As per MarkNtel Advisors The Global Biomethanol Market size is estimated to grow at a CAGR of around 26.45% during the forecast period, i.e., 2024-30.

Global Biomethanol Market Systems Market Outlook:

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Global Biomethanol Market Systems Market Segmentation:

By Feedstock

-Agriculture Waste- Market Size & Forecast 2019-2030, (Kilo Tons)

-Municipal Waste- Market Size & Forecast 2019-2030, (Kilo Tons)

-Forestry- Market Size & Forecast 2019-2030, (Kilo Tons)

-Black Liquor- Market Size & Forecast 2019-2030, (Kilo Tons)

-Others (Industrial waste, marine biomass, etc.)- Market Size & Forecast 2019-2030, (Kilo Tons)

By Production Technology

-Gasification- Market Size & Forecast 2019-2030, (Kilo Tons)

-Reformer (Anaerobic Fermentation)- Market Size & Forecast 2019-2030, (Kilo Tons)

-Others (Syngas Fermentation, Pulping cycle in pulp mills, etc.)- Market Size & Forecast 2019-2030, (Kilo Tons)

By Application

-Transportation (Biodiesel Blend, Fuel additive)- Market Size & Forecast 2019-2030, (Kilo Tons)

-Power Generation- Market Size & Forecast 2019-2030, (Kilo Tons)

-Chemical & Solvents- Market Size & Forecast 2019-2030, (Kilo Tons)

-Others (building materials, plastics, etc.)- Market Size & Forecast 2019-2030, (Kilo Tons)

By End User

-Marine- Market Size & Forecast 2019-2030, (Kilo Tons)

-Power Utilities- Market Size & Forecast 2019-2030, (Kilo Tons)

-Agriculture- Market Size & Forecast 2019-2030, (Kilo Tons)

-Others (electronics, cosmetics, etc.)- Market Size & Forecast 2019-2030, (Kilo Tons)

By Region

-North America

-Latin America

-Europe

-Asia-Pacific

-Rest of the World.

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Global Biomethanol Market Driver:

Growing Adoption of Biomethanol in the Marine Industry – The marine industry is increasingly under pressure to lower its carbon footprint, most of which comes from the use of fossil fuels to run ocean transportation. According to the United Nations Conference on Trade and Development (UNCTAD) in 2022, the maritime sector presently accounts for about 2.8% of all global greenhouse gas (GHG) emissions, mainly due to its rapid growth, its dependence on carbon-intensive bunkers, and the sheer size of its business (more than 80% of the world merchandise trade by volume is transported by sea). As a result, governments across the globe are implementing regulations and policies for the marine industry to reduce carbon emissions.  For instance:

• In 2023, the International Maritime Organization has set new indicative checkpoints for international shipping to reach net-zero GHG emissions for 2030 (by at least 20%, striving for 30%) and 2040 (by at least 70%, striving for 80%).  

This has led shipping companies to reduce their carbon emissions from their routine business operations. As a result, several marine companies, like Maersk, Evergreen, Cosco Shipping, etc., are setting targets to reduce emissions in the upcoming years. In addition to after-treatment systems, which allow the continued use of heavy fuel oils, the shipping industry has been looking into alternative fuels, among which renewable methanol is a primary alternative.

Biomethanol is considered one of the most significant alternative fuels for the marine industry. As a result, shipping companies like Maersk and Cosco Shipping Holdings are increasingly collaborating with and investing in biomethanol companies like European Energy, WasteFuel, Orstred, etc. to boost production and aim to increase their fleet's future. These growing collaborations, combined with rising regulations, would foster market growth in the upcoming years.

Report Highlights Essential Insights for Strategic Decision-Making

• Detailed market size, share, and forecast analysis
• In-depth pricing trends and segment-wise cost evaluations
• Key industry strategies, including innovation, partnerships, and acquisitions
• Critical value chain analysis and stakeholder profiling
• Regional import-export market insights and trade flow assessment
• Thorough competitive benchmarking of top hearing aid manufacturers
• Identification of new growth opportunities and niche market segments
• Overview of market trends, drivers, and challenges shaping future demand

Some of the leading players in the Global Biomethanol Market are:

Carbon Recycling International (CRI), Enerkem, Sodra, Veolia, BASF, Methanex Corporation, Mitsubishi Chemicals, IMC Enric Holdings Limited (CIMC ENRIC), OCI Global, European Energy, Proman, Others

Research Methodology Summary

A systematic approach is used to ensure accurate market insights, combining both bottom-up and top-down methods. Data triangulation validates findings from multiple angles.

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About us

MarkNtel Advisors is a global research and advisory firm with expertise across the energy industry, covering renewable energy, oil & gas, energy storage, and power generation. We deliver data-backed insights that assist energy producers, utilities, and investors in navigating regulatory transitions and emerging technologies. With Consulting Services, we help clients interpret market intelligence and design actionable strategies that accelerate decarbonization, enhance energy resilience, and ensure sustainable growth across global markets.

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