Global Market Size, Forecast, and Trend Highlights Over 2025 – 2037
Methanol to Gasoline Market size was valued at USD 2.54 billion in 2024 and is poised to cross USD 6.5 billion by the end of 2037, registering more than 7.5% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of methanol to gasoline is estimated at USD 2.69 billion.
The growth of the market is set to be dominated by the growing demand for gasoline since it causes the least amount of emissions. As compared to diesel the emission from gasoline is significantly lower due to which its utilization is growing. According to data from 184 nations, the average daily use of gasoline in 2021 was about 124 thousand barrels. However, with the surge in the process of methanol to gasoline, the demand for gasoline is estimated to be greatly satisfied, further mitigating various issues.
The sustainable Methanol-to-Gasoline (MTG) procedure may produce gasoline-range hydrocarbon biofuels. It may also reduce several issues caused by crude oil, including environmental degradation, and political unrest in the primary producers of crude oil. Hence, owing to this the market is poised to rise over the coming years.
Methanol to Gasoline Sector: Growth Drivers and Challenges
Growth Drivers
- Need for Emergency Power Supply: The dependence of the world on electricity is growing. However, the prevalence of power outages is also growing all around the world. For instance, in 2021, close to 349 population in the world faced significant power outages. Therefore, such an outage could bring disruption in daily life or work. Hence, gasoline is preferred in such a situation, due to which the market for methanol to gasoline is anticipated to increase.
- Growing Price of Fossil Fuel: The price of fossil fuel is surging all across the world owing to various factors such as the manipulation of the energy supply by Russia which has further led to greater and more unstable energy prices in a competitive market. Hence, the utilization of methanol in gasoline is set to grow.
- Reduction in Price of Automotive: Automotive industries are investing heavily in various technological advancements which have further improved manufacturing along with reducing labor costs which has further reduced the final cost of the product. As a result, a large number of people are opting for automotive which is additionally boosting demand for methanol to gasoline process.
Challenges
- Toxic Nature of Methanol
- High Formaldehyde Emission
- Availability of Alternative Energy Source – Methanol-gasoline is set to be the better alternative for gasoline or any other fossil fuel/ However, the has been a growing demand for cleaner alternatives such as solar energy, wind energy, and more for the generation of electricity. Moreover, the surge in the prevalence of electric vehicles is also predicted to hinder the adoption of methanol-gasoline. Therefore, the growth of the market is expected to be restrained.
Methanol to Gasoline Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
7.5% |
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Base Year Market Size (2024) |
USD 2.54 billion |
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Forecast Year Market Size (2037) |
USD 6.5 billion |
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Regional Scope |
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Methanol to Gasoline Segmentation
Reactor Type (Fluidized, Fixed Bed)
The fluidized segment in the methanol to gasoline market is projected to hold the largest revenue share of about 60% during the coming years. Fluidized bed reactors offer improved reactant mixing and heat conduction. Comprehensive and effective reactions are the result of greater interaction between the catalyst and the reactants through fluidization. Gasoline quality is predicted to be enhanced, resulting in higher conversion rates. It is projected that these advantages would increase commercial opportunities in the worldwide sector.
Application (Transportation Fuel, Power Generation, Chemical Blending Component)
Methanol to gasoline market from the transportation fuel segment is set to grow at the highest share of approximately 50% during the forecast period. The MTG technology has a variety of benefits as a substitute for conventional transportation fuel. In contrast to natural gas or hydrogen, which are two other possible transportation fuels, methanol, the feedstock for MTG, is a liquid fuel that is simpler to carry and store. Additionally, methanol may be generated from a range of feedstocks, such as biomass, coal, and natural gas. As a result, the fuel is more readily available and there is less reliance on a particular feedstock. Thus, the market for methanol to gasoline is growing as a result of the growth in demand for alternate transportation fuels.
Our in-depth analysis of the global market includes the following segments:
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Feedstock |
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Reactor Type |
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Application |
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Customize this ReportMethanol to Gasoline Industry- Regional Synopsis
APAC Market Forecast
The methanol to gasoline market in the Asia Pacific is to grow at the largest share of about 40% over the forecast period. The major factor boosting the market share in this region is the growing production of methanol. Roughly 166 thousand metric tons of methanol have been generated in India during the fiscal year 2022. Most MTG manufacturers are situated in Asia Pacific, and China is the world's top producer of MTG. Hence, this is also estimated to influence the market revenue in this region.
North American Market Analysis
The North America methanol to gasoline market is anticipated to grow during the forecast period. Increased investment in MTG projects is projected to fuel industry expansion in the area. North American businesses have initiated investments in MTG technology. Pilot projects have been conducted in the region to demonstrate the technology's viability and effectiveness. These activities are anticipated to hasten the adoption of MTG technology throughout the subsequent few years, particularly if natural gas prices remain low.
Companies Dominating the Methanol to Gasoline Landscape
- Exxon Mobil Corporation
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- ZeoGas
- INEOS AG
- Topsoe
- Carbon Recycling International
- Honeywell International Inc.
- Johnson Matthey
- Verde Clean Fuels
- Enerkem
- Casale SA
- Velocys plc
In the News
- As part of a new partnership to identify potential future customer adoption paths, Exxon Mobil Corporation and Porsche are testing advanced biofuels and renewable, lower-carbon eFuels. The partnership between Porsche and ExxonMobil will also concentrate on eFuels, which are artificial fuels created from hydrogen and collected carbon dioxide.
- In order to further explore prospects for environmentally friendly methanol production in Antwerp, Belgium, INOVYN AG has announced its participation in the ambitious "Power to Methanol" project. INOVYN will contribute to a collaborative feasibility study for the synthesis of methanol from collected carbon dioxide and sustainably generated hydrogen as a member of a seven-member collaboration made up of top industrial and business partners.
Author Credits: Rajrani Baghel
- Report ID: 5239
- Published Date: Oct 22, 2024
- Report Format: PDF, PPT
