Methanol Market Size, Share, Trends, Industry Analysis Report: By Feedstock Type (Natural Gas, Coal, and Biomass & Renewables), Derivative, End User, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034
The global methanol market size is expected to reach USD 49.78 billion by 2034, according to a new study by Polaris Market Research. The report “Methanol Market Size, Share, Trends, Industry Analysis Report: By Feedstock Type (Natural Gas, Coal, and Biomass & Renewables), Derivative (Formaldehyde, Acetic Acid, MTBE, DME, Gasoline Blending, Biodiesel, MTO/MTP, Solvent, and Others), End User (Construction, Automotive, Electronics, and Others), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The global methanol market growth is driven by its diverse applications in petrochemicals, fuel blending, and clean energy solutions. The increasing demand for methanol-based chemicals such as formaldehyde and acetic acid, which are used in industries such as construction, automotive, and manufacturing, also boosts the market growth.
Additionally, the rise of renewable methanol production is opening new opportunities for market players as governments and industries focus on reducing carbon emissions. The growing adoption of methanol as a cleaner fuel in transportation, particularly in the marine and automotive sectors, is another significant methanol market trend. Innovations in methanol-to-olefins (MTO) technology and the shift toward sustainable production methods are positioning the market for long-term growth. Overall, the market is benefiting from industrial demand and environmental pressures, creating a balanced environment for continued development and investments.
Methanol Market Report Highlights
Based on feedstock type, the natural gas segment holds the largest methanol market share due to its cost-effectiveness and widespread availability, particularly in North America and the Middle East. However, the biomass & renewables segment is expected to witness the highest growth due to increasing demand for sustainable methanol production.
By derivative, the formaldehyde segment dominates the market, driven by its critical role in manufacturing construction materials, automotive parts, and other industrial products. The acetic acid segment is seeing significant growth, especially in the production of plastics and synthetic fibers.
The construction sector, by end user, dominates the market due to its widespread use in producing formaldehyde and other essential chemicals. However, the automotive segment is registering the highest growth, particularly with the increasing adoption of methanol-based fuels for cleaner transportation solutions.
Asia Pacific is the dominant region, led by China’s vast methanol production and consumption for petrochemical applications and fuel blending. The region also shows the highest growth potential, driven by industrialization in countries such as India and the rising demand for clean energy solutions.
Polaris Market Research has segmented the methanol market report on the basis of feedstock type, derivative, end user, and region:
By Feedstock Type Outlook (Revenue – USD Billion, 2020–2034)
Natural Gas
Coal
Biomass & Renewables
By Derivative Outlook (Revenue – USD Billion, 2020–2034)
Formaldehyde
Acetic Acid
MTBE, DME
Gasoline Blending
Biodiesel
MTO/MTP
Solvent
Others
By End User Outlook (Revenue – USD Billion, 2020–2034)
Construction
Automotive
Electronics
Others
By Regional Outlook (Revenue – USD Billion, 2020–2034)
North America
- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Netherlands
- Russia
- Rest of Europe
- China
- Japan
