Market Research

Asia Pacific Methanol Market, By Feedstock (Natural Gas, Coal, Biomass, CO2, Others); By Derivative (Formaldehyde, Acetic Acid, Methyl Tert-Butyl Ether (MTBE), Methanol-to-Olefins (MTO), Dimethyl Ether (DME), Biodiesel, Solvents, Others); By End User Indu

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from $3,599 273 Pages BlueWeave Consulting April, 2025 BLWC20001633
Best Price Guarantee
Price from $3,599
Length 273 Pages
Publisher BlueWeave Consulting
Published Date April, 2025
SKU BLWC20001633

Asia Pacific Methanol Market Size Set to Touch USD 31 Billion by 2031

Asia Pacific Methanol Market is booming primarily due to the rapid adoption of methanol-to-olefins technology, the growing impetus behind clean fuel initiatives, and the steadily increasing demand emanating from diverse end use industries.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Asia Pacific Methanol Market size by value at USD 20.26 billion in 2024. During the forecast period between 2025 and 2031, BlueWeave expects Asia Pacific Methanol Market size to boom at a robust CAGR of 6.2% reaching a value of USD 30.87 billion by 2031. The growth of Methanol Market across the Asia Pacific region is propelled by escalating demand in chemical manufacturing and clean fuel applications, underpinned by regional carbon emission reduction efforts. Government initiatives in China and India catalyze investments in production and infrastructure. Furthermore, the expanding use of methanol as a petrochemical feedstock and a low-emission marine fuel, driven by the shipping industry's sustainability push, fuels market expansion. Enhanced public-private collaborations strengthen the methanol value chain, while the increasing focus on sustainable practices fosters innovation in renewable methanol production. Supportive clean energy policies and technological advancements further contribute to this dynamic market outlook.

Opportunity – Development of Green Methanol

Green methanol, produced from renewable sources like green hydrogen and captured biogenic CO₂, offers a low-carbon alternative to conventional methanol derived from natural gas. It holds immense potential in decarbonizing hard-to-abate sectors such as shipping and heavy industry. For instance, CMA CGM has partnered with SIPG Energy and Shanghai Electric Group to establish a fully integrated green methanol supply chain in China, aligning with its net-zero target by 2050. Similarly, a consortium including PTTEP and Maersk is exploring Southeast Asia’s first green e-methanol pilot plant in Singapore. These initiatives not only aim to reduce emissions but also position Asia Pacific as a frontrunner in the global energy transition, making green methanol a key growth driver for the region’s methanol market.

China Dominates Asia Pacific Methanol Market

China holds the major share in Asia Pacific Methanol Market and is expected to maintain its dominance over the forecast period. By 2030, China is projected to continue to lead the region in methanol capacity expansions. With major industrial hubs, China significantly contributes to methanol consumption, particularly with its expanding chemical sector, where methanol is a key feedstock. India follows closely, with a growing focus on cleaner fuel alternatives in its energy transition, further emphasizing the role of methanol. China's dominance is driven by its clean fuel demand and advancing urbanization and industrialization, which increases methanol use in sectors like construction, packaging, and automotive. Additionally, methanol demand in Indonesia and Malaysia is rising, particularly for solvents, manufacturing, and key chemicals like formaldehyde, acetic acid, and MTBE.

Impact of Escalating Geopolitical Tensions on Asia Pacific Methanol Market

Intensifying geopolitical tensions could have a multifaceted impact on Asia Pacific Methanol Market, by disrupting supply chains and increasing raw material costs. Many methanol production processes rely on natural gas and coal, both of which are subject to international trade fluctuations and political conflicts. Tensions in key energy-producing regions can lead to price hikes and supply shortages, affecting production stability. Additionally, uncertainty in global markets may deter investments in methanol infrastructure and innovation. As a result, geopolitical tensions can create instability, hinder market growth, and affect the region's ability to meet the rising demand for methanol in various industries.

