Renewable Methanol Market Size, Trends and Insights By Feedstock (Agriculture Waste, Municipal Waste, Renewable Energy, Others), By Application (Gasoline, Formaldehyde, MTBE, Dimethyl Ether, MTO, Acetic Acid, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Advanced Chemical Technologies
- Apex Energy Teterow GmbH
- Carbon Recycling International
- BASF SE
- Enerkem
- Others
Reports Description
Global Renewable Methanol Market was valued at USD 2.7 Billion in 2024 and is expected to reach USD 26.7 Billion by 2033, at a CAGR of 54.7% during the forecast period 2024 – 2033.
Low-carbon methanol produced from sustainable biomass (also called bio-methanol) or from carbon dioxide and hydrogen produced by renewable energy sources is called renewable methanol. Biomass and industrial waste are examples of renewable resources that are used to make renewable methanol.
Renewable Methanol Market: Growth Factors
Growing focus on reducing carbon emissions
Renewable methanol demand is being driven by several factors, including the increasing worldwide focus on lowering carbon emissions. The production of renewable methanol from biomass, carbon capture, and hydrogen derived from renewable electricity is increasing due to the growing demand for renewable ethanol.
An increasing demand for cleaner energy sources as major polluters, such as the G20 countries, attempt to heighten their intention and action in decreasing emissions. In addition, rising investments in energy-efficient buildings have been instrumental in lowering CO2 emissions.
EU took firm action against climate change, resulting in a more than 31% drop in EU emissions in 2022 compared with 1990 levels. This is mainly a result of a growing use of renewable energy and decreased use of carbon-intensive fossil fuels.
Improvements in energy efficiency and structural changes in the economy also contributed to meeting these goals. Global cooperation is essential for all climate change mitigation. The United Nations Framework Convention on Climate Change (UNFCCC) and the Paris Agreement ensure cooperation across borders to tackle climate change and ensure a sustainable future.
The EU has reduced net greenhouse gas emissions including international aviation, by 31% compared. Increased global efforts to reduce methane emissions would also be needed to mitigate global warming in the short term.
According to the latest available official data, emissions of methane were down by 36% in the EU in 202. The largest reductions in emissions occurred in energy supply, which includes energy industries and fugitive (leaked or uncaptured) emissions (-65%), waste (-37%) and agriculture (-21%).
Rising demand for renewable methanol as a motor fuel
The transportation industry’s growing usage of renewable methanol from throughout the world is expected to support market expansion. Natural gas, coal and landfill trash, wood waste, and seaweed are the raw materials used to make renewable methanol.
Growing preferences for methanol as a long-term transportation fuel for reducing greenhouse gas emissions is expected to propel the demand for renewable methanol during the forecast period. Compared to gasoline, it has a 15% -20% reduction in carbon emissions due to its high octane number, it has the highest hydrogen-to-carbon ratio when compared to liquid fuel and is frequently used as motor fuel.
It’s a liquid fuel that can be used in modern cars with little extra cost when combined with gasoline and ethanol. For instance, India has a 2 MT annual installed capacity for the production of methanol. By 2025, 20 MT of methanol can be produced yearly utilizing biomass, stranded gas, and Indian high-ash coal, according to the NITI Aayog proposal.
Thus, such expansion projects are expected to propel the demand for renewable methanol during the forecast period. These bioethanol plays a significant role in the production of biodiesel, which can be used in place of vehicle fuel. Renewable methanol finds extensive application in the energy, automotive, transportation, and chemical manufacturing sectors.
Renewable Methanol Market: Restraints
High demand for agricultural feedstock for the production of biogas and bio-ethanol
The production and application of renewable methanol are hindered by the growing market for agricultural feedstock, specifically crops used to produce biogas and bio-ethanol. Due to less space being made available for menthol-producing crops like peppermint and spearmint farmers are devoting more resources and land to crops like corn, sugarcane, and others that are now used primarily in the production of bio-fuels.
