Methanol Market - Global Methanol Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2026-2033 - (By Feedstock Coverage, By Application Coverage, By Geographic Coverage and By Company)

Description

The global methanol market is experiencing significant growth as industries increasingly recognize its versatility and wide range of applications. Methanol is not only a critical feedstock for numerous chemical products but also a promising alternative fuel, supporting cleaner energy initiatives. Rising industrialization, increasing demand for sustainable energy solutions, and advancements in production technologies are driving the methanol market forward, making it an essential component of the global chemicals and energy landscape.

Market Insights

The methanol market is expected to grow from USD 36.8 billion in 2026 to USD 68.6 billion by 2033, representing a robust compound annual growth rate (CAGR) of 9%. This growth is fueled by expanding applications in chemical manufacturing, energy, and fuel industries, along with the adoption of methanol in sustainable and low-carbon processes. Technological innovations in methanol production, including the use of renewable feedstocks, are further enhancing market prospects and encouraging long-term investment.

Key Market Drivers

The chemical industry is the largest driver of methanol demand, using it as a feedstock for products like formaldehyde, acetic acid, solvents, methylamines, and other derivatives. These products are crucial in industries such as construction, automotive, packaging, and consumer goods. In addition, methanol's application in energy and fuel sectors-including fuel blending, biodiesel production, dimethyl ether, and marine fuel-is increasing due to its cleaner combustion properties and alignment with environmental regulations. Growing global focus on reducing carbon emissions is further accelerating methanol adoption in fuel applications.

Business Opportunities

Significant opportunities exist for investment in renewable methanol production using biomass and renewable electricity. Green methanol is gaining prominence as industries and governments pursue net-zero emission targets. Expansion in methanol-to-olefins (MTO) and methanol-to-propylene technologies presents additional avenues for value creation in the chemical supply chain. Emerging markets with growing industrial bases offer untapped potential for capacity expansion and long-term growth.

Regional Analysis

Asia Pacific dominates the methanol market, driven by large-scale production, coal-based feedstock availability, and high chemical industry demand. China, in particular, leads in methanol-to-olefins production and fuel applications. North America is a key market, supported by abundant natural gas resources and investment in low-emission methanol technologies. Europe is witnessing steady growth, largely due to sustainability initiatives and rising adoption of methanol as a marine fuel. Latin America and the Middle East & Africa are emerging markets, benefiting from favorable feedstock access, industrial expansion, and investment opportunities.

Competitive Landscape

The methanol market is moderately consolidated, with leading global players focusing on capacity expansion, technological innovation, and sustainability. Companies are emphasizing renewable feedstocks, environmental compliance, and downstream integration to strengthen their market positions. Strategic partnerships and long-term supply agreements are increasingly shaping competitive strategies in the industry.

Key Players

Methanex Corporation
Proman AG
SABIC
Yankuang Energy Group Company Limited
Zagros Petrochemical Company
OCI N.V.
PETRONAS Chemicals Group Berhad
Mitsubishi Gas Chemical Company, Inc.
Celanese Corporation
LyondellBasell Industries N.V.
Metafrax Chemicals PAO
Ningxia Baofeng Energy Group Co. Ltd.

Market Segmentation

By Feedstock Coverage

Natural Gas
Coal
Biomass
Renewable Electricity

By Application Coverage

Chemical Formaldehyde Acetic Acid Solvents Methyl Methacrylate Methylamines Misc. (Silicone, Chloromethane, etc.)
Energy & MTO Methanol-to-Olefins (MTO) MTBE/TAME Biodiesel Dimethyl Ether (DME) Fuel Blending Marine Fuel

By Geographical Coverage

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

1. Executive Summary

1.1.Global Methanol Market Snapshot
1.2.Future Projections
1.3.Key Market Trends
1.4.Regional Snapshot, by Volume, 2025
1.5.Analyst Recommendations

