In June 2024, the average methanol export price amounted to $397 per ton, declining by -2.7% against the previous month.

The methanol prices in the United States for Q3 2024 reached 737 USD/MT in September. The market witnessed a notable rise in prices due to supply chain interruptions and reduced imports, creating a tight market. The strong demand from industries like formaldehyde and chemicals, along with rising raw material costs and port delays, further pushed prices higher, leading to a positive market outlook.

Methanol decreased 138 CNY/T or 4.99% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Methanol.

The Indian methanol market amounted to $1.6B in 2024, remaining constant against the previous year. In general, the total consumption indicated pronounced growth from 2012 to 2024: its value increased at an average annual rate of +4.0% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -7.3% against 2021 indices.

The North American Methanol market in Q4 2024 experienced notable price surges and dynamic market conditions driven by fluctuating demand and supply factors. Methanol prices in the USA rose sharply, with significant increases in October and November due to strong demand from the downstream Acetic Acid and Dimethyl Amine sectors, supported by heightened consumption in the paints and coatings industry.

What is covered in the report about the “India Methanol Industry”? Read More

50 Global export shipment records of Methanol with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

The global methanol market size reached USD 38.0 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 56.2 Billion by 2033, exhibiting a growth rate (CAGR) of 4.4% during 2025-2033. The rapidly expanding chemical industry, widespread product employment in manufacturing antibiotics and antifungals, significant growth in the automotive industry, and the implementation of various government initiatives are some of the major factors propelling the market.

IMARC Group provides an analysis of the key trends in each segment of the global methanol market report, along with forecasts at the global and regional levels from 2025-2033. Our report has categorized the market based on the application.

672 Global import shipment records of Methanol with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

India WPI: Avg: Mfg: Chemicals: BO: Methanol data was reported at 172.000 1993-1994=100 in Aug 2010. This records an increase from the previous number of 171.500 1993-1994=100 for Jul 2010. India WPI: Avg: Mfg: Chemicals: BO: Methanol data is updated monthly, averaging 185.600 1993-1994=100 from Apr 1994 (Median) to Aug 2010, with 197 observations. The data reached an all-time high of 256.400 1993-1994=100 in Feb 2007 and a record low of 92.700 1993-1994=100 in Dec 1999. India WPI: Avg: Mfg: Chemicals: BO: Methanol data remains active status in CEIC and is reported by Ministry of Commerce and Industry. The data is categorized under Global Database’s India – Table IN.IH120: Wholesale Price Index: 1993-94=100: Period Average: Manufactured Products: Chemicals .

Methanol stock price, live market quote, shares value, historical data, intraday chart, earnings per share and news.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

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Formic Acid Market Size 2024-2028

The formic acid market size is forecast to increase by USD 543.9 billion at a CAGR of 5.2% between 2023 and 2028. Formic acid is a crucial organic compound with various applications in industries such as textiles, pharmaceuticals, and the livestock industry. The market for formic acid is driven by the increasing demand for formic acid as a preservative in industries like textiles and livestock feed. Additionally, the development of direct synthesis methods in acidic media is a significant trend in the market. However, the presence of cost-effective substitutes like acetic acid, methanol, and hydrogen peroxide poses a challenge to the market growth. In the textile industry, formic acid is used as a finishing agent, while in the livestock industry, it is used as a feed additive to improve digestion and reduce emissions. In the pharmaceutical sector, formic acid is used as a building block in the production of caprolactam, a key raw material in the manufacture of nylon. Furthermore, the use of formic acid in the production of hydrogen gas and carbon dioxide in environmentally safe processes is a growing trend. In the production of hydrogen peroxide, formic acid acts as a catalyst, while in the production of polyols, it is used as a feedstock. In the agroindustry, formic acid is used in the production of silage and as an antibacterial agent in animal feed.

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The compound, which shares similarities with methanoic acid, is produced naturally by ants and some bees as part of their venom. In the chemical industry, formic acid plays a significant role due to its versatile applications. Formic acid is extensively used in various industries, including agriculture, methanol production, and fuel cells. In agriculture, it is employed as an antibacterial agent in the dairy sector, silage preservation, and as a fungicide. In methanol production, formic acid acts as a crucial intermediate, while in fuel cells, it serves as a key component for the electrochemical conversion of chemical energy into electricity.

Moreover, formic acid's role extends to climate change mitigation as it is used in the production of carbon monoxide (CO) and hydrogen (H2) for carbon capture, utilization, and storage (CCUS) applications. The reduction of fossil fuel usage and subsequent greenhouse gas emissions is a critical concern in today's world, making formic acid a valuable asset in the fight against climate change. Formic acid also finds applications in the chemical industry, particularly in the production of other chemicals like methanol and various derivatives through processes such as formylation and transfer hydrogenation. In the processed food industry, formic acid is used as a preservative and a flavoring agent.

Additionally, it is used in the livestock sector as a feed additive and in the leather industry as a preservative in tanning processes. The agriculture market and the processed food market are the primary consumers of formic acid, with the agriculture market accounting for a significant share due to its extensive usage in agriculture applications. In the agriculture sector, formic acid is used as a fungicide and antibacterial agent, contributing to increased crop yields and improved livestock health. In the processed food industry, it is used as a preservative and flavoring agent, ensuring food safety and enhancing consumer experience. Furthermore, formic acid's applications are not limited to these industries, as it is also used in the production of antibiotics and pharmaceuticals. Its unique properties make it an essential component in various industries, driving the demand for this versatile chemical.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Distribution Channel

  Offline
  Online


End-user

  Agriculture and animal feed
  Leather
  Textile
  Chemicals and pharmaceuticals
  Others


Geography

  APAC

    China
    India


  North America

    Canada
    US


  Europe

    Germany


  Middle East and Africa



  South America

By Distribution Channel Insights

The offline segment is estimated to witness significant growth during the forecast period. Formic acid is a significant industrial chemical with diverse applications across various sectors. In the dairy industry, it serves as an essential additive in silage preservation, enhancing the shelf-life of animal feed and reducing the risk of contamination from harmful bacteria like E. Coli. In the realm of renewable energy, formic acid is used as a chemical energy carrier in fuel cells, contributing to the reduction of greenhouse gas emissions and carbon footprint, thereby mitigating climate change. Formic acid als