India Methanol Market (2025-2031) Outlook | Companies, Share, Value, Trends, Revenue, Industry, Growth, Forecast, Analysis & Size

Market Forecast By Feedstock (Natural Gas, Coal, Others), By Derivatives (Gasoline, MTO/MTP, Formaldehyde, Methyl Tertiary Butyl Ether (MTBE), Acetic Acid, Dimethyl Ether (DME), Methyl Methacrylate (MMA), Others), By Sub-Derivatives (Gasoline additives, Olefins, UF/PF resins, VAM, Polyacetals, MDI, PTA, Others), By End-Use Industry (Construction, Automotive, Electronics, Appliances, Paints & Coatings, Insulation, Pharmaceuticals, Others) And Competitive Landscape
Product Code: ETC082063 Publication Date: Aug 2023 Updated Date: Aug 2025 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

India Methanol Market Import Shipment Trend (2020-2024)

The India methanol market import shipment demonstrated strong expansion with a notable CAGR from 2020 to 2024. However, there was a slight slowdown in growth between 2023 and 2024. Overall, the market maintained positive momentum, despite a small dip in the growth rate towards the end of the period.

Graph Showing India methanol market Shipment Trend & Volume from 2020-2024

India Methanol Market Synopsis

Methanol is an important industrial chemical with a wide range of applications. It has multiple uses in the production of energy, solvents, plastics and other chemicals. Methanol demand in India is mainly driven by its usage to produce acetic acid, formaldehyde and Methyl tert-butyl ether (MTBE). The methanol market in India was valued at USD 816 million in 2025 and is expected to reach USD 1039 million by 2031 growing at a CAGR of around 4.3% With increased use of bioethanol as a substitute for gasoline fuel blend due to government support through tax incentives coupled with increasing awareness about environment protection among consumers; the market for methanol is anticipated to surge significantly over the comingyears.

Market Drivers

1) Growing Applications: Methanol has been gaining popularity for numerous industrial uses such as manufacturing of fuels/solvents/chemical intermediates/pharmaceuticals among others. This has driven up its demand in India significantly over the past few years. 2) Government Initiatives: Government initiatives like focus on renewable energy sources have increased the use of methanol in fuel applications across India thereby driving up the overall market growth rate further. 3) Technological Advancements: The introduction of new technologies such as steam reforming process for methanol production has led to reduced cost which makes it more attractive for consumers thus leading to higher adoption rates over other traditional methods.

Challenges of the Market

1) Availability Issues: There are limited number of suppliers offering methanol across India which leads to shortages and price fluctuations hindering overall industry growth rate significantly. 2) High Production Costs : Due to limited availability coupled with high cost associated with production process ,the overall profitability margins remain low making it difficult for players operating in this sector. 3) Environmental Regulations : Stringent environmental regulations imposed by government authorities regarding usage and disposal create additional burden on manufacturers thus decreasing their competitiveness.

Key Players in the Market

Major players operating in India methonol market includes Reliance Industries Limited(RIL), Gujarat Narmada Valley Fertilizers & Chemicals Ltd.(GNFC), India Oil Corporation Limited(IOCL), Hindustan Petroleum Corporation Limited (HPCL), Maharashtra Seamless Ltd., Chevron Phillips Chemical Company LLC among others

Key Highlights of the Report:

  • India Methanol Market Outlook
  • Market Size of India Methanol Market, 2024
  • Forecast of India Methanol Market, 2031
  • Historical Data and Forecast of India Methanol Revenues & Volume for the Period 2021-2031
  • India Methanol Market Trend Evolution
  • India Methanol Market Drivers and Challenges
  • India Methanol Price Trends
  • India Methanol Porter's Five Forces
  • India Methanol Industry Life Cycle
  • Historical Data and Forecast of India Methanol Market Revenues & Volume By Feedstock for the Period 2021-2031
  • Historical Data and Forecast of India Methanol Market Revenues & Volume By Natural Gas for the Period 2021-2031
  • Historical Data and Forecast of India Methanol Market Revenues & Volume By Coal for the Period 2021-2031
  • Historical Data and Forecast of India Methanol Market Revenues & Volume By Others for the Period 2021-2031
  • Historical Data and Forecast of India Methanol Market Revenues & Volume By Derivatives for the Period 2021-2031
  • Historical Data and Forecast of India Methanol Market Revenues & Volume By Gasoline for the Period 2021-2031
  • Historical Data and Forecast of India Methanol Market Revenues & Volume By MTO/MTP for the Period 2021-2031
  • Historical Data and Forecast of India Methanol Market Revenues & Volume By Formaldehyde for the Period 2021-2031
  • Historical Data and Forecast of India Methanol Market Revenues & Volume By Methyl Tertiary Butyl Ether (MTBE) for the Period 2021-2031
  • Historical Data and Forecast of India Methanol Market Revenues & Volume By Acetic Acid for the Period 2021-2031
  • Historical Data and Forecast of India Methanol Market Revenues & Volume By Dimethyl Ether (DME) for the Period 2021-2031
  • Historical Data and Forecast of India Methanol Market Revenues & Volume By Methyl Methacrylate (MMA) for the Period 2021-2031
  • Historical Data and Forecast of India Methanol Market Revenues & Volume By Others for the Period 2021-2031
  • Historical Data and Forecast of India Methanol Market Revenues & Volume By Sub-Derivatives for the Period 2021-2031
  • Historical Data and Forecast of India Methanol Market Revenues & Volume By Gasoline additives for the Period 2021-2031
  • Historical Data and Forecast of India Methanol Market Revenues & Volume By Olefins for the Period 2021-2031
  • Historical Data and Forecast of India Methanol Market Revenues & Volume By UF/PF resins for the Period 2021-2031
  • Historical Data and Forecast of India Methanol Market Revenues & Volume By VAM for the Period 2021-2031
  • Historical Data and Forecast of India Methanol Market Revenues & Volume By Polyacetals for the Period 2021-2031
  • Historical Data and Forecast of India Methanol Market Revenues & Volume By MDI for the Period 2021-2031
  • Historical Data and Forecast of India Methanol Market Revenues & Volume By PTA for the Period 2021-2031
  • Historical Data and Forecast of India Methanol Market Revenues & Volume By Others for the Period 2021-2031
  • Historical Data and Forecast of India Methanol Market Revenues & Volume By End-Use Industry for the Period 2021-2031
  • Historical Data and Forecast of India Methanol Market Revenues & Volume By Construction for the Period 2021-2031
  • Historical Data and Forecast of India Methanol Market Revenues & Volume By Automotive for the Period 2021-2031
  • Historical Data and Forecast of India Methanol Market Revenues & Volume By Electronics for the Period 2021-2031
  • Historical Data and Forecast of India Methanol Market Revenues & Volume By Appliances for the Period 2021-2031
  • Historical Data and Forecast of India Methanol Market Revenues & Volume By Paints & Coatings for the Period 2021-2031
  • Historical Data and Forecast of India Methanol Market Revenues & Volume By Insulation for the Period 2021-2031
  • Historical Data and Forecast of India Methanol Market Revenues & Volume By Pharmaceuticals for the Period 2021-2031
  • Historical Data and Forecast of India Methanol Market Revenues & Volume By Others for the Period 2021-2031
  • India Methanol Import Export Trade Statistics
  • Market Opportunity Assessment By Feedstock
  • Market Opportunity Assessment By Derivatives
  • Market Opportunity Assessment By Sub-Derivatives
  • Market Opportunity Assessment By End-Use Industry
  • India Methanol Top Companies Market Share
  • India Methanol Competitive Benchmarking By Technical and Operational Parameters
  • India Methanol Company Profiles
  • India Methanol Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

6Wresearch actively monitors the India Methanol Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the India Methanol Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 India Methanol Market Overview

3.1 India Country Macro Economic Indicators

3.2 India Methanol Market Revenues & Volume, 2021 & 2031F

3.3 India Methanol Market - Industry Life Cycle

3.4 India Methanol Market - Porter's Five Forces

3.5 India Methanol Market Revenues & Volume Share, By Feedstock, 2021 & 2031F

3.6 India Methanol Market Revenues & Volume Share, By Derivatives, 2021 & 2031F

3.7 India Methanol Market Revenues & Volume Share, By Sub-Derivatives, 2021 & 2031F

3.8 India Methanol Market Revenues & Volume Share, By End-Use Industry, 2021 & 2031F

4 India Methanol Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing demand for methanol in various industries such as automotive, construction, and electronics due to its versatility and eco-friendly nature.