- India
- Malaysia
- South Korea
- Indonesia
- Australia
- Vietnam
- Rest of Asia Pacific
- Saudi Arabia
- UAE
- Israel
- South Africa
- Rest of Middle East & Africa
- Mexico
- Brazil
- Argentina
- Rest of Latin America
- 1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives Of The Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
- 2. Executive Summary
- 2.1. Market Highlights
- 3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
- 4. Global Methanol Market Insights
- 4.1. Methanol Market – Market Snapshot
- 4.2. Methanol Market Dynamics
- 4.2.1. Drivers And Opportunities
- 4.2.1.1. Rising Adoption Of Methanol As Clean Fuel Alternative
- 4.2.1.2. Increasing Shift Toward Bio-methanol And Green Methanol
- 4.2.2. Restraints And Challenges
- 4.2.2.1. Fluctuating Raw Material Prices
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Bargaining Power Of Suppliers (Moderate)
- 4.3.2. Threats Of New Entrants: (Low)
- 4.3.3. Bargaining Power Of Buyers (Moderate)
- 4.3.4. Threat Of Substitute (Moderate)
- 4.3.5. Rivalry Among Existing Firms (High)
- 4.4. Pestel Analysis
- 4.5. Methanol Market Trends
- 4.6. Value Chain Analysis
- 4.7. Covid-19 Impact Analysis
- 5. Global Methanol Market, By Feedstock Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Methanol Market, By Feedstock Type, 2020-2034 (Usd Billion)
- 5.3. Natural Gas
- 5.3.1. Global Methanol Market, By Natural Gas, By Region, 2020-2034 (Usd Billion)
- 5.4. Coal
- 5.4.1. Global Methanol Market, By Coal, By Region, 2020-2034 (Usd Billion)
- 5.5. Biomass & Renewables
- 5.5.1. Global Methanol Market, By Biomass & Renewables, By Region, 2020-2034 (Usd Billion)
- 6. Global Methanol Market, By Derivative
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Methanol Market, By Derivative, 2020-2034 (Usd Billion)
- 6.3. Formaldehyde
- 6.3.1. Global Methanol Market, By Formaldehyde, By Region, 2020-2034 (Usd Billion)
- 6.4. Acetic Acid
- 6.4.1. Global Methanol Market, By Acetic Acid, By Region, 2020-2034 (Usd Billion)
- 6.5. Mtbe, Dme
- 6.5.1. Global Methanol Market, By Mtbe, Dme, By Region, 2020-2034 (Usd Billion)
- 6.6. Gasoline Blending
- 6.6.1. Global Methanol Market, By Gasoline Blending, By Region, 2020-2034 (Usd Billion)
- 6.7. Biodiesel
- 6.7.1. Global Methanol Market, By Biodiesel, By Region, 2020-2034 (Usd Billion)
- 6.8. Mto/Mtp
- 6.8.1. Global Methanol Market, By Mto/Mtp, By Region, 2020-2034 (Usd Billion)
- 6.9. Solvent
- 6.9.1. Global Methanol Market, By Solvent, By Region, 2020-2034 (Usd Billion)
- 6.10. Others
- 6.10.1. Global Methanol Market, By Others, By Region, 2020-2034 (Usd Billion)
- 7. Global Methanol Market, By End User
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Methanol Market, By End User, 2020-2034 (Usd Billion)
- 7.3. Construction
- 7.3.1. Global Methanol Market, By Construction, By Region, 2020-2034 (Usd Billion)
- 7.4. Automotive
- 7.4.1. Global Methanol Market, By Automotive, By Region, 2020-2034 (Usd Billion)
- 7.5. Electronics
- 7.5.1. Global Methanol Market, By Electronics, By Region, 2020-2034 (Usd Billion)
- 7.6. Others
- 7.6.1. Global Methanol Market, By Others, By Region, 2020-2034 (Usd Billion)
- 8. Global Methanol Market, By Geography
- 8.1. Key Findings
- 8.2. Introduction
- 8.2.1. Methanol Market Assessment, By Geography, 2020-2034 (Usd Billion)
- 8.3. Methanol Market – North America
- 8.3.1. North America: Methanol Market, By Feedstock Type, 2020-2034 (Usd Billion)
- 8.3.2. North America: Methanol Market, By Derivative, 2020-2034 (Usd Billion)
- 8.3.3. North America: Methanol Market, By End User, 2020-2034 (Usd Billion)
- 8.3.4. Methanol Market – U.S.
