Press release
Methane Market: Strong Growth Rate, Emerging Trends, and Key Players
Methane Market Share
What Is The Projected Market Size Of The Global Methane Market And Its Growth Rate?
The Methane market size has witnessed substantial growth in recent years evidence by the following key statistics:
• The market size has grown from $116.19 billion in 2024 to $127.45 billion in 2025, with a compound annual growth rate (CAGR) of 9.7%.
• The increase in the historic period is attributed to industrialization and energy production, agricultural activities, waste management, fossil fuel extraction, and changes in deforestation and land use.
• The market is set to see robust growth in the future, with a size reaching $182.09 billion in 2029 and a compound annual growth rate (CAGR) of 9.3%.
• This forecasted growth attributes to renewable energy initiatives, shift towards sustainable practices, investments in methane abatement solutions, and enhanced methane monitoring and reporting standards.
What Is Driving The Growth In The Methane Market?
The growth of the Methane market is primarily driven by the increasing demand in the automotive industry. The sector comprises firms engaged in producing, vending, fixing, and customizing motorized vehicles. Methane, being a cheap and clean source of fuel compared to traditional gasoline and diesel, is extensively utilized in powering vehicles. Notably, demand in the automotive market has seen a rise as highlighted by the 79.1 million automobiles produced globally in 2021, marking a 1.3% increase from the previous year as per a study by the European Automobile Manufacturers Association. Additionally, the US Department of Energy reported a substantial 85% increase in electric vehicle (EV) sales in 2021. This significant demand in the automotive industry propels the growth of the Methane market.
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Who Are the Key Players Driving Methane Market Growth?
The Methane Market's growth is propelled by major players, including:
• BP plc
• Oil and Natural Gas Corporation
• IGas Energy plc
• China National Petroleum Corporation
• Senex Energy Limited
• Shell plc
• China National Offshore Oil Corporation
• Metgasco Limited
• G3 Exploration Ltd
• Air Liquide SA
• Bhuruka Gases Limited
• Chengdu Taiyu Industrial Gases Co. Ltd
• Linde plc
• Osaka Gas Co. Ltd
• Qingdao Guida Special Gas Co. Ltd
• Primus Green Energy Inc
• Gazprom Neft PJSC
• Bharat Petroleum Corp. Ltd
• Chevron Corporation
• Exxon Mobil Corporation
• Honeywell International Inc
• TotalEnergies SE
• Hess Corporation
• Koch Minerals & Trading LLC
What Are The Key Trends In The Methane Market?
The Methane Market is witnessing the following key trends:
• Rising climate change awareness
• Enhanced Methane emission monitoring
• Reduction in agricultural and industrial emissions
• Policy and regulation changes related to methane emission.
What Are The Segments Of The Global Methane Market?
The global Methane Market is segmented by:
• Source: Natural, Synthetic
• Production Method: Fermentation, Gasification
• Application: Fuel, Natural Gas, Chemical Feedstock, Liquefied Natural Gas, Liquid-Methane Rocket Fuel, Power Generation, Residential, Other Applications
• End Users: Automotive, Aerospace And Defense, Electrical, Chemical, Other End Users.
Which Region Leads The Methane Market?
North America led the Methane Market in 2024, closely followed by Europe. The report covers various regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Methane Market Global Market Report?
- Market Size Analysis: Analyze the Methane Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Methane Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Methane Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Methane Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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