Green Methanol Market Overview: 2022-28
Base Year: 2021
Historical Years: 2017-20
Forecast Years: 2022-27
The Green Methanol Market is projected to grow at a CAGR of around 4.9% during the forecast period, i.e., 2022-27. Most of the market expansion would be driven by the growing inclination of the chemical, shipping, & automotive industries toward using green methanol and minimizing carbon emissions. Besides, stringent regulations for the shipping industry to reduce sulfur levels in fuels, coupled with the mounting adoption of renewable energy sources, including green methanol, across the automotive & aviation sectors, are other crucial aspects projected to boost the market in the coming years. In addition, the growing requirements for MTBE (Methyl-tert-butyl-ether) used for biodiesel production in the transportation sector, as well as formaldehyde for paints & coatings and construction applications, are further driving the demand for green methanol.
Markntel Advisor’s Green Methanol Market Insights report provides the current and forecast market analysis, individual leading companies’ market shares, challenges, Green Methanol Market drivers, barriers, Green Methanol Market Trends, and Key Players in Green Methanol Market.
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Green Methanol Market Dynamics: 2022-27
Rising Adoption of Green Methanol in the Shipping Industry: With strict norms for the maritime industry to reduce the sulfur level in their shipping fuels, shipping enterprises are opting for sulfur-less fuel alternatives in order to combat these stringent regulations and contribute to a greener future.
Since green methanol does not comprise sulfur & zero or a negligible amount of nitrogen oxide, it makes it an ideal fuel for the maritime industry. Various shipping companies worldwide, especially across Europe, have started using methanol as a fuel and are expanding their fleet size. Hence, the mounting adoption of renewable methanol in the shipping industry to mitigate rapid climate changes & meet carbon-neutral targets would drive the Global Green Methanol Market during 2022-27.
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Green Methanol Market (2022-27): Segmentation Outlook
The market report has segmented the market into the following categories:
- By Feedstock
- Biomass
- Agricultural Waste
- Forestry Residues
- Municipal Solid Waste (MSW)
- CO2
- Industrial Emissions
- Captured CO2
- Renewable Hydrogen
- Others
- Biomass
According to report, Of them all, Biomass is the most prominent type of feedstock likely to significantly contribute to the expansion of the Global Green Methanol Market during 2022-27.
- By Application
- Formaldehyde
- MTO (Methanol to Olefins)
- Dimethyl Ether (DME) & Methyl Tert-Butyl Ether (MTBE)
- Gasoline
- Solvents
- Others
According to report, Here, the transportation sector is projected to acquire a significant share in the green methanol market during 2022-27.
- By End-User
- Chemical
- Transportation (includes Shipping)
- Power Generation
- Automotive
- Others
- By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Top Companies Operating in the Green Methanol Market:
- Advanced Chemical Technologies
- BASF SE
- BioMCN
- Carbon Recycling International
- Enerkem
- European Energy
- Nordic Green
- NREL
- SABIC (Saudi Basic Industries Corporation)
- Södra Skogsägarna
- Vertimass
- Others
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