Dimethyl Ether Market expanding at a CAGR of 9.6% during the forecast period 2021 - 2031

Dimethyl Ether Market expanding at a CAGR of 9.6% during the forecast period 2021 - 2031

Dimethyl Ether Market: Introduction

Dimethyl ether is a colorless gas with a faint ethereal odor. It is shipped as a liquefied gas under its vapor pressure. Dimethyl ether is the simplest ether in the ether group. Dimethyl ether can either be derived from renewable materials such as biomass, municipal waste, and agricultural waste, or from fossil fuels such as coal and natural gas. Presently, a vast majority of commercial DME is derived from fossil fuels. LPG blending is one of the major application of dimethyl ether market across the globe.

The report estimates and forecasts the market on the global, regional, and country levels. The study provides forecast between 2021 and 2031 based on volume (kilo tons) and revenue (US$ Mn) with 2020 as the base year. The report provides a comprehensive view of the market. Value chain analysis also offers detailed information about value addition at each stage.

The study includes drivers and restraints for the dimethyl ether market along with their impact on demand during the forecast period. The study also provides key market indicators affecting the growth of the market. The report analyzes opportunities in the dimethyl ether market on the global and regional level. Drivers, restraints, and opportunities mentioned in the report are justified through quantitative and qualitative data. These have been verified through primary and secondary resources.

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Dimethyl Ether Market: Dynamics

Application-wise, the dimethyl ether market has been segmented into LPG blending, aerosol propellants, power plant fuel, chemical feedstock, transportation fuel, and others such as refrigerants and production processes that require heat. LPG blending was the most common use of DME, accounting for more than three-quarters of the overall demand in 2020. DME is being combined with LPG as a substitute fuel additive to improve combustion and reduce harmful emissions while lowering reliance on LPG. Roughly 15-25% of DME is used in DME-LPG blends. Countries such as India, China, and Indonesia are actively promoting the use of DME as an alternative fuel, as they are heavily reliant on imports to meet their domestic LPG consumption.

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Based on raw material, the global dimethyl ether market has been segmented into methanol, natural gas, coal, and others such as bio-based ingredients. The methanol segment accounted for over 90% of the overall demand in the dimethyl ether market in 2020. This high demand reflects the simplicity with which DME can be manufactured utilizing methanol as a raw material. Furthermore, producing DME from methanol is a low-cost and simple method. In 2020, coal held the second-largest share of the dimethyl ether market. The use of coal as a raw material in the production of DME causes pollution, and as a result, the segment is contracting. The production of DME from natural gas is an expensive process.

Dimethyl Ether Market: Prominent Regions

With Asia Pacific as a dominating region, the regional segmentation includes the current and forecast demand for dimethyl ether in North America, Europe, Asia Pacific, Latin America, and Middle East Africa (MEA). Additionally, the report comprises country-level analysis in terms of volume and revenue for various segments. Key countries such as the U.S., Canada, Germany, France, the U.K., Spain, Italy, India, China, Japan, South Africa, Mexico, and Brazil have been included in the study. Market segmentation includes demand for individual raw material in all the regions and countries.

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Dimethyl Ether Market: Key Players

The report covers detailed competitive outlook that includes market share and profiles of key players operating in the global market. Key players profiled in the report include Toyo Engineering Corporation, China Energy Ltd., and Guangdong JOVO Group Co. Ltd. Company profiles include attributes such as company overview, number of employees, brand overview, key competitors, business overview, business strategies, recent/key developments, acquisitions, and financial overview (wherever applicable).

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