Global Methanol Market Size & Outlook, 2025-2028
Global Methanol Market Size
According to Straits Research analysis, the Global Methanol Market was valued at USD 32264.1 Million in 2024 and is projected to reach USD 40640.36 Million by 2028, expanding at a CAGR of 5.9% during the forecast period. The primary drivers of demand for methanol emanate from industries such as agriculture, chemicals, and energy. In agriculture, methanol is used as a solvent, antifreeze, and an essential ingredient in various pesticides. The chemical industry employs it as a denaturant for ethanol, while the energy sector uses it extensively in biodiesel production. Emerging trends, including green and low-carbon production methods, sustainability goals, and technological innovation, are potential growth areas for methanol. With an increasing export potential further fuelling market expansion, regions are strategically positioning themselves to tap into this burgeoning market, fostering sizeable economic opportunities in the years to come.
Source: Straits Research Analysis Company Publications, Primary Interviews.
Global Methanol Market Highlights
- By 2024, Natural Gas represented the largest share of the Feedstock market size.
- Coal is expected to remain the key growth driver within Feedstock, registering the fastest CAGR during the forecast period.
- As of 2024, Global held % of the global methanol market size.
- By 2028, China is anticipated to capture the largest share of the global methanol market.
- In Global, North America is expected to lead the regional methanol market size by 2028.
- Asia Pacific will remain the fastest-growing market in Global, reaching USD 215275.32 Million by 2028.
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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 32264.1 Million |
| Market Size In 2028 | USD 40640.36 Million |
| Largest segment | Natural Gas |
| Fastest segment | Coal |
| Units | Revenue in USD Million |
| CAGR | 5.9% (2025-2028) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Global Methanol Market Share By Feedstock
Segmentation Covered
| Segments | Sub Segments |
|---|---|
| Region |
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| Feedstock |
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| Application |
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Global Methanol Market By Region 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
Global Methanol Market By Feedstock 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
Global Methanol Market By Application 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
