Asia Pacific Methanol Market Growth and Recent Trends by 2028

Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028

Asia Pacific Methanol Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Derivative [Formaldehyde, Acetic Acid, Methanol-to-Olefins (MTO)/Methanol-to-Propylene (MTP), Methyl Tertiary-Butyl Ether (MTBE), Methyl Methacrylate (MMA), Biodiesel (Gasoline Blending), Dimethyl Ether (DME), and Others] and End-Use Industry (Automotive, Construction, Electronics, Packaging, Pharmaceuticals, Paints and Coatings, and Others)

Report Date : May 2022
Report Code : TIPRE00029069

Category : Chemicals and Materials
Status : Published

Available Report Formats :
No. of Pages : 139

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The Asia Pacific methanol market is expected to reach US$ 27,073.72 million by 2028 from US$ 17,738.87 million in 2021; it is expected to grow at a CAGR of 6.2% from 2021 to 2028.

Methanol is used as feedstock for manufacturing various construction-related materials such as plastic pipes, paints and coatings, carpet underlay, wood panels, and crane ropes. Moreover, formaldehyde-based resins, one of the methanol's derivatives, are widely used to manufacture composite and engineered wood products used in cabinetry, countertops, moldings, shelving, stair systems, flooring, wall sheathing, support beams, and trusses. Also, glue adhesives used as bonding agents for building blocks are made of formaldehyde-based chemistry. In addition, methanol is used as a solvent for paints and varnishes as it is easily dissolvable compared to ethanol. Hence, methanol and its derivates are extensively used while producing a range of building construction-related materials. Rapidly growing building constructions in developing and developed economies are increasing the demand for building construction-related materials. As per the National Bureau of Statistics of China, the country's real estate development witnessed 38.3% growth from January to April 2021 compared to the same months in 2020. The country's real estate industry estimated around 1 trillion investments in construction activities in 2021. Therefore, growing building construction activities regionally are bolstering the demand for methanol as it is widely used to manufacture various construction-related materials.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the growth of the Asia Pacific methanol market during the forecast period.

Asia Pacific Methanol Market Revenue and Forecast to 2028 (US$ Million)

This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

Asia Pacific Methanol Market Segmentation

The Asia Pacific methanol market is segmented on the basis of derivative and end-use industry. Based on derivative,the market is segmented into formaldehyde, acetic acid, methanol-to-olefins (MTO)/methanol-to-propylene (MTP), methyl tertiary-butyl ether (MTBE), methyl methacrylate (MMA), biodiesel (gasoline blending), dimethyl ether (DME), and others. Based on end-use industry, the Asia Pacific methanol market is segmented into automotive, construction, electronics, packaging, pharmaceuticals, paints and coatings, and other. By country, the market is segmented into Australia, China, India, Japan, South Korea, and the rest of APAC.

Asia Pacific Methanol Market Companies

Methanex Corporation, OCI N.V., BASF SE, SABIC, Mitsubishi Gas Chemical Co., HELM AG, Celanese Corporation, Zagros Petrochemical co., Mitsui and co. ltd., and LyondellBasell Industries Holdings B.V are among the leading companies in the Asia Pacific methanol market.

Asia Pacific Methanol Report Scope

Report Attribute	Details
Market size in 2021	US$ 17,738.87 Million
Market Size by 2028	US$ 27,073.72 Million
Global CAGR (2021 - 2028)	6.2%
Historical Data	2019-2020
Forecast period	2022-2028
Segments Covered	By Derivative Formaldehyde Acetic Acid Methanol-to-Olefins/Methanol-to-Propylene Methyl Tertiary-Butyl Ether Methyl Methacrylate Biodiesel Dimethyl Ether By End-Use Industry Automotive Construction Electronics Packaging Pharmaceuticals Paints and Coatings
Regions and Countries Covered	Asia-Pacific China India Japan Australia Rest of Asia-Pacific
Market leaders and key company profiles	Methanex Corporation OCI N.V. BASF SE SABIC Mitsubishi Gas Chemical Co. HELM AG Celanese Corporation Zagros Petrochemical co. Mitsui and co. ltd

Research Manager

Habi Ummer

Manager,
Market Research & Consulting

Habi is a seasoned Market Research Analyst with 8 years of experience specializing in the Chemicals and Materials sector, with additional expertise in the Food & Beverages and Consumer Goods industries. He is a Chemical Engineer from Vishwakarma Institute of Technology (VIT) and has developed deep domain knowledge across industrial and specialty chemicals, paints and coatings, paper and packaging, lubricants, and consumer products. Habi’s core competencies include market sizing and forecasting, competitive benchmarking, trend analysis, client engagement, report writing, and team coordination—making him adept at delivering actionable insights and supporting strategic decision-making.

What are the Asia Pacific Methanol Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

Asia Pacific Methanol Market Report Snapshots

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