Methanol Market: By Chemical Type (Formaldehyde, Dimethyl ether, Gasoline, Chloromethane, MTBE/TAME, Acetic acid, Others), By End User (Automotive, Construction, Electronics, Paints & Coatings, Pharmaceuticals, Others), and Geography  

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Methanol Market size was valued at USD 36,274.3 million in 2022, at a CAGR of 5.8% from 2023 to 2029. Methanol, also called methyl alcohol, wood alcohol, or wood spirit, is the most basic participant of the chemical molecules family of alcohol. Methanol is now formed by combining hydrogen with carbon monoxide gas directly in the occurrence of a catalyst. Conventionally, it was prepared by violently distilling wood. Methanol is a colorless, volatile, light, and flammable liquid with a particular smell like that of ethyl alcohol or ethanol. Due to its poisonousness, this chemical is frequently combined with ethyl alcohol to manufacture denatured alcohol, which is utilized for industrial applications. The global market provides a detailed overview that can be segmented by chemical type and by end-user. By chemical type, the Methanol market growth has been segmented into Formaldehyde, Dimethyl ether, Gasoline, Chloromethane, MTBE/TAME, Acetic acid, and  Others. The MTBE/TAME segment is likely to be the significant growing segment in terms of chemical type. Based on End users, the Methanol market is segmented into Bacterial end users, Automotive, Construction, Electronics, Paints & Coatings, Pharmaceuticals, and Others. Among these, the Construction end-user segment is expected to have the fastest-growing market during the forecast period 2022-2028. This rise in this segment is due to the diversity of products produced using methanol, such as plywood subfloors, adhesives, foams, and plastics. These goods have extensive applications in the construction business, and their increasing demand is anticipated to raise consumption. The automotive sector is likely to list significant growth during the forecast period due to the increasing usage of methanol and plastics blended fuels.

Methanol Market Key Development:
  • In January 2022, India launched its first coal-to-methanol plant constructed by BHEL In May 2022, Indian Oil launched Assam methanol-blended petrol on a pilot basis

Global Methanol Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

5.8%

Largest Market

Asia Pacific

Fastest Growing Market

North America
Methanol Market Dynamics

The enhanced engine performance and improved fuel efficiency are anticipated to propel the market growth over the forecast years. Moreover, the growing demand for lightweight automobiles to decrease carbon emissions and growing usage in the water treatment, healthcare, and plastics industries are burgeoning the market growth over the forecast years.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Global Methanol Market Segmentation

By Application
  • Formaldehyde
  • Dimethyl ether
  • Gasoline
  • Chloromethane
  • MTBE/TAME
  • Acetic acid
  • Others
By End User
  • Automotive
  • Construction
  • Electronics
  • Paints & Coatings
  • Pharmaceuticals
  • Others
By Geography
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa (MEA)

Frequently Asked Questions

The methanol market size was valued at USD 36,274.3 million in 2022

The methanol market key players are: BASF SE Zagros Petrochemical Company Mitsui & Co., Ltd Petroliam Nasional Berhad Celanese Corporation Valero Marketing & Supply Company Saudi Arabia Basic Industries Corporation Methanex Corporation Qatar Fuel Additives Company Limited Petronas LyondellBasell OCI NV Methanol Holdings (Trinidad) Ltd Fairway Methanol LLC Atlantic Methanol

The methanol market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.