Furthermore, the lack of universal directives about the usage and applications of renewable methanol is expected to restrain the market growth during the forecast period. Every country has different directives about the usage of renewable methanol. Companies find it very difficult to cope with such country wide regulations, which in turn restrain the investment in the market, restraining the market growth.
Renewable Methanol Market: Opportunities
Increasing adoption of advanced and eco-friendly technology
Methanex, the world’s largest methanol producer, estimated that global methanol demand was approximately 88 million mt in 2022 and is expected to grow at a CAGR of approximately 3% or more than 14 million mt over the next five years.
This increase would be supported by a gradual shift to renewable methanol. Many cutting-edge and environmentally friendly technologies are used to produce renewable methanol. For example, Repsol, Enerkem, and Agbar constructed the first waste-to-chemicals plant in the Iberian Peninsula in 2021.
The facility can produce 220,000 metric tons of methanol annually for use in advanced biofuels or renewable polymers from about 400,000 metric tons of non-recyclable municipal solid trash. Up to 200,000 metric tons of CO2 emissions can be avoided annually thanks to this ground-breaking technology.
Maersk is the first to come forward to adopt the technology at European Energy’s Kassø plant for fueling its first e-methanol powered container vessel. The Kassø project in Denmark is the world’s largest e-methanol production facility so far and is expected to start commercial production in H2 2023.
Technology capable of generating such high-quality syngas as that used with Fischer-Tropsch technology for the production of various hydrocarbon type fuels (e.g. gasoline, diesel, kerosene) can be utilized in methanol production plants.
Renewable Methanol Market: Segmentation Analysis
Global Renewable Methanol Market is segmented by feedstock, application, and region. Based on feedstock, the market is segmented into agriculture waste, municipal waste, renewable energy, and others. The renewable energy segment dominated the market in 2023 with a market share of 40.1% and is expected to keep its dominance during the forecast period 2024-2033.
Green e-methanol is obtained by using CO2 captured from renewable sources (bioenergy with carbon capture and storage [BECCS] and direct air capture [DAC]) and green hydrogen, i.e. hydrogen produced with renewable electricity.
In the last few decades, growing concerns about the depletion of fossil fuels and the rise in global temperature brought on by greenhouse gas (GHG) emissions have made renewable energy the dominating segment in the worldwide market.
Hydroelectric, geothermal, and wind electricity are most commonly utilized for production. Moreover, companies are pushing the demand for alternative fuels like renewable methanol to lessen the increasing reliance on hydrocarbon-based fuels like coal, natural gas, and crude oil.
Based on application, the market is segmented into gasoline, formaldehyde, MTBE, Dimethyl ether, MTO, acetic acid, and others. Formaldehyde dominated the market in 2023 with a market share of 41.8% and is expected to keep its dominance during the forecast period 2024-2033.
Formaldehyde is an integral component and a backbone for the majority of chemical products. Methyl-t-Butyl Ether is a widely used component in fuel for gasoline-driven engines and therefore has significant applications in the global transportation sector.
Methyl-t-Butyl Ether is a group of oxygenates that is produced by using bioethanol. Further, the transportation sector has made immense transformations in terms of fuel-efficient vehicles, simultaneously causing lower environmental hazards. These factors led to high demand for renewable methanol in gasoline blends and the trend is likely to reflect steady growth over the coming years.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 2.7 Billion |
| Projected Market Size in 2033 | USD 26.7 Billion |
| Market Size in 2023 | USD 1.8 Billion |
| CAGR Growth Rate | 54.7% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Feedstock, Application and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Renewable Methanol Market: Regional Analysis
By Region, Renewable Methanol Market is segmented into North America, Europe, Asia Pacific, Latin America, the Middle East & Africa. Europe is the leading region in the Renewable Methanol Market in 2023 with a market share of 33.4% and is expected to keep its dominance during the forecast period 2024-2033.
Europe has posed a substantial market for renewable methanol since the introduction of the biofuel policy in the region in 2003, which set regulations and obligations to utilize 10% of renewable energy in the transportation sector of the region.
