Saudi Arabia Methanol Market Size & Outlook, 2025-2028
Saudi Arabia Methanol Market Size
According to Straits Research analysis, the Saudi Arabia Methanol Market was valued at USD 294.99 Million in 2024 and is projected to reach USD 359.32 Million by 2028, expanding at a CAGR of 5.1% during the forecast period. The primary applications catalyzing the market's growth encompass a plethora of industries such as agriculture, where it's employed in fertilizer formulation, and chemicals, functioning as a vital component in resin synthesis. The energy sector also harnesses methanol as a clean fuel alternative. Emerging opportunities encompass green production methods, with Saudi Arabia focusing on sustainability in methanol manufacturing. Technological advancements facilitating efficient methanol production and the region's vast export potential further contribute to market growth. As Saudi Arabia continues to champion sustainable and efficient practices, its position in the methanol market seems poised to strengthen further.
Source: Straits Research Analysis Company Publications, Primary Interviews.
Saudi Arabia Methanol Market Highlights
- By 2024, Natural Gas represented the largest share of the Feedstock market size.
- Natural Gas is expected to remain the key growth driver within Feedstock, registering the fastest CAGR during the forecast period.
- Saudi Arabia contributed 0.91% to the global methanol market size in 2024.
- By 2028, China is forecasted to remain the largest global market for methanol market.
- In Middle East And Africa, Rest of MEA is projected to capture the leading share of market by 2028.
- Among Middle East And Africa markets, South Africa is expected to post the fastest growth, reaching USD 5913 Million by 2028.
Saudi Arabia 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 294.99 Million |
| Market Size In 2028 | USD 359.32 Million |
| Largest segment | Natural Gas |
| Fastest segment | Natural Gas |
| Units | Revenue in USD Million |
| CAGR | 5.1% (2025-2028) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Saudi Arabia Methanol Market Share By Feedstock
Segmentation Covered
| Segments | Sub Segments |
|---|---|
| Feedstock |
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| Application |
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Saudi Arabia Methanol Market By Feedstock 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
Saudi Arabia Methanol Market By Application 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
