Russia Methanol Market Size & Outlook, 2025-2028
Russia Methanol Market Size
According to Straits Research analysis, the Russia Methanol Market was valued at USD 1149.8 Million in 2024 and is projected to reach USD 1363.68 Million by 2028, expanding at a CAGR of 4.4% during the forecast period. Primary drivers for this growth include a robust demand in industries like agriculture, chemicals and energy sector. Methanol is a crucial raw material in the manufacture of formaldehyde, acetic acid and other industrial chemicals. The renewable energy sector is also boosting the demand for Methanol as a sustainable fuel source, resonating with global trends towards green and low-carbon production. Technological advancements are further providing impetus to the market, creating significant export opportunities. As Russia plans to diversify its economy, the methanol industry is set to play a pivotal role in fortifying the country's position as a notable player in the global chemical industry arena.
Source: Straits Research Analysis Company Publications, Primary Interviews.
Russia Methanol Market Highlights
- Natural Gas held the leading position among Feedstock segments in 2024, based on market size.
- Natural Gas is projected to post the fastest growth rate, sustaining its position as the most attractive Feedstock segment during the forecast horizon.
- In 2024, Russia accounted for 3.56% of the global methanol market size.
- By 2028, China is expected to lead the global methanol market in terms of market size.
- Within CIS, Russia is projected to dominate the regional methanol market size by 2028.
- Russia is identified as the fastest-growing market in CIS, anticipated to reach USD 1363.68 Million by 2028.
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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 1149.8 Million |
| Market Size In 2028 | USD 1363.68 Million |
| Largest segment | Natural Gas |
| Fastest segment | Natural Gas |
| Units | Revenue in USD Million |
| CAGR | 4.4% (2025-2028) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Russia Methanol Market Share By Feedstock
Segmentation Covered
| Segments | Sub Segments |
|---|---|
| Feedstock |
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| Application |
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Russia Methanol Market By Feedstock 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
Russia Methanol Market By Application 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
