Asia’s Expanding Biomethanol Capacity Reshapes Global Methanol Market Dynamics

Methanol market size was $42.2 billion in 2025 and is projected to reach $68.4 billion by 2035, witnessing a CAGR of 4.2% during the forecast period (2026–2035). Developments in Asia, rather than Europe, are increasingly influencing the price of biomethanol.  Demand is moving east owing to lower production costs, growing certified supply chains, and advantageous FuelEU Maritime regulations that permit certified low-carbon fuels stored outside the EU to count toward compliance. Furthermore, Europe's limited domestic output and anti-dumping duties are maintaining its higher prices. 

Browse the full report description of “Metallurgical Coke Market Size, Share & Trends Analysis Report by Type (Coke Breeze, Nut Coke, Foundry Coke, Blast furnaces Coke, Others) by Quality (Low Ash, Medium Ash, High Ash) by Application (Steel & Iron Manufacturing, Foundries, Chemical Industry, Glass Manufacturing, Metal and Mining, and Others), Forecast Period (2026-2035)” at https://www.omrglobal.com/industry-reports/metallurgical-coke-market

Comparison of Biomethanol Market Dynamics: Asia vs Europe (2025)

Recent Developments

• In August 2025, Biofriends signed an initial agreement with South Korean biogas company Cheongmyeong to build the country's first commercial-scale biogas-based methanol plant. The plant is expected to produce 60,000-80,000 t/yr of biomethanol using 120,000Nm³ of domestically produced biogas generated from Biofriend's Gunsan biogas digester.

• In August 2025, The Deendayal Port Authority (DPA), Kandla, has issued a tender for the establishment of India’s first port-based bio-methanol production facility on an Engineering, Procurement and Construction (EPC) basis, marking a major step in the country’s maritime green energy transition. Planned with a capacity of 10 tonnes per day (TPD), or 3,500 tonnes per annum (TPA), the plant will use oxy-steam gasification technology to convert biomass into bio-methanol.

Market Coverage

• The market number available for – 2025-2035
• Base year- 2025
• Forecast period- 2026-2035
• Segment Covered-
  • Feedstock
  • Derivative Chemicals
  • Fuel
  • End-User Industry
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape - Methanex Corporation, SABIC, Zagros Petrochemical Co., Mitsubishi Gas Chemical Company, Inc., and Proman AG among others.

Key questions addressed by the report.

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Methanol Market Report Segment

By Feedstock

• Natural Gas
• Coal
• Biomass & Renewables

By Derivative Chemicals

• Formaldehyde
• Acetic Acid
• Methyl Methacrylate (MMA)
• Silicone
• Olefins

By Fuel

• Gasoline Blending/Substitute
• Diesel Blending/Substitute
• Bio-Diesel Production
• Methyl Tertiary Butyl Ether (MTBE)
• Dimethyl Ether (DME)

By End-User Industry

• Automotive
• Construction
• Marine
• Electronics & Appliances
• Chemicals
• Others (Packaging, Pharmaceuticals, Solvents)

Global Methanol Market Report Segment by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Russia
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Australia and New Zealand
• ASEAN Economies
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa

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