- 8.3.4.1. U.S.: Methanol Market, By Feedstock Type, 2020-2034 (Usd Billion)
- 8.3.4.2. U.S.: Methanol Market, By Derivative, 2020-2034 (Usd Billion)
- 8.3.4.3. U.S.: Methanol Market, By End User, 2020-2034 (Usd Billion)
- 8.3.5. Methanol Market – Canada
- 8.3.5.1. Canada: Methanol Market, By Feedstock Type, 2020-2034 (Usd Billion)
- 8.3.5.2. Canada: Methanol Market, By Derivative, 2020-2034 (Usd Billion)
- 8.3.5.3. Canada: Methanol Market, By End User, 2020-2034 (Usd Billion)
- 8.4. Methanol Market – Europe
- 8.4.1. Europe: Methanol Market, By Feedstock Type, 2020-2034 (Usd Billion)
- 8.4.2. Europe: Methanol Market, By Derivative, 2020-2034 (Usd Billion)
- 8.4.3. Europe: Methanol Market, By End User, 2020-2034 (Usd Billion)
- 8.4.4. Methanol Market – Uk
- 8.4.4.1. Uk: Methanol Market, By Feedstock Type, 2020-2034 (Usd Billion)
- 8.4.4.2. Uk: Methanol Market, By Derivative, 2020-2034 (Usd Billion)
- 8.4.4.3. Uk: Methanol Market, By End User, 2020-2034 (Usd Billion)
- 8.4.5. Methanol Market – France
- 8.4.5.1. France: Methanol Market, By Feedstock Type, 2020-2034 (Usd Billion)
- 8.4.5.2. France: Methanol Market, By Derivative, 2020-2034 (Usd Billion)
- 8.4.5.3. France: Methanol Market, By End User, 2020-2034 (Usd Billion)
- 8.4.6. Methanol Market – Germany
- 8.4.6.1. Germany: Methanol Market, By Feedstock Type, 2020-2034 (Usd Billion)
- 8.4.6.2. Germany: Methanol Market, By Derivative, 2020-2034 (Usd Billion)
- 8.4.6.3. Germany: Methanol Market, By End User, 2020-2034 (Usd Billion)
- 8.4.7. Methanol Market – Italy
- 8.4.7.1. Italy: Methanol Market, By Feedstock Type, 2020-2034 (Usd Billion)
- 8.4.7.2. Italy: Methanol Market, By Derivative, 2020-2034 (Usd Billion)
- 8.4.7.3. Italy: Methanol Market, By End User, 2020-2034 (Usd Billion)
- 8.4.8. Methanol Market – Spain
- 8.4.8.1. Spain: Methanol Market, By Feedstock Type, 2020-2034 (Usd Billion)
- 8.4.8.2. Spain: Methanol Market, By Derivative, 2020-2034 (Usd Billion)
- 8.4.8.3. Spain: Methanol Market, By End User, 2020-2034 (Usd Billion)
- 8.4.9. Methanol Market – Netherlands
- 8.4.9.1. Netherlands: Methanol Market, By Feedstock Type, 2020-2034 (Usd Billion)
- 8.4.9.2. Netherlands: Methanol Market, By Derivative, 2020-2034 (Usd Billion)
- 8.4.9.3. Netherlands: Methanol Market, By End User, 2020-2034 (Usd Billion)
- 8.4.10. Methanol Market – Russia
- 8.4.10.1. Russia: Methanol Market, By Feedstock Type, 2020-2034 (Usd Billion)
- 8.4.10.2. Russia: Methanol Market, By Derivative, 2020-2034 (Usd Billion)
- 8.4.10.3. Russia: Methanol Market, By End User, 2020-2034 (Usd Billion)
- 8.4.11. Methanol Market – Rest Of Europe
- 8.4.11.1. Rest Of Europe: Methanol Market, By Feedstock Type, 2020-2034 (Usd Billion)
- 8.4.11.2. Rest Of Europe: Methanol Market, By Derivative, 2020-2034 (Usd Billion)
- 8.4.11.3. Rest Of Europe: Methanol Market, By End User, 2020-2034 (Usd Billion)
- 8.5. Methanol Market – Asia Pacific
- 8.5.1. Asia Pacific: Methanol Market, By Feedstock Type, 2020-2034 (Usd Billion)
- 8.5.2. Asia Pacific: Methanol Market, By Derivative, 2020-2034 (Usd Billion)
- 8.5.3. Asia Pacific: Methanol Market, By End User, 2020-2034 (Usd Billion)
- 8.5.4. Methanol Market – China
- 8.5.4.1. China: Methanol Market, By Feedstock Type, 2020-2034 (Usd Billion)
- 8.5.4.2. China: Methanol Market, By Derivative, 2020-2034 (Usd Billion)
- 8.5.4.3. China: Methanol Market, By End User, 2020-2034 (Usd Billion)
- 8.5.5. Methanol Market – India
- 8.5.5.1. India: Methanol Market, By Feedstock Type, 2020-2034 (Usd Billion)
- 8.5.5.2. India: Methanol Market, By Derivative, 2020-2034 (Usd Billion)
