China Methanol Market Size & Outlook, 2025-2028
China Methanol Market Size
According to Straits Research analysis The China Methanol Market was valued at USD 8215 Million in 2024 and is projected to reach USD 10876.7 Million by 2028, expanding at a CAGR of 7.3% during the forecast period. Significant industries driving demand include agriculture and chemicals, predominantly for the production of formaldehyde and methyl tertiary butyl ether (MTBE). Other key sectors contributing to the growth are energy and automotive, fueled by methanol's use as an essential component in biodiesel. Emerging trends spotlight technological advancements, increased potential for green and low-carbon production methods, and high export opportunities. As China continues to prioritize environmentally-friendly practices and innovate its chemical industry, it's positioning itself as a global leader in the green methanol market, thereby promising a dynamic future for its methanol industry.
Source: Straits Research Analysis Company Publications, Primary Interviews.
China Methanol Market Highlights
- Within the Feedstock category, Coal dominated in 2024 in terms of market size contribution.
- Over the forecast period, Natural Gas is forecasted to deliver the fastest growth, positioning it as the most lucrative Feedstock segment.
- China accounted for 25.46% of the global methanol market size in 2024.
- By 2028, China is expected to remain the top global market in terms of size.
- Within Asia Pacific, China is forecasted to dominate the regional methanol market size by 2028.
- India will be the fastest-growing market in Asia Pacific, projected to achieve USD 58503 Million by 2028.
China Methanol Market Revenue Share 2024
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Report Summary
| Report Scope | Details |
|---|---|
| Base Year for Study | 2024 |
| Study Period | 2019-2028 |
| Historical Period | 2019-2023 |
| Forecast Period | 2025-2028 |
| Market Size In 2024 | USD 8215 Million |
| Market Size In 2028 | USD 10876.7 Million |
| Largest segment | Coal |
| Fastest segment | Natural Gas |
| Units | Revenue in USD Million |
| CAGR | 7.3% (2025-2028) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
China Methanol Market Share By Feedstock
Segmentation Covered
| Segments | Sub Segments |
|---|---|
| Feedstock |
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| Application |
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China Methanol Market By Feedstock 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
China Methanol Market By Application 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
