According to Fortune Business Insights™, the global green methanol ships market size was valued at USD 4.37 billion in 2024. The market is projected to grow from USD 5.85 billion in 2025 to USD 33.42 billion by 2032, exhibiting a robust CAGR of 28.3% during the forecast period. Asia Pacific dominated the market in 2024, accounting for 57.44% of the global share due to its strong shipbuilding base and decarbonization policies.

Green methanol, a low-carbon alternative fuel derived from biomass or captured carbon combined with renewable hydrogen, is gaining traction as the maritime industry transitions to sustainable operations. Compared to conventional fuels, green methanol can reduce CO₂ emissions by up to 95%, positioning it as a preferred fuel for next-generation vessels.

Key Companies Profiled

• HD Hyundai Heavy Industries (South Korea)
• Samsung Heavy Industries (South Korea)
• COSCO Shipping Lines (China)
• Damen Shipyards Group (Netherlands)
• VARD AS (Norway)
• Kawasaki Heavy Industries (Japan)
• Hanwha Engine Co. Ltd. (South Korea)
• Methanex Corporation (Canada)
• Shanghai Waigaoqiao Shipbuilding Co. (China)
• Yangzijiang Shipbuilding Group (China)
• Huangpu Wenchong Shipbuilding (China)
• COSCO Shipping Industries (China)

Source

https://www.fortunebusinessinsights.com/green-methanol-ships-market-112757

Market Segmentation

By Ship Type