Methanol Market Size Worth $54.6 Billion by 2030 | CAGR: 5.06%: AMR


An expansion of the automotive sector, advancements in medical domain, and surge in demand for hydrogen fuel cells accelerate the growth of the global methanol market.

Wilmington, Delaware, Nov. 17, 2023 (GLOBE NEWSWIRE) — Allied Market Research recently published a report, titled, “Methanol Market by Feedstock (Coal, Natural Gas, Others), by End-use Industry (Automotive, Construction, Electronics, Appliances, Paints and Coatings, Insulation, Pharmaceutical, Packaging, Others): Global Opportunity Analysis and Industry Forecast, 2021-2030”. According to the report, the global methanol market is anticipated to generate $54.6 billion by 2030. The industry was valued at $35.3 billion in 2021 and is expected to witness a notable CAGR of 5.06% during the forecast period of 2022 to 2030. 

Factors influencing the growth of the market: 


An expansion of the automotive sector, advancements in medical domain, and surge in demand for hydrogen fuel cells accelerate the growth of the global methanol market. However, low manufacturing of methanol as compared to other fuels and heightened energy security provided by methanol is anticipated to provide remunerative growth opportunities to the market in upcoming years.  

Download Sample Pages of Research Overview: 

The natural gas segment held the highest market share  

In terms of feedstock, the natural gas segment grabbed the largest market share in 2021, contributing to more than two-fifths of the total market revenue. Furthermore, the coal segment would display a notable CAGR of 6.12% during the forecast period of 2022 to 2030, due to usage of coal as a source for the methanol generation to minimize the gap between decreasing fossil fuel supplies and optimize the hydrogen economy by declining the carbon emissions.  

The automotive segment grabbed the largest market share 

Based on end-use industry, the automotive segment gained the largest market share of more than one-fifth of the global methanol market in 2021. The appliances segment, on the other hand, is anticipated to showcase the fastest growth with 8.37% CAGR throughout the forecast timeframe, because methanol is the basic unit to produce several equipment that can be used in cars, computers, and others.  

Procure Complete Report (210 Pages PDF with Insights, Charts, Tables, and Figures) @ 

Asia-Pacific dominated the market 

The regional analysis in the report states that, the Asia-Pacific region dominated the market in 2021, contributing to more than half of the global methanol market, owing to significant growth in government initiatives to promote the use of methanol for EVs and fuel-cell vehicles. However, the market in LAMEA region would manifest the fastest growth with 6.57% CAGR from 2022 to 2030. 

Leading market players: 

  • Methanol Holdings (Trinidad) Limited. 
  • Zagros Petrochemical Co. 
  • Mitsui & Co., Ltd. 
  • Valero 
  • Mitsubishi Gas Chemical Company, Inc. 
  • Petroliam Nasional Berhad (PETRONAS) 
  • SABIC 
  • Methanex Corporation 
  • BASF SE 
  • Celanese Corporation 

Want to Access the Statistical Data and Graphs, Key Players’ Strategies: 

About Us 

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. 

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. 


David Correa 

United States 

1209 Orange Street, 

Corporation Trust Center, 

Wilmington, New Castle, 

Delaware 19801 USA. 

Int’l: +1-503-894-6022 

Toll Free: +1-800-792-5285 

Fax: +1-800-792-5285  

[email protected] 
Allied Market Research Blog:  
Follow Us on | Facebook | LinkedIn | YouTube | 

Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. takes no editorial responsibility for the same.