insightSLICE

Methanol Market

Methanol Market - Global Market Share, Trends, Analysis and Forecasts, 2023 - 2032
Frequently asked questions about this report

The methanol market is expected to reach US$ 58.08 Billion by 2032.

The methanol market market is expected grow at a CAGR of 5.2% between 2023 to 2032.

The methanol market was estimated to be US$ 34.99 Billion in 2022.

The global methanol market is experiencing substantial growth driven by the chemicals industry's increasing consumption of methanol as a vital raw material for the production of various chemical compounds and derivatives.

The Asia-Pacific region is the largest and fastest-growing market for methanol globally. The region's growing population and rising disposable income levels drive the demand for consumer goods and fuels, further bolstering the methanol market.

The United States is a major producer and consumer of methanol in North America.

The formaldehyde segment emerges as the largest application of methanol due to its broad utilization across multiple industries.

BASF SE (Germany), Celanese Corporation (United States), China National Offshore Oil Corporation (China), ExxonMobil Corporation (United States), Gujarat Narmada Valley Fertilizers & Chemicals Ltd (India), Haldor Topsoe A/S (Denmark), Methanex Corporation (Canada), Mitsubishi Gas Chemical Company, Inc. (Japan), Mitsui & Co., Ltd. (Japan), OCI Company Ltd. (South Korea), Petroliam Nasional Berhad (PETRONAS) (Malaysia), Reliance Industries Limited (India), SABIC (Saudi Arabia), Sinopec Group (China), Yara International ASA (Norway) among others, are the key players in the methanol market.