2. Market Overview

2.1.Market Definitions and Segmentations
2.2.Market Dynamics
- 2.2.1.Drivers
- 2.2.2.Restraints
- 2.2.3.Market Opportunities
2.3.Value Chain Analysis
2.4.Supply Chain Interpretation
2.5.Porter's Five Forces Analysis
2.6.Covid - 19 Impact Analysis
- 2.6.1.Supply
- 2.6.2.Demand
2.7.Impact of Ukraine - Russia Conflict
2.8. Economic Overview
- 2.8.1.GDP per Capita, 2021
- 2.8.2.World Economic Projections
- 2.8.3.Global Construction Output, 2019 - 2033
2.9.PESTLE Analysis

3. Production Output and Trade Statistics

3.1.Global Primary Methanol Production, 2019 - 2025
3.2.Methanol Import Statistics, 2019 - 2025
3.3.Methanol Export Statistics, 2019 - 2025

4. Price Trends Analysis and Future Projects, 2019 - 2033

4.1.Global Average Price Analysis, by Source, US$ per Kg
4.2.Prominent Factors Affecting Methanol Prices
4.3.Global Average Price Analysis, by Region, US$ per Kg

5. Global Methanol Market Outlook, 2019 - 2033

5.1.Global Methanol Market Outlook, by Source, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
- 5.1.1.Key Highlights
  - 5.1.1.1.Natural Gas
  - 5.1.1.2.Coal
  - 5.1.1.3.Biomass
  - 5.1.1.4.Renewable Electricity
5.2.Global Methanol Market Outlook, by End - users, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
- 5.2.1.Key Highlights
  - 5.2.1.1.Chemical
    - 5.2.1.1.1.Formaldehyde
    - 5.2.1.1.2.Acetic Acid
    - 5.2.1.1.3.Solvents
    - 5.2.1.1.4.Methyl Methacrylate
    - 5.2.1.1.5.Methylamines
    - 5.2.1.1.6.Misc. (Silicone, Chloromethane, etc.)
  - 5.2.1.2. Energy & MTO
    - 5.2.1.2.1.Methanol - to - Olefins (MTO)
    - 5.2.1.2.2.MTBE/FAME
    - 5.2.1.2.3.Biodiesel
    - 5.2.1.2.4.Dimethyl Ether (DME)
    - 5.2.1.2.5.Fuel Blending
    - 5.2.1.2.6.Marine Fuel
5.3.Global Methanol Market Outlook, by Region, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
- 5.3.1.Key Highlights
  - 5.3.1.1.North America
  - 5.3.1.2. Europe
  - 5.3.1.3.Asia Pacific
  - 5.3.1.4.Latin America
  - 5.3.1.5.Middle East & Africa

6. North America Methanol Market Outlook, 2019 - 2033

6.1.North America Methanol Market Outlook, by Source, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
- 6.1.1.Key Highlights
  - 6.1.1.1.Natural Gas
  - 6.1.1.2.Coal
  - 6.1.1.3.Biomass
  - 6.1.1.4.Renewable Electricity
6.2.North America Methanol Market Outlook, by End - users, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
- 6.2.1.Key Highlights
  - 6.2.1.1.Chemical
    - 6.2.1.1.1.Formaldehyde
    - 6.2.1.1.2.Acetic Acid
    - 6.2.1.1.3.Solvents
    - 6.2.1.1.4.Methyl Methacrylate
    - 6.2.1.1.5.Methylamines
    - 6.2.1.1.6.Misc. (Silicone, Chloromethane, etc.)
  - 6.2.1.2. Energy & MTO
    - 6.2.1.2.1.Methanol - to - Olefins (MTO)
    - 6.2.1.2.2.MTBE/FAME
    - 6.2.1.2.3.Biodiesel
    - 6.2.1.2.4.Dimethyl Ether (DME)
    - 6.2.1.2.5.Fuel Blending
  - 6.2.1.3.Marine Fuel
- 6.2.2.Market Attractiveness Analysis
6.3.North America Methanol Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
- 6.3.1.Key Highlights
  - 6.3.1.1.U.S. Methanol Market by Product, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
  - 6.3.1.2.U.S. Methanol Market by Application, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
  - 6.3.1.3.Canada Methanol Market by Product, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
  - 6.3.1.4.Canada Methanol Market by Application, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
- 6.3.2.BPS Analysis/Market Attractiveness Analysis

