Vietnam Methanol Market Size & Outlook, 2025-2028
Vietnam Methanol Market Size
According to Straits Research analysis, The Vietnam Methanol Market was valued at USD 609 Million in 2024 and is projected to reach USD 758.33 Million by 2028, expanding at a CAGR of 5.6% during the forecast period. This growth is largely due to its extensive usage in sectors like agriculture, particularly as pesticides and fertilizers, energy generation and chemicals manufacturing. Furthermore, methanol has prominent application in the plastic industry, creating demand. Drivers such as low-carbon production, green manufacturing, and technological advancements also contribute to market expansion. Exporting methanol proves lucrative, presenting substantial growth opportunities. Vietnam is positioning itself as a robust participant in the Methanol market, leveraging its manufacturing and export potential for increased market footprint. This market overview for Vietnam Methanol sets the stage for more granular analysis and strategic decision-making.
Source: Straits Research Analysis Company Publications, Primary Interviews.
Vietnam 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, Vietnam represented 1.89% of the overall global methanol market size.
- China is projected to lead the global methanol market size by 2028.
- Across Asia Pacific, China is anticipated to hold the dominant position in market by 2028.
- India is forecasted to expand at the fastest pace in Asia Pacific, attaining USD 58503 Million by 2028.
Vietnam 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 609 Million |
| Market Size In 2028 | USD 758.33 Million |
| Largest segment | Natural Gas |
| Fastest segment | Natural Gas |
| Units | Revenue in USD Million |
| CAGR | 5.6% (2025-2028) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Vietnam Methanol Market Share By Feedstock
Segmentation Covered
| Segments | Sub Segments |
|---|---|
| Feedstock |
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| Application |
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Vietnam Methanol Market By Feedstock 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
Vietnam Methanol Market By Application 2028
Source: Straits Research Analysis Company Publications, Primary Interviews.
