Japan Methanol Market Size & Outlook, 2025-2028
Japan Methanol Market Size
According to Straits Research analysis, The Japan Methanol Market was valued at USD 760.79 Million in 2024 and is projected to reach USD 976.74 Million by 2028, expanding at a CAGR of 6.4% during the forecast period. Primary applications driving this growth can be attributed to industries such as agriculture, chemical, and energy. Methanol is a key ingredient in fertilizers, plastics, and pharmaceuticals, and an essential component in producing biofuels, garnering huge demand from these sectors. The market is witnessing emerging trends such as green and low-carbon methanol production and pro-sustainability initiatives, facilitating advancements in methanol-based fuel cells. Japan's strategic position as net methanol exporters offers potential growth opportunities. The country is positioning itself as a leader in sustainable and technology-advanced methanol production, poised to meet the domestic and international demand in the future.
Source: Straits Research Analysis Company Publications, Primary Interviews.
Japan Methanol Market Highlights
- By 2024, Natural Gas represented the largest share of the Feedstock market size.
- Natural Gas is expected to remain the key growth driver within Feedstock, registering the fastest CAGR during the forecast period.
- In 2024, Japan represented 2.36% of the overall global methanol market size.
- China is projected to lead the global methanol market size by 2028.
- Across Asia Pacific, China is anticipated to hold the dominant position in market by 2028.
- India is forecasted to expand at the fastest pace in Asia Pacific, attaining USD 58503 Million by 2028.
Japan 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 760.79 Million |
| Market Size In 2028 | USD 976.74 Million |
| Largest segment | Natural Gas |
| Fastest segment | Natural Gas |
| Units | Revenue in USD Million |
| CAGR | 6.4% (2025-2028) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Japan Methanol Market Share By Feedstock
Segmentation Covered
| Segments | Sub Segments |
|---|---|
| Feedstock |
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| Application |
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Japan Methanol Market By Feedstock 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
Japan Methanol Market By Application 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
