Global Green Methanol Market to Reach $3.15 Billion by 2031 - Exclusive DeepTech M-A-PTM Analysis by BIS Research

According to this study, the market size of the global green methanol market was valued at $122.35 million in 2021 and is projected to reach $3.15 billion by 2031. According to this study, the market size of the global green methanol market was valued at$122.35 millionin 2021 and is projected to reach$3.15 billionby 2031. The following factors are responsible for the increase in demand for green methanol: The detailed study is a compilation of 158 market data tables and 23...

According to this study, the market size of the global green methanol market was valued at $122.35 million in 2021 and is projected to reach $3.15 billion by 2031.

The following factors are responsible for the increase in demand for green methanol:

The detailed study is a compilation of 158 market data tables and 23 figures spread through 239 pages.

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Analyst's Take on the Market Projection

According to Sachin Singh, Lead Analyst, BIS Research, "Green methanol is steadily gaining traction as a clean alternative to marine fuel as it meets the stringent emission standards in emission control areas (ECAs) and the new global emission standard set by the International Maritime Organization (IMO) that came into effect in 2020.

In addition, various countries are mandating the use of gasoline-biofuel blends to reduce greenhouse gas (GHG) emissions. Green methanol has a high octane rating (RON of 109) and low knocking resistance, enabling engines to run at higher compression ratios for greater efficiency. As a result, its popularity as a gasoline additive is also increasing. It can be blended with gasoline in a variety of ratios ranging from 3% to pure methanol (e.g., M3, M15, M85, and M100).

Furthermore, green methanol demand for the production of aromatic compounds (BTX) and other chemicals is expected to rise during the forecast period."

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Existing Competitive Landscape

The companies that are profiled have been selected based on input gathered from primary experts and analyzing company coverage, product portfolio, and market penetration. Some of the established names in the market are BASF SE, Carbon Recycling International (CRI), OCI N.V., A.P. Moller – Maersk, Södra, Enerkem, GIDARA Energy, Nordic Green ApS, WasteFuel, Glocal Green, Methanex Corporation, Mitsubishi Gas Chemical Company, Inc. (MCG), European Energy, Eni S.p.A., Liquid Wind AB, Synhelion SA, HIF Global, ABEL Energy Pty Ltd., and Southern Green Gas Limited.

Recent Developments in the Global Green Methanol Market

Bio-Methanol to be the Dominant Segment Based on Methanol Type in the Green Methanol Market

The overall green methanol market largely includes two types of methanol, i.e., bio-methanol and e-methanol. The bio-methanol segment is the largest segment based on methanol type, and as per the study by BIS Research, this segment is expected to dominate the market during the forecast period 2022-2031.

Bio-methanol is produced from biological feedstock such as forest residue, municipal solid waste (MSW), biogas, and biomass. Bio-methanol production has been around for decades and does not require large investments, unlike e-methanol production, which requires large investments to set up green hydrogen and carbon capture plants.

The study, however, also suggests that e-methanol production is expected to grow at a faster rate than bio-methanol production during the forecast period, owing to the growing investment in green hydrogen, renewable energy, and power-to-x technology.

Want to learn more about the latest trends in the green methanol industry? Speak to our analysts

Exclusive DeepTech^TM MAP Analysis for Green Methanol by BIS Research:

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About BIS Research: 

BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends which can disrupt the market dynamics in the near future. We publish more than 200 market intelligence studies annually that focus on several deep technology verticals. 

Our strategic market analysis emphasizes on market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management. 

BIS Research offers syndicate as well as custom studies and expert consultations to firms, providing them with specific and actionable insights on novel technology markets, business models, and competitive landscapes. 

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