India Methanol Market Size & Outlook, 2025-2028
India Methanol Market Size
According to Straits Research analysis, the India Methanol Market was valued at USD 3579.07 Million in 2024 and is projected to reach USD 4726.65 Million by 2028, expanding at a CAGR of 7.2% during the forecast period. The principal drivers of this growth are the increasing applications of methanol in industries such as agriculture, chemicals, and energy. Specifically, methanol is frequently used as a fertilizer ingredient in agriculture, as a chemical process solvent and as a fuel source in energy production. Emerging opportunities such as methanol green production and sustainable practices, alongside technological advancements, also boost the market. Additionally, India's potential for methanol exports further aids the market expansion. As India strategically strengthens its methanol industry, it is aligning itself to become a key player in the global methanol market in the coming years.
Source: Straits Research Analysis Company Publications, Primary Interviews.
India Methanol Market Highlights
- Within the Feedstock category, Natural Gas 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.
- In 2024, India accounted for 11.09% of the global methanol market size.
- By 2028, China is expected to lead the global methanol market in terms of market size.
- Within Asia Pacific, China is projected to dominate the regional methanol market size by 2028.
- India is identified as the fastest-growing market in Asia Pacific, anticipated to reach USD 58503 Million by 2028.
India 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 3579.07 Million |
| Market Size In 2028 | USD 4726.65 Million |
| Largest segment | Natural Gas |
| Fastest segment | Natural Gas |
| Units | Revenue in USD Million |
| CAGR | 7.2% (2025-2028) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
India Methanol Market Share By Feedstock
Segmentation Covered
| Segments | Sub Segments |
|---|---|
| Feedstock |
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| Application |
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India Methanol Market By Feedstock 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
India Methanol Market By Application 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
