Home Bulk Chemicals United States Methanol Market Size And Share Report By 2028

United States Methanol Market Size & Outlook, 2025-2028

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.

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
  1. Natural Gas
  2. Coal
  3. Biomass & Renewables
Application
  1. Formaldehyde
  2. Acetic Acid
  3. MTBE
  4. DME
  5. Fuel Blending
  6. MTO
  7. Biodiesel
  8. Others
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