- 8.5.5.3. India: Methanol Market, By End User, 2020-2034 (Usd Billion)
- 8.5.6. Methanol Market – Malaysia
- 8.5.6.1. Malaysia: Methanol Market, By Feedstock Type, 2020-2034 (Usd Billion)
- 8.5.6.2. Malaysia: Methanol Market, By Derivative, 2020-2034 (Usd Billion)
- 8.5.6.3. Malaysia: Methanol Market, By End User, 2020-2034 (Usd Billion)
- 8.5.7. Methanol Market – Japan
- 8.5.7.1. Japan: Methanol Market, By Feedstock Type, 2020-2034 (Usd Billion)
- 8.5.7.2. Japan: Methanol Market, By Derivative, 2020-2034 (Usd Billion)
- 8.5.7.3. Japan: Methanol Market, By End User, 2020-2034 (Usd Billion)
- 8.5.8. Methanol Market – Indonesia
- 8.5.8.1. Indonesia: Methanol Market, By Feedstock Type, 2020-2034 (Usd Billion)
- 8.5.8.2. Indonesia: Methanol Market, By Derivative, 2020-2034 (Usd Billion)
- 8.5.8.3. Indonesia: Methanol Market, By End User, 2020-2034 (Usd Billion)
- 8.5.9. Methanol Market – South Korea
- 8.5.9.1. South Korea: Methanol Market, By Feedstock Type, 2020-2034 (Usd Billion)
- 8.5.9.2. South Korea: Methanol Market, By Derivative, 2020-2034 (Usd Billion)
- 8.5.9.3. South Korea: Methanol Market, By End User, 2020-2034 (Usd Billion)
- 8.5.10. Methanol Market – Australia
- 8.5.10.1. Australia: Methanol Market, By Feedstock Type, 2020-2034 (Usd Billion)
- 8.5.10.2. Australia: Methanol Market, By Derivative, 2020-2034 (Usd Billion)
- 8.5.10.3. Australia: Methanol Market, By End User, 2020-2034 (Usd Billion)
- 8.5.11. Methanol Market – Rest Of Asia Pacific
- 8.5.11.1. Rest Of Asia Pacific: Methanol Market, By Feedstock Type, 2020-2034 (Usd Billion)
- 8.5.11.2. Rest Of Asia Pacific: Methanol Market, By Derivative, 2020-2034 (Usd Billion)
- 8.5.11.3. Rest Of Asia Pacific: Methanol Market, By End User, 2020-2034 (Usd Billion)
- 8.6. Methanol Market – Middle East & Africa
- 8.6.1. Middle East & Africa: Methanol Market, By Feedstock Type, 2020-2034 (Usd Billion)
- 8.6.2. Middle East & Africa: Methanol Market, By Derivative, 2020-2034 (Usd Billion)
- 8.6.3. Middle East & Africa: Methanol Market, By End User, 2020-2034 (Usd Billion)
- 8.6.4. Methanol Market – Saudi Arabia
- 8.6.4.1. Saudi Arabia: Methanol Market, By Feedstock Type, 2020-2034 (Usd Billion)
- 8.6.4.2. Saudi Arabia: Methanol Market, By Derivative, 2020-2034 (Usd Billion)
- 8.6.4.3. Saudi Arabia: Methanol Market, By End User, 2020-2034 (Usd Billion)
- 8.6.5. Methanol Market – Uae
- 8.6.5.1. Uae: Methanol Market, By Feedstock Type, 2020-2034 (Usd Billion)
- 8.6.5.2. Uae: Methanol Market, By Derivative, 2020-2034 (Usd Billion)
- 8.6.5.3. Uae: Methanol Market, By End User, 2020-2034 (Usd Billion)
- 8.6.6. Methanol Market – Israel
- 8.6.6.1. Israel: Methanol Market, By Feedstock Type, 2020-2034 (Usd Billion)
- 8.6.6.2. Israel: Methanol Market, By Derivative, 2020-2034 (Usd Billion)
- 8.6.6.3. Israel: Methanol Market, By End User, 2020-2034 (Usd Billion)
- 8.6.7. Methanol Market – South Africa
- 8.6.7.1. South Africa: Methanol Market, By Feedstock Type, 2020-2034 (Usd Billion)
- 8.6.7.2. South Africa: Methanol Market, By Derivative, 2020-2034 (Usd Billion)
- 8.6.7.3. South Africa: Methanol Market, By End User, 2020-2034 (Usd Billion)
- 8.6.8. Methanol Market – Rest Of Middle East & Africa
- 8.6.8.1. Rest Of Middle East & Africa: Methanol Market, By Feedstock Type, 2020-2034 (Usd Billion)
- 8.6.8.2. Rest Of Middle East & Africa: Methanol Market, By Derivative, 2020-2034 (Usd Billion)
- 8.6.8.3. Rest Of Middle East & Africa: Methanol Market, By End User, 2020-2034 (Usd Billion)
- 8.7. Methanol Market – Latin America
- 8.7.1. Latin America: Methanol Market, By Feedstock Type, 2020-2034 (Usd Billion)
