In India, Precedent Research reported that the global green methanol market size is calculated at $2.64 billion in 2025 and is forecasted to reach around $36.88 billion by 2034.
The report noted that the market is expected to expand at a CAGR of 34.04% from 2025 to 2034.
The North America market size surpassed $0.89 billion in 2024 and is expanding at a CAGR of 34.13% during the forecast period, it added.
“North America led the green methanol market by capturing the largest share in 2024. This is mainly due to increased investments in clean energy and beneficial government policies. Substantial tax credits and incentives offered by governments for green hydrogen and clean fuel further bolstered the market’s growth in the region,” the report stated.
“The Inflation Reduction Act of 2022 (IRA) includes clean energy tax credits and other provisions that help increase domestic renewable energy production. The IRA’s clean energy incentives include many provisions for clean hydrogen and fuel cell technologies, sustaining the long-term growth of the market,” it added.
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