Global Renewable Methanol Market Size is valued at USD 1475.6 Mn in 2024 and is predicted to reach USD 118868.0 Mn by the year 2034 at a 55.2% CAGR during the forecast period for 2025-2034.
Renewable methanol is second-generation methanol made from renewable energy sources such as biomass and industrial waste. It is a critical input in the production of biodiesel, which is used as a chemical feedstock or blended into automobile fuels. Renewable methanol is made in the same way as conventional methanol, but instead of carbon monoxide, carbon dioxide is used. It has a high octane rating due to the high hydrogen-to-carbon ratio and aids in reducing greenhouse gas emissions.
The global renewable methanol market expansion is driven by a rise in carbon dioxide emissions coupled with severe environmental laws to lessen the impact of carbon dioxide. This aspect is predicted to stimulate demand for renewable methanol, which will be used in transportation and industry.
However, the ongoing COVID-19 epidemic has hampered methanol market growth by disrupting construction activities and halting the expansion or new building of facilities and factories. In addition, industries like construction, paints and coatings, electronics, and packaging have experienced unexpected disruptions in operating efficiencies and value chains as a result of the closure of national and international borders for travel and commerce.
The renewable methanol market is segmented based on application, methanol type and end user. The application segment includes fuel, chemical feedstock (Methanol-to-Olefins (MTO), Formaldehyde, Methyl Tert-Butyl Ether (MTBE), Dimethyl Ether (DME)) and other applications like Acetic acid, Antifreeze and Solvent. The methanol type segment comprises bio-methanol (Forestry and Agricultural Waste, Biogas/Biomass, Municipal Solid Waste (MSW), Others (Sewage and by-products)) and e-methanol. The end-user segment includes transportation/mobility, chemical industry, power generation, and other end-use industry.
The biomethanol segment is leading in the renewable methanol market due to its established presence, lower production costs, and its ability to offer a sustainable alternative to traditional marine fuels. With increasing pressure to reduce carbon emissions in the maritime sector, biomethanol, derived from biological feedstocks like forest residue, municipal solid waste (MSW), biogas, and biomass, presents an attractive solution.
The leading segment in the this market by end-use industry is Power Generation. This segment is projected to grow due to the increasing concentration on decarbonizing the energy sector. Renewable methanol can be used as a clean energy source for power generation, reducing greenhouse gas emissions by up to 80%. Additionally, it can be utilized in fuel cells to generate electricity efficiently and cleanly, making it an attractive option for industries looking to transition to renewable energy sources.
The Asia Pacific Renewable Methanol Market dominated with the highest market share in terms of revenue owing to the increased demand for sustainable industry-grade polymers and solvents; market players in the region are investing heavily in renewable methanol. Renewable fuels are also in high need in the country's automobile and construction industries. This is because of strict government rules aimed at reducing carbon emissions from industrial equipment and vehicles. Other main reasons contributing to the country's market revenue growth include an increase in chemical industry participants, widespread availability of low-cost labor, and significant investment in the aerospace industry. In Europe, the renewable methanol industry accounted for the second-largest revenue share. The rapid adoption of greener technology and a growing emphasis on reducing carbon footprints across end-use industries in many countries around the region are underway.
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Report Attribute |
Specifications |
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Market size value in 2024 |
USD 1475.6 Mn |
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Revenue Forecast in 2034 |
USD 118868.0 Mn |
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Growth rate CAGR |
CAGR of 55.2% from 2025 to 2034 |
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Quantitative units |
Representation of revenue in US$ Mn,and CAGR from 2025 to 2034 |
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Historic Year |
2021 to 2024 |
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Forecast Year |
2025-2034 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
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Segments Covered |
By Application, By Methanol Type, By End-User |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; South Korea; Southeast Asia |
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Competitive Landscape |
Advanced Chemical Technologies, Inc., BASF SE, Carbon Recycling International (CRI), OCI N.V., Eni S.p.A., A.P. Moller – Maersk, Methanex Corporation, Mitsubishi Gas Chemical Company, Inc. (MCG), European Energy, Södra, Enerkem, VärmlandsMetanol AB, Liquid Wind AB, GIDARA Energy, Nordic Green ApS, Synhelion SA, HIF Global, WasteFuel, Glocal GreenGlocal Green, ABEL Energy Pty Ltd., Southern Green Gas Limited |
