecasts the green methanol market size across derivatives, sub-derivatives, end-uses, and geographical regions. It provides strategic profiles of major players, thoroughly examining their market presence and key strengths. Additionally, the report monitors and evaluates competitive activities such as acquisitions, agreements, investments, joint ventures, mergers, product launches, expansions, divestments, and partnerships undertaken by these players within the market.
Reasons to Buy the Report:
The report aims to assist market leaders and newcomers by offering precise revenue estimations for the green methanol market and its segments. It also provides stakeholders with a clearer view of the market's competitive landscape, helping them enhance their business positions and develop effective market strategies. Furthermore, the report enables stakeholders to grasp the market dynamics by highlighting key drivers, obstacles, challenges, and opportunities. Key insights provided by the report include:
- Analysis of key drivers (growing demand for sustainable fuels, increasing support for renewable energy sources), restraints (high production costs), opportunities (use of green methanol as an alternative fuel in marine and manufacturing industries technological advancements), and challenges (capital-intensive environment, volatility in feedstock prices) influencing the growth of the green methanol market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities in the green methanol market.
- Market Development: Comprehensive information about lucrative markets - the report analysesthe green methanol market across varied regions.
- Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the green methanol market.
- Competitive Assessment: Detailed analysis of market shares, growth strategies, and service offerings of top players such as Proman (Switzerland) and Sodra (Sweden) ,OCI (The Netherlands), SunGas Renewables Inc. (US), ABEL Energy Pty Ltd. (Australia), Carbon Recycling International Inc. (Iceland), Petroliam Nasional Berhad (PETRONAS)(Malaysia), Mitsubishi Gas Chemical Company, Inc. (Japan), Methanex Corporation (Canada), Envision Energy (China), Alberta-Pacific Forest Industries Inc. (Canada), Enerkem (Canada), among others in the green methanol market.
TABLE OF CONTENTS
1 INTRODUCTION
- 1.1 STUDY OBJECTIVES
- 1.2 COMPETITIVE INTELLIGENCE
- 1.3 MARKET DEFINITION
- 1.3.1 INCLUSIONS AND EXCLUSIONS
- 1.4 MARKET SCOPE
- 1.4.1 REGIONAL SCOPE
- 1.4.2 YEARS CONSIDERED
- 1.4.3 CURRENCY
- 1.4.4 UNIT CONSIDERED
- 1.5 RESEARCH LIMITATIONS
- 1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY
- 2.1 RESEARCH DATA
- 2.1.1 SECONDARY DATA
- 2.1.1.1 Key data from secondary sources
- 2.1.2 PRIMARY DATA