4.2.2 Government initiatives promoting the use of methanol as a clean fuel and feedstock for various chemical products.

4.2.3 Growing investments in methanol production facilities and infrastructure development in India.

4.3 Market Restraints

4.3.1 Fluctuating prices of feedstock such as natural gas and coal, which are key raw materials for methanol production.

4.3.2 Regulatory challenges and environmental concerns related to the production and use of methanol.

4.3.3 Competition from alternative fuels and chemicals that may hinder the market growth of methanol in India.

5 India Methanol Market Trends

6 India Methanol Market, By Types

6.1 India Methanol Market, By Feedstock

6.1.1 Overview and Analysis

6.1.2 India Methanol Market Revenues & Volume, By Feedstock, 2021-2031F

6.1.3 India Methanol Market Revenues & Volume, By Natural Gas, 2021-2031F

6.1.4 India Methanol Market Revenues & Volume, By Coal, 2021-2031F

6.1.5 India Methanol Market Revenues & Volume, By Others, 2021-2031F

6.2 India Methanol Market, By Derivatives

6.2.1 Overview and Analysis

6.2.2 India Methanol Market Revenues & Volume, By Gasoline, 2021-2031F

6.2.3 India Methanol Market Revenues & Volume, By MTO/MTP, 2021-2031F

6.2.4 India Methanol Market Revenues & Volume, By Formaldehyde, 2021-2031F

6.2.5 India Methanol Market Revenues & Volume, By Methyl Tertiary Butyl Ether (MTBE), 2021-2031F

6.2.6 India Methanol Market Revenues & Volume, By Acetic Acid, 2021-2031F

6.2.7 India Methanol Market Revenues & Volume, By Dimethyl Ether (DME), 2021-2031F

6.2.8 India Methanol Market Revenues & Volume, By Others, 2021-2031F

6.2.9 India Methanol Market Revenues & Volume, By Others, 2021-2031F

6.3 India Methanol Market, By Sub-Derivatives

6.3.1 Overview and Analysis

6.3.2 India Methanol Market Revenues & Volume, By Gasoline additives, 2021-2031F

6.3.3 India Methanol Market Revenues & Volume, By Olefins, 2021-2031F

6.3.4 India Methanol Market Revenues & Volume, By UF/PF resins, 2021-2031F

6.3.5 India Methanol Market Revenues & Volume, By VAM, 2021-2031F

6.3.6 India Methanol Market Revenues & Volume, By Polyacetals, 2021-2031F

6.3.7 India Methanol Market Revenues & Volume, By MDI, 2021-2031F

6.3.8 India Methanol Market Revenues & Volume, By Others, 2021-2031F

6.3.9 India Methanol Market Revenues & Volume, By Others, 2021-2031F

6.4 India Methanol Market, By End-Use Industry

6.4.1 Overview and Analysis

6.4.2 India Methanol Market Revenues & Volume, By Construction, 2021-2031F

6.4.3 India Methanol Market Revenues & Volume, By Automotive, 2021-2031F

6.4.4 India Methanol Market Revenues & Volume, By Electronics, 2021-2031F

6.4.5 India Methanol Market Revenues & Volume, By Appliances, 2021-2031F

6.4.6 India Methanol Market Revenues & Volume, By Paints & Coatings, 2021-2031F

6.4.7 India Methanol Market Revenues & Volume, By Insulation, 2021-2031F

6.4.8 India Methanol Market Revenues & Volume, By Others, 2021-2031F

6.4.9 India Methanol Market Revenues & Volume, By Others, 2021-2031F

7 India Methanol Market Import-Export Trade Statistics

7.1 India Methanol Market Export to Major Countries

7.2 India Methanol Market Imports from Major Countries

8 India Methanol Market Key Performance Indicators

8.1 Methanol consumption in key industries such as automotive, construction, and electronics.

8.2 Number of government policies and initiatives supporting methanol production and usage.

8.3 Investments in methanol production capacity and infrastructure development in India.

8.4 Adoption rate of methanol-based products and technologies in the market.

8.5 Environmental impact assessments and compliance measures related to methanol production and usage.

9 India Methanol Market - Opportunity Assessment

9.1 India Methanol Market Opportunity Assessment, By Feedstock, 2021 & 2031F

9.2 India Methanol Market Opportunity Assessment, By Derivatives, 2021 & 2031F

9.3 India Methanol Market Opportunity Assessment, By Sub-Derivatives, 2021 & 2031F

9.4 India Methanol Market Opportunity Assessment, By End-Use Industry, 2021 & 2031F

10 India Methanol Market - Competitive Landscape

10.1 India Methanol Market Revenue Share, By Companies, 2024

10.2 India Methanol Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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