North America Methanol Market Size & Outlook, 2025-2028

North America Methanol Market Size

According to Straits Research analysis, the North America Methanol Market was valued at USD 5659.8 Million in 2024 and is projected to reach USD 6718.09 Million by 2028, expanding at a CAGR of 4.4% during the forecast period. The primary drivers for this growth are its wide applications in industries like agriculture and energy. In agriculture, methanol is utilized as a solvent and denaturant for ethanol, while in energy, it's a clean-burning, cost-effective fuel. The market is also witnessing growth due to increased demand in chemical production and industry-specific uses. There's a growing trend towards green production and sustainability in methanol production, presenting significant opportunities. Technological advancements, coupled with the export potential, further propel the market. The region is strategically positioning itself as a significant player in the methanol market, leveraging these trends and opportunities.