Methanol Market Growth Analysis - Forecast Trends and Outlook (2026-2035)

Competitive Landscape

Key methanol market players are expanding their production capacities to meet the growing demand for green methanol amid the rising emphasis on sustainability. They are also exploring technologies that utilise renewable sources like biomass and CO2 to produce methanol.

Key Industry Players

Methanex Corporation, founded in 1992 in Vancouver, Canada, is the global leader in methanol production and supply. It has operations on every continent with facilities spread across the globe, providing a reliable supply of methanol to energy, automotive, and chemical industries and supporting cleaner alternatives to fuel.

Zagros Petrochemical Company, established in 2000 and headquartered in Iran, is a petrochemical company. The company boasts an annual capacity of 3.300.000 tons of methanol per annum and has established its position as one of the five largest methanol manufacturers in the world.

Celanese Corporation, headquartered in Texas, United States, is a leading producer of speciality chemicals and materials for use in various consumer applications and industries. Founded in 1918, the company’s products are manufactured in Asia, North America, and Europe. With 12,400 employees, the company achieved net sales of USD 10.9 billion in 2023.

OCI NV, headquartered in Amsterdam, the Netherlands, is one of the largest producers of nitrate fertilisers, ammonia, methanol, and hydrogen products and solutions. Its versatile products and solutions play an essential role in supporting clean feedstocks and food security. In 2023, it sold 12.9 million metric tonnes of hydrogen products, including methanol, nitrogen fertilisers, and ammonia, among others.

HELM Proman Methanol AG, a joint venture between HELM AG and Proman, is engaged in methanol marketing and distribution. Leveraging access to Proman's large production network, it provides secure methanol supply for use in fuels, plastics, and chemicals to industrial markets in Europe and beyond.

SABIC, established in 1976 in Riyadh, Saudi Arabia, is a worldwide leader in chemicals and petrochemicals, including methanol. It produces methanol for major uses such as formaldehyde, acetic acid, and fuel blending, serving industries across the globe with a focus on innovation and sustainability.

Yankuang Energy Group Company Limited, which was founded in 1973 in Jining, China, is a significant producer of methanol based on coal. Leveraging cutting-edge coal gasification technologies, it provides methanol for domestic and overseas markets to serve energy, construction, and chemical industries, further enhancing China's position as a leading methanol producer worldwide.

Other key players in the market are BASF SE, PETRONAS, Mitsubishi Gas Chemical Company Inc., Mitsui & Co. Ltd., LyondellBasell Industries B.V., Metafrax Chemicals, SIPCHEM, Eastman Chemical Company, China National Petroleum Corporation (CNPC), Gujarat Narmada Valley Fertilizers & Chemicals Limited.

Methanol Market Report Snapshots

Methanol Market