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Customization scope |
Free customization report with the procurement of the report, modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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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 Renewable Methanol Market Snapshot
Chapter 4. Global Renewable 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 Application Estimates & Trend Analysis
5.1. by Application & Market Share, 2024 & 2034
5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Application:
5.2.1. Fuel
5.2.2. Chemical Feedstock
5.2.2.1. Methanol-to-Olefins (MTO)
5.2.2.2. Formaldehyde
5.2.2.3. Methyl Tert-Butyl Ether (MTBE)
5.2.2.4. Dimethyl Ether (DME)
5.2.3. Other Application (Acetic acid, Antifreeze, Solvent)
Chapter 6. Market Segmentation 2: By Methanol Type Estimates & Trend Analysis
6.1. by Methanol Type & Market Share, 2024 & 2034
6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Methanol Type:
6.2.1. Bio-Methanol
6.2.1.1. Forestry and Agricultural Waste
6.2.1.2. Biogas/Biomass
6.2.1.3. Municipal Solid Waste (MSW)
6.2.1.4. Others (Sewage and by-products)
6.2.2. E-Methanol
Chapter 7. Market Segmentation 3: By End-user Estimates & Trend Analysis
7.1. by End-user & Market Share, 2024 & 2034
7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by End-user:
7.2.1. Transportation/Mobility
7.2.2. Chemical Industry
7.2.3. Power Generation
7.2.4. Other End-Use Industry (Construction, Electronics Industry, Paints Industry)
Chapter 8. Renewable Methanol Market Segmentation 4: Regional Estimates & Trend Analysis
8.1. North America
8.1.1. North America Renewable Methanol Market Revenue (US$ Million) Estimates and Forecasts by Methanol Type, 2021-2034
8.1.2. North America Renewable Methanol Market Revenue (US$ Million) Estimates and Forecasts by End-user, 2021-2034
8.1.3. North America Renewable Methanol Market Revenue (US$ Million) Estimates and Forecasts by Application, 2021-2034
8.1.4. North America Renewable Methanol Market Revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034
8.2. Europe
8.2.1. Europe Renewable Methanol Market Revenue (US$ Million) Estimates and Forecasts by Methanol Type, 2021-2034
8.2.2. Europe Renewable Methanol Market Revenue (US$ Million) Estimates and Forecasts by End-user, 2021-2034
8.2.3. Europe Renewable Methanol Market Revenue (US$ Million) Estimates and Forecasts by Application, 2021-2034
8.2.4. Europe Renewable Methanol Market Revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034
8.3. Asia Pacific
8.3.1. Asia Pacific Renewable Methanol Market Revenue (US$ Million) Estimates and Forecasts by Methanol Type, 2021-2034
8.3.2. Asia Pacific Renewable Methanol Market Revenue (US$ Million) Estimates and Forecasts by End-user, 2021-2034
8.3.3. Asia-Pacific Renewable Methanol Market Revenue (US$ Million) Estimates and Forecasts by Application, 2021-2034
8.3.4. Asia Pacific Renewable Methanol Market Revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034
8.4. Latin America
8.4.1. Latin America Renewable Methanol Market Revenue (US$ Million) Estimates and Forecasts by Methanol Type, 2021-2034
8.4.2. Latin America Renewable Methanol Market Revenue (US$ Million) Estimates and Forecasts by End-user, 2021-2034
8.4.3. Latin America Renewable Methanol Market Revenue (US$ Million) Estimates and Forecasts by Application, 2021-2034
8.4.4. Latin America Renewable Methanol Market Revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034
8.5. Middle East & Africa
8.5.1. Middle East & Africa Renewable Methanol Market Revenue (US$ Million) Estimates and Forecasts by Methanol Type, 2021-2034
8.5.2. Middle East & Africa Renewable Methanol Market Revenue (US$ Million) Estimates and Forecasts by End-user, 2021-2034
8.5.3. Middle East & Africa Renewable Methanol Market Revenue (US$ Million) Estimates and Forecasts by Application, 2021-2034
8.5.4. Middle East & Africa Renewable Methanol Market Revenue (US$ Million) Estimates and Forecasts by Country, 2021-2034
Chapter 9. Competitive Landscape
9.1. Major Mergers and Acquisitions/Strategic Alliances
9.2. Company Profiles
9.2.1. Advanced Chemical Technologies, Inc.
9.2.2. BASF SE
9.2.3. Carbon Recycling International (CRI)
9.2.4. OCI N.V.
9.2.5. Eni S.p.A.
9.2.6. A.P. Moller – Maersk
9.2.7. Methanex Corporation
9.2.8. Mitsubishi Gas Chemical Company, Inc. (MCG)
9.2.9. European Energy
9.2.10. Södra
9.2.11. Enerkem
9.2.12. VärmlandsMetanol AB
9.2.13. Liquid Wind AB
9.2.14. GIDARA Energy
9.2.15. Nordic Green ApS
9.2.16. Synhelion SA
9.2.17. HIF Global
9.2.18. WasteFuel
9.2.19. Glocal GreenGlocal Green
9.2.20. ABEL Energy Pty Ltd.
9.2.21. Southern Green Gas Limited
9.2.22. Other Prominent Players
Renewable Methanol Market- By Application
Renewable Methanol Market- By Methanol Type
Renewable Methanol Market- By End User
Renewable Methanol Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & 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:
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:
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.
