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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)

Published Dec 18, 2025
Length 200 Pages
SKU # FCSL20671229

Description

The global methanol market is witnessing a phase of accelerated growth, driven by its wide-ranging applications across chemicals, energy, and emerging clean fuel solutions. Methanol, a versatile alcohol-based chemical, plays a vital role as a feedstock in numerous industrial processes and as an alternative fuel option supporting decarbonization goals. With increasing focus on sustainable production pathways and diversification of energy sources, the methanol market is steadily evolving from a conventional commodity chemical space into a strategic pillar of the global energy and chemicals value chain.



Market Insights

The methanol market is projected to grow from a valuation of USD 36.8 billion in 2026 to USD 68.6 billion by 2033, registering a strong compound annual growth rate of 9% during the forecast period. This growth trajectory reflects rising consumption across downstream chemical industries, expanding use in methanol-to-olefins processes, and growing interest in methanol as a cleaner-burning marine and transportation fuel. Technological advancements in production efficiency and the gradual shift toward renewable and low-carbon methanol further strengthen the market outlook.



Key Market Drivers

One of the primary drivers of the methanol market is the sustained demand from the chemical sector, particularly for formaldehyde, acetic acid, and methylamines, which are essential inputs for construction materials, adhesives, textiles, and plastics. In parallel, the energy sector is increasingly adopting methanol for fuel blending, biodiesel production, and dimethyl ether applications due to its favorable combustion characteristics and lower emissions compared to conventional fossil fuels. Additionally, stricter environmental regulations and international maritime emission norms are accelerating the adoption of methanol as a marine fuel.



Business Opportunities

The methanol market presents significant business opportunities through the development of renewable and low-carbon methanol derived from biomass and renewable electricity. Investments in green methanol projects are gaining momentum as governments and private players align with global net-zero targets. Moreover, the expansion of methanol-to-olefins and methanol-to-propylene technologies offers lucrative prospects for producers seeking to integrate downstream and capture higher value margins. Emerging economies, with rising industrialization and infrastructure development, also provide untapped potential for capacity expansion and long-term demand growth.



Regional Analysis

Asia Pacific dominates the global methanol market, supported by large-scale production capacity, strong coal-based feedstock availability, and robust demand from chemical manufacturing hubs. China, in particular, remains a key contributor due to its extensive methanol-to-olefins infrastructure and growing fuel applications. North America represents a significant market driven by natural gas-based production and technological innovation in clean methanol solutions. Europe is witnessing steady growth, propelled by sustainability initiatives and increasing adoption of methanol in marine fuel applications. Meanwhile, Latin America and the Middle East & Africa are emerging as promising regions, benefiting from feedstock availability, expanding industrial bases, and favorable investment climates.



Competitive Landscape

The global methanol market is moderately consolidated, with leading players focusing on capacity expansions, strategic partnerships, and investments in sustainable methanol technologies. Companies are increasingly prioritizing innovation, supply chain optimization, and geographic diversification to strengthen their competitive positioning. The emphasis on renewable feedstocks and compliance with environmental standards is shaping competitive strategies across 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

o Formaldehyde

o Acetic Acid

o Solvents

o Methyl Methacrylate

o Methylamines

o Misc. (Silicone, Chloromethane, etc.)


• Energy & MTO

o Methanol-to-Olefins (MTO)

o MTBE/TAME

o Biodiesel

o Dimethyl Ether (DME)

o Fuel Blending

o Marine Fuel



By Geographical Coverage
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Please note: Delivery Timelines - 5 working days.

Table of Contents

200 Pages
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
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