Middle East And Africa Methanol Market Size & Outlook, 2025-2028
Middle East And Africa Methanol Market Size
According to Straits Research analysis, the Middle East and Africa Methanol Market was valued at USD 1330.56 Million in 2024 and is projected to reach USD 1597.68 Million by 2028, expanding at a CAGR of 4.7% during the forecast period. This growth has been fueled by its extensive application in industries such as agriculture, chemicals, and energy. The chemical industry, in particular, uses methanol as an essential raw material for producing formaldehyde, acetic acid, and other chemicals. Additionally, burgeoning trends such as green and low-carbon production facilitate demand within the energy sector as methanol is used in biofuels and other sustainable energy sources. Technological advancements further boost export potential as production costs decrease. Looking forward, the Middle East and Africa are strategically positioning themselves as significant contributors to the rising global methanol market.
Source: Straits Research Analysis Company Publications, Primary Interviews.
Middle East And Africa Methanol Market Highlights
- Within Feedstock, Natural Gas accounted for the largest market size in 2024.
- During the forecast period, Natural Gas is anticipated to remain the highest-growth segment within the Feedstock category.
- In 2024, Middle East And Africa accounted for 4.12% of the global methanol market size.
- By 2028, China is projected to lead the global market in terms of market size.
- South Africa is projected to emerge as the fastest-growing market in Middle East And Africa, reaching USD 5913 Million by 2028.
Middle East And Africa Methanol Market Revenue Share 2024
- 📊 Preview Report Scope and Structure – Gain immediate visibility into key topics, market segments, and data frameworks covered.
- 📥 Evaluate Strategic Insights – Access selected charts, statistics, and analyst-driven commentary derived from the final report deliverables.
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 1330.56 Million |
| Market Size In 2028 | USD 1597.68 Million |
| Largest segment | Natural Gas |
| Fastest segment | Natural Gas |
| Units | Revenue in USD Million |
| CAGR | 4.7% (2025-2028) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Middle East And Africa Methanol Market Share By Feedstock
Segmentation Covered
| Segments | Sub Segments |
|---|---|
| Country |
|
| Feedstock |
|
| Application |
|
Middle East And Africa Methanol Market By Country 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
Middle East And Africa Methanol Market By Feedstock 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
Middle East And Africa Methanol Market By Application 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
