Global E-Methanol Market Assessment, By Energy Source, By Application, By Region, Opportunities and Forecast, 2018-2032F

Description

List of Tables

The global e-methanol market is projected to witness a CAGR of 72.41% during the forecast period 2025-2032, growing from USD 15.17 million in 2024 to USD 5,693.79 million in 2032. The ongoing technological advancements and increased government support have ramped up e-methanol production facilities. The cost of hydrogen and carbon dioxide sources significantly regulate the production cost of e-methanol, which usually ranges between USD 800-2400/ton, depending on the process for carbon dioxide. For instance, the first commenced plant in Iceland utilizes renewable hydrogen and carbon dioxide from a geothermal plant to produce E-methanol.

E-methanol caters to a myriad number of advantages, such as its adaptability as a liquid fuel that can be readily stored and transported at room temperature at normal pressures, unlike hydrogen or LNG. E-methanol produced from renewable sources, such as biomass or green hydrogen, helps reduce carbon emissions, thereby making it a greener alternative to conventional fuels. The market drivers include the need to scale production, increasing demand for renewable and sustainable fuel, increasing integration of e-methanol in chemical feedstocks, rise in competition for feedstock, legislative assistance, a profound increase in demand rate, and economic viability. These qualities underline e-methanol's promise as a long-term and diverse fuel choice in the transition to greener energy.

The rate of demand for e-methanol is rising exponentially. The expanding environmental concerns and the continuous need for sustainable fuels have raised the requirement for e-methanol. Moreover, the growing demand for electric cars, as well as the necessity for sustainable energy sources to replace old fossil fuels in a variety of sectors, are driving the market growth. In April 2023, Methanex, the world's largest methanol producer, estimated that worldwide methanol demand will represent an increase of more than 14 million mt over the following five years. This development trajectory is supported by a gradual shift to renewable methanol. On the other hand, the International Renewable Energy Agency (IRENA) also stated that it expects an expected annual output of 250 million mt of e-methanol by 2050.

Increasing Demand for Renewable and Sustainable Fuel is Expediting the Market Growth

The continuous rise in the necessity of renewable and sustainable fuel in numerous industries, such as transportation, chemical production, and power generation, has increased the demand for e-methanol at an exponential rate worldwide. The progress of renewable energy technology, which allows for efficient manufacturing by water electrolysis utilizing sources like wind, solar, and hydroelectric power, is accelerating the expansion of e-methanol. This green fuel functions as a versatile energy carrier, promoting grid stability, energy security, and the shift to a circular economy.

In line with this, large-scale renewable hydrogen and e-fuel integration projects are being developed across the globe. For instance, in China, the Inner Mongolia Duolun (Datang) wind-solar-hydrogen production integration wind farm is under construction. The project combines wind and solar power with hydrogen production facilities, aiming to create a sustainable pathway for green fuel generation. Such initiatives are expected to support the commercialization of e-methanol by ensuring reliable access to low-cost renewable hydrogen, which serves as a key feedstock.

Increasing Integration of E-Methanol in Chemical Feedstocks is Augmenting Market Expansion

The rising use of e-methanol in chemical feedstocks is having a substantial influence on the e-methanol business. This integration is being pushed by an increase in demand for green carbon feedstocks across the sectors. The move to e-methanol synthesis from CO2 and e-hydrogen is gaining traction, particularly in applications, such as chemical manufacturing, maritime and aircraft transportation, and methanol derivative generation.

For example, in January 2024, BASF Process Catalysts, a leading developer of innovative catalyst technology, announced a new collaboration with Envision Energy. The partnership intended to improve the conversion of green hydrogen and CO2 into e-methanol using an innovative, dynamic process architecture. With their respective skills, the two businesses are planning to optimize the process of manufacturing e-methanol from green hydrogen and CO2, opening the way for a more sustainable energy future. BASF will deliver SYNSPIRE catalyst technology that Envision Energy will incorporate into its energy management system.

Government Initiatives are Fuelling the Market Growth

Government measures are vital in accelerating the expansion of the e-methanol market. The collaboration of government entities with organizations aim to promote sustainable energy sources, while lowering carbon emissions by encouraging the production and use of e-methanol. The government initiatives are driving market growth and facilitating a shift towards cleaner and more sustainable fuel sources by introducing renewable energy projects, promoting research and development in clean fuel technologies, and establishing regulations that favour the use of e-methanol.