- 8.7.2. Latin America: Methanol Market, By Derivative, 2020-2034 (Usd Billion)
- 8.7.3. Latin America: Methanol Market, By End User, 2020-2034 (Usd Billion)
- 8.7.4. Methanol Market – Mexico
- 8.7.4.1. Mexico: Methanol Market, By Feedstock Type, 2020-2034 (Usd Billion)
- 8.7.4.2. Mexico: Methanol Market, By Derivative, 2020-2034 (Usd Billion)
- 8.7.4.3. Mexico: Methanol Market, By End User, 2020-2034 (Usd Billion)
- 8.7.5. Methanol Market – Brazil
- 8.7.5.1. Brazil: Methanol Market, By Feedstock Type, 2020-2034 (Usd Billion)
- 8.7.5.2. Brazil: Methanol Market, By Derivative, 2020-2034 (Usd Billion)
- 8.7.5.3. Brazil: Methanol Market, By End User, 2020-2034 (Usd Billion)
- 8.7.6. Methanol Market – Argentina
- 8.7.6.1. Argentina: Methanol Market, By Feedstock Type, 2020-2034 (Usd Billion)
- 8.7.6.2. Argentina: Methanol Market, By Derivative, 2020-2034 (Usd Billion)
- 8.7.6.3. Argentina: Methanol Market, By End User, 2020-2034 (Usd Billion)
- 8.7.7. Methanol Market – Rest Of Latin America
- 8.7.7.1. Rest Of Latin America: Methanol Market, By Feedstock Type, 2020-2034 (Usd Billion)
- 8.7.7.2. Rest Of Latin America: Methanol Market, By Derivative, 2020-2034 (Usd Billion)
- 8.7.7.3. Rest Of Latin America: Methanol Market, By End User, 2020-2034 (Usd Billion)
- 9. Competitive Landscape
- 9.1. Expansion And Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
- 10. Company Profiles
- 10.1. Methanex Corporation
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Type Benchmarking
- 10.1.4. Recent Development
- 10.2. Oci N.V
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Type Benchmarking
- 10.2.4. Recent Development
- 10.3. Zagros Petrochemical Company
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Type Benchmarking
- 10.3.4. Recent Development
- 10.4. Sabic (Saudi Basic Industries Corporation)
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Type Benchmarking
- 10.4.4. Recent Development
- 10.5. Celanese Corporation
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Type Benchmarking
- 10.5.4. Recent Development
- 10.6. China National Petroleum Corporation (Cnpc)
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Type Benchmarking
- 10.6.4. Recent Development
- 10.7. China National Offshore Oil Corporation (Cnooc)
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Type Benchmarking
- 10.7.4. Recent Development
- 10.8. Yankuang Group
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Type Benchmarking
- 10.8.4. Recent Development
- 10.9. Mitsubishi Gas Chemical Company
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Type Benchmarking
- 10.9.4. Recent Development
- 10.10. Mitsubishi Chemical Corporation
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Type Benchmarking
- 10.10.4. Recent Development
- 10.11. Methanol Chemicals Company (Chemanol)
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Type Benchmarking
- 10.11.4. Recent Development
- 10.12. National Iranian Petrochemical Company
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Type Benchmarking
- 10.12.4. Recent Development
- 10.13. Lyondellbasell
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Type Benchmarking
- 10.13.4. Recent Development
- 10.14. Eastman Chemical Company
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Product Type Benchmarking
- 10.14.4. Recent Development
- 10.15. Proman Ag
- 10.15.1. Company Overview
- 10.15.2. Financial Performance
- 10.15.3. Product Type Benchmarking
- 10.15.4. Recent Development
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