- 2.1.2.1 Key data from primary sources
- 2.1.2.2 Breakdown of primaries
- 2.2 MATRIX CONSIDERED FOR DEMAND SIDE
- 2.3 MARKET SIZE ESTIMATION
- 2.3.1 BOTTOM-UP APPROACH
- 2.3.2 TOP-DOWN APPROACH
- 2.3.2.1 Calculations for supply-side analysis
- 2.4 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST
- 2.5 DATA TRIANGULATION
- 2.6 IMPACT OF RECESSION
- 2.6.1 KEY ASSUMPTIONS FOR CALCULATION OF DEMAND-SIDE MARKET SIZE
- 2.6.2 LIMITATIONS
- 2.6.3 RISK ANALYSIS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
- 4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN GREEN METHANOL MARKET
- 4.2 GREEN METHANOL MARKET, BY REGION
- 4.3 GREEN METHANOL MARKET, BY APPLICATION
- 4.4 GREEN METHANOL MARKET, BY FEEDSTOCK
- 4.5 GREEN METHANOL MARKET, MAJOR COUNTRIES
5 MARKET OVERVIEW
- 5.1 INTRODUCTION
- 5.2 MARKET DYNAMICS
- 5.2.1 DRIVERS
- 5.2.1.1 Increasing demand for sustainable and renewable energy
- 5.2.1.2 Demand for green methanol in automotive and construction
- 5.2.2 RESTRAINTS
- 5.2.2.1 Competing fuel options - ethanol, hydrogen, biodiesel
- 5.2.3 OPPORTUNITIES
- 5.2.3.1 Green methanol as alternative fuel in marine and manufacturing industries
- 5.2.3.2 Green methanol fuel cells in transportation and energy sectors
- 5.2.4 CHALLENGES
- 5.2.4.1 Cost competitiveness to produce green methanol
- 5.2.4.2 Low consumer awareness about green methanol benefits
- 5.2.4.3 Infrastructure, scale, and efficiency limitations for production
- 5.3 PORTER'S FIVE FORCES ANALYSIS
- 5.3.1 BARGAINING POWER OF SUPPLIERS
- 5.3.2 BARGAINING POWER OF BUYERS
- 5.3.3 THREAT OF NEW ENTRANTS
- 5.3.4 THREAT OF SUBSTITUTES
- 5.3.5 INTENSITY OF COMPETITIVE RIVALRY
- 5.4 PRICING ANALYSIS
- 5.4.1 VALUE CHAIN ANALYSIS
- 5.4.2 ECOSYSTEM MAP
- 5.5 REGULATORY LANDSCAPE
- 5.5.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
- 5.6 TECHNOLOGY ANALYSIS
- 5.6.1 KEY TECHNOLOGIES
- 5.6.1.1 Bio-methanol and e-Methanol Production Technologies
- 5.6.2 ADJACENT TECHNOLOGIES
- 5.6.2.1 Grey, Brown, and Blue Methanol Production Technologies
- 5.6.3 KEY CONFERENCES AND EVENTS (2024 & 2025)
- 5.7 DATA
- 5.7.1 IMPORT DATA
- 5.7.2 EXPORT DATA
- 5.8 KEY STAKEHOLDERS AND BUYING CRITERIA
- 5.8.1 KEY STAKEHOLDERS IN BUYING PROCESS
- 5.8.2 BUYING CRITERIA
- 5.9 PATENT ANALYSIS
- 5.9.1 METHODOLOGY
- 5.9.2 MAJOR PATENTS IN GREEN METHANOL MARKET
- 5.10 INVESTMENT & FUNDING SCENARIO
- 5.11 CASE STUDY ANALYSIS
- 5.11.1 CARBON RECYCLING INTERNATIONAL OBTAINS RENEWABLE METHANOL FROM CO2
- 5.11.2 ENERKEM PRODUCES RENEWABLE METHANOL FROM MUNICIPAL SOLID WASTE
- 5.11.3 BIOMCN PROCESSES RENEWABLE METHANOL FROM BIOGAS
- 5.12 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
6 GREEN METHANOL MARKET, BY FEEDSTOCK
- 6.1 INTRODUCTION