7. Europe Methanol Market Outlook, 2019 - 2033

7.1. Europe Methanol Market Outlook, by Source, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
- 7.1.1.Key Highlights
  - 7.1.1.1.Natural Gas
  - 7.1.1.2.Coal
  - 7.1.1.3.Biomass
  - 7.1.1.4.Renewable Electricity
7.2. Europe Methanol Market Outlook, by End - users, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
- 7.2.1.Key Highlights
  - 7.2.1.1.Chemical
    - 7.2.1.1.1.Formaldehyde
    - 7.2.1.1.2.Acetic Acid
    - 7.2.1.1.3.Solvents
    - 7.2.1.1.4.Methyl Methacrylate
    - 7.2.1.1.5.Methylamines
    - 7.2.1.1.6.Misc. (Silicone, Chloromethane, etc.)
  - 7.2.1.2. Energy & MTO
    - 7.2.1.2.1.Methanol - to - Olefins (MTO)
    - 7.2.1.2.2.MTBE/FAME
    - 7.2.1.2.3.Biodiesel
    - 7.2.1.2.4.Dimethyl Ether (DME)
    - 7.2.1.2.5.Fuel Blending
  - 7.2.1.3.Marine Fuel
- 7.2.2.BPS Analysis/Market Attractiveness Analysis
7.3. Europe Methanol Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
- 7.3.1.Key Highlights
  - 7.3.1.1.Germany Methanol Market by Product, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
  - 7.3.1.2.Germany Methanol Market by Application, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
  - 7.3.1.3.U.K. Methanol Market by Product, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
  - 7.3.1.4.U.K. Methanol Market by Application, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
  - 7.3.1.5.France Methanol Market by Product, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
  - 7.3.1.6.France Methanol Market by Application, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
  - 7.3.1.7.Italy Methanol Market by Product, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
  - 7.3.1.8.Italy Methanol Market by Application, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
  - 7.3.1.9.Turkey Methanol Market by Product, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
  - 7.3.1.10.Turkey Methanol Market by Application, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
  - 7.3.1.11.Russia Methanol Market by Product, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
  - 7.3.1.12.Russia Methanol Market by Application, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
  - 7.3.1.13.Rest of Europe Methanol Market by Product, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
  - 7.3.1.14.Rest of Europe Methanol Market by Application, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
- 7.3.2.BPS Analysis/Market Attractiveness Analysis

8. Asia Pacific Methanol Market Outlook, 2019 - 2033

8.1.Asia Pacific Methanol Market Outlook, by Source, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
- 8.1.1.Key Highlights
  - 8.1.1.1.Natural Gas
  - 8.1.1.2.Coal
  - 8.1.1.3.Biomass
  - 8.1.1.4.Renewable Electricity
8.2.Asia Pacific Methanol Market Outlook, by End - users, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
- 8.2.1.Key Highlights
  - 8.2.1.1.Chemical
    - 8.2.1.1.1.Formaldehyde
    - 8.2.1.1.2.Acetic Acid
    - 8.2.1.1.3.Solvents
    - 8.2.1.1.4.Methyl Methacrylate
    - 8.2.1.1.5.Methylamines
    - 8.2.1.1.6.Misc. (Silicone, Chloromethane, etc.)
  - 8.2.1.2. Energy & MTO
    - 8.2.1.2.1.Methanol - to - Olefins (MTO)
    - 8.2.1.2.2.MTBE/FAME
    - 8.2.1.2.3.Biodiesel
    - 8.2.1.2.4.Dimethyl Ether (DME)
    - 8.2.1.2.5.Fuel Blending
  - 8.2.1.3.Marine Fuel
- 8.2.2.BPS Analysis/Market Attractiveness Analysis
8.3.Asia Pacific Methanol Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
- 8.3.1.Key Highlights
  - 8.3.1.1.China Methanol Market by Product, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
  - 8.3.1.2.China Methanol Market by Application, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
  - 8.3.1.3.Japan Methanol Market by Product, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
  - 8.3.1.4.Japan Methanol Market by Application, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
  - 8.3.1.5.South Korea Methanol Market by Product, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
  - 8.3.1.6.South Korea Methanol Market by Application, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
  - 8.3.1.7.India Methanol Market by Product, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
  - 8.3.1.8.India Methanol Market by Application, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
  - 8.3.1.9.Southeast Asia Methanol Market by Product, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
  - 8.3.1.10.Southeast Asia Methanol Market by Application, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
  - 8.3.1.11.Rest of Asia Pacific Methanol Market by Product, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
  - 8.3.1.12.Rest of Asia Pacific Methanol Market by Application, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
- 8.3.2.BPS Analysis/Market Attractiveness Analysis