For example, China is advancing one of the world's largest e-methanol projects through Carbon Recycling International and Jiangsu Sailboat's Tianying project, which will utilize renewable hydrogen and captured CO2 to produce e-methanol at scale. Such large-scale government-supported initiatives demonstrate the strong policy push towards carbon neutrality and highlight how regulatory and infrastructural support is enabling the commercialization of e-methanol.

Asia Pacific Dominates the Market

Several factors have contributed to the rise of the e-methanol industry in the Asia Pacific region. China's rapidly expanding chemical and shipping sectors are driving innovation toward green methanol as a sustainable fuel and feedstock, particularly for marine applications. Additionally, national policies across the Asia Pacific region increasingly emphasize the decarbonization of transport and maritime sectors, incentivizing the adoption of e-methanol through regulations, subsidies, and infrastructure development. Furthermore, the growing demand for low carbon fuels and sustainable chemicals across Asia, driven by pollution concerns, energy security needs, and export competitiveness, is creating strong momentum for e-methanol production.

For example, in China, the Taonan (Jilin Province) wind-power plus biomass green methanol project, operated by Shanghai Electric, is now producing its first batch of green methanol. The facility, with a planned total capacity of 250,000 tonnes per year by 2027 (50,000 tonnes in its first phase), integrates renewable wind energy, biomass, and full-cycle green methanol production to supply methanol dual-fuel containerships, including those of CMA CGM.

Future Market Outlook (2025 - 2032F)

Due to the growing need for e-methanol in industries, such as transportation and chemicals, governments are spending a substantial amount of money for its technological advancements. This trend is expected to provide several market expansion opportunities in the future.

Key industry participants are indulging in various collaborations to enrich the quality of their e-methanol solutions, thereby paving the way for significant long-term development opportunities.

The significant increase in demand for kerosene and gasoline is propelling total market expansion, creating several prospects for future success.

The continued attempts of organizations to reduce carbon emissions have a substantial influence on market growth, with e-methanol providing a 95% decrease in carbon emissions. This environmental focus is projected to lead to significant market growth prospects in the future.

Key Players Landscape and Outlook

Key participants in the e-methanol market include Carbon Recycling International, Dalian Institute of Chemical Physics, Highly Innovative Fuels Global (HIF), NTPC Limited. The players are collaborating on various projects due to the growing need for e-methanol, the possibility for e-methanol to serve as a hydrogen transport carrier, and its role in facilitating the transition to green hydrogen. Furthermore, the rise in the need for sustainable energy solutions, the expansion of the chemical industry, which requires methanol feedstock, and the desire for cleaner energy alternatives all add to the appeal of e-methanol projects.

The Finnfjord e-Methanol project in Norway, developed by Carbon Recycling International, represents one of Europe's most advanced commercial e-methanol initiatives. The facility will capture CO2 emissions from the Finnfjord ferrosilicon plant and combine it with renewable hydrogen produced through water electrolysis powered by clean electricity. Using CRI's proprietary Emissions-to-Liquids (ETL) technology, the project aims to convert more than half of the plant's annual emissions into methanol, which can be used as both a low-carbon fuel and a sustainable feedstock for the chemical industry.

Product Code: MX10529

1. Project Scope and Definitions

2. Research Methodology

3. Executive Summary

4. Voice of Customer

4.1. Respondent Demographic
4.2. Factors Considered in Purchase Decision
4.3. Unmet Needs

5. Global E-Methanol Market Outlook, 2018-2032F

5.1. Market Size Analysis and Forecast
- 5.1.1. By Value
- 5.1.2. By Volume
5.2. Market Share Analysis & Forecast
- 5.2.1. By Energy Source
  - 5.2.1.1. Solar
  - 5.2.1.2. Hybrid + Carbon Capture and Utilization
  - 5.2.1.3. Wind
  - 5.2.1.4. Carbon Capture and Utilization + PEM Water Electrolysis
- 5.2.2. Application
  - 5.2.2.1. Chemical Feedstock
  - 5.2.2.2. Marine Fuel
  - 5.2.2.3. Others
- 5.2.3. By Region
  - 5.2.3.1. Europe
  - 5.2.3.2. Asia-Pacific
  - 5.2.3.3. South America
  - 5.2.3.4. Middle East and Africa
  - 5.2.3.5. North America
- 5.2.4. By Company Market Share Analyss (Top 4 Companies, Others - By Value, 2024)
5.3. Market Map Analysis, 2024
- 5.3.1. By Energy Source
- 5.3.2. By Application
- 5.3.3. By Region

