Green Methanol Market to Hit $11.18 Billion by 2030
The global Green Methanol Market is projected to rise significantly from USD 2.59 billion in 2025 to USD 11.18 billion by 2030, registering a CAGR of 34.0%, according to the report titled Green Methanol Market by Feedstock, Derivative, Application, and Region – Global Forecast to 2030.
This rapid growth is attributed to increasing emphasis on lowering greenhouse gas emissions and combating climate change, fueling the shift toward green methanol as a sustainable substitute for fossil fuel-derived methanol. Additionally, supportive government policies that incentivize renewable energy and emissions reduction are accelerating investments and developments in the green methanol sector.
Key industry players include:
- Enerkem Inc. (Canada)
- Carbon Recycling International Inc. (Iceland)
- Methanex Corporation (Canada)
- Proman (Switzerland)
- Södra (Sweden)
Recent Developments:
- Feb 2025: Mitsubishi Gas Chemical Company and Element 1 Corp. signed an MoU to develop methanol-to-hydrogen generator technology.
- Oct 2024: Carbon Recycling International partnered with Taoving Group to implement e-methanol production technology in China.
- Sept 2024: Methanex Corporation acquired OCI Global’s methanol business for USD 2.05 billion, boosting global capacity and low-carbon strategy.
- May 2024: SunGas Renewables Inc. collaborated with C2X LLC to advance green methanol infrastructure in North America.
North America Leads the Market:
North America holds the top spot in market growth due to robust regulatory support like Canada's Clean Fuel Standard and the U.S. Renewable Fuel Standard. Technological progress, government incentives, and increasing use in marine and aviation sectors are also driving regional growth. Innovations in carbon capture and integration with hybrid-electric systems further reinforce green methanol's potential across sectors.