Global Marine Green Methanol Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

According to our (Global Info Research) latest study, the global Marine Green Methanol market size was valued at US$ 318 million in 2023 and is forecast to a readjusted size of USD 685 million by 2030 with a CAGR of 12.3% during review period.

Marine green methanol refers to methanol produced from sustainable sources, specifically intended for use as a fuel in the maritime shipping industry. This includes methanol produced from renewable electricity (e-methanol), biomass (biomethanol), or captured carbon dioxide combined with green hydrogen. Unlike conventional methanol derived from natural gas, marine green methanol offers a significantly reduced carbon footprint, helping the shipping sector meet increasingly stringent emissions regulations and contribute to decarbonization efforts. It can be used in existing methanol-capable engines or in dual-fuel engines.

The industry trend for marine green methanol is experiencing rapid growth as the shipping sector faces increasing pressure to decarbonize. Several key factors are driving this trend. Firstly, the International Maritime Organization (IMO) has set ambitious targets for reducing greenhouse gas emissions from shipping, creating a strong regulatory push for alternative fuels like green methanol. Secondly, major shipping companies are actively investing in and piloting vessels capable of running on methanol, demonstrating a growing market demand. Thirdly, advancements in green methanol production technologies, including e-methanol and biomethanol pathways, are improving the feasibility and scalability of its production. Fourthly, the development of robust supply chains and bunkering infrastructure for methanol is crucial for its widespread adoption. This includes the establishment of methanol production facilities near major ports and the development of safe and efficient bunkering procedures. Furthermore, the availability of dual-fuel engines that can run on both conventional fuels and methanol provides flexibility for ship operators during the transition. The increasing collaboration between shipping companies, fuel producers, and technology providers is accelerating the development and deployment of marine green methanol solutions. The focus is also shifting towards lifecycle assessments of different fuel options to ensure that the overall environmental impact is minimized. Overall, the industry trend for marine green methanol is highly positive, with increasing investments, regulatory support, and technological advancements paving the way for its wider adoption as a key fuel in the decarbonization of the maritime shipping industry.

This report is a detailed and comprehensive analysis for global Marine Green Methanol market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.

Key Features:

Global Marine Green Methanol market size and forecasts, in consumption value ($ Million), sales quantity (Kilotons), and average selling prices (US$/Ton), 2019-2030

Global Marine Green Methanol market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Kilotons), and average selling prices (US$/Ton), 2019-2030

Global Marine Green Methanol market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Kilotons), and average selling prices (US$/Ton), 2019-2030

Global Marine Green Methanol market shares of main players, shipments in revenue ($ Million), sales quantity (Kilotons), and ASP (US$/Ton), 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Marine Green Methanol

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Marine Green Methanol market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include OCI Global, ReNew Energy Global, ABEL Energy, Orsted, Goldwind, Windey Energy Technology Group, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Marine Green Methanol market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Electromethanol
Biomass Methanol

Market segment by Application
Cargo Ship
Passenger Ship
Others

Major players covered
OCI Global
ReNew Energy Global
ABEL Energy
Orsted
Goldwind
Windey Energy Technology Group

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Marine Green Methanol product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Marine Green Methanol, with price, sales quantity, revenue, and global market share of Marine Green Methanol from 2019 to 2024.

Chapter 3, the Marine Green Methanol competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Marine Green Methanol breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2019 to 2024.and Marine Green Methanol market forecast, by regions, by Type, and by Application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Marine Green Methanol.

Chapter 14 and 15, to describe Marine Green Methanol sales channel, distributors, customers, research findings and conclusion.