Green Methanol Market to hit US$ 23.19 billion by 2032 | Major Market players - Ørsted A/S, A.P. Moller - Maersk A/S, Carbon Recycling International (CRI)

"Global Green Methanol Market size reached US$ 2.13 billion in 2024 and is expected to reach US$ 23.19 billion by 2032, growing with a CAGR of 34.78% during the forecast period 2025-2032." As per DataM intelligence research report

The Green Methanol Market report by DataM Intelligence provides comprehensive insights and analysis on key market trends, growth opportunities, and emerging challenges. With a commitment to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. By combining qualitative and quantitative research methodologies, the firm delivers in-depth reports that help clients navigate complex market dynamics, drive strategic growth, and seize new opportunities in an ever-evolving global landscape.

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Green Methanol Market: Recent Industry Developments

United States: Recent Developments

✅ In June 2025, Maersk took delivery of its first large container vessel operating entirely on green methanol, marking a major milestone in maritime fuel transition.

✅ In 2025, Ørsted received federal funding to build a Power-to-X facility along the Texas Gulf Coast. Once operational, it will produce e-methanol using renewable wind and solar energy paired with captured industrial CO2 cutting CO2 emissions by over 90% compared to conventional marine fuel.

Japan: Recent Developments

✅ In May 2025, TRE Holdings and Mitsubishi Gas Chemical launched a strategic partnership to commercialize green methanol in Japan producing it from woody biomass and waste streams, surging forward in carbon-recycling fuel innovation.

✅ Expected in late 2026, Mitsubishi Gas Chemical and JFE Steel are set to roll out a pilot plant in western Japan for converting steel industry off-gases (CO2, CO, hydrogen) into green methanol fueling plastics production via propylene synthesis.

Green Methanol Market: Drivers

The green methanol market is gaining traction as industries and governments prioritize low-carbon fuels to meet climate goals. Produced from renewable sources such as biomass, CO2 capture, and green hydrogen, it offers a sustainable alternative to fossil-based methanol. Strong demand from the shipping industry, which is under pressure to cut carbon emissions, is a key driver. Supportive policies and international decarbonization targets are further accelerating adoption. Additionally, investments in renewable energy infrastructure are making production more feasible and cost-competitive.

Increased use of green methanol as a feedstock in chemicals, plastics, and synthetic fuels is boosting demand. Automotive and aviation industries are exploring it as a cleaner fuel option to reduce greenhouse gas emissions. Its potential role in carbon recycling makes it attractive for circular economy models. Growing corporate commitments to net-zero emissions are also pushing large-scale offtake agreements. Overall, technological advancements and global green energy initiatives are solidifying green methanol as a pivotal player in the energy transition.

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Segment Covered in the Green Methanol Market:

➥ By Type: Biomethanol, E-Methanol
➥ By Production Route: Power to Methanol, Biomethane Reforming, Biomass Gasification, Waste to Methanol
➥ By Application: Chemical, Fuel

Green Methanol Market: Major Players

Ørsted A/S, A.P. Moller - Maersk A/S, Carbon Recycling International (CRI), Proman AG, Methanex Corporation, OCI N.V., BASF SE, Liquid Wind AB, WasteFuel, Southern Green Gas.

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
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➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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Regional Analysis:

⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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✅ Competitive Landscape
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✅ Consumer Behavior & Demand Analysis
✅ Import-Export Data Monitoring
✅ Live Market & Pricing Trends

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