Methanol Market 2025 Top Business Strategy, Growth Factors, Healthy CAGR with Segments & Forecast - 2028

The methanol market is set for steady growth, driven by its use in fuel blending, chemicals, and energy applications. Rising demand for bio-methanol and sustainable production methods offers opportunities. However, price volatility and regulatory challenges may impact growth. Advancements in green methanol will shape the market's future.
The methanol market size is expected to grow from USD 30.9 billion in 2023 to USD 38.0 billion by 2028, at a CAGR of 4.2% during the forecast period. Methanol is used in various industries, such as Construction, Automotive, Electronics, Appliances, Paints & Coatings, Insulation, Pharmaceuticals, Packaging (PET bottles), Solvents, among others. This report provides a comprehensive analysis of industry, including methanol market size [https://www.marketsandmarkets.com/Market-Reports/methanol-market-425.html?utm_source=abnewswire.com&utm_medium=referral&utm_campaign=methanol], trends, drivers and constraints, competitive aspects, and prospects for future growth.

By feedstock, the coal segment accounted for the fastest-growing of the methanol market during 2023 to 2028

The coal segment, by feedstock, market accounts for the fastest growth. Many countries are shifting towards coal feedstock due to high prices and limited reserves of natural gas in certain areas. For the manufacturing methanol from coal, it is mixed with air separator O2 and then put through coal gasification to create crude syngas. Methanol manufacturing using coal as a feedstock is a carbon-intensive process that can produce a lot of greenhouse gas emissions. Utilizing cleaner and more environmentally friendly feedstocks for the manufacturing of methanol has received increased attention in recent years in an effort to reduce environmental impact.

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By derivative, the MTO/MTP segment accounted for the fastest-growing share of the methanol market during 2023 to 2028

The MTO/MTP segment, by derivative, market accounts for the fastest growth. The growth is due to the rise in MTO/CTO plants in China to produce olefins through methanol, as the demand for olefins is growing in the petrochemical industry. The chemical industry has paid close attention to the MTO and MTP processes because they offer an alternate method of producing olefins from non-petroleum feedstocks like methanol. The growing demand for methanol is highly attributed to its increasing demand in the automotive and construction end-use industries.

By sub derivative, the olefins segment accounted for the fastest-growing share of the methanol market during 2023 to 2028

The olefins segment, by sub derivative, market accounts for the fastest growth. The growth is due to an increase in production of methanol and high feedstock availability. Methanol is alternative source to produce light olefins which is currently high in demand in various applications. Olefins are essential raw materials for the manufacturing of various plastics, synthetic fibres, rubber, and other petrochemical goods, with ethylene and propylene playing a particularly important role. Olefin production from methanol offers an alternative feedstock method, hence diversifying the sources of these important chemical building blocks.

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By end-use industry, the solvent segment accounted for the fastest-growing share of the methanol market during 2023 to 2028

The solvent segment, by end-use industry, market accounts for the fastest growth. This growth is due to the huge demand from the various end-use industries. Methanol is used as a laboratory solvent, which is useful for HPLC, UV/VIS spectroscopy, and LCMS due to its low UV cutoff. Methanol is commonly used as a solvent in industrial processes, such as those involving the production of chemicals, medications, and electronics. It is helpful for cleaning, degreasing, and extracting items since it can dissolve a wide variety of organic compounds, including oils, resins, polymers, dyes, and dye molecules. The solvent qualities of methanol make it useful in formulas for paint and coatings, printing inks, and cleaning agents.

Methanol Companies [https://www.marketsandmarkets.com/ResearchInsight/methanol-market.asp?utm_source=abnewswire.com&utm_medium=referral&utm_campaign=methanol]

Companies such as Methanex Corporation (Canada), HELM Proman Methanol AG, SABIC (Saudi Arabia), Yankuang Energy Group Company Limited (China), and Zagros Petrochemical Company (ZPC) (Iran) fall under the winners' category. These are leading players in the methanol market, globally. These players have adopted the strategies of acquisition, agreement, investment, joint venture, merger, product launch, expansion, divestment, and partnership to fulfil the rising demand for methanol on the regional as well as global levels.

Methanex Corporation

Methanex Corporation is one of the leading manufacturers of methanol. The company has a geographic presence in North America, Europe, Asia Pacific, South America, and the Middle East. Methanol manufactured by company is used in building materials, foams, resins, and plastics. In April 2023, Methanex Corporation and Suez Methanol Derivatives (SMD) signed an agreement for a new methanol pipeline construction.

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Zagros Petrochemical Company

Zagros Petrochemical Company is one of the largest methanol companies is Iran. The company manufactures methanol that is used in manufacturing formaldehyde, acetic acid, and many other products. In March 2023, Zagros Petrochemical Company signed an agreement with Dalian Petrochemical Company to construct a methanol-to-synthetic ethanol conversion plant.

SABIC

SABIC engages in the manufacture, marketing and distribution of petrochemicals, polymers and plastics, and agricultural nutrients. The company is one of the key players in the methanol market and has a geographic presence in more than 100 countries. In September 2021, SABIC formed a joint venture with ExxonMobil to strengthen its petrochemical manufacturing presence in North America.

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