Latin America Methanol Market Size & Outlook, 2025-2028

Latin America Methanol Market Size

According to Straits Research analysis, the Latin America Methanol Market was valued at USD 859.95 Million in 2024 and is projected to reach USD 1014.97 Million by 2028, expanding at a CAGR of 4.2% during the forecast period. The market is heavily driven by its primary applications in various industries such as agriculture, energy, and chemicals. In agriculture, methanol is frequently used to produce pesticides and herbicides, whereas the energy sector utilizes it as a clean-burning biofuel. Rising industrialization, coupled with technological advancements, is boosting methanol demand for the production of resins, pharmaceuticals, and plastics. A noteworthy trend in the market is the rising emphasis on low-carbon and sustainable production practices, paving the way for businesses to adopt green methanol. With favorable geographical advantages to increase export capacity, Latin America positions itself strategically to capture a greater share of the global methanol market in the forthcoming years.

Latin America Methanol Market Revenue Share 2024