CIS Methanol Market Size & Outlook, 2025-2028
CIS Methanol Market Size
According to Straits Research analysis, the CIS Methanol Market was valued at USD 2402.43 Million in 2024 and is projected to reach USD 2770.58 Million by 2028, expanding at a CAGR of 3.6% during the forecast period. This growth is driven by increasing demands in industries like chemical production, agriculture, and energy. Methanol is integral to the production of formaldehyde and acetic acid, which are widely used in these industries. Technology advancements are paving the way for sustainable, low-carbon methanol production which aligns with global move towards green energy. Moreover, CIS nations, rich in natural gas reserves, have a promising export potential for methanol. By capitalising on these emerging trends, the region is positing itself as a key player in the global methanol market.
Source: Straits Research Analysis Company Publications, Primary Interviews.
CIS Methanol Market Highlights
- In 2024, Natural Gas emerged as the dominant Feedstock based on market size.
- Natural Gas is projected to register the fastest growth, positioning it as the most attractive Feedstock segment over the forecast horizon.
- The global methanol market size saw CIS holding a share of 7.45% in 2024.
- China is forecasted to account for the leading share of the global market by 2028.
- In CIS, Russia is forecasted to be the fastest-expanding market, projected to reach USD 1363.68 Million by 2028.
CIS 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 2402.43 Million |
| Market Size In 2028 | USD 2770.58 Million |
| Largest segment | Natural Gas |
| Fastest segment | Natural Gas |
| Units | Revenue in USD Million |
| CAGR | 3.6% (2025-2028) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
CIS Methanol Market Share By Feedstock
Segmentation Covered
| Segments | Sub Segments |
|---|---|
| Country |
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| Feedstock |
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| Application |
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CIS Methanol Market By Country 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
CIS Methanol Market By Feedstock 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
CIS Methanol Market By Application 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
