logo image
search icon
Green Methanol Market

Green Methanol Market Size, Share & Trends Analysis Report By Feedstock (Agriculture Waste, Forestry Residues, Municipal Solid Waste, CO2 Emission), Application (Formaldehyde, Methyl-Tert-Butyl-Ether, Gasoline, Solvent), By End-use, By Region, And Segment Forecasts, 2023-2031

Report ID : 1524 | Published : 2023-10-27 | Pages: 160 | Format: PDF/EXCEL

The Global Green Methanol Market Size is valued at 3.61 billion in 2022 and is predicted to reach 6.58 billion by the year 2031 at an 7.05% CAGR during the forecast period for 2023-2031.

A low-carbon molecule called "green methanol" is made by burning biomass, using clean power, or capturing carbon dioxide (CO2). Green methanol is an environmentally beneficial substitute for traditional chemicals and fossil fuels. Like regular methanol, it has a variety of end uses in the chemical, power generating, automotive, construction, etc. industries.

Green Methanol Market

The main factor driving the worldwide green methanol market is strict environmental rules that restrict carbon dioxide emissions in order to lessen pollution and global warming. For use in transportation, energy production, and industrial services, there has been a surge in the consumption of gasoline, diesel, and other chemicals in recent years.

Augmented emissions of greenhouse gases such as carbon dioxide, nitrous oxide, sulfur dioxide, and particulate matter have been the effect of this. As a result, strict environmental laws were imposed by various nations and international regulatory bodies to reduce greenhouse gas emissions. Various NGOs, in addition to governments, support the usage of green methanol. The market for green methanol is expected to grow rapidly as a result of all these factors.

However, the green methanol market is expected to grow slowly due to the high installation costs involved in producing green methanol. One of the primary references when choosing the location of a green methanol-generating plant is ensuring an unbroken supply of feedstock. The plant's location is the primary determinant of the expenses associated with producing green methanol.

Recent Developments:

  • In Feb 2023, A Memorandum of Understanding (MoU) was signed by Uniper and Greenko ZeroC Private Limited, allowing Uniper to engage in exclusive talks for the offtake of green ammonia from Phase 1 of Greenko ZeroC's ammonia manufacturing facility in Kakinada. According to the MoU, Greenko and Uniper seek to establish a supply, tenure, and price structure that is unique in the industry for a supply and purchase agreement for 250,000 tonnes of green ammonia annually (GASPA) based on the Heads of Terms.
  • In June 2022, Following the completion of the technical verification of the gasification of forest wastes for the manufacture of renewable methanol for shipping, Cortus Energy has engaged in a term sheet with the Norwegian firm Glocal Green AS. The Norwegian shipping sector believes that renewable methanol is the best method to phase out fossil fuels and safeguard the industry's future. 

Competitive Landscape:

The key players in the green methanol market are:

  • P. Moller – Maersk
  • ABEL Energy Pty Ltd.
  • Advanced Chemical Technologies
  • BASF SE
  • Carbon Recycling International (CRI)
  • Enerkem Inc.
  • European Energy, Eni S.p.A.
  • Fraunhofer GmbH
  • GIDARA Energ
  • Glocal Green
  • HIF Global
  • Innogy SE
  • Liquid Wind AB
  • Methanex Corporation
  • Mitsubishi Gas Chemical Company, Inc. (MCG)
  • Nordic Green ApS
  • OCI N.V.
  • Saudi Basic Industries Corporation
  • Sodra Skogasagarma
  • Southern Green Gas Limited.
  • Synhelion SA
  • Uniper SE
  • Vertimass LLC
  • WasteFuel

Market Segmentation:

The green methanol market is segmented on the feedstock, application, and end-use. Based on feedstock, the market is segmented into agriculture waste, forestry residues, municipal solid waste, CO2 emission and others. Based on application, the green methanol market is segmented into formaldehyde, methyl-tert-butyl-ether, gasoline, solvent and others. Based on end-use, the green methanol market is segmented into chemical, transportation, power generation and others.

Based on feedstock type, the CO2 emissions segment is accounted as a significant contributor to the green methanol market

The CO2 emissions category grabbed the highest revenue share, and it is anticipated that it will continue to hold that position during the anticipated time. The ability to extract CO2 from the atmosphere and industrial exhaust streams has been made possible by technical breakthroughs. Cement and steel mills, distilleries, and power plants, for instance, all produce carbon dioxide, which can be used to create methanol. Many businesses have started using CO2 to create sustainable methanol. Each year, Carbon Recycling International processes 5,600 metric tonnes of carbon dioxide into 4,000 metric tonnes of renewable methanol by reacting to renewable hydrogen. Additionally, Thyssenkrupp is crucial in producing renewable methanol from used CO2.

