Press Release

With an Estimated CAGR of 4.5%, Global Methanol Market to Reach USD42 Billion by 2030

The Global Methanol Market size was valued at around USD32.19 billion in 2024 and is projected to reach USD42 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4.5% during the forecast period, i.e., 2025-30, cites MarkNtel Advisors in the recent research report. The rising use of Methanol as a Clean and green-burning fuel is the prime cause behind the rapid growth of this market, hence generating immense demand from the chemical, automobile, and electronics industries. It is used in chemical compound manufacturing of acetic acid, formaldehyde, gasoline, etc. It also decreases carbon and sulfur emissions from load trucks and transit buses. As a result, the demand for methanol has been tremendous in past years.

In Addition to this, the usage of methanol assists the companies to get aligned with the emission rules specified by the governments of various countries to achieve net zero standards by either 2050 or 2060. These include implementing restrictions on the use of compounds that release toxic gases into the environment. Therefore, the consumption of such types of chemical compounds declines. Different countries have implemented targets and policies for net-zero carbon emissions in the future. Other nations are likely to introduce similar policies soon. Hence, methanol becomes an ideal choice because it can be used to generate sustainable compounds, and its burning does not release any carbon, hence raising the demand for methanol.

The market is instead dominated by the supply of feedstock, which includes coal, natural gas, and other renewable resources used in the manufacturing of methanol. For instance, the International Energy Agency estimates that global natural gas production reached 143.9 million terajoules in 2022, a roughly 66% increase over the previous 22 years. China is the top producer of coal, which is also produced in significant amounts. As a result, there is no shortage visible through several decades for such feedstock, thus showing a good growth opportunity for the market. Therefore, the advanced properties of methanol have been pushing the market towards growth, which is further boosted by the governmental regulations and vast availability of feedstock, further states the research report, “Global Methanol Market Analysis, 2025.”

Global Methanol Market Segmentation Analysis

Natural Gas Holds a Major Market Share

Based on the feedstock used for the production of methanol, the market is further bifurcated into Natural Gas, Coal, and others. Here, natural gas leads the market with a share of around 62%. This growth is mainly attributed to its cheap price as compared to other feedstock, coal. This low price of natural gas is due to its wider availability, fast renewability, and easy extraction. As a result, it becomes a more favorable choice among the petrochemical companies for producing methanol. Natural gas is an almost carbon-free fuel when combusted and hence enables users to comply with government norms. Hence, due to the lower price and clean burning ability, natural gas has been the most used feedstock for producing methanol, and this dominance is expected to continue in the future years also.

Asia-Pacific Leads the Global Methanol Industry

Regionally, Asia-Pacific dominates the market with a market share of around 46%, of which China is a major contributor. This is because of the high production of feedstock, including natural gas and coal, in this region, due to which the production of methanol gets easy and that too at lower expense. For instance, the coal produced by China in 2023 was around 4.7 billion tons in 2023. Moreover, the policies defined by the governments in this region to reduce toxic emissions push various end-users to replace their chemical compounds with methanol in their operations and, hence, align with the sustainability goals. Therefore, this region’s highest production and consumption rates have made it the market leader, and this dominance is expected to continue in the forecast years as well.

Competitive Landscape

With strategic initiatives such as mergers, collaborations, and acquisitions, the leading market companies, including Methanex Corporation, BASF SE, Celanese Corporation, SABIC, Mitsubishi Gas Chemical Company, LyondellBasell Industries, Petroliam Nasional Berhad (PETRONAS), Metafrax Chemicals, Mitsui & Co., Proman, Qatar Fuel Additives Company Limited, Zagros Petrochemical Industry, Sipchem, OCI Global, Atlantic Methanol Production Company, and others are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the globe?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping up across the regions?
6. How have buying behavior, customer inclination, and expectations from products been evolving during 2020-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?