South Africa Methanol Market Size & Outlook, 2025-2028
South Africa Methanol Market Size
According to Straits Research analysis, the South Africa Methanol Market was valued at USD 217.55 Million in 2024 and is projected to reach USD 263.14 Million by 2028, expanding at a CAGR of 4.9% during the forecast period. Key growth drivers include burgeoning sectors such as agriculture, chemicals, and energy, where methanol is extensively used for its versatile properties. Particularly, the evolution of green and low-carbon methanol production methods, underpinned by significant technological advancements, provides a fresh impetus to the market. Furthermore, the burgeoning export potential in South Africa bolsters the market. Navigating forward, South Africa's strategic focus on sustainability and technological innovation sets a robust tone for its positioning in the global methanol market.
Source: Straits Research Analysis Company Publications, Primary Interviews.
South Africa Methanol Market Highlights
- In 2024, Natural Gas accounted for the highest share of the Feedstock market size.
- During the forecast period, Natural Gas is set to register the highest growth, making it the most lucrative Feedstock segment.
- South Africa accounted for 0.67% of the global methanol market size in 2024.
- By 2028, China is expected to remain the top global market in terms of size.
- Within Middle East And Africa, Rest of MEA is forecasted to dominate the regional methanol market size by 2028.
- South Africa will be the fastest-growing market in Middle East And Africa, projected to achieve USD 5913 Million by 2028.
South Africa 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 217.55 Million |
| Market Size In 2028 | USD 263.14 Million |
| Largest segment | Natural Gas |
| Fastest segment | Natural Gas |
| Units | Revenue in USD Million |
| CAGR | 4.9% (2025-2028) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
South Africa Methanol Market Share By Feedstock
Segmentation Covered
| Segments | Sub Segments |
|---|---|
| Feedstock |
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| Application |
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South Africa Methanol Market By Feedstock 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
South Africa Methanol Market By Application 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
