As per MarkNtel The Global Methanol Market size was valued at around USD 32.19 billion in 2024 and is projected to reach USD 42 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4.5% during the forecast period, i.e., 2025-30.

Methanol Market Systems Market Insights:

High demand from industries such as automotive, electronics, and construction, implementation of various government regulations regarding emission standards to be followed, ease of availability, and low cost compared to other fueling options are the main driving factors behind this market. Olefins, Acetic acid, and formaldehyde are petrochemicals that are manufactured using methanol and utilized in the production of resins, adhesives, and paints used in the construction industry with lightweight plywood used in doors. With the expansion of the petrochemical industry that is based on the expansion of its end-user sectors like construction, Automotive, and electronic, the demand for Methanol has increased in recent years.

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Methanol Market Systems Market Segmentation:

By Application

  • Formaldehyde- Market Size & Forecast 2020-2030, USD Billion
  • Gasoline- Market Size & Forecast 2020-2030, USD Billion
  • Acetic Acid- Market Size & Forecast 2020-2030, USD Billion
  • MTBE- Market Size & Forecast 2020-2030, USD Billion
  • Dimethyl Ether- Market Size & Forecast 2020-2030, USD Billion
  • MTO/MTP- Market Size & Forecast 2020-2030, USD Billion
  • Biodiesel- Market Size & Forecast 2020-2030, USD Billion
  • Others- Market Size & Forecast 2020-2030, USD Billion

By End-User Industry

  • Automotive - Market Size & Forecast 2020-2030, USD Billion
  • Construction- Market Size & Forecast 2020-2030, USD Billion
  • Electronics- Market Size & Forecast 2020-2030, USD Billion
  • Others (Pharmaceuticals, Paints & Coatings, Solvents, etc.)- Market Size & Forecast 2020-2030, USD Billion

By Feedstock

  • Natural Gas - Market Size & Forecast 2020-2030, USD Billion
  • Coal- Market Size & Forecast 2020-2030, USD Billion
  • Other (Biomass and other renewables)- Market Size & Forecast 2020-2030, USD Billion

By Region

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

Methanol Market Recent Development:

  • 2025: Celanese Corporation partnered with Cloverdale Paint, a global paint-making company. As per this collaboration, Celanese will use its carbon Capture Technology to make methanol from waste CO2, which will be used as a raw material in the manufacturing of sustainable paints by Cloverdale Paints.
  • 2024: Methanex Corporation announced the acquisition of OCI’s international methanol business for around USD 2.05 billion. This acquisition includes two world-scale methanol production facilities of OCI in Beaumont, Texas.

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Methanol Market Drivers:

Role of Methanol as a Sustainable Compound & Clean Burning Fuel Driving Market Growth – Methanol is a renewable energy source that is biodegradable, water soluble, and clean burning fuel and is preferred in electronic, marine, and automotive industries. It reduces emissions of nitrogen oxides from heavy-duty trucks and transit buses. It also diminishes hydrocarbons and their reactivity with nitrogen oxides to form the Ozone Layer. These hydrocarbons are passed to air from vehicle tail pipes and also evaporate directly from gasoline and reduce diesel exhaust particulate matter. It's a key feedstock for the chemical industry in regards to the formation of acetic acid, formaldehyde, Gasoline additive, methyl tertiary butyl ether, etc. For instance, while making formaldehyde using methanol, only hydrogen gas is released, which is, again, a useful byproduct. It is used as an anti-freezing agent in engines and is utilized to produce lighter car parts. As a result, its use in making chemicals has increased its demand.

Report Highlights Essential Insights for Strategic Decision-Making

  • Detailed market size, share, and forecast analysis
    • In-depth pricing trends and segment-wise cost evaluations
    • Key industry strategies, including innovation, partnerships, and acquisitions
    • Critical value chain analysis and stakeholder profiling
    • Regional import-export market insights and trade flow assessment
    • Thorough competitive benchmarking of top hearing aid manufacturers
    • Identification of new growth opportunities and niche market segments
    • Overview of market trends, drivers, and challenges shaping future demand

Some of the leading players in the Methanol Market are:

  • Methanex Corporation
  • BASF SE
  • Celanese Corporation
  • SABIC
  • Mitsubishi Gas Chemical Company
  • LyondellBasell Industries
  • Petroliam Nasional Berhad (PETRONAS)
  • Metafrax Chemicals
  • Mitsui & Co.
  • Proman
  • Qatar Fuel Additives Company Limited
  • Zagros Petrochemical Company
  • Sipchem
  • OCI Global
  • Atlantic Methanol Production Company and others.

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Research Methodology Summary

A systematic approach is used to ensure accurate market insights, combining both bottom-up and top-down methods. Data triangulation validates findings from multiple angles.

Key Steps:

  • Define objectives and research design
  • Collect data through surveys and interviews
  • Analyze and validate data using reliable tools
  • Forecast trends and deliver actionable insights

About us:

MarkNtel Advisors is a premier market research and consulting firm specializing in the chemical industry, with expertise across specialty chemicals, petrochemicals, industrial chemicals, and chemical processing technologies. Our research solutions guide manufacturers, suppliers, and investors in tracking innovation, pricing trends, and sustainability initiatives. Through Custom Market Analysis, we deliver precise, business-specific intelligence, helping clients optimize production efficiency, manage volatility, and capture new opportunities within the global chemicals ecosystem.

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