Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Report Overview
Europe renewable methanol market attained a volume of 103.99 KMT in 2023. The market is estimated to grow at a CAGR of 47.87% during 2024-2032 to reach a volume of 2,528.34 KMT by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- As per industry reports, 20 pounds of methanol is used for every 100 pounds of biodiesel production.
- In 2022, global biodiesel production was nearly 52 million tonnes, with the European Union (excluding the UK) accounting for the largest share of around 25% of the total global output, amounting to around 13.7 million tonnes.
- Methanol produced from natural gas represents a 10-15% reduction in carbon dioxide emissions compared to traditional marine fuels. Ships at ports such as Rotterdam and Port of Gothenburg have started using methanol marine fuel.
Europe Renewable Methanol Market Trends
Favourable government initiatives supporting bio-methanol adoption
The presence of favourable government initiatives in Europe is supporting the market for bio-methanol. Bio-methanol, produced through processes such as gasification and pyrolysis, has low flammability, and low emissions, increasing its adoption in the transition towards environment-friendly methods. The government of the United Kingdom has set targets to achieve net zero greenhouse gas emissions by 2050. In May 2024, the European Parliament approved Net Zero Industry Act to improve the net zero technology production within the EU. Through the act, Europe aims to produce 40% of its net zero technology requirements by 2030 and capture 15% of the global market for these technologies.
Growing adoption of sustainable fuels in the aviation sector increasing the demand of Europe renewable methanol market
Initiatives are being laid out to support the decarbonisation of the aviation sector in Europe. In September 2023, the EU Parliament voted to increase the use of sustainable aviation fuels (SAF) at EU airports. Through the legislation, the adoption of sustainable fuels in the aviation sector is projected to rise from 2% in 2025 to 70% in 2050. The government of the United Kingdom is planning to introduce a SAF mandate in 2025, requiring about 10% of jet fuel to be from SAF by 2030.
Major European airline groups, including International Airlines Group (IAG), Air France-KLM, and Lufthansa Group, have established targets to enhance their utilisation of sustainable aviation fuel (SAF). IAG has set a goal to achieve 10% SAF usage by 2030.
Europe Renewable Methanol Market Report Snapshots
Europe Renewable Methanol Market Size
Europe Renewable Methanol Market Trends
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Looking for specific insights?
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
Key Questions Answered in the Report
The Europe renewable methanol market reached a volume of 103.99 KMT in 2023.
The market is projected to grow at a CAGR of 47.87% between 2024 and 2032.
The Europe renewable methanol market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a volume of 2,528.34 KMT by 2032.
The feedstocks include biomass, CO2, and hydrogen.
The key countries analysed in the market report are the United Kingdom, Nordics, Germany, France, and others.
Europe’s aim to achieve a carbon neutral economy and favourable government initiatives, and the presence of abundant reserves of feedstocks for renewable methanol production are driving the market growth.
The applications include dimethyl ether (DME), methyl tert-butyl ether (MTBE), gasoline blending, and others.
The key players in the market are Methanex Corporation, Proman AG, Saudi Basic Industries Corporation, OCI N.V., Mitsubishi Gas Chemical Europe GmbH, Mitsui & Co., Ltd, and LyondellBasell Industries N.V., among others.
Purchase Full Report
Datasheet
- Selected Sections, One User
- Printing Not Allowed
- Email Delivery in PDF
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Single User License
One User
- All Sections, One User
- One Print Allowed
- Email Delivery in PDF
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Five User License
Five Users
- All Sections, Five Users
- Five Prints Allowed
- Email Delivery in PDF
- Free Limited Customisation
- Post Sales Analyst Support
50% Discount on Next Update
Corporate License
Unlimited Users
- All Sections, Unlimited Users
- Unlimited Prints Allowed
- Email Delivery in PDF + Excel
- Free Limited Customisation
- Post Sales Analyst Support
- 50% Discount on Next Update
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Subscribe to our Newsletter
By subscribing you agree to with our privacy policy and provide
consent to
receive
updates
from our company.
Our Offices
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124