1. Executive Summary
2. Global Methanol Market Introduction 
2.1.Global Methanol Market  - Taxonomy
2.2.Global Methanol Market  - Definitions
2.2.1.Application
2.2.2.End Users
2.2.3.Geography
2.2.4.Region
3. Global Methanol Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4. Global Methanol Market Analysis, 2018 - 2022 and Forecast 2023 - 2029
4.1.  Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5. Global Methanol Market  By Application, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
5.1. Formaldehyde
5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Dimethyl ether
5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Gasoline
5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. Chloromethane
5.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
5.5. MTBE/TAME
5.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.5.3. Market Opportunity Analysis 
5.6. Acetic acid
5.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.6.3. Market Opportunity Analysis 
5.7. Others
5.7.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.7.3. Market Opportunity Analysis 
6. Global Methanol Market  By End Users, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
6.1. Automotive
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Construction
6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Electronics
6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Paints & Coatings
6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
6.5. Pharmaceuticals
6.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.5.3. Market Opportunity Analysis 
6.6. Others
6.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.6.3. Market Opportunity Analysis 
7. Global Methanol Market  By Geography, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
7.1. North America
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Europe
7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Asia-Pacific
7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Latin America
7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Middle East and Africa (MEA)
7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
8. Global Methanol Market  By Region, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Asia Pacific (APAC)
8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Middle East and Africa (MEA)
8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Latin America
8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9. North America Methanol Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
9.1. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Formaldehyde
9.1.2.Dimethyl ether
9.1.3.Gasoline
9.1.4.Chloromethane
9.1.5.MTBE/TAME
9.1.6.Acetic acid
9.1.7.Others
9.2.  End Users Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Automotive
9.2.2.Construction
9.2.3.Electronics
9.2.4.Paints & Coatings
9.2.5.Pharmaceuticals
9.2.6.Others
9.3.  Geography Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.North America
9.3.2.Europe
9.3.3.Asia-Pacific
9.3.4.Latin America
9.3.5.Middle East and Africa (MEA)
9.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.United States of America (USA)
9.4.2.Canada
10. Europe Methanol Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
10.1. Application Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Formaldehyde
10.1.2.Dimethyl ether
10.1.3.Gasoline
10.1.4.Chloromethane
10.1.5.MTBE/TAME
10.1.6.Acetic acid
10.1.7.Others
10.2.  End Users Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Automotive
10.2.2.Construction
10.2.3.Electronics
10.2.4.Paints & Coatings
10.2.5.Pharmaceuticals
10.2.6.Others
10.3.  Geography Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.North America
10.3.2.Europe
10.3.3.Asia-Pacific
10.3.4.Latin America
10.3.5.Middle East and Africa (MEA)
10.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Germany
10.4.2.France
10.4.3.Italy
10.4.4.United Kingdom (UK)
10.4.5.Spain
10.4.6.Rest of EU
11. Asia Pacific (APAC) Methanol Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
11.1. Application Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Formaldehyde
11.1.2.Dimethyl ether
11.1.3.Gasoline
11.1.4.Chloromethane
11.1.5.MTBE/TAME
11.1.6.Acetic acid
11.1.7.Others
11.2.  End Users Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Automotive
11.2.2.Construction
11.2.3.Electronics
11.2.4.Paints & Coatings
11.2.5.Pharmaceuticals
11.2.6.Others
11.3.  Geography Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.North America
11.3.2.Europe
11.3.3.Asia-Pacific
11.3.4.Latin America
11.3.5.Middle East and Africa (MEA)
11.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.China
11.4.2.India
11.4.3.Australia and New Zealand (ANZ)
11.4.4.Japan
11.4.5.Rest of APAC
12. Middle East and Africa (MEA) Methanol Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
12.1. Application Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Formaldehyde
12.1.2.Dimethyl ether
12.1.3.Gasoline
12.1.4.Chloromethane
12.1.5.MTBE/TAME
12.1.6.Acetic acid
12.1.7.Others
12.2.  End Users Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Automotive
12.2.2.Construction
12.2.3.Electronics
12.2.4.Paints & Coatings
12.2.5.Pharmaceuticals
12.2.6.Others
12.3.  Geography Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.North America
12.3.2.Europe
12.3.3.Asia-Pacific
12.3.4.Latin America
12.3.5.Middle East and Africa (MEA)
12.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.GCC Countries
12.4.2.South Africa
12.4.3.Rest of MEA
13. Latin America Methanol Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
13.1. Application Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Formaldehyde
13.1.2.Dimethyl ether
13.1.3.Gasoline
13.1.4.Chloromethane
13.1.5.MTBE/TAME
13.1.6.Acetic acid
13.1.7.Others
13.2.  End Users Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Automotive
13.2.2.Construction
13.2.3.Electronics
13.2.4.Paints & Coatings
13.2.5.Pharmaceuticals
13.2.6.Others
13.3.  Geography Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.North America
13.3.2.Europe
13.3.3.Asia-Pacific
13.3.4.Latin America
13.3.5.Middle East and Africa (MEA)
13.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Brazil
13.4.2.Mexico
13.4.3.Rest of LA
14. Competition Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.BASF SE
14.2.2.Zagros Petrochemical Company
14.2.3.Mitsui & Co., Ltd
14.2.4.Petroliam Nasional Berhad
14.2.5.Celanese Corporation
14.2.6.Valero Marketing & Supply Company
14.2.7.Saudi Arabia Basic Industries Corporation
14.2.8.Methanex Corporation
14.2.9.Qatar Fuel Additives Company Limited
14.2.10.Petronas
14.2.11.LyondellBasell
14.2.12.OCI NV
14.2.13.Methanol Holdings (Trinidad) Ltd
14.2.14.Fairway Methanol LLC
14.2.15.Atlantic Methanol
15. Research Methodology 
16. Appendix and Abbreviations 
  • BASF SE
  • Zagros Petrochemical Company
  • Mitsui & Co., Ltd
  • Petroliam Nasional Berhad
  • Celanese Corporation
  • Valero Marketing & Supply Company
  • Saudi Arabia Basic Industries Corporation
  • Methanex Corporation
  • Qatar Fuel Additives Company Limited
  • Petronas
  • LyondellBasell
  • OCI NV
  • Methanol Holdings (Trinidad) Ltd
  • Fairway Methanol LLC
  • Atlantic Methanol

Adjacent Markets