Biomethane Market Size, Share, Trends, Growth 2032

Biomethane Market

Biomethane Market By Feedstock (Organic Household Waste, Animal Manure, Energy Crops, Agricultural Waste, Sewage Sludge, Industrial Food Processing Waste, and Others), By Production Method (Fermentation and Gasification), and By End-User (Power Generation, Automotive, and Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2024 – 2032

Category: Chemical & Materials Report Format : PDF Pages: 110 Report Code: ZMR-3153 Published Date: Apr-2024 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 3.40 Billion USD 5.60 Billion 5.69% 2023

Biomethane Industry Prospective:

The global biomethane market size accrued earnings worth approximately USD 3.40 billion in 2023 and is predicted to gain revenue of about USD 5.60 billion by 2032, is set to record a CAGR of nearly 5.69% over the period from 2024 to 2032.

Global Biomethane Market SizeRequest Free Sample

Biomethane Market: Growth Factors

Biomethane, a natural gas, is a green source of energy source, which is generated via anaerobic digestion of organic materials like deceased animals and plant materials, manure, wastewater, organic waste, etc. As biomethane is chemically identical to natural gas, it is used for the same purposes as natural gas, such as generating electricity, heating rooms and water, cooking, and fuel for vehicles.

The global biomethane market is expected to witness notable growth over the next few years, owing to the increasing automotive production across the globe. Moreover, the versatile properties of biomethane, such as less corrosive as compared to biogas, make it a valuable fuel. Additionally, the raw material used for biomethane production is biogas, which can be processed from various feedstock sources like vegetables and animals. Thus, it is eco-friendly and most efficient fuel for various applications.

Therefore, these factors are expected to drive the consumption of biomethane, thereby, propelling the biomethane market in the years ahead. However, biomethane is approximately 19% more expensive than natural gas, which may limit the biomethane market in the upcoming years. Nevertheless, advancements in the production technologies of biomethane are projected to offer new opportunities for biomethane market growth. 

In order to offer the users of this report, a comprehensive read of the biomethane market, we have enclosed a detailed value chain analysis. To know the competitive landscape within the market, an analysis of Porter’s Five Forces model for the biomethane market has additionally been enclosed. The study includes a market attractiveness analysis, wherein all the segments are benchmarked supported their market size, growth rate, and general attractiveness.

The study also includes the market share of the key participant’s operating in the biomethane market across the globe. Additionally, the report covers the strategic development together with acquisitions & mergers, agreements, partnerships, collaborations, and joint ventures, and regional growth of key players within the market on a regional basis.

Biomethane Market : Report Scope

Report Attributes Report Details
Report Name Biomethane Market Research Report
Market Size in 2023 USD 3.40 Billion
Market Forecast in 2032 USD 5.60 Billion
Growth Rate CAGR of 5.69%
Number of Pages 215
Key Companies Covered Gazasia, CNG Services, Future Biogas, Orbital, Verbio, Planet JV Energen Biogas Global, Magne Gas, Schmack Carbotech, Gasrec, SGN, Biogas Products, EnviTec Biogas, SoCalGas, and ETW Enerietechnik.
Segments Covered By Feedstock, By Production Method, By End-User and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Biomethane Market: Segmentation

The global biomethane market is divided based on feedstock, production method, and end-user.

By feedstock, the market for biomethane is classified into agricultural waste, animal manure, sewage sludge, energy crops, organic household waste, industrial food processing waste, and others. Organic household waste and animal manure are largely used to produce biomethane. The organic household waste segment is projected to dominate the global biomethane market.

Based on production method, the biomethane market includes fermentation and gasification. The fermentation production method is the highest contributing segment to the global biomethane market, as biomethane produced via this process eliminates the release of methane and other harmful gases into the atmosphere. The end-user segment comprises power generation, automotive, and others. The automotive segment dominated the market in 2018 and is projected to maintain its dominance over the next few years as well. The growing global automotive production is driving this segment. 

Biomethane Market: Regional Insights

The regional classification includes Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa.

Biomethane Market: Competitive Space

The global biomethane market profiles key players such:

  • Gazasia
  • CNG Services
  • Future Biogas
  • Orbital
  • Verbio
  • Planet JV Energen Biogas Global
  • Magne Gas
  • Schmack Carbotech
  • Gasrec
  • SGN
  • Biogas Products
  • EnviTec Biogas
  • SoCalGas
  • ETW Enerietechnik

This report segments the global biomethane market into:

Global Biomethane Market: Feedstock Analysis

  • Organic Household Waste
  • Animal Manure
  • Energy Crops
  • Agricultural Waste
  • Sewage Sludge
  • Industrial Food Processing Waste
  • Others

Global Biomethane Market: Production Method Analysis

  • Fermentation
  • Gasification

Global Biomethane Market: End-User Analysis

  • Power Generation
  • Automotive
  • Others

Global Biomethane Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Biomethane, alternatively referred to as renewable natural gas (RNG), is an enhanced form of biogas in which impurities have been eliminated and the methane content has been increased to a comparable magnitude as that of natural gas. Organic matter, including food waste, effluent, and agricultural waste, is converted to this substance via gasification or anaerobic digestion.
 

To reduce carbon emissions and encourage the use of renewable energy sources, governments worldwide are implementing policies and regulations. These can stimulate biomethane demand through subsidies, tax incentives, and mandates for the use of renewable fuels.
 

The global biomethane market size accrued earnings worth approximately USD 3.40 billion in 2023 and is predicted to gain revenue of about USD 5.60 billion by 2032.

The global biomethane market is set to record a CAGR of nearly 5.69% over the period from 2024 to 2032.

The regional classification includes Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa.

Some major companies involved in the global biomethane market are Gazasia, CNG Services, Future Biogas, Orbital, Verbio, Planet JV Energen Biogas Global, Magne Gas, Schmack Carbotech, Gasrec, SGN, Biogas Products, EnviTec Biogas, SoCalGas, and ETW Enerietechnik.

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