Top 15 Global Companies in Renewable Methanol Market (2025–2032): Spherical Insights Analysis
RELEASE DATE: Oct 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Renewable Methanol Market Size is projected to Grow from USD 3.75 Billion in 2024 to USD 6.25 Billion by 2035, at a CAGR of 4.75% during the forecast period 2025–2035. Among the main factors driving the market are the public's growing awareness of environmental issues, the growing use of renewable methanol as an additive and a gasoline substitute, and the government's stricter emissions regulations.
Introduction
The Renewable Methanol Market Size refers to the global industry focused on the production, distribution, and application of methanol derived from sustainable sources. A sustainable and eco-friendly substitute for conventional methanol, which is mostly made from fossil fuels, is renewable methanol. It is created by a process that makes use of renewable resources, including biomass, carbon dioxide (CO2) that has been captured from the atmosphere or industrial emissions, and renewable electricity. These feedstocks are usually converted into syngas using this novel production technique, which is followed by additional synthesis to produce methanol. Energy storage, transportation fuels, and the synthesis of different chemicals and materials can all benefit from the use of renewable methanol as a chemical feedstock and energy carrier. By reducing greenhouse gas emissions and providing a competitive alternative in the shift to cleaner energy and chemical production, its development marks a major step towards a more sustainable and circular economy.
Navigate Future Markets with Confidence: Insights from Spherical Insights LLP
The insights presented in this blog are derived from comprehensive market research conducted by Spherical Insights LLP, a trusted advisory partner to leading global enterprises. Backed by in-depth data analysis, expert forecasting, and industry-specific intelligence, our reports empower decision-makers to identify strategic growth opportunities in fast-evolving sectors. Clients seeking detailed market segmentation, competitive landscapes, regional outlooks, and future investment trends will find immense value in the full report. By leveraging our research, businesses can make informed decisions, gain a competitive edge, and stay ahead in the transition toward sustainable and profitable solutions.
Unlock exclusive market insights-Download the Brochure now and dive deeper into the future of the Renewable Methanol Market.
Renewable Methanol Market Size & Statistics
- The Market Size for Renewable Methanol Was Estimated to be worth USD 3.75 Billion in 2024.
- The Market Size is Going to Expand at a CAGR of 4.75% between 2025 and 2035.
- The Global Renewable Methanol Market Size is anticipated to reach USD 6.25 Billion by 2035.
- Asia Pacific is estimated to grow at the highest share during the forecast period in The Renewable Methanol Market.
- Europe is anticipated to grow at the fastest CAGR during the forecast period in The Renewable Methanol Market.
Regional growth and demand
Europe is projected to grow the fastest during the forecast period in the renewable methanol market. The European market is attributed to increasing production plants in the region due to the increasing need for renewable methanol from application industries such as transportation and automobiles in the region. Europe pose a substantial market for renewable methanol since the introduction of the biofuel policy in the region in which sets regulations and obligations to utilise 10% of renewable energy in the transportation sector of the region.
Asia Pacific is expected to generate the highest demand during the forecast period in the renewable methanol market. The Asia-Pacific region is influenced by rapid urbanisation and population growth. The region is therefore a prime market for renewable methanol due to the growing demand for sustainable energy solutions. The demand for clean energy sources, like renewable methanol, has increased as governments and corporations in the Asia Pacific become more concerned with cutting carbon emissions and accomplishing sustainability goals.
Top 10 trends in the Renewable Methanol Market
- Biomass Dominance
- Formaldehyde as Key Application
- Carbon Capture Integration
- Marine Fuel Adoption
- Circular Economy Push
- Electrochemical Innovation
- Regional Leadership in Europe
- Strategic Partnerships & Pilots
- Policy-Driven Growth
- Rapid CAGR Growth
1. Biomass Dominance
Biomass is expected to hold a nearly 48% global market share, making it the most popular feedstock.
2. Formaldehyde as Key Application
The demand for coatings, agrochemicals, and construction drives the production of formaldehyde, which accounts for a projected 36% of end-use consumption.
3. Carbon Capture Integration
Increasing use of green hydrogen and captured carbon from industrial sources in CO2-to-methanol technologies.
4. Marine Fuel Adoption
Particularly in reaction to IMO decarbonization requirements, renewable methanol is becoming more and more popular as a low-emission marine fuel.
5. Circular Economy Push
Methanol produced from industrial and municipal waste is becoming a crucial component of circular economy plans.
