The global methanol market is projected to reach USD 64.72 billion by 2032, driven by a transition toward low-carbon alternatives. While traditional petrochemical use remains high, there is significant momentum behind green, blue, and e-methanol to decarbonize the shipping industry and chemical manufacturing. Recent developments include the launch of commercial-scale e-methanol plants in Denmark and biomass-to-methanol projects in China. These initiatives, alongside strategic investments in India and Europe, highlight a shift toward using captured CO2 and renewable hydrogen to reduce industrial emissions.
