Methanol to Gasoline Market size is poised to reach USD 6 billion by the end of 2036, growing at a CAGR of 8% during the forecast period, i.e., 2024 – 2036. In the year 2023, the industry size of methanol to gasoline was around USD 3 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.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
~8% |
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Base Year Market Size (2023) |
~ USD 3 Billion |
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Forecast Year Market Size (2036) |
~ USD 6 Billion |
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Regional Scope |
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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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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.
Author Credits: Smruti Ranjan, Rajrani Baghel
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