Empower your strategic planning:
Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the renewable methanol market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 15 Companies Leading the Renewable Methanol Market
- Advent Technologies
- BASF SE
- Carbon Recycling International
- Enerkem
- Methanex Corporation
- OCI
- Sodra
- Thyssenkrupp Uhde GmbH
- Veolia
- WASTEFUEL
- Liquid Wind
- Proman
- Topsoe
- Nordic Green
- Uniper SE
1. Advent Technologies
Headquarters: Boston, USA
The HT-PEM technology from Advent is known for its great efficiency and adaptability, allowing clean power to be generated from hydrogen, renewable methanol, and other green fuels like bio-methanol and e-methanol. A wide range of applications, including stationary power, backup systems, and heavy-duty mobility sectors like automotive, marine, and aviation, are targeted by the company's fuel cell solutions. Possessing an impressive portfolio of more than 100 patents and working closely with top OEMs.
2. Carbon Recycling International
Headquarters: California, USA
CRI provides a low-carbon substitute for fossil methanol with over 90% lower carbon emissions over its lifecycle by converting industrial CO2 emissions and renewable energy into sustainable methanol, marketed as Vulcanol. It supports decarbonization in the production of chemicals and transportation fuels. CRI runs commercial-scale facilities that can produce more than 200,000 tonnes of sustainable methanol yearly. Its technology facilitates grid stabilisation and energy transition initiatives worldwide by enabling the efficient storage and transportation of renewable energy in the form of methanol. CRI leads the renewable methanol market toward expanded adoption and sustainable growth thanks to its patented, scalable processes and dominant market position.
3. Enerkem
Headquarters: Montreal, Canada
The company runs demonstration and commercial facilities, such as the Westbury facility in Quebec and the Varennes Carbon Recycling biorefinery, which is currently under construction and will use green hydrogen integration to produce sizable amounts of biofuels. Enerkem works with significant partners and is growing its global presence to promote decarbonization in the energy, chemical, and transportation sectors with a strong emphasis on sustainability and the concepts of the circular economy.
4. Methanex Corporation
Headquarters: British Columbia, Canada
Methanex has been acknowledged for its commercial leadership in enabling net-zero and low-carbon fuels for the energy storage, chemicals, and marine industries. With a variety of strategies, such as blending bio-methanol with methanol derived from natural gas for net-zero marine voyages, producing bio-methanol from renewable natural gas, and developing carbon-neutral methanol at its Geismar, U.S. facility, Methanex is actively driving the market for renewable methanol. Carbon capture, renewable hydrogen (for e-methanol), and long-term agreements with renewable natural gas suppliers are all being used by the company to scale up renewable methanol solutions.
5. OCI
Headquarters: Amsterdam, Netherlands
OCI's strategic expansion consists of upstream investments in waste-to-biogas infrastructure, innovative partnership models, and long-term RNG supply agreements. Interestingly, OCI's green methanol propelled the first methanol-enabled container ship in history, demonstrating its leadership in the industry and dedication to using scalable, renewable methanol solutions to decarbonise high-emissions industries. As a direct fuel blend or chemical feedstock, OCI provides a range of green methanol and e-methanol for use in heavy industry, road transportation, and maritime shipping through its OCI HyFuels platform.
Are you ready to discover more about the Renewable Methanol market?
The report provides an in-depth analysis of the leading companies operating in the global renewable methanol market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- Advent Technologies
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- BASF SE
- Carbon Recycling International
- Enerkem
- Methanex Corporation
- OCI
- Sodra
- Thyssenkrupp Uhde GmbH
- Veolia
- WASTEFUEL
- Liquid Wind
- Proman
- Topsoe
- Nordic Green
- Uniper SE
- Others.
Conclusion
The Market Size for Renewable Methanol is expected to increase from USD 3.75 Billion in 2024 to USD 6.25 Billion by 2035 due to increased government decarbonization regulations, fuel substitution, and environmental consciousness. Renewable methanol, which is made from biomass, captured CO2, and renewable energy, promotes the shift to sustainable energy systems, the circular economy, and the reduction of carbon emissions in chemicals and transportation. Asia Pacific leads the market in terms of volume, while Europe leads in terms of growth rate. This is due to robust government incentives, supportive regulations, and active investment in production infrastructure.
Browse Related Reports
Global Reduced Fat Butter Market Size To Exceed 1.71 Billion by 2035 | CAGR of 4.18%: Forecast Analysis Report
Global Smart Advertising Market Size To Exceed USD 3.13 Billion by 2035 | CAGR of 5.65% : Forecast Analysis Report
Global Switchgear Market Size To Exceed USD 9.22 Billion by 2035 | CAGR of 7.79% : Market Study Report
Global Fluoropolymer Films Market Size To Exceed USD 4.24 Billion by 2035 | CAGR of 12.07% : Industry Report
Global Isaac Mertens Syndrome Market Size To Exceed USD 573.31 Million by 2035 CAGR 4.72%: Market Study Report
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
CONTACT US:
For More Information on Your Target Market, Please Contact Us Below:
Phone: +1 303 800 4326 (the U.S.)
Phone: +91 90289 24100 (APAC)
Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com
Contact Us: https://www.sphericalinsights.com/contact-us
Need help to buy this report?