Green Methanol Market Forecast Report 2024-2030

Global green methanol market

Dublin, August 14, 2024 (GLOBE NEWSWIRE) — The report “Green Methanol Market by Feedstock (Biomass, Green Hydrogen, CCS), Derivatives (Formaldehyde, Dimethyl Ether and Methyl Tert-Butyl Ether, Gasoline, Methanol-to-Olefin, Solvent), Application (Chemical Feedstock, Fuel) and Region – Forecasts to 2030” has been added to The Offer.

The global green methanol market is expected to grow from USD 1.9 billion in 2024 to USD 11.1 billion by 2030, growing at a compound annual growth rate (CAGR) of 33.8% during the forecast period.

This growth is driven by strict 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 traditional methanol made from fossil fuels. This regulatory environment provides incentives for the industry to adopt green methanol.

The report outlines, categorizes and forecasts the Green Methanol market size by derivatives, sub-derivatives, end-uses and geographical regions. It offers strategic profiles of the key players and thoroughly studies their market presence and key strengths. Furthermore, the report monitors and evaluates competitive activities such as acquisitions, agreements, investments, joint ventures, mergers, new product launches, expansions, divestments and partnerships that these players enter into in the market.

By feedstock, carbon capture and storage is expected to be the fastest growing segment of the green methanol market by volume between 2024 and 2030.

Carbon capture and storage (CCS) is becoming increasingly popular as a feedstock for green methanol because it helps reduce carbon emissions and provides a sustainable source of carbon dioxide (CO2) to produce methanol. CCS technology captures CO2 from factories or the air, stores it underground to prevent it from contributing to climate change, and then uses it along with renewable hydrogen to produce methanol.

The reason for the increasing growth of CCS is that it offers a cost-effective way to capture CO2 for methanol production while meeting strict environmental regulations. Governments are supporting CCS with incentives and taxes to encourage its use. As industry and business become more focused on reducing emissions, CCS is becoming an important part of producing green methanol and helping the industry become more sustainable.

By application, fuel is expected to be the fastest growing segment of the green methanol market between 2024 and 2030.

Fuel is expected to be the fastest growing application segment in the green methanol market from 2024 to 2030. The fuel segment is expected to grow rapidly due to tighter environmental regulations and a shift to sustainable energy. Green methanol offers a lower-carbon alternative for sectors such as shipping, transportation (either blended with gasoline or used in certain engines) and power generation. Its high energy density and compatibility with existing infrastructure make it an attractive option for the transportation sector, allowing for easier adoption without significant infrastructure changes.

The Green Methanol Market in the North America region is expected to register the highest CAGR during the forecast period

North America is expected to witness the highest compound annual growth rate (CAGR) in the green methanol market during the forecast period. Due to the ambitious climate targets and stringent environmental regulations of the European Union, North America is expected to witness the highest compound annual growth rate (CAGR) in the green methanol market from 2024 to 2030. North American companies are leading the technology and infrastructure development for the production of green methanol and thus have a good chance of capturing a larger market share.

The report is designed to assist market leaders and new entrants by offering precise revenue estimations for the Green Methanol market and its segments. Furthermore, it offers stakeholders a clearer view of the market’s competitive landscape and helps them improve their business positions and develop effective market strategies. Furthermore, the report enables stakeholders to understand market dynamics by highlighting key drivers, obstacles, challenges, and opportunities.

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Key findings of the report include:

• To analyze the key drivers (growing demand for sustainable fuels, increasing support for renewable energy sources), restraints (high cost of production), opportunities (use of green methanol as an alternative fuel in shipping and manufacturing industries, technological advancements) and challenges (capital intensive environment, volatility in raw material prices) influencing the growth of the green methanol market.

• Product Development/Innovation: Detailed insights into upcoming technologies, research and development activities in the green methanol market.

• Market Development: Comprehensive information on lucrative markets – the report analyzes the green methanol market in various regions.

• Market Diversification: Comprehensive information on new products and services, untapped regions, 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 (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) and others in the green methanol market.

Main features:

Main topics covered:

Premium Insights

• Attractive opportunities for players in the green methanol market

• Green methanol market by region

• Green Methanol Market, by Application

• Green methanol market, by raw material

• Green Methanol Market, Major Countries

Market dynamics

driver

Restrictions

Opportunities

challenges

• Cost competitiveness in the production of green methanol

• Low consumer awareness of the benefits of green methanol

• Infrastructure, scaling and efficiency constraints for production

Technology analysis

• Key technologies

• Adjacent technologies

Case study analysis

• Carbon Recycling International produces renewable methanol from CO2

• Enerkem produces renewable methanol from municipal waste

• Biomcn processes renewable methanol from biogas

Profiled companies

• Petroliam Nasional Berhad (Petronas)

• Carbon Recycling International

• Sungas Renewable Energies

• Abel Energy

• OCI

• Methanex

• Mitsubishi Gas Chemical Company

• Energy

• Alberta Pacific Forest Industries

• Introduce energy

• South

• Proman

• Värmsland Methanol

• Iberdrola

• Lowlands Methanol

• Swiss Liquid Future

• Liquid Wind

• Renewable Hydrogen Canada

• European Energy

For more information about this report visit https://www.researchandmarkets.com/r/4cwn7i

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