Summary

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.
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 Södra (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 Södra (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.

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Table of Contents

1 INTRODUCTION 22
1.1 STUDY OBJECTIVES 22
1.2 COMPETITIVE INTELLIGENCE 22
1.3 MARKET DEFINITION 22
1.3.1 INCLUSIONS AND EXCLUSIONS 23
1.4 MARKET SCOPE 23
1.4.1 REGIONAL SCOPE 24
1.4.2 YEARS CONSIDERED 24
1.4.3 CURRENCY 24
1.4.4 UNIT CONSIDERED 25
1.5 RESEARCH LIMITATIONS 25
1.6 STAKEHOLDERS 25
2 RESEARCH METHODOLOGY 26
2.1 RESEARCH DATA 26
2.1.1 SECONDARY DATA 27
2.1.1.1 Key data from secondary sources 27
2.1.2 PRIMARY DATA 27
2.1.2.1 Key data from primary sources 28
2.1.2.2 Breakdown of primaries 28
2.2 MATRIX CONSIDERED FOR DEMAND SIDE 29
2.3 MARKET SIZE ESTIMATION 29
2.3.1 BOTTOM-UP APPROACH 30
2.3.2 TOP-DOWN APPROACH 30
2.3.2.1 Calculations for supply-side analysis 31
2.4 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST 32
2.5 DATA TRIANGULATION 32
2.6 IMPACT OF RECESSION 33
2.6.1 KEY ASSUMPTIONS FOR CALCULATION OF DEMAND-SIDE MARKET SIZE 33
2.6.2 LIMITATIONS 33
2.6.3 RISK ANALYSIS 34
3 EXECUTIVE SUMMARY 35
4 PREMIUM INSIGHTS 38
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN GREEN METHANOL MARKET 38
4.2 GREEN METHANOL MARKET, BY REGION 38
4.3 GREEN METHANOL MARKET, BY APPLICATION 39
 
4.4 GREEN METHANOL MARKET, BY FEEDSTOCK 39
4.5 GREEN METHANOL MARKET, MAJOR COUNTRIES 40
5 MARKET OVERVIEW 41
5.1 INTRODUCTION 41
5.2 MARKET DYNAMICS 42
5.2.1 DRIVERS 42
5.2.1.1 Increasing demand for sustainable and renewable energy 42
5.2.1.2 Demand for green methanol in automotive and construction 43
5.2.2 RESTRAINTS 44
5.2.2.1 Competing fuel options – ethanol, hydrogen, biodiesel 44
5.2.3 OPPORTUNITIES 44
5.2.3.1 Green methanol as alternative fuel in marine and
manufacturing industries 44
5.2.3.2 Green methanol fuel cells in transportation and energy sectors 45
5.2.4 CHALLENGES 46
5.2.4.1 Cost competitiveness to produce green methanol 46
5.2.4.2 Low consumer awareness about green methanol benefits 46
5.2.4.3 Infrastructure, scale, and efficiency limitations for production 47
5.3 PORTER'S FIVE FORCES ANALYSIS 48
5.3.1 BARGAINING POWER OF SUPPLIERS 49
5.3.2 BARGAINING POWER OF BUYERS 49
5.3.3 THREAT OF NEW ENTRANTS 49
5.3.4 THREAT OF SUBSTITUTES 49
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 49
5.4 PRICING ANALYSIS 50
5.4.1 VALUE CHAIN ANALYSIS 51
5.4.2 ECOSYSTEM MAP 52
5.5 REGULATORY LANDSCAPE 53
5.5.1 REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 54
5.6 TECHNOLOGY ANALYSIS 56
5.6.1 KEY TECHNOLOGIES 56
5.6.1.1 Bio-methanol and e-Methanol Production Technologies 56
5.6.2 ADJACENT TECHNOLOGIES 56
5.6.2.1 Grey, Brown, and Blue Methanol Production Technologies 56
5.6.3 KEY CONFERENCES AND EVENTS (2024 & 2025) 57
5.7 DATA 58
5.7.1 IMPORT DATA 58
5.7.2 EXPORT DATA 58
5.8 KEY STAKEHOLDERS AND BUYING CRITERIA 59
5.8.1 KEY STAKEHOLDERS IN BUYING PROCESS 59
5.8.2 BUYING CRITERIA 60
5.9 PATENT ANALYSIS 61
5.9.1 METHODOLOGY 61
5.9.2 MAJOR PATENTS IN GREEN METHANOL MARKET 62
5.10 INVESTMENT & FUNDING SCENARIO 63
5.11 CASE STUDY ANALYSIS 63
5.11.1 CARBON RECYCLING INTERNATIONAL OBTAINS RENEWABLE
METHANOL FROM CO2 63
5.11.2 ENERKEM PRODUCES RENEWABLE METHANOL FROM MUNICIPAL
SOLID WASTE 64
5.11.3 BIOMCN PROCESSES RENEWABLE METHANOL FROM BIOGAS 64
5.12 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 65
6 GREEN METHANOL MARKET, BY FEEDSTOCK 66
6.1 INTRODUCTION 67
6.2 GREEN METHANOL MARKET, BY FEEDSTOCK 67
6.3 BIOMASS 68
6.3.1 RENEWABLE NATURE AND EMISSION-REDUCING POTENTIAL – KEY DRIVERS 68
6.3.2 FORESTRY AND AGRICULTURAL WASTE 68
6.3.3 BIOGAS FROM LANDFILLS 68
6.3.4 SEWAGE 68
6.3.5 MUNICIPAL SOLID WASTE 68
6.3.6 BLACK LIQUOR FROM PAPER & PULP INDUSTRY 69
6.4 GREEN HYDROGEN 69
6.4.1 GOVERNMENT INCENTIVES FOR RENEWABLE ENERGY TO DRIVE MARKET 69
6.5 CARBON CAPTURE & STORAGE 70
6.5.1 INCREASING NEED FOR CARBON REDUCTION AND CLEANER ENERGY SOLUTIONS TO BOOST MARKET 70
7 GREEN METHANOL MARKET, BY DERIVATIVE 72
7.1 INTRODUCTION 72
7.2 FORMALDEHYDE 72
7.2.1 GROWING DEMAND FROM CONSTRUCTION INDUSTRY 72
7.3 GASOLINE 73
7.3.1 INCREASING USE IN TRANSPORTATION SECTOR 73
7.4 GREEN METHANOL-TO-OLEFINS/GREEN METHANOL-T0-PROPYLENE 73
7.4.1 HIGH DEMAND FOR PLASTICS IN END-USE INDUSTRIES 73
7.5 METHYL TERT-BUTYL ETHER 73
7.5.1 HIGH DEMAND FROM CHINA FOR USE ACROSS INDUSTRIES 73
7.6 ACETIC ACID 74
7.6.1 IMPORTANT RAW MATERIAL FOR DOWNSTREAM CHEMICALS 74
7.7 DIMETHYL ETHER 74
7.7.1 GROWING DEMAND FOR HEATING AND COOKING PURPOSES 74
 