European Parliament and the European Council agreed to increase the maritime transport sector’s contribution to the European Union Green Deal, which aims to EU reduce greenhouse gas emissions by at least 55% by 2030, and reach climate neutrality by 2050.
The European Investment Bank is aiming to support more than Eur1 trillion of environmentally sustainable investments by 2030. In 2022, Danish company Topsøe AS signed a USD 45 million loan agreement with EIB to support its research into innovative green hydrogen technologies that may be used in several downstream sectors.
Renewable Methanol Market: Recent Developments
- In September 2023, Advent Technologies launched their newest range of Serene Power Systems, which are intended to combine a tiny fuel cell structure with a compact battery. Because methanol or eMethanol may be used to power the fuel cell, this technology is far more effective for a variety of technical applications.
- In January 2023, Project Air was started by Sweden to transform the chemical industry toward carbon neutrality. Uniper and the Perstorp Group are working together on the project. Sustainable methanol for the chemical sector will be produced through this partnership with CINEA project air using circular manufacturing procedures.
- In February 2022, British Columbia and Mitsui O.S.K. Lines, Ltd. (MOL), a Japanese transport firm formed a partnership. Through this partnership, Methanex and Mitsui O.S.K. Lines, Ltd. show the potential of methanol as a marine fuel that can lead to net-zero emissions.
List of the prominent players in the Renewable Methanol Market:
- Advanced Chemical Technologies
- Apex Energy Teterow GmbH
- Carbon Recycling International
- BASF SE
- Enerkem
- Fraunhofer
- Innogy
- Nordic Green
- OCI N.V.
- Sodra
- Uniper SE
- Vertimass LLC
- Methanex Corporation
- BioMCN
- Chemrec Inc.
- VarmlandsMethanol
- Alberta Pacific
- New Hope Energy
- Trans World Energy
- ENI
- Liquid wind
- Veolia
- Others
These key players are adopting various growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.
The Renewable Methanol Market is segmented as follows:
By Feedstock
- Agriculture Waste
- Municipal Waste
- Renewable Energy
- Others
By Application
- Gasoline
- Formaldehyde
- MTBE
- Dimethyl Ether
- MTO
- Acetic Acid
- Others
By End Use
- Chemicals
- Transportation
- Power Generation
- Others
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 Global Renewable Methanol Market, (2024 – 2033) (USD Billion)
- 2.2 Global Renewable Methanol Market: snapshot
- Chapter 3. Global Renewable Methanol Market – Industry Analysis
- 3.1 Renewable Methanol Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Growing focus on reducing carbon emissions
- 3.2.2 Rising demand for renewable methanol as a motor fuel
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Feedstock
- 3.7.2 Market Attractiveness Analysis By Application
- Chapter 4. Global Renewable Methanol Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Renewable Methanol Market: Company Market Share, 2023
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, collaboration, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Renewable Methanol Market – Feedstock Analysis
- 5.1 Global Renewable Methanol Market Overview: By Feedstock
- 5.1.1 Global Renewable Methanol Market Share, By Feedstock, 2023 and 2033
