The global green methanol market size was valued at USD 350.9 million in 2023 and is expected to grow from USD 526.2 million in 2024 to USD 16,021.8 million by 2032 at a CAGR of 53.3% during the forecast period. Renewable methanol can lead to the expansion of methanol usage as a fuel and chemical raw material and aid transport and industrial sectors in their movement toward net carbon neutrality goals. Even 100% carbon-free products can be produced by deploying different sustainable feedstocks, including CO2, waste, hydrogen, and biomass. Thus, this promising situation has drawn the attention of companies and investors in the conventional methanol market.

Fortune Business Insights™ provides this information in its research report, titled “Green Methanol Market, 2025-2032”.

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Green Methanol Market Segmentation Analysis:

By Type:

• Biomethanol held the largest share in 2023.
• Growth is driven by its cost-effective production from accessible feedstocks such as agricultural waste, biogas, and municipal solid waste.
• It remains more economical compared to e-methanol, supporting its strong demand.

By Production Route:

• Power-to-methanol route is projected to dominate by 2025.
• It uses hydrogen (via water electrolysis) and captured CO₂, which significantly lowers carbon emissions.
• This route aligns with decarbonization goals and is supported by global capacity expansion projects.

By End Use:

• Chemical segment accounted for the largest share in 2023 and will maintain its lead.
• Methanol is widely used in producing acetic acid, formaldehyde, ethylene, and propylene.
• Growing preference for green biomethanol will further boost demand in this segment.

Report Coverage:

• Covers strategic initiatives by leading players to stay competitive.
• Provides insights into key drivers, restraints, and market trends.