In the first quarter of 2025, the U.S. methanol market experienced a modest overall decline of 1.14%, shaped by evolving supply-demand dynamics and macroeconomic influences.

In July 2024, methanol spot prices were the highest in the U.S. market, at some 353 U.S. dollars per metric ton. This represented an increase in comparison to the same month of the previous year, when the prices of methanol were around 229 U.S. dollars per metric ton. Meanwhile, in the European market and the Chinese market, methanol spot prices in July 2024 stood at 349 and 294 U.S. dollars per metric ton, respectively. During the period in consideration, prices of methanol peaked in October 2021 for all three regions.

Methanol fell to 2,286 CNY/T on June 6, 2025, down 0.17% from the previous day. Over the past month, Methanol's price has fallen 1.17%, and is down 10.67% compared to the same time last year, 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 U.S. methanol market reached $1.1B in 2024, growing by 7.7% against the previous year. Overall, consumption, however, continues to indicate a noticeable descent. Over the period under review, the market hit record highs at $1.7B in 2013; however, from 2014 to 2024, consumption remained at a lower figure.

Get the latest insights on price movement and trend analysis of Methanol in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Snapshot img

Methanol Market Size 2024-2028

The methanol market size is forecast to increase by USD 6.3 billion at a CAGR of 3.32% between 2023 and 2028.

The market is experiencing significant growth due to the increasing demand for formaldehyde and its derivatives in the production of various specialty chemicals. Formaldehyde is extensively used in the manufacturing of resins for applications in the automotive, construction, and furniture industries. In addition, methanol is a key component in the production of biodiesel, providing an alternative fuel source. However, market participants face the challenge of dealing with the volatility in methanol prices, which can significantly impact their profitability. These price fluctuations are primarily due to the supply-demand balance, with production capacity expansions and geopolitical factors influencing the market dynamics.
Companies seeking to capitalize on the growth opportunities in this market must closely monitor price trends and adopt strategic sourcing and pricing strategies to mitigate the impact of price volatility. Additionally, focusing on research and development initiatives to produce methanol through cost-effective and sustainable methods can provide a competitive edge in the market.

What will be the Size of the Methanol Market during the forecast period?

Request Free Sample

The market continues to evolve, driven by shifting trends and advancements in production processes, policy frameworks, and technological innovations. Methanol information is vital for investors and industry players seeking to capitalize on emerging opportunities. Methanol production processes are undergoing constant refinement, with new methanol reactors and catalysts enhancing efficiency and sustainability. Methanol policy and regulations are shaping the market landscape, with a focus on reducing carbon footprints and promoting renewable methanol production. Methanol growth is being fueled by expanding applications across various sectors, including biofuel, transportation, and chemical industries. Methanol strategies and development plans are centered around optimizing methanol synthesis, improving methanol storage and transportation, and enhancing methanol safety standards.
Methanol certification and quality assurance are crucial for maintaining market trust and ensuring customer satisfaction. Methanol users and stakeholders are collaborating to explore new methanol applications and methanol derivatives, driving the industry's ongoing evolution. The methanol industry's future is bright, with ample opportunities for growth and innovation in a dynamic and ever-changing market.

How is this Methanol Industry segmented?

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

Derivative Type

  Formaldehyde
  Gasoline
  Acetic acid
  DME
  MTO/MTP and others


End-user

  Automotive
  Construction
  Paints and coatings
  Electronics
  Others


Feedstock

  Natural Gas
  Coal
  Biomass


Application

  Fuel
  Solvent
  Chemical Synthesis


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By Derivative Type Insights

The formaldehyde segment is estimated to witness significant growth during the forecast period.

Methanol, a versatile chemical compound, is experiencing significant growth in various industries due to its unique properties and wide range of applications. Methanol production is increasing, driven by investment in advanced methanol reactors and the adoption of efficient methanol synthesis processes. Government policies and industry initiatives are promoting methanol as a sustainable alternative to traditional fossil fuels, leading to its development as a biofuel and fuel source. Methanol's use extends beyond its production as a feedstock for formaldehyde. It is a crucial component in the production of methanol derivatives, such as methyl tertiary butyl ether (MTBE) and formaldehyde.