Competitive Landscape

Asia Pacific Methanol Market is highly fragmented, with numerous players serving the market. Major companies dominating the market include PetroChina, BASF, Qatar Petroleum, SABIC, LyondellBasell Industries, OCI N.V., China National Chemical Corporation, Haldor Topsoe, Yuanhe Chemical, Jiangsu Sailboat Petrochemical, China National Petroleum Corporation, Methanex Corporation, China Coal Energy Company, Cyanamid, and Kuwait National Petroleum Company. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge over their competitors in Asia Pacific Methanol Market .

The report's in-depth analysis provides information about growth potential, upcoming trends, and Asia Pacific Methanol Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Asia Pacific Methanol Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.


1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Executive Summary
3. Asia Pacific Methanol Market Insights
3.1. Industry Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. Surge in Methanol-to-Olefins
3.2.1.2. Clean Fuel Initiatives
3.2.1.3. Rising Demand from End-Use Industries
3.2.2. Restraints
3.2.2.1. Volatility in Raw Material Prices
3.2.2.2. Environmental Concerns
3.2.3. Opportunities
3.2.3.1. Green Methanol Development
3.2.3.2. Expanding Petrochemical Sector
3.2.4. Challenges
3.2.4.1. Competition from Alternative Fuels
3.2.4.2. Infrastructure Limitations
3.3. Technological Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of New Entrants
3.5.4. Threat of Substitutes
3.5.5. Intensity of Rivalry
4. Asia Pacific Methanol Market: Marketing Strategies
5. Asia Pacific Methanol Market: Pricing Analysis
6. Asia Pacific Methanol Market Overview
6.1. Market Size & Forecast, 2019–2031
6.1.1. By Value (USD Billion)
6.2. Market Share & Forecast
6.2.1. By Feedstock
6.2.1.1. Natural Gas
6.2.1.2. Coal
6.2.1.3. Biomass
6.2.1.4. CO2
6.2.1.5. Others
6.2.2. By Derivative
6.2.2.1. Formaldehyde
6.2.2.2. Acetic Acid
6.2.2.3. Methyl Tert-Butyl Ether (MTBE)
6.2.2.4. Methanol-to-Olefins (MTO)
6.2.2.5. Dimethyl Ether (DME)
6.2.2.6. Biodiesel
6.2.2.7. Solvents
6.2.2.8. Others
6.2.3. By End User Industry
6.2.3.1. Petrochemical Industry
6.2.3.2. Transportation
6.2.3.3. Energy & Power
6.2.3.4. Construction & Infrastructure
6.2.3.5. Healthcare & Pharmaceuticals
6.2.3.6. Others
6.2.4. By Country
6.2.4.1. China
6.2.4.2. India
6.2.4.3. Japan
6.2.4.4. South Korea
6.2.4.5. Australia & New Zealand
6.2.4.6. Indonesia
6.2.4.7. Malaysia
6.2.4.8. Singapore
6.2.4.9. Vietnam
6.2.4.10. Rest of Asia Pacific
7. China Methanol Market
7.1. Market Size & Forecast, 2019–2031
7.1.1. By Value (USD Billion)
7.2. Market Share & Forecast
7.2.1. By Feedstock
7.2.2. By Derivative
7.2.3. By End User Industry
8. India Methanol Market
8.1. Market Size & Forecast, 2019–2031
8.1.1. By Value (USD Billion)
8.2. Market Share & Forecast
8.2.1. By Feedstock
8.2.2. By Derivative
8.2.3. By End User Industry
9. Japan Methanol Market
9.1. Market Size & Forecast, 2019–2031
9.1.1. By Value (USD Billion)
9.2. Market Share & Forecast
9.2.1. By Feedstock
9.2.2. By Derivative
9.2.3. By End User Industry
10. South Korea Methanol Market
10.1. Market Size & Forecast, 2019–2031
10.1.1. By Value (USD Billion)
10.2. Market Share & Forecast
10.2.1. By Feedstock
10.2.2. By Derivative
10.2.3. By End User Industry
11. Australia & New Zealand Methanol Market
11.1. Market Size & Forecast, 2019–2031
11.1.1. By Value (USD Billion)
11.2. Market Share & Forecast
11.2.1. By Feedstock
11.2.2. By Derivative
11.2.3. By End User Industry
12. Indonesia Methanol Market
12.1. Market Size & Forecast, 2019–2031