6. Europe E-Methanol Market Outlook, 2018-2032F

6.1. Market Size Analysis and Forecast
6.2. Market Share Analysis & Forecast
- 6.2.1. By Energy Source
  - 6.2.1.1. Solar
  - 6.2.1.2. Hybrid + Carbon Capture and Utilization
  - 6.2.1.3. Wind
  - 6.2.1.4. Carbon Capture and Utilization + PEM Water Electrolysis
- 6.2.2. Application
  - 6.2.2.1. Chemical Feedstock
  - 6.2.2.2. Marine Fuel
  - 6.2.2.3. Others
- 6.2.3. By Country Share
  - 6.2.3.1. Iceland
  - 6.2.3.2. Denmark
  - 6.2.3.3. Spain
  - 6.2.3.4. Estonia
  - 6.2.3.5. Finland
  - 6.2.3.6. Sweden
6.3. Country Market Assessment

All segments will be provided for all regions and countries covered

7. Asia-Pacific E-Methanol Market Outlook, 2018-2032F

7.1. China
7.2. India

8. South America E-Methanol Market Outlook, 2018-2032F

8.1. Chile
8.2. Uruguay

9. Middle East and Africa E-Methanol Market Outlook, 2018-2032F

9.1. Saudi Arabia

10. North America E-Methanol Market Outlook, 2018-2032F

10.1. United States
10.2. Mexico

11. Porter's Five Forces Analysis

12. PESTLE Analysis

13. Market Dynamics

13.1. Market Drivers
13.2. Market Inhibitors (Challenges and Restraints)

14. Market Trends and Developments

15. Pricing Analysis

16. Competitive Landscape

16.1. Competition Matrix of Top 4 Market Leaders
16.2. SWOT Analysis of Top 4 Players
16.3. Key Player Landscape for Top 11 Market Leaders
- 16.3.1. Carbon Recycling International
  - 16.3.1.1. Company Details
  - 16.3.1.2. Key Management Personnel
  - 16.3.1.3. Key Products Offered
  - 16.3.1.4. Key Financial
  - 16.3.1.5. Key Market Focus and Geographical Presence
  - 16.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
- 16.3.2. Dalian Institute of Chemical Physics, Chinese Academy of Sciences
- 16.3.3. Highly Innovative Fuels Global
- 16.3.4. NTPC Limited
- 16.3.5. Orsted A/S
- 16.3.6. European Energy A/S
- 16.3.7. China Tianying Inc.
- 16.3.8. Inowa Neom
- 16.3.9. Liquid Wind AB
- 16.3.10. Elyse Energy SAS
- 16.3.11. Topsoe A/S

17. Strategic Recommendations

18. About Us and Disclaimer

Product Code: MX10529

List of Tables

Table 1. Competition Matrix of Top 5 Market Leaders
Table 2. Mergers & Acquisitions/ Joint Ventures (If Applicable)
Table 3. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