- 6.2 GREEN METHANOL MARKET, BY FEEDSTOCK
- 6.3 BIOMASS
- 6.3.1 RENEWABLE NATURE AND EMISSION-REDUCING POTENTIAL - KEY DRIVERS
- 6.3.2 FORESTRY AND AGRICULTURAL WASTE
- 6.3.3 BIOGAS FROM LANDFILLS
- 6.3.4 SEWAGE
- 6.3.5 MUNICIPAL SOLID WASTE
- 6.3.6 BLACK LIQUOR FROM PAPER & PULP INDUSTRY
- 6.4 GREEN HYDROGEN
- 6.4.1 GOVERNMENT INCENTIVES FOR RENEWABLE ENERGY TO DRIVE MARKET
- 6.5 CARBON CAPTURE & STORAGE
- 6.5.1 INCREASING NEED FOR CARBON REDUCTION AND CLEANER ENERGY SOLUTIONS TO BOOST MARKET
7 GREEN METHANOL MARKET, BY DERIVATIVE
- 7.1 INTRODUCTION
- 7.2 FORMALDEHYDE
- 7.2.1 GROWING DEMAND FROM CONSTRUCTION INDUSTRY
- 7.3 GASOLINE
- 7.3.1 INCREASING USE IN TRANSPORTATION SECTOR
- 7.4 GREEN METHANOL-TO-OLEFINS/GREEN METHANOL-T0-PROPYLENE
- 7.4.1 HIGH DEMAND FOR PLASTICS IN END-USE INDUSTRIES
- 7.5 METHYL TERT-BUTYL ETHER
- 7.5.1 HIGH DEMAND FROM CHINA FOR USE ACROSS INDUSTRIES
- 7.6 ACETIC ACID
- 7.6.1 IMPORTANT RAW MATERIAL FOR DOWNSTREAM CHEMICALS
- 7.7 DIMETHYL ETHER
- 7.7.1 GROWING DEMAND FOR HEATING AND COOKING PURPOSES
- 7.8 METHYL METHACRYLATE
- 7.8.1 HIGH CONSUMPTION IN ELECTRONICS INDUSTRY
- 7.9 BIODIESEL
- 7.9.1 DRIVEN BY COMPETITIVE PRICING AND ENVIRONMENTAL REGULATIONS
- 7.10 OTHERS
8 GREEN METHANOL MARKET, BY APPLICATION
- 8.1 INTRODUCTION
- 8.2 CHEMICAL FEEDSTOCK
- 8.2.1 SUSTAINABLE MANUFACTURING PRACTICES TO DRIVE MARKET
- 8.3 FUEL
- 8.3.1 INCREASING APPLICATION IN MARITIME TRANSPORT PROPELS MARKET
- 8.4 OTHER APPLICATIONS
- 8.4.1 VERSATILITY IN POWER GENERATION AND ENERGY STORAGE ACCELERATES ADOPTION
9 GREEN METHANOL MARKET, BY REGION
- 9.1 INTRODUCTION
- 9.2 NORTH AMERICA
- 9.2.1 NORTH AMERICA: IMPACT OF RECESSION
- 9.2.2 US
- 9.2.2.1 Increasing focus on sustainability and technological advancements to surge market growth
- 9.2.3 CANADA
- 9.2.3.1 Stringent environmental regulations and government support to boost production
- 9.2.4 MEXICO
- 9.2.4.1 Abundant renewable resources and strategic geographic location to boost market
- 9.3 ASIA PACIFIC
- 9.3.1 ASIA PACIFIC: IMPACT OF RECESSION
- 9.3.2 INDIA
- 9.3.2.1 Market growth driven by government initiatives and technological advancements
- 9.3.3 CHINA
- 9.3.3.1 Substantial renewable energy resources and commitment to reducing carbon emissions to boost market
- 9.3.4 JAPAN
- 9.3.4.1 Government policies and initiatives to boost market
- 9.3.5 SOUTH KOREA
- 9.3.5.1 Industrial development and government initiatives to boost market
- 9.3.6 REST OF ASIA PACIFIC
- 9.4 EUROPE
- 9.4.1 EUROPE: IMPACT OF RECESSION
- 9.4.2 GERMANY
- 9.4.2.1 Propelled by growing demand from automotive industry
- 9.4.3 NETHERLANDS
- 9.4.3.1 Market driven by advanced infrastructure, strategic location, and strong commitment to renewable energy
- 9.4.4 SWEDEN
