Renewable Methanol Market

Global Renewable Methanol Market Analysis and Opportunity Assessment by Primary Source, End Use Sector, Region, and Country – Forecast 2022 – 2032

The market is expected to generate an incremental $ opportunity of US$ 2,082.6 Mn between 2022 and 2032

Category: Chemicals & Materials


ID: CVC-00463


Format: PDF+Excel Dataset


Published Date: October 2022


Pages: 300

Renewable Methanol Market Size Analysis

According to a recent survey conducted by ChemView Consulting, the Global Renewable Methanol Market grew at a CAGR of 5.2% between 2017-2021 and is estimated to be US$ 2,874.9 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 5.6 % and is expected to reach a valuation of US$  4,957.5 Mn by 2032 end.

The increase in carbon dioxide emissions and strict environmental restrictions to lessen the effects of carbon dioxide are fueling the growth of the worldwide renewable methanol market. This element is anticipated to increase demand for renewable methanol, which finds use in the industrial and transportation sectors. Additionally, it is expected that producing renewable methanol from agricultural and industrial waste would give the industry chances for future expansion.

Market Dynamic


Renewable methanol is an integral element in the chemical industry, which is implemented as a feedstock in large quantities to produce several chemicals. The chemical industry is expanding globally with increasing production, which will stimulate the market’s growth in the forecast period.

Expansion in the chemical industry will augment higher uses of renewable methanol in the production of various chemicals, ultimately contributing to the growth of market prospects.


The production of renewable methanol involves a high cost which has been a challenge in the market for many years and might affect the market’s growth in the forecast period. The expensive nature of the production process restricts the scaling up of renewable methanol.


As the automotive industry is witnessing unprecedented growth in the upcoming years, there is an immense demand for renewable methanol, which can be used as a fuel. The market is projected to grow over the forecast period in line with the growing implementation of renewable methanol as a fuel in various vehicles to meet growing energy demands across transportation sectors.

COVID-19 Impact

The COVID-19 pandemic hurt the renewable methanol market. Supply chain disruption and raw material procurement were the major challenges faced by the market during the pandemic. Market players had to modify their working strategies to maintain a stable business operation amid the pandemic. As per the April 2020 report by OCI N.V., the demand for methanol got hindered due to the slowdown of industrial activity.

The stagnant growth in automotive, chemical, and power generation further restricted the market’s growth during the pandemic. According to Forrester Consulting Inc., consumer demand for alternative fuels is expected to grow significantly from 2020 through 2021, with Biofuel 4.0 set to comprise five percent of worldwide transportation fuels by 2024.

Renewable Methanol Market

Market Segments Covered in Report

By Primary Source:

  • Biomass
  • Municipal Waste
  • Industrial Waste
  • Others

By End Use Sector:

  • Formaldehyde
  • MTBE
  • Gasoline
  • Dimethyl Ethers
  • Solvents
  • Others

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

Why is Biomass Feedstock to Produce Next Generation Fuelling Solutions projected to ensure the most revenue during the forecast period?

At 42.0% of the market, Biomass Feedstock had the greatest revenue share. Biomass feedstocks are the most preferred feedstocks to produce renewable methanol across the globe. Low treatment cost and pre-treatment methods are some factors that provide biomass an edge over its alternatives. Production of methanol using biomass feedstocks solves two of the major environmental concerns: treatment of waste and reduction of vehicle emissions, owing to which various environment protection agencies, regulatory bodies, and regional governments provide multiple benefits and aid in the set-up of production lines and production of renewable methanol.

Why is the Formaldehyde segment expected to expand the fastest during the forecast period?

A wide spectrum of vital chemicals across the globe. About 29.0% of the renewable methanol produced worldwide is consumed in formaldehyde (HCHO) manufacturing. Chemical synthesis of formaldehyde also finds its applications in various industries, including paints and coatings, food, medicine, disinfection, and numerous others. Due to such immense use of chemicals in some rapidly growing industries, formaldehyde manufacturers are anticipated to create ample opportunities for methanol manufacturers over the upcoming assessment period of 2022-2032.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

  • In 2021, the North American market held a sizeable revenue share of 30.7 %. The U.S. is one of the largest consumers of renewable methanol globally, with stringent government regulation and high awareness regarding its carbon footprint as key factors fuelling this use in fuel and other products.
  • India is considered to be the fastest-growing market for methanol and renewable methanol across the world. Regulations over vehicle emissions are among the key factors promoting the growth of renewable methanol in the country. Implementing BS – III, BS – IV, BS – VI, and various other regulations, including compulsory use of methanol or other renewable fuel in fuel blending, benefits the market.

Competition Analysis

The renewable methanol market is focused on the key needs of China, India, and Japan. The rising demand for sustainable products and government initiatives stimulate market expansion. Key manufacturers are engaged in developing production capacity to cater to the growing demand for natural gas-derived methanol. Rising competition among key players is expected to reduce prices in this market.

Some of the key developments that have taken place in the Renewable Methanol Market include:

  • In June 2019, To create methanol using renewable energy, Eni and Synhelion joined forces. Eni can reduce greenhouse gases and use carbon dioxide as a raw material thanks to this partnership.