The formaldehyde segment witnessed growth at a rapid rate.

The formaldehyde category is anticipated to grow significantly over the forecast period. Methanol's main use is in the production of formaldehyde. Despite being the most basic aldehyde, formaldehyde is also the most important in commerce. Typically, it is referred to as "methanal" (CH2O). Automotive (antifreeze, brake pads, fuel system, under-bonnet components, etc.), construction (paints, coatings, carpet underlay, wood and ply adhesives, adhesives, wood panels, etc.), consumer products (furniture, carpeting, cosmetics, solvents, cabinets, paper towels, etc.), and healthcare applications are just a few of the many industries that use formaldehyde (pharmaceutical research, vaccine manufacturing, hard gel capsule manufacturing, etc.).

In the Asia Pacific, the green methanol market holds a significant revenue share in the region.

The Asia Pacific green methanol market is expected to register the highest market share in revenue in the near future. Demand for green methanol is anticipated to rise in the region as methanol consumption increases quickly in the building, automotive, and electricity generation sectors in nations including China, India, Japan, and South Korea. To encourage green methanol, major market participants in these nations are working with businesses in the automotive, construction, and other industries. In addition, North America is projected to grow rapidly in the global green methanol market because of rising investments in R&D, the existence of a mature end-user industry, and the accessibility of substantial biomass supplies. As the most significant producer of biofuels in the world, the United States uses more renewable energy to produce electricity.

Green Methanol Market Report Scope

Report Attribute

Specifications

Market size value in 2022

USD 3.61 billion

Revenue forecast in 2031

USD 6.58 billion

Growth rate CAGR

CAGR of 7.05% from 2023 to 2031

Quantitative units

Representation of revenue in US$ Million, Volume (Kiloton) and CAGR from 2023 to 2031

Historic Year

2019 to 2022

Forecast Year

2023-2031

Report coverage

The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends

Segments covered

Feedstock, Application, End-use

Regional scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia

Competitive Landscape

BASF SE,Advanced Chemical Technologies, Uniper SE, Fraunhofer GmbH, Enerkem Inc., Innogy SE, Nordic Green ApS, Vertimass LLC, Saudi

Basic Industries Corporation, and Södra Skogsägarna

Customization scope

Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape.

Pricing and available payment methods

Explore pricing alternatives that are customized to your particular study requirements. 

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Green Methanol Market Snapshot

Chapter 4. Global Green Methanol Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Feedstock Estimates & Trend Analysis
5.1. by Feedstock & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn) & Volume (Kiloton)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Feedstock:

5.2.1. Agriculture Waste
5.2.2. Forestry Residues
5.2.3. Municipal Solid Waste
5.2.4. CO2 Emission
5.2.5. Others

Chapter 6. Market Segmentation 2: by Application Estimates & Trend Analysis
6.1. by Application & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn) & Volume (Kiloton)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Application:

6.2.1. Formaldehyde
6.2.2. Methyl-tert-butyl-ether
6.2.3. Gasoline
6.2.4. Solvent
6.2.5. Others

Chapter 7. Market Segmentation 3: by End-user Estimates & Trend Analysis
7.1. by End-user & Market Share, 2019 & 2031
7.2. Market Size (Value (US$ Mn) & Volume (Kiloton)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by End-user:

7.2.1. Chemical
7.2.2. Transportation
7.2.3. Power Generation
7.2.4. Others

Chapter 8. Green Methanol Market Segmentation 4: Regional Estimates & Trend Analysis
8.1. North America

8.1.1. North America Green Methanol Market Revenue (US$ Mn) & Volume (Kiloton) Estimates and Forecasts by Feedstock, 2023-2031
8.1.2. North America Green Methanol Market Revenue (US$ Mn) & Volume (Kiloton) Estimates and Forecasts by Application, 2023-2031
8.1.3. North America Green Methanol Market Revenue (US$ Mn) & Volume (Kiloton) Estimates and Forecasts by End-user, 2023-2031
8.1.4. North America Green Methanol Market Revenue (US$ Mn) & Volume (Kiloton) Estimates and Forecasts by country, 2023-2031

8.2. Europe

8.2.1. Europe Green Methanol Market Revenue (US$ Mn) & Volume (Kiloton) Estimates and Forecasts by Feedstock, 2023-2031
8.2.2. Europe Green Methanol Market Revenue (US$ Mn) & Volume (Kiloton) Estimates and Forecasts by Application, 2023-2031
8.2.3. Europe Green Methanol Market Revenue (US$ Mn) & Volume (Kiloton) Estimates and Forecasts by End-user, 2023-2031
8.2.4. Europe Green Methanol Market Revenue (US$ Mn) & Volume (Kiloton) Estimates and Forecasts by country, 2023-2031