Figure 1: Global E-Methanol Market Size, By Value (USD Million), 2018-2032F
Figure 2: Global E-Methanol Market Size, By Volume (Kilotons), 2018-2032F
Figure 3: Global E-Methanol Market Share, By Energy Source, By Value, 2018-2032F
Figure 4: Global E-Methanol Market Share, By Application, By Value, 2018-2032F
Figure 5: Global E-Methanol Market Share, By Region, By Value, 2018-2032F
Figure 6: Global E-Methanol Market Share, By Company, By Value, 2024
Figure 7: Global E-Methanol Market Map, By Energy Source, By Value, 2024
Figure 8: Global E-Methanol Market Map, By Application, By Value, 2024
Figure 9: Global E-Methanol Market Map, By Region, By Value, 2024
Figure 10: Europe E-Methanol Market Size, By Value (USD Million), 2018-2032F
Figure 11: Europe E-Methanol Market Size, By Volume (Kilotons), 2018-2032F
Figure 12: Europe E-Methanol Market Share, By Energy Source, By Value, 2018-2032F
Figure 13: Europe E-Methanol Market Share, By Application, By Value, 2018-2032F
Figure 14: Europe E-Methanol Market Share, By Country, By Value, 2018-2032F
Figure 15: Iceland E-Methanol Market Size, By Value (USD Million), 2018-2032F
Figure 16: Iceland E-Methanol Market Size, By Volume (Kilotons), 2018-2032F
Figure 17: Iceland E-Methanol Market Share, By Energy Source, By Value, 2018-2032F
Figure 18: Iceland E-Methanol Market Share, By Application, By Value, 2018-2032F
Figure 19: Denmark E-Methanol Market Size, By Value (USD Million), 2018-2032F
Figure 20: Denmark E-Methanol Market Size, By Volume (Kilotons), 2018-2032F
Figure 21: Denmark E-Methanol Market Share, By Energy Source, By Value, 2018-2032F
Figure 22: Denmark E-Methanol Market Share, By Application, By Value, 2018-2032F
Figure 23: Spain E-Methanol Market Size, By Value (USD Million), 2018-2032F
Figure 24: Spain E-Methanol Market Size, By Volume (Kilotons), 2018-2032F
Figure 25: Spain E-Methanol Market Share, By Energy Source, By Value, 2018-2032F
Figure 26: Spain E-Methanol Market Share, By Application, By Value, 2018-2032F
Figure 27: Estonia E-Methanol Market Size, By Value (USD Million), 2018-2032F
Figure 28: Estonia E-Methanol Market Size, By Volume (Kilotons), 2018-2032F
Figure 29: Estonia E-Methanol Market Share, By Energy Source, By Value, 2018-2032F
Figure 30: Estonia E-Methanol Market Share, By Application, By Value, 2018-2032F
Figure 31: Finland E-Methanol Market Size, By Value (USD Million), 2018-2032F
Figure 32: Finland E-Methanol Market Size, By Volume (Kilotons), 2018-2032F
Figure 33: Finland E-Methanol Market Share, By Energy Source, By Value, 2018-2032F
Figure 34: Finland E-Methanol Market Share, By Application, By Value, 2018-2032F
Figure 35: Sweden E-Methanol Market Size, By Value (USD Million), 2018-2032F
Figure 36: Sweden E-Methanol Market Size, By Volume (Kilotons), 2018-2032F
Figure 37: Sweden E-Methanol Market Share, By Energy Source, By Value, 2018-2032F
Figure 38: Sweden E-Methanol Market Share, By Application, By Value, 2018-2032F
Figure 39: Asia Pacific E-Methanol Market Size, By Value (USD Million), 2018-2032F
Figure 40: Asia Pacific E-Methanol Market Size, By Volume (Kilotons), 2018-2032F
Figure 41: Asia Pacific E-Methanol Market Share, By Energy Source, By Value, 2018-2032F
Figure 42: Asia Pacific E-Methanol Market Share, By Application, By Value, 2018-2032F
Figure 43: Asia Pacific E-Methanol Market Share, By Country, By Value, 2018-2032F
Figure 44: China E-Methanol Market Size, By Value (USD Million), 2018-2032F
Figure 45: China E-Methanol Market Size, By Volume (Kilotons), 2018-2032F
Figure 46: China E-Methanol Market Share, By Energy Source, By Value, 2018-2032F
Figure 47: China E-Methanol Market Share, By Application, By Value, 2018-2032F
Figure 48: India E-Methanol Market Size, By Value (USD Million), 2018-2032F
Figure 49: India E-Methanol Market Size, By Volume (Kilotons), 2018-2032F
Figure 50: India E-Methanol Market Share, By Energy Source, By Value, 2018-2032F