7.8 METHYL METHACRYLATE 74
7.8.1 HIGH CONSUMPTION IN ELECTRONICS INDUSTRY 74
7.9 BIODIESEL 75
7.9.1 DRIVEN BY COMPETITIVE PRICING AND ENVIRONMENTAL REGULATIONS 75
7.10 OTHERS 75
8 GREEN METHANOL MARKET, BY APPLICATION 76
8.1 INTRODUCTION 77
8.2 CHEMICAL FEEDSTOCK 78
8.2.1 SUSTAINABLE MANUFACTURING PRACTICES TO DRIVE MARKET 78
8.3 FUEL 80
8.3.1 INCREASING APPLICATION IN MARITIME TRANSPORT PROPELS MARKET 80
8.4 OTHER APPLICATIONS 82
8.4.1 VERSATILITY IN POWER GENERATION AND ENERGY STORAGE
ACCELERATES ADOPTION 82
9 GREEN METHANOL MARKET, BY REGION 84
9.1 INTRODUCTION 85
9.2 NORTH AMERICA 87
9.2.1 NORTH AMERICA: IMPACT OF RECESSION 87
9.2.2 US 91
9.2.2.1 Increasing focus on sustainability and technological advancements to surge market growth 91
9.2.3 CANADA 92
9.2.3.1 Stringent environmental regulations and government support to boost production 92
9.2.4 MEXICO 94
9.2.4.1 Abundant renewable resources and strategic geographic location to boost market 94
9.3 ASIA PACIFIC 95
9.3.1 ASIA PACIFIC: IMPACT OF RECESSION 96
9.3.2 INDIA 99
9.3.2.1 Market growth driven by government initiatives and
technological advancements 99
9.3.3 CHINA 101
9.3.3.1 Substantial renewable energy resources and commitment to reducing carbon emissions to boost market 101
9.3.4 JAPAN 102
9.3.4.1 Government policies and initiatives to boost market 102
9.3.5 SOUTH KOREA 104
9.3.5.1 Industrial development and government initiatives to boost market 104
9.3.6 REST OF ASIA PACIFIC 105
 