- 5.2 Agriculture Waste
- 5.2.1 Global Renewable Methanol Market by Agriculture Waste, 2024 – 2033 (USD Billion)
- 5.3 Municipal Waste
- 5.3.1 Global Renewable Methanol Market by Municipal Waste, 2024 – 2033 (USD Billion)
- 5.4 Renewable Energy
- 5.4.1 Global Renewable Methanol Market by Renewable Energy, 2024 – 2033 (USD Billion)
- 5.5 Others
- 5.5.1 Global Renewable Methanol Market by Others, 2024 – 2033 (USD Billion)
- 5.1 Global Renewable Methanol Market Overview: By Feedstock
- Chapter 6. Global Renewable Methanol Market – Application Analysis
- 6.1 Global Renewable Methanol Market Overview: By Application
- 6.1.1 Global Renewable Methanol Market Share, By Application, 2023 and 2033
- 6.2 Gasoline
- 6.2.1 Global Renewable Methanol Market by Gasoline, 2024 – 2033 (USD Billion)
- 6.3 Formaldehyde
- 6.3.1 Global Renewable Methanol Market by Formaldehyde, 2024 – 2033 (USD Billion)
- 6.4 MTBE
- 6.4.1 Global Renewable Methanol Market by MTBE, 2024 – 2033 (USD Billion)
- 6.5 Dimethyl Ether
- 6.5.1 Global Renewable Methanol Market by Dimethyl Ether, 2024 – 2033 (USD Billion)
- 6.6 MTO
- 6.6.1 Global Renewable Methanol Market by MTO, 2024 – 2033 (USD Billion)
- 6.7 Acetic Acid
- 6.7.1 Global Renewable Methanol Market by Acetic Acid, 2024 – 2033 (USD Billion)
- 6.8 Others
- 6.8.1 Global Renewable Methanol Market by Others, 2024 – 2033 (USD Billion)
- 6.1 Global Renewable Methanol Market Overview: By Application
- Chapter 7. Renewable Methanol Market – Regional Analysis
- 7.1 Global Renewable Methanol Market Regional Overview
- 7.2 Global Renewable Methanol Market Share, by Region, 2023 & 2033 (USD Billion)
- 7.3. North America
- 7.3.1 North America Renewable Methanol Market, 2024 – 2033 (USD Billion)
- 7.3.1.1 North America Renewable Methanol Market, by Country, 2024 – 2033 (USD Billion)
- 7.3.1 North America Renewable Methanol Market, 2024 – 2033 (USD Billion)
- 7.4 North America Renewable Methanol Market, by Feedstock, 2024 – 2033
- 7.4.1 North America Renewable Methanol Market, by Feedstock, 2024 – 2033 (USD Billion)
- 7.5 North America Renewable Methanol Market, by Application, 2024 – 2033
- 7.5.1 North America Renewable Methanol Market, by Application, 2024 – 2033 (USD Billion)
- 7.6. Europe
- 7.6.1 Europe Renewable Methanol Market, 2024 – 2033 (USD Billion)
- 7.6.1.1 Europe Renewable Methanol Market, by Country, 2024 – 2033 (USD Billion)
- 7.6.1 Europe Renewable Methanol Market, 2024 – 2033 (USD Billion)
- 7.7 Europe Renewable Methanol Market, by Feedstock, 2024 – 2033
- 7.7.1 Europe Renewable Methanol Market, by Feedstock, 2024 – 2033 (USD Billion)
- 7.8 Europe Renewable Methanol Market, by Application, 2024 – 2033
- 7.8.1 Europe Renewable Methanol Market, by Application, 2024 – 2033 (USD Billion)
- 7.9. Asia Pacific
- 7.9.1 Asia Pacific Renewable Methanol Market, 2024 – 2033 (USD Billion)
- 7.9.1.1 Asia Pacific Renewable Methanol Market, by Country, 2024 – 2033 (USD Billion)
- 7.9.1 Asia Pacific Renewable Methanol Market, 2024 – 2033 (USD Billion)
- 7.10 Asia Pacific Renewable Methanol Market, by Feedstock, 2024 – 2033
- 7.10.1 Asia Pacific Renewable Methanol Market, by Feedstock, 2024 – 2033 (USD Billion)
- 7.11 Asia Pacific Renewable Methanol Market, by Application, 2024 – 2033
- 7.11.1 Asia Pacific Renewable Methanol Market, by Application, 2024 – 2033 (USD Billion)
