PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1718908
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1718908
The global methanol market is expected to grow from USD 45.56 billion in 2025 to USD 55.80 billion by 2030, at a CAGR of 4.1% from 2025 to 2030.
Scope of the Report | |
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Years Considered for the Study | 2021-2030 |
Base Year | 2024 |
Forecast Period | 2025-2030 |
Units Considered | Value (USD Million/Billion), Volume (Thousand Metric Tons) |
Segments | Feedstock, Derivative, Subderivative, and End-use Industry |
Regions covered | North America, Asia Pacific, Europe, Middle East & Africa, and South America |
Methanol is mainly used to produce formaldehyde, acetic acid, and various resins and adhesives in the building, automotive, and electronics industries. These sectors continue to grow due to increased automotive manufacturing and infrastructure development. In China, methanol-powered vehicles have gained official support, promoting their use as a clean-burning alternative fuel, either alone or mixed with gasoline (e.g., M15 and M85 fuels). Additionally, stricter emissions standards from the International Maritime Organization (IMO) drive the adoption of methanol as a marine fuel. The rising demand for methanol derivatives, such as formaldehyde and MTO, also boosts market growth.
"The coal segment is estimated to be the fastest-growing segment of the methanol market during 2025 to 2030."
Coal is projected to be the fastest-growing segment in the feedstock market throughout the forecast period. Among the different types of coal, lignite stands out as a promising sustainable option for large-scale methanol production due to its abundant reserves and favorable characteristics. Various coal types, including anthracite, bituminous, sub-bituminous, and lignite, can be used effectively as feedstocks in methanol manufacturing. The increasing demand for coal as a feedstock is primarily driven by its low cost and widespread availability, making it an attractive choice for producers looking to optimize their resources in the methanol industry.
"By derivative, the MTO/MTP segment is estimated to be the fastest-growing segment of the methanol market during 2025 to 2030."
The MTO/MTP segment is expected to experience the fastest growth during the forecast period, as indicated by the derivative segment. The petrochemical industry is seeing an increasing demand for olefins. Demand for MTO plants is particularly rising in countries like China, where MTO is used for olefin production. The primary goal of the MTP process, a variation of the MTO process, is to produce propylene. This process uses the same methods as the MTO technique for converting methanol into propylene.
"By subderivative, the olefins segment is estimated to be the fastest-growing segment of the methanol market during 2025 to 2030."
Olefins are expected to be the fastest-growing segment during the forecast period, as indicated by the sub-derivative segment. Their demand is particularly high in the construction sector. Olefins serve as a fundamental material in the production of various chemical and polymer products, including plastics, detergents, adhesives, rubber, and food packaging. The methanol-to-olefins (MTO) and methanol-to-propylene (MTP) processes offer alternative methods for producing olefins by using methanol as a feedstock instead of traditional fossil fuel-based sources.
"By end-use industry, the solvent segment is estimated to be the fastest-growing segment of the methanol market during 2025 to 2030."
The solvents segment is expected to see the fastest growth during the forecast period, depending on the end-use industry. The Asia Pacific leads the methanol market in the solvents segment, mainly due to significant growth in the construction sector. Methanol is widely used as a solvent in laboratories for various analytical and research purposes. Its affordability and compatibility with most analytical techniques make it a popular choice in lab settings.
"The methanol market in the Asia Pacific is projected to witness the highest CAGR during the forecast period."
The methanol market in the Asia Pacific region is expected to grow at a CAGR of 4.4 percent from 2025 to 2030. This growth is driven by rising demand for UF/PF resins and methanol as an emerging vehicle fuel. China, the largest consumer of methanol in the region, is seeing increased demand due to expanding infrastructure, rapid industrialization, and a growing chemical industry, with applications in formaldehyde, acetic acid, olefins, and fuel blending.
Methanex Corporation (Canada), Valenz (Switzerland), SABIC (Saudi Arabia), Yankuang Energy Group Company Limited (China), Zagros Petrochemical Company (ZPC) (Iran), Celanese Corporation (Texas), BASF SE (Germany), and Petroliam Nasional Berhad (PETRONAS) (Malaysia) are some prominent players in the market. These players have adopted acquisitions, expansions, product launches, and partnerships to increase their market share and business revenue.
The report outlines, categorizes, and predicts the size of the methanol market based on derivatives, subderivatives, end-use applications, and regions. It strategically profiles key players and thoroughly analyzes their market share and core competencies. Additionally, the report tracks and examines competitive developments, including acquisitions, agreements, investments, joint ventures, mergers, product launches, expansions, divestments, and partnerships undertaken by these companies in the market.
The report is expected to help market leaders and new entrants by providing them with the closest approximations of revenue numbers for the methanol market and its segments. It is also expected to help stakeholders obtain an improved understanding of the competitive landscape of the market, gain insights to improve their businesses' positions, and develop suitable go-to-market strategies. It also enables stakeholders to understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.