9.4 EUROPE 106
9.4.1 EUROPE: IMPACT OF RECESSION 106
9.4.2 GERMANY 110
9.4.2.1 Propelled by growing demand from automotive industry 110
9.4.3 NETHERLANDS 111
9.4.3.1 Market driven by advanced infrastructure, strategic location, and strong commitment to renewable energy 111
9.4.4 SWEDEN 113
9.4.4.1 Strategic partnerships and increasing demand from eco-conscious industries fuel market growth 113
9.4.5 REST OF EUROPE 114
9.5 MIDDLE EAST & AFRICA 116
9.5.1 MIDDLE EAST & AFRICA: IMPACT OF RECESSION 116
9.5.2 SAUDI ARABIA 119
9.5.2.1 Ambitious sustainability and economic diversification plans
to grow market 119
9.5.3 UAE 120
9.5.3.1 Government initiatives to increase green methanol production
to fuel market 120
9.5.4 REST OF GCC 121
9.5.5 REST OF MIDDLE EAST & AFRICA 123
9.6 SOUTH AMERICA 124
9.6.1 SOUTH AMERICA: IMPACT OF RECESSION 124
9.6.2 BRAZIL 127
9.6.2.1 Strong emphasis on renewable energy and sustainable practices to propel market 127
9.6.3 ARGENTINA 128
9.6.3.1 Strong government support and increasing international interest – key market drivers 128
9.6.4 REST OF SOUTH AMERICA 130
10 COMPETITIVE LANDSCAPE 132
10.1 INTRODUCTION 132
10.2 STRATEGIES ADOPTED BY KEY PLAYERS 132
10.3 REVENUE ANALYSIS 133
10.4 MARKET SHARE AND RANKING 133
10.4.1 RANKING OF KEY MARKET PLAYERS, 2023 133
10.4.2 MARKET SHARE OF KEY PLAYERS 134
10.4.2.1 OCI (Netherlands) 135
10.4.2.2 Carbon Recycling International (Iceland) 135
10.4.2.3 Methanex Corporation (Canada) 135
10.4.2.4 Proman (Switzerland) 135
10.4.2.5 Södra (Sweden) 135
 
10.5 BRAND/PRODUCT COMPARISON 136
10.5.1 GREEN METHANOL BY OCI 136
10.5.2 GREEN METHANOL BY CARBON RECYCLING INTERNATIONAL 136
10.5.3 GREEN METHANOL BY METHANEX CORPORATION 136
10.5.4 GREEN METHANOL BY PROMAN 137
10.5.5 GREEN METHANOL BY SÖDRA 137
10.6 COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023 137
10.6.1 STARS 137
10.6.2 EMERGING LEADERS 137
10.6.3 PERVASIVE PLAYERS 137
10.6.4 PARTICIPANTS 137
10.6.5 COMPANY FOOTPRINT 139
10.7 STARTUP/SME EVALUATION MATRIX 142
10.7.1 PROGRESSIVE COMPANIES 142
10.7.2 RESPONSIVE COMPANIES 142
10.7.3 DYNAMIC COMPANIES 142
10.7.4 STARTING BLOCKS 142
10.7.5 COMPETITIVE BENCHMARKING 144
10.8 COMPANY VALUATION AND FINANCIAL METRICS 145
10.8.1 FINANCIAL METRICS 145
10.9 COMPETITIVE SCENARIO AND TRENDS 146
10.9.1 DEALS 146
11 COMPANY PROFILES 148
11.1 KEY PLAYERS 148
11.1.1 PETROLIAM NASIONAL BERHAD (PETRONAS) 148
11.1.1.1 Business overview 148
11.1.1.2 Products/Solutions/Services offered 149
11.1.1.3 Recent developments 150
11.1.1.3.1 Deals 150
11.1.1.4 MnM view 150
11.1.1.4.1 Key strengths 150
11.1.1.4.2 Strategic choices 150
11.1.1.4.3 Weaknesses & competitive threats 150
11.1.2 CARBON RECYCLING INTERNATIONAL 151
11.1.2.1 Business overview 151
11.1.2.2 Products/Solutions/Services offered 151
11.1.2.3 Recent developments 152
11.1.2.3.1 Deals 152
11.1.2.4 MnM view 152
11.1.2.4.1 Key strengths 152
11.1.2.4.2 Strategic choices 152
11.1.2.4.3 Weaknesses and competitive threats 153
11.1.3 SUNGAS RENEWABLES 154
11.1.3.1 Business overview 154
11.1.3.2 Products/Solutions/Services offered 154
11.1.3.3 Recent developments 154
11.1.3.3.1 Deals 154
11.1.3.4 MnM view 155
11.1.3.4.1 Key strengths 155
11.1.3.4.2 Strategic choices 155
11.1.3.4.3 Weaknesses and competitive threats 155
11.1.4 ABEL ENERGY PTY LTD. 156
11.1.4.1 Business overview 156
11.1.4.2 Products/Solutions/Services offered 156
11.1.4.3 Recent developments 156
11.1.4.3.1 Deals 156
11.1.4.4 MnM view 157
11.1.4.4.1 Key strengths 157
11.1.4.4.2 Strategic choices 157
11.1.4.4.3 Weaknesses and competitive threats 157
11.1.5 OCI 158
11.1.5.1 Business overview 158
11.1.5.2 Products/Solutions/Services offered 159
11.1.5.3 Recent developments 160
11.1.5.3.1 Deals 160
11.1.5.4 MnM view 160
11.1.5.4.1 Key strengths 160
11.1.5.4.2 Strategic choices 160
11.1.5.4.3 Weaknesses and competitive threats 160
11.1.6 METHANEX CORPORATION 161
11.1.6.1 Business overview 161
11.1.6.2 Products/Solutions/Services offered 162
11.1.6.3 Recent developments 162
11.1.6.4 MnM view 163
11.1.6.4.1 Key strengths 163
11.1.6.4.2 Strategic choices 163
11.1.6.4.3 Weaknesses and competitive threats 163
11.1.7 MITSUBISHI GAS CHEMICAL COMPANY, INC. 164
11.1.7.1 Business overview 164
11.1.7.2 Products/Solutions/Services offered 165
11.1.7.3 Recent developments 166
11.1.7.3.1 Deals 166
 