- 7.12. Latin America
- 7.12.1 Latin America Renewable Methanol Market, 2024 – 2033 (USD Billion)
- 7.12.1.1 Latin America Renewable Methanol Market, by Country, 2024 – 2033 (USD Billion)
- 7.12.1 Latin America Renewable Methanol Market, 2024 – 2033 (USD Billion)
- 7.13 Latin America Renewable Methanol Market, by Feedstock, 2024 – 2033
- 7.13.1 Latin America Renewable Methanol Market, by Feedstock, 2024 – 2033 (USD Billion)
- 7.14 Latin America Renewable Methanol Market, by Application, 2024 – 2033
- 7.14.1 Latin America Renewable Methanol Market, by Application, 2024 – 2033 (USD Billion)
- 7.15. The Middle-East and Africa
- 7.15.1 The Middle-East and Africa Renewable Methanol Market, 2024 – 2033 (USD Billion)
- 7.15.1.1 The Middle-East and Africa Renewable Methanol Market, by Country, 2024 – 2033 (USD Billion)
- 7.15.1 The Middle-East and Africa Renewable Methanol Market, 2024 – 2033 (USD Billion)
- 7.16 The Middle-East and Africa Renewable Methanol Market, by Feedstock, 2024 – 2033
- 7.16.1 The Middle-East and Africa Renewable Methanol Market, by Feedstock, 2024 – 2033 (USD Billion)
- 7.17 The Middle-East and Africa Renewable Methanol Market, by Application, 2024 – 2033
- 7.17.1 The Middle-East and Africa Renewable Methanol Market, by Application, 2024 – 2033 (USD Billion)
- Chapter 8. Company Profiles
- 8.1 Advanced Chemical Technologies
- 8.1.1 Overview
- 8.1.2 Financials
- 8.1.3 Product Portfolio
- 8.1.4 Business Strategy
- 8.1.5 Recent Developments
- 8.2 Apex Energy Teterow GmbH
- 8.2.1 Overview
- 8.2.2 Financials
- 8.2.3 Product Portfolio
- 8.2.4 Business Strategy
- 8.2.5 Recent Developments
- 8.3 Carbon Recycling International
- 8.3.1 Overview
- 8.3.2 Financials
- 8.3.3 Product Portfolio
- 8.3.4 Business Strategy
- 8.3.5 Recent Developments
- 8.4 BASF SE
- 8.4.1 Overview
- 8.4.2 Financials
- 8.4.3 Product Portfolio
- 8.4.4 Business Strategy
- 8.4.5 Recent Developments
- 8.5 Enerkem
- 8.5.1 Overview
- 8.5.2 Financials
- 8.5.3 Product Portfolio
- 8.5.4 Business Strategy
- 8.5.5 Recent Developments
- 8.6 Fraunhofer
- 8.6.1 Overview
- 8.6.2 Financials
- 8.6.3 Product Portfolio
- 8.6.4 Business Strategy
- 8.6.5 Recent Developments
- 8.7 Innogy
- 8.7.1 Overview
- 8.7.2 Financials
- 8.7.3 Product Portfolio
- 8.7.4 Business Strategy
- 8.7.5 Recent Developments
- 8.8 Nordic Green
- 8.8.1 Overview
- 8.8.2 Financials
- 8.8.3 Product Portfolio
- 8.8.4 Business Strategy
- 8.8.5 Recent Developments
- 8.9 OCI N.V.
- 8.9.1 Overview
- 8.9.2 Financials
- 8.9.3 Product Portfolio
- 8.9.4 Business Strategy
- 8.9.5 Recent Developments
- 8.10 Sodra
- 8.10.1 Overview
- 8.10.2 Financials
- 8.10.3 Product Portfolio
- 8.10.4 Business Strategy
- 8.10.5 Recent Developments
- 8.11 Uniper SE
- 8.11.1 Overview
- 8.11.2 Financials
- 8.11.3 Product Portfolio
- 8.11.4 Business Strategy
- 8.11.5 Recent Developments
- 8.12 Vertimass LLC
- 8.12.1 Overview
- 8.12.2 Financials
- 8.12.3 Product Portfolio
- 8.12.4 Business Strategy
- 8.12.5 Recent Developments
- 8.13 Methanex Corporation
- 8.13.1 Overview
- 8.13.2 Financials
- 8.13.3 Product Portfolio
- 8.13.4 Business Strategy
- 8.13.5 Recent Developments
- 8.14 BioMCN
- 8.14.1 Overview
- 8.14.2 Financials
- 8.14.3 Product Portfolio
- 8.14.4 Business Strategy
- 8.14.5 Recent Developments
- 8.15 Chemrec Inc.