12.1.1. By Value (USD Billion)
12.2. Market Share & Forecast
12.2.1. By Feedstock
12.2.2. By Derivative
12.2.3. By End User Industry
13. Malaysia Methanol Market
13.1. Market Size & Forecast, 2019–2031
13.1.1. By Value (USD Billion)
13.2. Market Share & Forecast
13.2.1. By Feedstock
13.2.2. By Derivative
13.2.3. By End User Industry
14. Singapore Methanol Market
14.1. Market Size & Forecast, 2019–2031
14.1.1. By Value (USD Billion)
14.2. Market Share & Forecast
14.2.1. By Feedstock
14.2.2. By Derivative
14.2.3. By End User Industry
15. Vietnam Methanol Market
15.1. Market Size & Forecast, 2019–2031
15.1.1. By Value (USD Billion)
15.2. Market Share & Forecast
15.2.1. By Feedstock
15.2.2. By Derivative
15.2.3. By End User Industry
16. Rest of Asia Pacific Methanol Market
16.1. Market Size & Forecast, 2019–2031
16.1.1. By Value (USD Billion)
16.2. Market Share & Forecast
16.2.1. By Feedstock
16.2.2. By Derivative
16.2.3. By End User Industry
17. Competitive Landscape
17.1. List of Key Players and Their Offerings
17.2. Asia Pacific Methanol Company Market Share Analysis, 2024
17.3. Competitive Benchmarking, By Operating Parameters
17.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
18. Impact of Geopolitical Tensions on Asia Pacific Methanol Market
19. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
19.1. PetroChina
19.2. BASF
19.3. Qatar Petroleum
19.4. SABIC
19.5. LyondellBasell Industries
19.6. OCI N.V.
19.7. China National Chemical Corporation
19.8. Haldor Topsoe
19.9. Yuanhe Chemical
19.10. Jiangsu Sailboat Petrochemical
19.11. China National Petroleum Corporation
19.12. Methanex Corporation
19.13. China Coal Energy Company
19.14. Cyanamid
19.15. Kuwait National Petroleum Company
19.16. Other Prominent Players
20. Key Strategic Recommendations
21. Research Methodology
21.1. Qualitative Research
21.1.1. Primary & Secondary Research
21.2. Quantitative Research
21.3. Market Breakdown & Data Triangulation
21.3.1. Secondary Research
21.3.2. Primary Research
21.4. Breakdown of Primary Research Respondents, By Region
21.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures
Figure 1 Asia Pacific Methanol Segmentation
Figure 2 Asia Pacific Methanol Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2024
Figure 4 Asia Pacific Methanol Market Size, By Value (USD Billion), 2019–2031
Figure 5 Asia Pacific Methanol Market Share, By Feedstock, By Value, 2019–2031
Figure 6 Asia Pacific Methanol Market Share, By Derivative, By Value, 2019–2031
Figure 8 Asia Pacific Methanol Market Share, By End User Industry, By Value, 2019–2031
Figure 9 Asia Pacific Methanol Market Share, By Country, By Value, 2019–2031
Figure 10 China Methanol Market Size, By Value (USD Billion), 2019–2031
Figure 11 China Methanol Market Share, By Feedstock, By Value, 2019–2031
Figure 12 China Methanol Market Share, By Derivative, By Value, 2019–2031
Figure 14 China Methanol Market Share, By End User Industry, By Value, 2019–2031
Figure 15 India Methanol Market Size, By Value (USD Billion), 2019–2031
Figure 16 India Methanol Market Share, By Feedstock, By Value, 2019–2031
Figure 17 India Methanol Market Share, By Derivative, By Value, 2019–2031
Figure 19 India Methanol Market Share, By End User Industry, By Value, 2019–2031
Figure 20 Japan Methanol Market Size, By Value (USD Billion), 2019–2031
Figure 21 Japan Methanol Market Share, By Feedstock, By Value, 2019–2031
Figure 22 Japan Methanol Market Share, By Derivative, By Value, 2019–2031
Figure 24 Japan Methanol Market Share, By End User Industry, By Value, 2019–2031
Figure 25 South Korea Methanol Market Size, By Value (USD Billion), 2019–2031