9. Latin America Methanol Market Outlook, 2019 - 2033

9.1.Latin America Methanol Market Outlook, by Source, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
- 9.1.1.Key Highlights
  - 9.1.1.1.Natural Gas
  - 9.1.1.2.Coal
  - 9.1.1.3.Biomass
  - 9.1.1.4.Renewable Electricity
9.2.Latin America Methanol Market Outlook, by End - users, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
- 9.2.1.Key Highlights
  - 9.2.1.1.Chemical
    - 9.2.1.1.1.Formaldehyde
    - 9.2.1.1.2.Acetic Acid
    - 9.2.1.1.3.Solvents
    - 9.2.1.1.4.Methyl Methacrylate
    - 9.2.1.1.5.Methylamines
    - 9.2.1.1.6.Misc. (Silicone, Chloromethane, etc.)
  - 9.2.1.2. Energy & MTO
    - 9.2.1.2.1.Methanol - to - Olefins (MTO)
    - 9.2.1.2.2.MTBE/FAME
    - 9.2.1.2.3.Biodiesel
    - 9.2.1.2.4.Dimethyl Ether (DME)
    - 9.2.1.2.5.Fuel Blending
  - 9.2.1.3.Marine Fuel
- 9.2.2.BPS Analysis/Market Attractiveness Analysis
9.3.Latin America Methanol Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
- 9.3.1.Key Highlights
  - 9.3.1.1.Brazil Methanol Market by Product, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
  - 9.3.1.2.Brazil Methanol Market by Application, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
  - 9.3.1.3.Mexico Methanol Market by Product, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
  - 9.3.1.4.Mexico Methanol Market by Application, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
  - 9.3.1.5.Rest of Latin America Methanol Market by Product, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
  - 9.3.1.6.Rest of Latin America Methanol Market by Application, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
- 9.3.2.BPS Analysis/Market Attractiveness Analysis

10. Middle East & Africa Methanol Market Outlook, 2019 - 2033

10.1.Middle East & Africa Methanol Market Outlook, by Source, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
- 10.1.1.Key Highlights
  - 10.1.1.1.Natural Gas
  - 10.1.1.2.Coal
  - 10.1.1.3.Biomass
  - 10.1.1.4.Renewable Electricity
10.2.Middle East & Africa Methanol Market Outlook, by End - users, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
- 10.2.1.Key Highlights
  - 10.2.1.1.Chemical
    - 10.2.1.1.1.Formaldehyde
    - 10.2.1.1.2.Acetic Acid
    - 10.2.1.1.3.Solvents
    - 10.2.1.1.4.Methyl Methacrylate
    - 10.2.1.1.5.Methylamines
    - 10.2.1.1.6.Misc. (Silicone, Chloromethane, etc.)
  - 10.2.1.2. Energy & MTO
    - 10.2.1.2.1.Methanol - to - Olefins (MTO)
    - 10.2.1.2.2.MTBE/FAME
    - 10.2.1.2.3.Biodiesel
    - 10.2.1.2.4.Dimethyl Ether (DME)
    - 10.2.1.2.5.Fuel Blending
    - 10.2.1.2.6.Marine Fuel
- 10.2.2.BPS Analysis/Market Attractiveness Analysis
10.3.Middle East & Africa Methanol Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
- 10.3.1.Key Highlights
  - 10.3.1.1.GCC Methanol Market by Product, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
  - 10.3.1.2.GCC Methanol Market by Application, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
  - 10.3.1.3.South Africa Methanol Market by Product, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
  - 10.3.1.4.South Africa Methanol Market by Application, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
  - 10.3.1.5.Iran Methanol Market by Product, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
  - 10.3.1.6.Iran Methanol Market by Application, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
  - 10.3.1.7.Rest of Middle East & Africa Methanol Market by Product, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
  - 10.3.1.8.Rest of Middle East & Africa Methanol Market by Application, Volume (Kilo Tons) and Value (US$ Bn), 2019 - 2033
- 10.3.2.BPS Analysis/Market Attractiveness Analysis