8.3. Asia Pacific

8.3.1. Asia Pacific Green Methanol Market Revenue (US$ Mn) & Volume (Kiloton) Estimates and Forecasts by Feedstock, 2023-2031
8.3.2. Asia Pacific Green Methanol Market Revenue (US$ Mn) & Volume (Kiloton) Estimates and Forecasts by Application, 2023-2031
8.3.3. Asia-Pacific Green Methanol Market Revenue (US$ Mn) & Volume (Kiloton) Estimates and Forecasts by End-user, 2023-2031
8.3.4. Asia Pacific Green Methanol Market Revenue (US$ Mn) & Volume (Kiloton) Estimates and Forecasts by country, 2023-2031

8.4. Latin America

8.4.1. Latin America Green Methanol Market Revenue (US$ Mn) & Volume (Kiloton) Estimates and Forecasts by Feedstock, 2023-2031
8.4.2. Latin America Green Methanol Market Revenue (US$ Mn) & Volume (Kiloton) Estimates and Forecasts by Application, 2023-2031
8.4.3. Latin America Green Methanol Market Revenue (US$ Mn) & Volume (Kiloton) Estimates and Forecasts by End-user, 2023-2031
8.4.4. Latin America Green Methanol Market Revenue (US$ Mn) & Volume (Kiloton) Estimates and Forecasts by country, 2023-2031

8.5. Middle East & Africa

8.5.1. Middle East & Africa Green Methanol Market Revenue (US$ Mn) & Volume (Kiloton) Estimates and Forecasts by Feedstock, 2023-2031
8.5.2. Middle East & Africa Green Methanol Market Revenue (US$ Mn) & Volume (Kiloton) Estimates and Forecasts by End-user, 2023-2031
8.5.3. Middle East & Africa Green Methanol Market Revenue (US$ Mn) & Volume (Kiloton) Estimates and Forecasts by Application, 2023-2031
8.5.4. Middle East & Africa Green Methanol Market Revenue (US$ Mn) & Volume (Kiloton) Estimates and Forecasts by country, 2023-2031

Chapter 9. Competitive Landscape
9.1. Major Mergers and Acquisitions/Strategic Alliances

9.2. Company Profiles


9.2.1. A.P. Moller – Maersk
9.2.2. ABEL Energy Pty Ltd.
9.2.3. Advanced Chemical Technologies
9.2.4. BASF SE
9.2.5. Carbon Recycling International (CRI)
9.2.6. Enerkem Inc.
9.2.7. European Energy, Eni S.p.A.
9.2.8. Fraunhofer GmbH
9.2.9. GIDARA Energ
9.2.10. Glocal Green
9.2.11. HIF Global
9.2.12. Innogy SE
9.2.13. Liquid Wind AB
9.2.14. Methanex Corporation
9.2.15. Mitsubishi Gas Chemical Company, Inc. (MCG)
9.2.16. Nordic Green ApS
9.2.17. OCI N.V.
9.2.18. Saudi Basic Industries Corporation
9.2.19. Sodra Skogasagarma
9.2.20. Southern Green Gas Limited.
9.2.21. Synhelion SA
9.2.22. Uniper SE
9.2.23. Vertimass LLC
9.2.24. WasteFuel
9.2.25. Other Prominent Players

Segmentation of Green Methanol Market-

Green Methanol Market By Feedstock

  • Agriculture Waste
  • Forestry Residues
  • Municipal Solid Waste
  • CO2 Emission
  • Others

Green Methanol Market

Green Methanol Market By Application

  • Formaldehyde
  • Methyl-tert-butyl-ether
  • Gasoline
  • Solvent
  • Others

Green Methanol Market By End-use

  • Chemical
  • Transportaion
  • Power Generation
  • Others

Green Methanol Market By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

user icon
office icon
mail icon
call icon

This website is secure, and we do not share your personal information with any third party. Privacy Policy

Need Customization
Need specific information/chapter from the report of the custom data table, graph or complete report? Tell us more.

Frequently Asked Questions

How big is the Green Methanol Market?

Green Methanol Market expected to grow at a 7.05% CAGR during the forecast period for 2023-2031.

BASF SE,Advanced Chemical Technologies, Uniper SE, Fraunhofer GmbH, Enerkem Inc., Innogy SE, Nordic Green ApS, Vertimass LLC, Saudi Basic Industries

Our Clients

  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo
  • client logo

Media Citations

  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo
  • media citation logo

Growth opportunities and latent adjacency in Chemicals and Materials

Select Licence Type
$4456
$7786
$10000
$1200
Get Your GTM Strategy

Navigate market entry with channel selection, launch strategy & timeline, and pricing model support.

Equip yourself with the insights needed to develop a winning go-to-market strategy

Get real-time updates and joint control over project direction with our collaborative approach