Figure 26 South Korea Methanol Market Share, By Feedstock, By Value, 2019–2031
Figure 27 South Korea Methanol Market Share, By Derivative, By Value, 2019–2031
Figure 29 South Korea Methanol Market Share, By End User Industry, By Value, 2019–2031
Figure 30 Australia & New Zealand Methanol Market Size, By Value (USD Billion), 2019–2031
Figure 31 Australia & New Zealand Methanol Market Share, By Feedstock, By Value, 2019–2031
Figure 32 Australia & New Zealand Methanol Market Share, By Derivative, By Value, 2019–2031
Figure 34 Australia & New Zealand Methanol Market Share, By End User Industry, By Value, 2019–2031
Figure 35 Indonesia Methanol Market Size, By Value (USD Billion), 2019–2031
Figure 36 Indonesia Methanol Market Share, By Feedstock, By Value, 2019–2031
Figure 37 Indonesia Methanol Market Share, By Derivative, By Value, 2019–2031
Figure 39 Indonesia Methanol Market Share, By End User Industry, By Value, 2019–2031
Figure 40 Malaysia Methanol Market Size, By Value (USD Billion), 2019–2031
Figure 41 Malaysia Methanol Market Share, By Feedstock, By Value, 2019–2031
Figure 42 Malaysia Methanol Market Share, By Derivative, By Value, 2019–2031
Figure 44 Malaysia Methanol Market Share, By End User Industry, By Value, 2019–2031
Figure 45 Singapore Methanol Market Size, By Value (USD Billion), 2019–2031
Figure 46 Singapore Methanol Market Share, By Feedstock, By Value, 2019–2031
Figure 47 Singapore Methanol Market Share, By Derivative, By Value, 2019–2031
Figure 49 Singapore Methanol Market Share, By End User Industry, By Value, 2019–2031
Figure 50 Vietnam Methanol Market Size, By Value (USD Billion), 2019–2031
Figure 51 Vietnam Methanol Market Share, By Feedstock, By Value, 2019–2031
Figure 52 Vietnam Methanol Market Share, By Derivative, By Value, 2019–2031
Figure 54 Vietnam Methanol Market Share, By End User Industry, By Value, 2019–2031
Figure 55 Rest of Asia Pacific Methanol Market Size, By Value (USD Billion), 2019–2031
Figure 56 Rest of Asia Pacific Methanol Market Share, By Feedstock, By Value, 2019–2031
Figure 57 Rest of Asia Pacific Methanol Market Share, By Derivative, By Value, 2019–2031
Figure 59 Rest of Asia Pacific Methanol Market Share, By End User Industry, By Value, 2019–2031
List of Tables
Table 1 Asia Pacific Methanol Market Size, By Value (USD Billion), 2019–2031
Table 2 Asia Pacific Methanol Market Size, By Feedstock, By Value, 2019–2031
Table 3 Asia Pacific Methanol Market Size, By Derivative, By Value, 2019–2031
Table 5 Asia Pacific Methanol Market Size, By End User Industry, By Value, 2019–2031
Table 6 Asia Pacific Methanol Market Size, By Country, By Value, 2019–2031
Table 7 China Methanol Market Size, By Value (USD Billion), 2019–2031
Table 8 China Methanol Market Size, By Feedstock, By Value, 2019–2031
Table 9 China Methanol Market Size, By Derivative, By Value, 2019–2031
Table 11 China Methanol Market Size, By End User Industry, By Value, 2019–2031
Table 12 India Methanol Market Size, By Value (USD Billion), 2019–2031
Table 13 India Methanol Market Size, By Feedstock, By Value, 2019–2031
Table 14 India Methanol Market Size, By Derivative, By Value, 2019–2031
Table 16 India Methanol Market Size, By End User Industry, By Value, 2019–2031
Table 17 Japan Methanol Market Size, By Value (USD Billion), 2019–2031
Table 18 Japan Methanol Market Size, By Feedstock, By Value, 2019–2031
Table 19 Japan Methanol Market Size, By Derivative, By Value, 2019–2031
Table 21 Japan Methanol Market Size, By End User Industry, By Value, 2019–2031
Table 22 South Korea Methanol Market Size, By Value (USD Billion), 2019–2031