11.1.7.4 MnM view 166
11.1.7.4.1 Key strengths 166
11.1.7.4.2 Strategic choices 166
11.1.7.4.3 Weaknesses and competitive threats 166
11.1.8 ENERKEM 167
11.1.8.1 Business overview 167
11.1.8.2 Products/Solutions/Services offered 167
11.1.8.3 Recent developments 168
11.1.8.3.1 Deals 168
11.1.8.4 MnM view 168
11.1.8.4.1 Key strengths 168
11.1.8.4.2 Strategic choices 168
11.1.8.4.3 Weaknesses & competitive threats 168
11.1.9 ALBERTA PACIFIC FOREST INDUSTRIES INC. 169
11.1.9.1 Business overview 169
11.1.9.2 Products/Solutions/Services offered 169
11.1.9.3 Recent developments 169
11.1.10 ENVISION ENERGY 170
11.1.10.1 Business overview 170
11.1.10.2 Products/Solutions/Services offered 170
11.1.10.3 Recent developments 171
11.1.10.3.1 Deals 171
11.1.11 SÖDRA 172
11.1.11.1 Business overview 172
11.1.11.2 Products/Solutions/Services offered 173
11.1.11.3 Recent developments 174
11.1.11.3.1 Deals 174
11.1.12 PROMAN 175
11.1.12.1 Business overview 175
11.1.12.2 Products/Solutions/Services offered 175
11.1.12.3 Recent developments 176
11.1.12.3.1 Deals 176
11.2 OTHER PLAYERS 177
11.2.1 VARMSLAND METHANOL 177
11.2.2 IBERDROLA, S.A. 177
11.2.3 LOWLANDS METHANOL B.V. 178
11.2.4 SWISS LIQUID FUTURE AG 178
11.2.5 LIQUID WIND AB 179
11.2.6 RENEWABLE HYDROGEN CANADA CORPORATION 179
11.2.7 EUROPEAN ENERGY A/S 180
 
12 ADJACENT AND RELATED MARKETS 181
12.1 INTRODUCTION 181
12.2 LIMITATIONS 181
12.3 GREEN METHANOL INTERCONNECTED MARKET 181
12.4 GREEN HYDROGEN MARKET 181
12.4.1 MARKET DEFINITION 181
12.4.2 MARKET OVERVIEW 181
12.4.2.1 Alkaline Electrolysis 183
12.4.2.2 PEM Electrolysis 183
12.5 METHANOL MARKET 183
12.5.1 MARKET DEFINITION 183
12.5.2 MARKET OVERVIEW 183
12.5.2.1 Natural Gas 186
12.5.2.2 Coal 186
12.5.2.3 Others 186
13 APPENDIX 187
13.1 DISCUSSION GUIDE 187
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 189
13.3 CUSTOMIZATION OPTIONS 191
13.4 RELATED REPORTS 191
13.5 AUTHOR DETAILS 192