United States Methanol Market Size
According to Straits Research analysis, the United States Methanol Market was valued at USD 4729.9 Million in 2024 and is projected to reach USD 5625.06 Million by 2028, expanding at a CAGR of 4.4% during the forecast period. The primary applications driving this growth encompass a host of sectors including agriculture, chemicals, and the energy sector. In agriculture, methanol is used as a biofuel and in the production of pesticides, while the chemical industry employs it to create formaldehyde and acetic acid. The energy industry utilizes methanol in biodiesel. Emerging trends in low-carbon production and sustainability are propelling the methanol market forward. Technological advancements, like efficient conversion processes, have the potential to drive future growth. Furthermore, the export potential is promising. With these opportunities, the United States is aligning for future advancement in the global methanol market.
Source: Straits Research Analysis Company Publications, Primary Interviews.
United States Methanol Market Highlights
- Within the Feedstock category, Natural Gas dominated in 2024 in terms of market size contribution.
- Over the forecast period, Natural Gas is forecasted to deliver the fastest growth, positioning it as the most lucrative Feedstock segment.
- United States accounted for 14.66% of the global methanol market size in 2024.
- By 2028, China is expected to remain the top global market in terms of size.
- Within North America, United States is forecasted to dominate the regional methanol market size by 2028.
- Canada will be the fastest-growing market in North America, projected to achieve USD 24106 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 4729.9 Million |
| Market Size In 2028 |
USD 5625.06 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 |
United States Methanol Market Share By Feedstock
Segmentation Covered
| Segments |
Sub Segments |
| Feedstock |
- Natural Gas
- Coal
- Biomass & Renewables
|
| Application |
- Formaldehyde
- Acetic Acid
- MTBE
- DME
- Fuel Blending
- MTO
- Biodiesel
- Others
|
United States Methanol Market By Feedstock 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
United States Methanol Market By Application 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.