Table 23 South Korea Methanol Market Size, By Feedstock, By Value, 2019–2031
Table 24 South Korea Methanol Market Size, By Derivative, By Value, 2019–2031
Table 26 South Korea Methanol Market Size, By End User Industry, By Value, 2019–2031
Table 27 Australia & New Zealand Methanol Market Size, By Value (USD Billion), 2019–2031
Table 28 Australia & New Zealand Methanol Market Size, By Feedstock, By Value, 2019–2031
Table 29 Australia & New Zealand Methanol Market Size, By Derivative, By Value, 2019–2031
Table 31 Australia & New Zealand Methanol Market Size, By End User Industry, By Value, 2019–2031
Table 32 Indonesia Methanol Market Size, By Value (USD Billion), 2019–2031
Table 33 Indonesia Methanol Market Size, By Feedstock, By Value, 2019–2031
Table 34 Indonesia Methanol Market Size, By Derivative, By Value, 2019–2031
Table 36 Indonesia Methanol Market Size, By End User Industry, By Value, 2019–2031
Table 37 Malaysia Methanol Market Size, By Value (USD Billion), 2019–2031
Table 38 Malaysia Methanol Market Size, By Feedstock, By Value, 2019–2031
Table 39 Malaysia Methanol Market Size, By Derivative, By Value, 2019–2031
Table 41 Malaysia Methanol Market Size, By End User Industry, By Value, 2019–2031
Table 42 Singapore Methanol Market Size, By Value (USD Billion), 2019–2031
Table 43 Singapore Methanol Market Size, By Feedstock, By Value, 2019–2031
Table 44 Singapore Methanol Market Size, By Derivative, By Value, 2019–2031
Table 46 Singapore Methanol Market Size, By End User Industry, By Value, 2019–2031
Table 47 Vietnam Methanol Market Size, By Value (USD Billion), 2019–2031
Table 48 Vietnam Methanol Market Size, By Feedstock, By Value, 2019–2031
Table 49 Vietnam Methanol Market Size, By Derivative, By Value, 2019–2031
Table 51 Vietnam Methanol Market Size, By End User Industry, By Value, 2019–2031
Table 52 Rest of Asia Pacific Methanol Market Size, By Value (USD Billion), 2019–2031
Table 53 Rest of Asia Pacific Methanol Market Size, By Feedstock, By Value, 2019–2031
Table 54 Rest of Asia Pacific Methanol Market Size, By Derivative, By Value, 2019–2031
Table 56 Rest of Asia Pacific Methanol Market Size, By End User Industry, By Value, 2019–2031
Table 57 PetroChina Company Overview
Table 58 PetroChina Financial Overview
Table 59 BASF Company Overview
Table 60 BASF Financial Overview
Table 61 Qatar Petroleum Company Overview
Table 62 Qatar Petroleum Financial Overview
Table 63 SABIC Company Overview
Table 64 SABIC Financial Overview
Table 65 LyondellBasell Industries Company Overview
Table 66 LyondellBasell Industries Financial Overview
Table 67 OCI N.V. Company Overview
Table 68 OCI N.V. Financial Overview
Table 69 China National Chemical Corporation Company Overview
Table 70 China National Chemical Corporation Financial Overview
Table 71 Haldor Topsoe Company Overview
Table 72 Haldor Topsoe Financial Overview
Table 73 Yuanhe Chemical Company Overview
Table 74 Yuanhe Chemical Financial Overview
Table 75 Jiangsu Sailboat Petrochemical Company Overview
Table 76 Jiangsu Sailboat Petrochemical Financial Overview
Table 77 China National Petroleum Corporation Company Overview
Table 78 China National Petroleum Corporation Financial Overview
Table 79 Methanex Corporation Company Overview
Table 80 Methanex Corporation Financial Overview
Table 81 China Coal Energy Company: Company Overview
Table 82 China Coal Energy Company Financial Overview
Table 83 Cyanamid Company Overview
Table 84 Cyanamid Financial Overview
Table 85 Kuwait National Petroleum Company: Company Overview
Table 86 Kuwait National Petroleum Company Financial Overview

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