Press release
Global Bio Methanol Market Surges Amid Push for Sustainable Energy | Key Trends, Drivers & Forecasts to 2029
Bio Methanol Market SizeThe global Bio Methanol revenue was US$ 91 million in 2022 and is forecast to a readjusted size of US$ 923.9 million by 2029 with a CAGR of 46.1% during the forecast period (2023-2029).
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Global key producers of biomethanol are OCI/BioMCN, BASF, Methanex, Enerkem, Södra, Alberta-Pacific, and others. The top six producers together account for more than 95% of the market share, with the largest producer being OCI/BioMCN with 70% share. The global origins are mainly located in North America, Europe, China, etc., with Europe being the largest production region with a 50% share. In terms of material sources, biomegas occupies the majority of the market share, accounting for more than 80%, followed by by-products and waste, accounting for 15% and 5%, respectively. In terms of its applications, methyl tert-butyl ether (MTBE) holds 60% of the market share. In addition, fuels and dimethyl ether (DME) are also its application areas.
By Type
• Biogas Sourced
• Waste Sourced
• By-Product Sourced
By Application
• MTBE
• DME
• Fuels
Key Companies
OCI(BioMCN), BASF, Methanex, Enerkem, Södra, Alberta-Pacific, Metsä Fibre, Glocal Green, GIDARA Energy, WasteFuel, Abel Energy, NextChem, Debo, Green Technology Bank, CIMC ENRIC
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