Asia Pacific Methanol Market Size & Outlook, 2025-2028

Asia Pacific Methanol Market Size

According to Straits Research analysis, the Asia Pacific Methanol Market was valued at USD 18738.59 Million in 2024 and is projected to reach USD 24541.29 Million by 2028, expanding at a CAGR of 7% during the forecast period. The key drivers for this growth are primarily used in the agriculture, chemicals, and energy industries. For instance, methanol is crucial in the manufacture of formaldehyde, acetic acid, and other chemicals, while in the agricultural sector, it is an essential ingredient for biopesticides and biofertilizers. In the energy sector, it plays a role as biofuel. Emerging opportunities include low-carbon and sustainable production methods, technological advancements for improving process efficiency, and the region's strong export potential. The region continues to solidify its position in the global methanol market by promoting green initiatives and innovation.