- 8.15.1 Overview
- 8.15.2 Financials
- 8.15.3 Product Portfolio
- 8.15.4 Business Strategy
- 8.15.5 Recent Developments
- 8.16 VarmlandsMethanol
- 8.16.1 Overview
- 8.16.2 Financials
- 8.16.3 Product Portfolio
- 8.16.4 Business Strategy
- 8.16.5 Recent Developments
- 8.17 Alberta Pacific
- 8.17.1 Overview
- 8.17.2 Financials
- 8.17.3 Product Portfolio
- 8.17.4 Business Strategy
- 8.17.5 Recent Developments
- 8.18 New Hope Energy
- 8.18.1 Overview
- 8.18.2 Financials
- 8.18.3 Product Portfolio
- 8.18.4 Business Strategy
- 8.18.5 Recent Developments
- 8.19 Trans World Energy
- 8.19.1 Overview
- 8.19.2 Financials
- 8.19.3 Product Portfolio
- 8.19.4 Business Strategy
- 8.19.5 Recent Developments
- 8.20 ENI
- 8.20.1 Overview
- 8.20.2 Financials
- 8.20.3 Product Portfolio
- 8.20.4 Business Strategy
- 8.20.5 Recent Developments
- 8.21 Liquid wind
- 8.21.1 Overview
- 8.21.2 Financials
- 8.21.3 Product Portfolio
- 8.21.4 Business Strategy
- 8.21.5 Recent Developments
- 8.22 Veolia
- 8.22.1 Overview
- 8.22.2 Financials
- 8.22.3 Product Portfolio
- 8.22.4 Business Strategy
- 8.22.5 Recent Developments
- 8.23 Others.
- 8.23.1 Overview
- 8.23.2 Financials
- 8.23.3 Product Portfolio
- 8.23.4 Business Strategy
- 8.23.5 Recent Developments
- 8.1 Advanced Chemical Technologies
List Of Figures
Figures No 1 to 25
List Of Tables
Tables No 1 to 52
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2033
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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Prominent Player
- Advanced Chemical Technologies
- Apex Energy Teterow GmbH
- Carbon Recycling International
- BASF SE
- Enerkem
- Fraunhofer
- Innogy
- Nordic Green
- OCI N.V.
- Sodra
- Uniper SE
- Vertimass LLC
- Methanex Corporation
- BioMCN
- Chemrec Inc.
- VarmlandsMethanol
- Alberta Pacific
- New Hope Energy
- Trans World Energy
- ENI
- Liquid wind
- Veolia
- Others
FAQs
The major driver for the Renewable Methanol Market growing focus on reducing carbon emissions and rising demand for renewable methanol as a motor fuel.
The “Gasoline” had the largest share in the global market for Renewable Methanol.
The “Agriculture Waste” category dominated the market in 2023.
The key players in the market are Advanced Chemical Technologies, Apex Energy Teterow GmbH, Carbon Recycling International, BASF SE, Enerkem, Fraunhofer, Innogy, Nordic Green, OCI N.V., Sodra, Uniper SE, Vertimass LLC, Methanex Corporation, BioMCN, Chemrec Inc., VarmlandsMethanol, Alberta Pacific, New Hope Energy, Trans World Energy, ENI, Liquid wind, Veolia, Others.
“Europe” had the largest share in the Renewable Methanol Market.
The global market is projected to grow at a CAGR of 54.7% during the forecast period, 2024-2033.
The Renewable Methanol Market size was valued at USD 2.7 Billion in 2024.