Mexico Methanol Market Size & Outlook, 2025-2028
Mexico Methanol Market Size
According to Straits Research analysis, the Mexico Methanol Market was valued at USD 349.7 Million in 2024 and is projected to reach USD 418.38 Million by 2028, expanding at a CAGR of 4.6% during the forecast period. Key industries such as agriculture, energy, and chemical manufacturing chiefly drive this demand with methanol serving as a crucial element in producing biodiesel, solvents, and formaldehyde. The growing interest in green and low-carbon production methods offers an emerging trend for methanol, with its properties as an effective substitute for fossil fuels. Additionally, technological advancements aid in promoting methanol's use through more efficient and sustainable production methods. With such strong domestic demand and growing export potential, Mexico is positioned to enhance its foothold in the global methanol market.
Source: Straits Research Analysis Company Publications, Primary Interviews.
Mexico 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.
- Mexico accounted for 1.08% of the global methanol market size in 2024.
- By 2028, China is expected to remain the top global market in terms of size.
- Within Latin America, Rest of Latin America is forecasted to dominate the regional methanol market size by 2028.
- Mexico will be the fastest-growing market in Latin America, projected to achieve USD 4707 Million by 2028.
Mexico 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 349.7 Million |
| Market Size In 2028 | USD 418.38 Million |
| Largest segment | Natural Gas |
| Fastest segment | Natural Gas |
| Units | Revenue in USD Million |
| CAGR | 4.6% (2025-2028) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Mexico Methanol Market Share By Feedstock
Segmentation Covered
| Segments | Sub Segments |
|---|---|
| Feedstock |
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| Application |
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Mexico Methanol Market By Feedstock 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
Mexico Methanol Market By Application 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