11. Competitive Landscape

11.1.Product vs Application Heatmap
11.2.Manufacturer vs Application Heatmap
11.3.Company Market Share Analysis, 2021
11.4.Competitive Dashboard
11.5.Company Profiles
- 11.5.1.Methanex Corporation
  - 11.5.1.1.Company Overview
  - 11.5.1.2.Product Portfolio
  - 11.5.1.3.Financial Overview
  - 11.5.1.4.Business Strategies and Development
- 11.5.2.Proman AG
  - 11.5.2.1.Company Overview
  - 11.5.2.2.Product Portfolio
  - 11.5.2.3.Financial Overview
  - 11.5.2.4.Business Strategies and Development
- 11.5.3.SABIC
  - 11.5.3.1.Company Overview
  - 11.5.3.2.Product Portfolio
  - 11.5.3.3.Financial Overview
  - 11.5.3.4.Business Strategies and Development
- 11.5.4.Yankuang Energy Group Company Limited
  - 11.5.4.1.Company Overview
  - 11.5.4.2.Product Portfolio
  - 11.5.4.3.Financial Overview
  - 11.5.4.4.Business Strategies and Development
- 11.5.5.Zagros Petrochemical Company
  - 11.5.5.1.Company Overview
  - 11.5.5.2.Product Portfolio
  - 11.5.5.3.Financial Overview
  - 11.5.5.4.Business Strategies and Development
- 11.5.6.OCI N.V.
  - 11.5.6.1.Company Overview
  - 11.5.6.2.Product Portfolio
  - 11.5.6.3.Financial Overview
  - 11.5.6.4.Business Strategies and Development
- 11.5.7.PETRONAS Chemicals Group Berhad
  - 11.5.7.1.Company Overview
  - 11.5.7.2.Product Portfolio
  - 11.5.7.3.Financial Overview
  - 11.5.7.4.Business Strategies and Development
- 11.5.8.Mitsubishi Gas Chemical Company, Inc.
  - 11.5.8.1.Company Overview
  - 11.5.8.2.Product Portfolio
  - 11.5.8.3.Business Strategies and Development
- 11.5.9.Celanese Corporation
  - 11.5.9.1.Company Overview
  - 11.5.9.2.Product Portfolio
  - 11.5.9.3.Financial Overview
  - 11.5.9.4.Business Strategies and Development
- 11.5.10.LyondellBasell Industries N.V.
  - 11.5.10.1.Company Overview
  - 11.5.10.2.Product Portfolio
  - 11.5.10.3.Financial Overview
  - 11.5.10.4.Business Strategies and Development
- 11.5.11.Metafrax Chemicals PAO
  - 11.5.11.1.Company Overview
  - 11.5.11.2.Product Portfolio
  - 11.5.11.3.Financial Overview
  - 11.5.11.4.Business Strategies and Development
- 11.5.12.Ningxia Baofeng Energy Group Co. Ltd.
  - 11.5.12.1.Company Overview
  - 11.5.12.2.Product Portfolio
  - 11.5.12.3.Financial Overview
  - 11.5.12.4.Business Strategies and Development

12. Appendix

12.1.Research Methodology
12.2.Report Assumptions
12.3.Acronyms and Abbreviations