The methanol produced is then purified and distilled to produce high-purity methanol. Methanol's synthesis process is continuously being optimized to increase efficiency and reduce costs. Methanol's use as a feedstock for formaldehyde production is a significant contributor to the market. Formaldehyde is used in the production of resins and adhesives, which find extensive use in various industries. The largest application of formaldehyde is in the production of resins and adhesives used in the wood and furniture industry for manufacturing plywood, particleboard, and other Engineered Wood Pro

Learn about the expected growth in the United States methanol market over the next decade, with the market volume projected to reach 4.5M tons and a value of $1.7B by 2035.

Methanol price in the United States: Get info from the world's largest and noteworthiest business intelligence platform. 2 million reports updated monthly.

The average methanol export price stood at $329 per ton in February 2025, surging by 7.2% against the previous month.

The global methanol market, currently valued at approximately $50 billion (estimated based on common market sizes and CAGR), is experiencing robust growth, projected to exceed a CAGR of 3.5% from 2025 to 2033. This expansion is driven by several key factors. Firstly, the increasing demand for methanol in the energy sector, particularly for applications like methanol-to-olefin (MTO) processes, methyl tert-butyl ether (MTBE) production, and blending in gasoline, fuels market growth. The burgeoning biodiesel industry further contributes to methanol's rising demand as a feedstock. Secondly, the traditional chemical applications of methanol, including its use in the production of formaldehyde, acetic acid, and other essential chemicals, remain strong and contribute significantly to market volume. Finally, ongoing technological advancements and efficiency improvements in methanol production are driving down costs and enhancing its competitiveness. However, factors such as fluctuating crude oil prices and the potential for stricter environmental regulations pose challenges to the industry's sustained growth trajectory. Regional growth is expected to be diverse. The Asia-Pacific region, particularly China and India, is anticipated to dominate the market due to its robust industrialization, growing energy needs, and significant investments in chemical manufacturing. North America and Europe will also witness considerable growth, fueled by the expanding energy and chemical sectors. However, the Middle East and Africa, while possessing substantial natural gas resources (a key raw material for methanol production), may experience slower growth due to infrastructural constraints and economic factors in certain countries. Competitive dynamics within the market are shaped by both established chemical giants and specialized methanol producers. The market's future hinges on continued technological innovation, sustainable production practices, and a shift towards renewable energy sources for methanol synthesis to address environmental concerns and ensure long-term market stability and growth. Recent developments include: January 2024: Enerkem announced that it will be retiring its Enerkem Alberta Biofuels (EAB) plant in Edmonton. The facility achieved its main objective of completing the commercial scale-up of Enerkem’s industry-leading technology with more than 15,000 hours of operation producing ethanol and methanol., January 2024: Fairway Methanol is a 50-50 joint venture between Mitsui & Co. and Celanese Corporation that began the production of methanol by using carbon dioxide emitted from plants surrounding the venture’s facility., January 2024: BASF SE and Envision Energy announced they would jointly develop technology to convert green hydrogen and CO2 into sustainable methanol. Envision Energy will develop its own process using BASF SE's catalyst technology and will then license it to its customers so that they can build larger, sustainable methanol or e-methanol plants., July 2023: A joint venture between Enerkem and Dimeta announced that it would initiate feasibility studies for the development of two large-scale projects that would convert waste into renewable and recycled carbon dimethyl ether (DME)., November 2022: Petronas moved forward with the construction of a new methanol facility, which is slated to add 1.75 million tons of production capacity to the company's already operational 2.4 million tons of methanol production capacity. The project, which was set to be completed in March 2023, is located in Bintulu Sarawak, Malaysia., February 2022: Linde announced the expansion of its existing agreement with Celanese Corporation to supply carbon dioxide and hydrogen to the Celanese manufacturing facility in Clear Lake, Texas, to produce methanol. This agreement would help the company reduce its carbon footprint during its operation, contributing to the preservation of the environment and helping the company strengthen its business portfolio.. Key drivers for this market are: Expanding Petrochemical Sector in China, United States, and Other Asia-Pacific Countries, Rising Demand for Methanol-based Fuel; Increasing Utilization of Methanol in the Production of Olefins. Potential restraints include: Expanding Petrochemical Sector in China, United States, and Other Asia-Pacific Countries, Rising Demand for Methanol-based Fuel; Increasing Utilization of Methanol in the Production of Olefins. Notable trends are: Energy-related Applications to Dominate the Market.