- 9.4.4.1 Strategic partnerships and increasing demand from eco-conscious industries fuel market growth
- 9.4.5 REST OF EUROPE
- 9.5 MIDDLE EAST & AFRICA
- 9.5.1 MIDDLE EAST & AFRICA: IMPACT OF RECESSION
- 9.5.2 SAUDI ARABIA
- 9.5.2.1 Ambitious sustainability and economic diversification plans to grow market
- 9.5.3 UAE
- 9.5.3.1 Government initiatives to increase green methanol production to fuel market
- 9.5.4 REST OF GCC
- 9.5.5 REST OF MIDDLE EAST & AFRICA
- 9.6 SOUTH AMERICA
- 9.6.1 SOUTH AMERICA: IMPACT OF RECESSION
- 9.6.2 BRAZIL
- 9.6.2.1 Strong emphasis on renewable energy and sustainable practices to propel market
- 9.6.3 ARGENTINA
- 9.6.3.1 Strong government support and increasing international interest - key market drivers
- 9.6.4 REST OF SOUTH AMERICA
10 COMPETITIVE LANDSCAPE
- 10.1 INTRODUCTION
- 10.2 STRATEGIES ADOPTED BY KEY PLAYERS
- 10.3 REVENUE ANALYSIS
- 10.4 MARKET SHARE AND RANKING
- 10.4.1 RANKING OF KEY MARKET PLAYERS, 2023
- 10.4.2 MARKET SHARE OF KEY PLAYERS
- 10.4.2.1 OCI (Netherlands)
- 10.4.2.2 Carbon Recycling International (Iceland)
- 10.4.2.3 Methanex Corporation (Canada)
- 10.4.2.4 Proman (Switzerland)
- 10.4.2.5 Sodra (Sweden)
- 10.5 BRAND/PRODUCT COMPARISON
- 10.5.1 GREEN METHANOL BY OCI
- 10.5.2 GREEN METHANOL BY CARBON RECYCLING INTERNATIONAL
- 10.5.3 GREEN METHANOL BY METHANEX CORPORATION
- 10.5.4 GREEN METHANOL BY PROMAN
- 10.5.5 GREEN METHANOL BY SODRA
- 10.6 COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
- 10.6.1 STARS
- 10.6.2 EMERGING LEADERS
- 10.6.3 PERVASIVE PLAYERS
- 10.6.4 PARTICIPANTS
- 10.6.5 COMPANY FOOTPRINT
- 10.7 STARTUP/SME EVALUATION MATRIX
- 10.7.1 PROGRESSIVE COMPANIES
- 10.7.2 RESPONSIVE COMPANIES
- 10.7.3 DYNAMIC COMPANIES
- 10.7.4 STARTING BLOCKS
- 10.7.5 COMPETITIVE BENCHMARKING
- 10.8 COMPANY VALUATION AND FINANCIAL METRICS
- 10.9 COMPETITIVE SCENARIO AND TRENDS
11 COMPANY PROFILES
- 11.1 KEY PLAYERS
- 11.1.1 PETROLIAM NASIONAL BERHAD (PETRONAS)
- 11.1.1.1 Business overview
- 11.1.1.2 Products/Solutions/Services offered
- 11.1.1.3 Recent developments
- 11.1.1.4 MnM view
- 11.1.1.4.1 Key strengths
- 11.1.1.4.2 Strategic choices
- 11.1.1.4.3 Weaknesses & competitive threats
- 11.1.2 CARBON RECYCLING INTERNATIONAL
- 11.1.2.1 Business overview
- 11.1.2.2 Products/Solutions/Services offered
- 11.1.2.3 Recent developments
- 11.1.2.4 MnM view
- 11.1.2.4.1 Key strengths
- 11.1.2.4.2 Strategic choices
- 11.1.2.4.3 Weaknesses and competitive threats
- 11.1.3 SUNGAS RENEWABLES
- 11.1.3.1 Business overview
- 11.1.3.2 Products/Solutions/Services offered
- 11.1.3.3 Recent developments
- 11.1.3.4 MnM view
- 11.1.3.4.1 Key strengths
- 11.1.3.4.2 Strategic choices
- 11.1.3.4.3 Weaknesses and competitive threats
- 11.1.4 ABEL ENERGY PTY LTD.
