Methanol Market worth $38.0 billion by 2028, at a CAGR of 4.2%

The “Methanol Market by Feedstock (Natural Gas, Coal), Derivative (Formaldehyde, MTO/MTP, Gasoline, MTBE, MMA, Acetic Acid, DME, Biodiesel), Sub-Derivative, End-use Industry (Automotive, Construction, Electronics), and Region – Global Forecasts to 2028” report predicts a 4.2% CAGR from USD 30.9 billion in 2023 to USD 38.0 billion by 2028.Methanol is utilized in many industries, including construction, automotive, electronics, appliances, paints and coatings, insulation, pharmaceuticals, packaging (PET bottles), and solvents, among others.

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  • 656 Market data Tables
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  • 487 Pages and in-depth TOC on “Methanol Market – Global Forecast to 2028”
Some of the prominent key players are:

·         Methanex Corporation (Canada)

·         HELM Proman Methanol AG

·         SABIC (Saudi Arabia)

·         Yankuang Energy Group Company Limited (China)

·         Zagros Petrochemical Company (ZPC) (Iran)

Driver: Growing demand from automotive and construction industries

The demand for methanol is increasing in automotive and construction industries. Methanol shows similar efficiency when used in engines of vehicle and aircraft compared to other fuels. China was pioneer to used methanol and methanol blends in automotive industry. Methanol is used to make MTBE, a petrol derivative and biodiesel. Formaldehyde which is manufactured from methanol is widely used in manufacturing of various building materials.

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