Figure 51: India E-Methanol Market Share, By Application, By Value, 2018-2032F
Figure 52: South America E-Methanol Market Size, By Value (USD Million), 2018-2032F
Figure 53: South America E-Methanol Market Size, By Volume (Kilotons), 2018-2032F
Figure 54: South America E-Methanol Market Share, By Energy Source, By Value, 2018-2032F
Figure 55: South America E-Methanol Market Share, By Application, By Value, 2018-2032F
Figure 56: South America E-Methanol Market Share, By Country, By Value, 2018-2032F
Figure 57: Chile E-Methanol Market Size, By Value (USD Million), 2018-2032F
Figure 58: Chile E-Methanol Market Size, By Volume (Kilotons), 2018-2032F
Figure 59: Chile E-Methanol Market Share, By Energy Source, By Value, 2018-2032F
Figure 60: Chile E-Methanol Market Share, By Application, By Value, 2018-2032F
Figure 61: Uruguay E-Methanol Market Size, By Value (USD Million), 2018-2032F
Figure 62: Uruguay E-Methanol Market Size, By Volume (Kilotons), 2018-2032F
Figure 63: Uruguay E-Methanol Market Share, By Energy Source, By Value, 2018-2032F
Figure 64: Uruguay E-Methanol Market Share, By Application, By Value, 2018-2032F
Figure 65: Middle East and Africa E-Methanol Market Size, By Value (USD Million), 2018-2032F
Figure 66: Middle East and Africa E-Methanol Market Size, By Volume (Kilotons), 2018-2032F
Figure 67: Middle East and Africa E-Methanol Market Share, By Energy Source, By Value, 2018-2032F
Figure 68: Middle East and Africa E-Methanol Market Share, By Application, By Value, 2018-2032F
Figure 69: Middle East and Africa E-Methanol Market Share, By Country, By Value, 2018-2032F
Figure 70: Saudi Arabia E-Methanol Market Size, By Value (USD Million), 2018-2032F
Figure 71: Saudi Arabia E-Methanol Market Size, By Volume (Kilotons), 2018-2032F
Figure 72: Saudi Arabia E-Methanol Market Share, By Energy Source, By Value, 2018-2032F
Figure 73: Saudi Arabia E-Methanol Market Share, By Application, By Value, 2018-2032F
Figure 74: North America E-Methanol Market Size, By Value (USD Million), 2018-2032F
Figure 75: North America E-Methanol Market Size, By Volume (Kilotons), 2018-2032F
Figure 76: North America E-Methanol Market Share, By Energy Source, By Value, 2018-2032F
Figure 77: North America E-Methanol Market Share, By Application, By Value, 2018-2032F
Figure 78: North America E-Methanol Market Share, By Country, By Value, 2018-2032F
Figure 79: United States E-Methanol Market Size, By Value (USD Million), 2018-2032F
Figure 80: United States E-Methanol Market Size, By Volume (Kilotons), 2018-2032F
Figure 81: United States E-Methanol Market Share, By Energy Source, By Value, 2018-2032F
Figure 82: United States E-Methanol Market Share, By Application, By Value, 2018-2032F
Figure 83: Mexico E-Methanol Market Size, By Value (USD Million), 2018-2032F
Figure 84: Mexico E-Methanol Market Size, By Volume (Kilotons), 2018-2032F
Figure 85: Mexico E-Methanol Market Share, By Energy Source, By Value, 2018-2032F
Figure 86: Mexico E-Methanol Market Share, By Application, By Value, 2018-2032F

Global E-Methanol Market Assessment, By Energy Source, By Application, By Region, Opportunities and Forecast, 2018-2032F

Description

Table of Contents

List of Tables

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Executive Summary

4. Voice of Customer

5. Global E-Methanol Market Outlook, 2018-2032F

6. Europe E-Methanol Market Outlook, 2018-2032F

7. Asia-Pacific E-Methanol Market Outlook, 2018-2032F

8. South America E-Methanol Market Outlook, 2018-2032F

9. Middle East and Africa E-Methanol Market Outlook, 2018-2032F

10. North America E-Methanol Market Outlook, 2018-2032F

11. Porter's Five Forces Analysis

12. PESTLE Analysis

13. Market Dynamics

14. Market Trends and Developments

15. Pricing Analysis

16. Competitive Landscape

17. Strategic Recommendations

18. About Us and Disclaimer

List of Tables

List of Figures