Global Methanol Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Feedstock;

Natural Gas, Coal, and Biomass & Renewables.

By Derivative;

Formaldehyde, Acetic Acid, MTBE, DME, Gasoline Blending, Biodiesel, MTO/MTP, Solvent, and Others.

By Application;

Construction, Automotive, Electronics, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn119078073 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Methanol Market (USD Million), 2021 - 2031

In the year 2024, the Global Methanol Market was valued at USD 32,155.37 million. The size of this market is expected to increase to USD 47,714.81 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.8%.

The global methanol market is experiencing significant growth due to its diverse range of applications across various industries. Methanol, a simple alcohol with the chemical formula CH3OH, is widely used as a feedstock in the production of chemicals, including formaldehyde, acetic acid, and various solvents. Its utility extends to fuel applications, such as in the production of biodiesel and as a fuel additive in gasoline, which enhances combustion efficiency and reduces emissions. The versatility and cost-effectiveness of methanol make it a critical component in both industrial processes and energy production.

One of the primary drivers of the global methanol market is its increasing use in the energy sector. Methanol's role as an alternative fuel and its application in fuel cells are gaining traction as the world moves towards cleaner energy solutions. Methanol fuel cells, in particular, are being explored for their potential in providing efficient and sustainable energy, especially in the transportation and power generation sectors. Additionally, the growing emphasis on reducing greenhouse gas emissions has led to increased adoption of methanol in various eco-friendly applications, such as the production of dimethyl ether (DME), a cleaner alternative to diesel fuel.

The Asia Pacific region dominates the methanol market, driven by rapid industrialization and urbanization in countries like China and India. The region's robust chemical manufacturing industry, coupled with its expanding energy sector, fuels the demand for methanol. North America and Europe also hold significant market shares, supported by advancements in methanol production technologies and the rising adoption of methanol-based fuels. The Middle East is emerging as a key player, leveraging its abundant natural gas resources for methanol production. Overall, the global methanol market is poised for continued growth, propelled by its wide-ranging applications and the ongoing shift towards sustainable and clean energy solutions.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Feedstock
    2. Market Snapshot, By Derivative
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Global Methanol Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Industrial Demand
        2. Fuel Applications
        3. Chemical Feedstock
      2. Restraints
        1. Price volatility
        2. Regulatory restrictions
        3. Health hazards
      3. Opportunities
        1. Renewable Methanol
        2. Alternative Fuels
        3. Fuel Cells
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Methanol Market, By Feedstock, 2021 - 2031 (USD Million)
      1. Natural Gas
      2. Coal
      3. Biomass & Renewables
    2. Global Methanol Market, By Derivative, 2021 - 2031 (USD Million)
      1. Formaldehyde
      2. Acetic Acid
      3. MTBE, DME
      4. Gasoline Blending
      5. Biodiesel
      6. MTO/MTP
      7. Solvent
      8. Others
    3. Global Methanol Market, By Application, 2021 - 2031 (USD Million)
      1. Construction
      2. Automotive
      3. Electronics,
      4. Others
    4. Global Methanol Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Methanex corporation (canada)
      2. Helm proman methanol ag
      3. SABIC (saudi arabia)
      4. Yankuang energy group company limited (china)
      5. Zagros petrochemical company (zpc) (iran)
      6. Celanese corporation (texas)
      7. BASF se (germany)
      8. Petronas (malaysia)
      9. Mitsubishi gas chemical company inc. (japan)
      10. Mitsui & co., ltd. (japan)
      11. Lyondellbasell industries b.v. (u.s)
  7. Analyst Views
  8. Future Outlook of the Market