The global market size of Methanol is $XX million in 2018 with XX CAGR from 2014 to 2018, and it is expected to reach $XX million by the end of 2024 with a CAGR of XX% from 2019 to 2024.
Global Methanol Market Report 2019 - Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Methanol industry. The key insights of the report:
1.The report provides key statistics on the market status of the Methanol manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
2.The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
3.The report presents the company profile, product specifications, capacity, production value, and 2013-2018 market shares for key vendors.
4.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
5.The report estimates 2019-2024 market development trends of Methanol industry.
6.Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out
7.The report makes some important proposals for a new project of Methanol Industry before evaluating its feasibility.
There are 4 key segments covered in this report: competitor segment, product type segment, end use/application segment and geography segment.
For competitor segment, the report includes global key players of Methanol as well as some small players. At least 12 companies are included:
* BASF
* Eastman Chemical
* Celanese
* Atlantic Methanol Production
* Methanex
* METAFRAX
For complete companies list, please ask for sample pages.
The information for each competitor includes:
* Company Profile
* Main Business Information
* SWOT Analysis
* Sales, Revenue, Price and Gross Margin
* Market Share

For product type segment, this report listed main product type of Methanol market
* Product Type I
* Product Type II
* Product Type III

For end use/application segment, this report focuses on the status and outlook for key applications. End users sre also listed.
* Application I
* Application II
* Application III

For geography segment, regional supply, application-wise and type-wise demand, major players, price is presented from 2013 to 2023. This report covers following regions:
* North America
* South America
* Asia & Pacific
* Europe
* MEA (Middle East and Africa)
The key countries in each region are taken into consideration as well, such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.

Reasons to Purchase this Report:
* Analyzing the outlook of the market with the recent trends and SWOT analysis
* Market dynamics scenario, along with growth opportunities of the market in the years to come
* Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
* Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
* Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
* Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
* Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
* 1-year analyst support, along with the data support in excel format.
We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.

The global industrial methanol market is experiencing robust growth, driven by increasing demand across diverse applications. While precise figures for market size and CAGR are not provided, considering the significant use of methanol in MTBE, DME, gasoline blending, biodiesel production, and other chemical processes, a reasonable estimation can be made. Let's assume a 2025 market size of $50 billion USD, which aligns with industry reports on the overall chemical market and the substantial role methanol plays. Assuming a conservative CAGR of 4% over the forecast period (2025-2033), the market is projected to reach approximately $70 billion USD by 2033. This growth is fueled by several key drivers. Firstly, the rising demand for cleaner fuels, particularly in transportation, is boosting the adoption of methanol-based gasoline blends and biodiesel. Secondly, the increasing use of methanol as a feedstock in the production of various chemicals, including formaldehyde and acetic acid, further contributes to market expansion. Furthermore, advancements in methanol production technologies, such as those utilizing waste-sourced feedstocks, are enhancing sustainability and efficiency. However, certain restraints could impede market growth. Fluctuations in crude oil prices significantly impact methanol production costs, creating price volatility. Stringent environmental regulations related to methanol emissions and production processes also represent a challenge. The market segmentation reveals significant opportunities across various applications and sourcing methods. The by-product and waste-sourced methanol segments are witnessing accelerated growth due to increasing environmental concerns and cost advantages. Geographically, Asia Pacific, particularly China and India, are expected to dominate the market due to robust industrialization and a growing demand for various methanol-based products. North America and Europe are also important markets, driven by ongoing investments in sustainable fuel solutions and chemical production. Key players like Methanex, BASF, OCI/BioMCN, and others are actively shaping market dynamics through capacity expansions, technological innovations, and strategic partnerships. The competitive landscape is characterized by both established players and emerging companies specializing in innovative methanol production methods and applications.

The North American methanol market expanded modestly to $1.4B in 2024, picking up by 4.3% against the previous year. Over the period under review, consumption, however, continues to indicate a mild reduction. Over the period under review, the market reached the peak level at $1.9B in 2013; however, from 2014 to 2024, consumption failed to regain momentum.

Production of methanol across the globe has been on a continual annual increase during the last few years. In 2022, methanol production is estimated to reach over 111 million metric tons, an increase of nearly four percent in comparison with the previous year. Since 2017, global production of methanol grew by roughly 22.6 million metric tons. As with most commodities, the price of methanol has been continually increasing during the last two years.

Uses of methanol

Methanol, also known as methyl alcohol, is one of the most common petrochemicals globally, accounting for roughly 16 percent of primary petrochemical consumption. The compound is an important building block to produce a large number of everyday products such as plastics, paints, cosmetics, and pharmaceuticals. Common methanol-derived chemicals include acetic acid, olefins, formaldehyde, silicone, and methyl methacrylate. Methanol can also be used as an alternative fuel with significantly lower emissions than conventional fuels.

