India Methanol Market Size, Share, Report 2025-2033

The increasing demand in major sectors such as chemicals, construction, and automobiles is expected to drive the growth of the Indian methanol market, which was worth USD 1.24 billion in 2025 and is expected to reach USD 1.83 billion by 2033. The industry is anticipated to grow at a compound annual growth rate (CAGR) of 4.40% during 2025-2033, according to the IMARC Group. Methanol's use as a feedstock and fuel substitute remains the basis for its growing application in formaldehyde production, biodiesel, and fuel blending. The India Methanol Market Size, Share, Trends and Forecast by Distribution Channel, End Use, and Region, 2025-2033, offers exhaustive analysis of market division, geographical performance, and competitive landscape. It presents strategic research for stakeholders to identify investment opportunity, import reliance, and indigenous manufacturing trends. To provide an inclusive analysis of market trends and upcoming growth opportunities, the study incorporates the base year 2024 with past data for 2019-2024 and forecast periods up to 2033.

Base Year: 2024
Forecast Years: 2025-2033
Historical Years: 2019-2024
Market Size in 2024: USD 1.24 Billion
Market Forecast in 2033: USD 1.83 Billion
Market Growth Rate 2025-2033: 4.40%

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India Methanol Market Overview

India's methanol market is progressing steadily as industrial diversification and clean fuel adoption take center stage. Methanol is emerging as a strategic resource in sectors such as automotive, petrochemicals, and construction due to its adaptability, low emissions, and cost efficiency. Government incentives through initiatives such as the Methanol Economy program are boosting local production and lowering import dependence. With growing demand in formaldehyde, biodiesel, and fuel blending applications, the market is supporting robust growth momentum. Growing public and private investments are strengthening the supply chain, making methanol a central facilitator in India's shift towards sustainable, low-carbon industrial growth.

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India Methanol Market Trends & Drivers

The market is now moving toward diversified methanol use in value-added industries, such as textiles, plastics, and pharmaceuticals. Coal-to-methanol technologies are now becoming popular, and investment is being attracted for increasing production efficiency and energy security. Demand for methanol-based resins and adhesives is also on the rise on account of infrastructure and housing development. Moreover, the advent of methanol-based marine and road transport is revamping India's alternative fuel environment. Advances in methanol-to-hydrogen and fuel cell technologies are giving new dimensions to its use. Plant digitalization and regulatory support for green chemistry are also driving a competitive, technology-led methanol market with long-term growth prospects.

The Indian methanol market is accelerating through a mix of energy security initiatives, supportive policies, and cost benefits. The government's initiative to cut crude oil imports is spurring the blending of methanol in transport fuels. Its application in the manufacture of formaldehyde, acetic acid, and methylamines underpins firm demand from the pharmaceutical, agriculture, and textile industries. Methanol is an attractive industrial fuel because it is economically feasible compared to gasoline and LPG. Furthermore, economies of scale in manufacturing are being enhanced through advances in feedstock processing technology, i.e., in the field of coal and biomass gasification. Technological advancement and commercial growth are also being supplemented by overseas markets and partnerships with foreign companies, especially those from the United States.

India Methanol Market Segmentation: Along with national projections for 2025-2033, IMARC Group offers an analysis of the major trends in each market segment. The market has been classified in our analysis according to end use and distribution channel.

Distribution Channel Insights:
• Direct Sales
• Indirect Sales
• Formaldehyde
• MTO/MTP
• MTBE
• Others

Regional Insights:
• North India
• South India
• East India
• West India

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India Methanol Market News:

May 3, 2025: Ohmium International, jointly with JNCASR once more, Breathe Applied Sciences, and Spirare Energy, released news of successful upscaling of India's initial green methanol factory fueled by PEM electrolyzer technology. Building upon the launch made in 2024, the new facility now features enhanced efficiency in carbon capture and synthesis of methanol, producing over 70% of the CO2 output from Singareni Thermal Power Plant into clean methanol.It is hoped that this enhanced capability will promote the utilization of renewable energy in transport and industry to serve India's homegrown methanol production system as well as its decarbonization drive.

On August 19, 2027, Odisha became home to the Avaada Group's first green methanol facility with a 0.5 MTPA capacity. Gopalpur Port site has been integrated completely with Avaada's solar and wind assets to maximize renewable hydrogen for methanol production. Concurrently, work on a second green methanol facility at Gujarat with capacity of 0.7 MTPA is underway. These steps are a strategic expansion of Avaada's green fuel initiatives, which follow India's aim to replace fossil-based methanol with sustainable sources in shipping and heavy industry segments.

February 22, 2031: By 2033, Avaada Group now Avaada Clean Fuels, has pledged to manufacture over 2 MTPA of green methanol. New integrated complexes are under development in Andhra Pradesh and Maharashtra to employ cutting-edge solid oxide electrolyzer cells (SOEC) to produce hydrogen more efficiently. With the initiative of Ohmium International in starting to export green methanol from India to Southeast Asia and Europe, India has become a cost-effective e-fuel producer in global value chains. This synchronized effort of industry players reveals the manner in which innovation, policy, and demand for clean energy across various sectors are leading the expansion of the green methanol market.

Key highlights of the Report:

1. Market Performance (2019-2024)
2. Market Outlook (2025-2033)
3. COVID-19 Impact on the Market
4. Porter's Five Forces Analysis
5. Strategic Recommendations
6. Historical, Current and Future Market Trends
7. Market Drivers and Success Factors
8. SWOT Analysis
9. Structure of the Market
10. Value Chain Analysis
11. Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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