The Methanol Market was valued at USD 38.50 billion in 2024, and is projected to reach USD 64.14 billion by 2030, rising at a CAGR of 9.10%. Exceptional blending capacity and high-octane rating of the product are the key factors driving the consumption of methanol as fuel.
Methanol, also referred to as methyl alcohol or wood alcohol, is a clear and volatile liquid that is flammable and has a scent similar to that of ethanol or drinking alcohol. It is one of the most commonly used industrial chemicals. It serves as a precursor in the production of various other chemicals, such as formaldehyde, acetic acid, Methyl Tert-Butyl Ether (MTBE), Dimethyl Ether (DME), biodiesels, olefins, and more.
Increasing demand for acetic acid, formaldehyde, and DME are the key drivers for the methanol industry’s growth in Asia Pacific. In addition, the product's supply and demand across Asia Pacific are projected to be stable during the forecast period, with the ongoing Russia-Ukraine war.
A few methanol manufacturers are integrated into the value chain as they manufacture and distribute methanol through various sales channels to different end-use industries in different regions of the world. Some manufacturers of methanol involved in its distribution are BASF SE, Methanex Corporation, and Saudi Arabia Basic Industries Corporation (SABIC).
Using methanol-to-olefin (MTO) catalysts has significantly improved olefin production from methanol or coal feedstocks as an alternative approach to the naphtha cracking process. Increased olefin yields have been the primary driver of the global demand for MTO.
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Methanol, also referred to as methyl alcohol or wood alcohol, is a clear and volatile liquid that is flammable and has a scent similar to that of ethanol or drinking alcohol. It is one of the most commonly used industrial chemicals. It serves as a precursor in the production of various other chemicals, such as formaldehyde, acetic acid, Methyl Tert-Butyl Ether (MTBE), Dimethyl Ether (DME), biodiesels, olefins, and more.
Increasing demand for acetic acid, formaldehyde, and DME are the key drivers for the methanol industry’s growth in Asia Pacific. In addition, the product's supply and demand across Asia Pacific are projected to be stable during the forecast period, with the ongoing Russia-Ukraine war.
A few methanol manufacturers are integrated into the value chain as they manufacture and distribute methanol through various sales channels to different end-use industries in different regions of the world. Some manufacturers of methanol involved in its distribution are BASF SE, Methanex Corporation, and Saudi Arabia Basic Industries Corporation (SABIC).
Using methanol-to-olefin (MTO) catalysts has significantly improved olefin production from methanol or coal feedstocks as an alternative approach to the naphtha cracking process. Increased olefin yields have been the primary driver of the global demand for MTO.
Methanol Market Report Highlights
- Methanol is one of the major components in the production of biodiesel, which is manufactured by chemically reacting vegetable oil or fatty acid with methanol
- Methanol is toxic and poses risks to human health and the environment, if not handled properly.
- The formaldehyde segment dominated the market with a market share of 23.5% in 2024, during the forecast period
- Methanol-to-olefin (MTO) catalysts have significantly improved in producing olefins from methanol or coal feedstocks, offering an alternative to the traditional naphtha cracking process.
- Asia Pacific is the spearhead of methanol market growth, with China being the major producer and consumer of methanol on a global scale, followed by other Asian countries, such as Japan and South Korea.
This report addresses:
- Market intelligence to enable effective decision-making.
- Market estimates and forecasts from 2018 to 2030.
- Growth opportunities and trend analyses.
- Segment and regional revenue forecasts for market assessment.
- Competition strategy and market share analysis.
- Product innovation listings for you to stay ahead of the curve.
- COVID-19's impact and how to sustain in this fast-evolving market.
Why Should You Buy This Report?
- Comprehensive Market Analysis: Gain detailed insights into the market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Market Variables, Trends, and Scope
Chapter 4. Methanol Market: Application Estimates & Trend Analysis
Chapter 5. Methanol Market: Regional Estimates & Trend Analysis
Chapter 6. Competitive Landscape
List of Tables
List of Figures
Companies Mentioned
The major companies profiled in this Methanol market report include:- BASF SE
- Mitsui & Co. Ltd.
- Celanese Corporation
- Petroliam Nasional Berhad (PETRONAS)
- SABIC
- Methanex Corporation
- Mitsubishi Gas Chemical Co., Inc.
- QAFAC (Qatar Fuel Additives Company Limited)
- Qualcomm Technologies, Inc.
- Zagros Petrochemical Company
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | February 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 38.5 Billion |
| Forecasted Market Value ( USD | $ 64.14 Billion |
| Compound Annual Growth Rate | 9.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