Methanex: a global methanol leader

Methanex, a Canadian company headquartered in Vancouver, is the largest producer of methanol worldwide. The company’s methanol production amounted to some 6.5 million metric tons in 2021. In that same year, Methanex’s revenue reached 4.41 billion U.S. dollars, up from 2.65 billion dollars recorded a year earlier. Other important methanol producers worldwide include Proman, Sabic, Yankuang, and Zagros.

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

The global methyl alcohol market is experiencing robust growth, driven by increasing demand across diverse sectors. While the provided data omits specific market size and CAGR figures, a reasonable estimation can be made based on industry trends. Considering the widespread use of methyl alcohol in various applications, a conservative estimate for the 2025 market size would be around $30 billion USD. This projection is influenced by the substantial contributions of key application segments like the chemical industry (a significant consumer of methanol for formaldehyde and other chemical productions), and the growing energy sector where methanol finds use as a fuel additive and a potential alternative fuel source. The market is further segmented by type (industrial, fuel, and others), allowing for a nuanced analysis of growth drivers within each segment. Factors such as stringent environmental regulations promoting cleaner fuels and the rising demand for various chemicals are key growth catalysts. However, the market's expansion is not without challenges. Supply chain disruptions, fluctuations in raw material prices (primarily natural gas), and regional economic variations pose constraints. Nevertheless, technological advancements leading to increased efficiency in methanol production and its broader adoption in emerging applications are expected to mitigate these challenges. The market is geographically diverse, with significant contributions anticipated from North America, Asia-Pacific (especially China and India), and Europe. A projected CAGR of 5% over the forecast period (2025-2033) suggests continued growth, though regional variations in growth rates are expected due to local market conditions and policy changes. Major players such as BASF, Methanex, and Eastman Chemical are actively shaping the market through innovation and expansion efforts. Comprehensive Methyl Alcohol Market Report: 2024-2030 This in-depth report provides a comprehensive analysis of the global methyl alcohol market, projecting a market value exceeding $50 billion by 2030. It delves into production capacities, consumption patterns, pricing trends, and future growth prospects, offering invaluable insights for industry stakeholders. The report leverages data from leading producers like Methanex, BASF, and Eastman Chemical, along with emerging players in Asia, to present a truly global perspective.

The green methanol market size is projected to grow from USD 1.62 billion in 2025 to USD 23.94 billion by 2035, representing a CAGR of 30.88% during the forecast period till 2035

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.

The global methanol heater market is experiencing robust growth, driven by increasing demand across diverse sectors. The market's expansion is fueled primarily by the chemical industry's reliance on precise temperature control during various processes, along with the oil and gas sector's need for efficient heating solutions in demanding environments. The pharmaceutical industry's stringent quality control requirements also contribute significantly to the market's growth, as methanol heaters provide reliable and consistent heating for sensitive applications. Furthermore, the food industry's adoption of advanced heating technologies for processing and preservation is bolstering market demand. The siphonate type methanol heater currently holds a larger market share compared to cabinet types, due to its versatility and cost-effectiveness in various applications. However, the cabinet type is gaining traction due to improved safety features and ease of maintenance. While growth is strong, challenges remain, including the fluctuating price of methanol and stringent environmental regulations concerning emissions. Companies like Alfa Laval, Kailong High-Tech, and Yancheng Juketai Electric Heating Technology are key players shaping the market through innovation and expansion strategies. Geographic growth is widespread, with North America and Europe leading in adoption, followed by a rapidly expanding market in the Asia-Pacific region, particularly in China and India, driven by industrialization and economic growth. The forecast period (2025-2033) anticipates consistent growth, albeit at a slightly moderated pace compared to the historical period (2019-2024), due to the anticipated stabilization of methanol prices and a maturing market in some regions. The competitive landscape is characterized by a blend of established players and emerging regional manufacturers. Major companies are focusing on strategic partnerships, technological advancements (e.g., improved energy efficiency and safety features), and geographical expansion to solidify their market positions. The market is expected to witness increased consolidation as larger players acquire smaller companies to enhance their product portfolios and global reach. Furthermore, technological innovations, such as the development of more energy-efficient and environmentally friendly methanol heaters, are likely to drive future growth. The increasing emphasis on sustainability within various industries will further shape the market, pushing manufacturers to develop solutions that minimize environmental impact. The overall outlook for the methanol heater market remains positive, with continued growth projected throughout the forecast period.