- 11.1.4.1 Business overview
- 11.1.4.2 Products/Solutions/Services offered
- 11.1.4.3 Recent developments
- 11.1.4.4 MnM view
- 11.1.4.4.1 Key strengths
- 11.1.4.4.2 Strategic choices
- 11.1.4.4.3 Weaknesses and competitive threats
- 11.1.5 OCI
- 11.1.5.1 Business overview
- 11.1.5.2 Products/Solutions/Services offered
- 11.1.5.3 Recent developments
- 11.1.5.4 MnM view
- 11.1.5.4.1 Key strengths
- 11.1.5.4.2 Strategic choices
- 11.1.5.4.3 Weaknesses and competitive threats
- 11.1.6 METHANEX CORPORATION
- 11.1.6.1 Business overview
- 11.1.6.2 Products/Solutions/Services offered
- 11.1.6.3 Recent developments
- 11.1.6.4 MnM view
- 11.1.6.4.1 Key strengths
- 11.1.6.4.2 Strategic choices
- 11.1.6.4.3 Weaknesses and competitive threats
- 11.1.7 MITSUBISHI GAS CHEMICAL COMPANY, INC.
- 11.1.7.1 Business overview
- 11.1.7.2 Products/Solutions/Services offered
- 11.1.7.3 Recent developments
- 11.1.7.4 MnM view
- 11.1.7.4.1 Key strengths
- 11.1.7.4.2 Strategic choices
- 11.1.7.4.3 Weaknesses and competitive threats
- 11.1.8 ENERKEM
- 11.1.8.1 Business overview
- 11.1.8.2 Products/Solutions/Services offered
- 11.1.8.3 Recent developments
- 11.1.8.4 MnM view
- 11.1.8.4.1 Key strengths
- 11.1.8.4.2 Strategic choices
- 11.1.8.4.3 Weaknesses & competitive threats
- 11.1.9 ALBERTA PACIFIC FOREST INDUSTRIES INC.
- 11.1.9.1 Business overview
- 11.1.9.2 Products/Solutions/Services offered
- 11.1.9.3 Recent developments
- 11.1.10 ENVISION ENERGY
- 11.1.10.1 Business overview
- 11.1.10.2 Products/Solutions/Services offered
- 11.1.10.3 Recent developments
- 11.1.11 SODRA
- 11.1.11.1 Business overview
- 11.1.11.2 Products/Solutions/Services offered
- 11.1.11.3 Recent developments
- 11.1.12 PROMAN
- 11.1.12.1 Business overview
- 11.1.12.2 Products/Solutions/Services offered
- 11.1.12.3 Recent developments
- 11.2 OTHER PLAYERS
- 11.2.1 VARMSLAND METHANOL
- 11.2.2 IBERDROLA, S.A.
- 11.2.3 LOWLANDS METHANOL B.V.
- 11.2.4 SWISS LIQUID FUTURE AG
- 11.2.5 LIQUID WIND AB
- 11.2.6 RENEWABLE HYDROGEN CANADA CORPORATION
- 11.2.7 EUROPEAN ENERGY A/S
12 ADJACENT AND RELATED MARKETS
- 12.1 INTRODUCTION
- 12.2 LIMITATIONS
- 12.3 GREEN METHANOL INTERCONNECTED MARKET
- 12.4 GREEN HYDROGEN MARKET
- 12.4.1 MARKET DEFINITION
- 12.4.2 MARKET OVERVIEW
- 12.4.2.1 Alkaline Electrolysis
- 12.4.2.2 PEM Electrolysis
- 12.5 METHANOL MARKET
- 12.5.1 MARKET DEFINITION
- 12.5.2 MARKET OVERVIEW
- 12.5.2.1 Natural Gas
- 12.5.2.2 Coal
- 12.5.2.3 Others
13 APPENDIX
- 13.1 DISCUSSION GUIDE
- 13.2 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
- 13.3 CUSTOMIZATION OPTIONS
- 13.4 RELATED REPORTS
- 13.5 AUTHOR DETAILS