A list of some of the key suppliers present in the market are:

  • Methanex Corporation
  • Carbon Recycling International
  • BioMCN
  • Enerkem
  • Chemrec Inc.
  • VarmlandsMethanol
  • Alberta Pacific
  • New Hope Energy
  • Trans World Energy
  • Proman
  • ENI
  • Apex Energy Teterow GmbH
  • Liquid wind
  • Veolia

Report Coverage and Highlights

  • Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
  • Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
  • The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
  • Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
  • Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
  • Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
  • Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
  • Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
  • Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
  • Strategic market analysis, recommendations, and future headways on crucial winning strategies.
Research Scope Details
Forecast period 2022-2032
Historical data available for 2017-2021
Market analysis USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032
Key regions covered North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa
Key countries covered US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt
Key segments covered By Primary Source, End-Use Sector, and Region
Customization scope Available upon Request
Pricing and purchase options Available upon Request
  • Report Includes

    Market Size Data

    • Global market size data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment and region
    • Regional level market size data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment and country
    • Country level market share data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment
    • Market attractiveness analysis based on market share index and CAGR index for each of the segments and regions
    • Incremental dollar opportunity generated in the forecast period would be indicated
    • Key Takeaways, Recommendations, and key investment pockets for the relevant segments would be highlighted

    Market Background

    • Macroeconomic factors that impact the market developments
    • Market dynamics (Drivers, Restraints, Opportunities) that positively or negatively influence market growth
    • Supply Side and Demand Side trends – trends witnessed from buyers and suppliers side
    • Production and Consumption Gap Analysis – analysis of gap between production and consumption in any geography to fulfil unmet demand
    • Trade analysis and analysis of key supply and demand hubs
    • Identification of hotbed opportunities existing in the market
    • Porter’s and PEST analysis to understand the business environment of the geography
    • Regulatory scenario – Identification of key sector specific and trade regulations, and assessment of whether it helps or hinder market development & growth

    Pricing Analysis

    • Regional-level product pricing analysis to set and benchmark your current or future product offerings across each product type
    • Historical and projected pricing trends of the product which helps in determining the product’s price and/or services beneficial for companies product lifecycle
    • Cost teardown analysis and key factors impacting pricing

    Value Chain Analysis

    • Country-wise list of raw material suppliers
      • Raw material price trends and buyers’ sentiment
      • Overview of Intelligent Sourcing Technique
      • Raw material procurement requirements
      • Vendor selection criteria
    • Country-wise list of product manufacturers
    • Country-wise list of distributors/traders
    • Country-wise list of end-users
      • End-Users/Customers consumption mapping
      • Key End-Users/Customers client list
    • Country-wise list of other key channel partners
    • Average profitability margins
    • Regional value chain dynamics

    Competition Analysis

    • Market shares and production capacities of key players
    • Tier structure analysis of market
    • Comprehensive competition dashboard representing the top 10-15 players in the market
    • Individual company profiles of top 15 to 20 manufacturers
      • Business Overview
      • Product Portfolio
      • Key Financials
      • Recent Developments
      • SWOT Analysis
      • Strategies

Country Coverage
North America: U.S., Canada
Latin America: Brazil, Mexico, Argentina, Central America, Rest of Latin America
Western Europe: Germany, Italy, France, UK, Spain, Poland, Romania, Rest of Western Europe
Eastern Europe: Russia & Belarus, Balkan Countries, Baltic Countries, Central Asia, Rest of Eastern Europe
Middle East & Africa: KSA, UAE, Turkey, Israel, Northern Africa, South Africa, Rest of Middle East & Africa
East Asia: China, Japan, South Korea
South Asia & Pacific: India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific

Why Choose CVC Market Research?;

  • Specialized market research company
  • Impeccable and deep industry expertise
  • Wide range of offerings
  • Robust research methodology and statistical models with least deviation
  • Extensive reports and full-service consulting
  • Expert panel sanctioned industry outlook
  • Growth dynamics for calculated investments
  • Tri-level quality guarantee
  • 6 months unlimited post-sales support
  • Regular planned and contracted report updates

Frequently Asked Questions

In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 5.6%.

The growing concern for sustainable living and the decline in carbon emissions has boosted the demand for renewable energy resources among all segments of nations. The global renewable methanol market is anticipated to witness a surge in demand over the next decade.

Major global Renewable Methanol Market players are ENI, BASF SE, Apex Energy Teterow GmbH, Methanex Corporation, VarmlandsMethanol, Alberta Pacific,  Carbon Recycling International, BioMCN, Enerkem, Chemrec Inc., New Hope Energy, Trans World Energy, Proman, Liquid wind, Veolia and others.

Market growth is constrained by the high capital investment needed to deploy Renewable Methanol systems.

The North America region is expected to account for the largest market revenue share in the Global Renewable Methanol market.

User License

Single User License
Multi User License
Corporate User License
Data Pack/Excel

We Accept

Chem view Chem view Chem View Chem view
Chem View

Safe & Secure Payments

Let us Help You!

Facing issues finding the exact research to meet your business needs? Let us help you! One of our Research Executives will help you locate the research study that will answer your concerns.

Connect with Us!

    Let us Help you!

    Facing issues finding the exact research to meet your business needs? Let us help you! One of our Research Executives will help you locate the research study that will answer your concerns.

    Speak to Analyst

    Connect with Us!