USD 4.08 billion
Report ID: SQMIG15E2344 | Region: Global | Published Date: April, 2023 | Pages: 157 | Tables: 65 | Figures: 73
Dimethyl Ether Market size was valued at USD 4.08 billion in 2021 and is poised to grow from USD 4.46 billion in 2022 to USD 10.02 billion by 2030, growing at a CAGR of 9.4% in the forecast period (2023-2030).
Dimethyl ether (DME) is a colorless and odorless gas. It has a low boiling point and is produced using a variety of raw materials including natural gas, methanol, coal, and biomass. DME is an alternative for energy sources since it contains no sulfur, and it has a wide range of applications as a solvent in numerous industries such as the chemical and petrochemical industries. One of the primary drivers driving the overall industry growth throughout the predicted period is the increasing demand for dimethyl ether in LPG blending. LPG blending will increase market growth by allowing cleaner energy fuel to be transported to remote places for home purposes such as heating and cooking.
US Dimethyl Ether Market is poised to grow at a sustainable CAGR for the next forcast year.
Global Market Size
USD 4.08 billion
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The Global Dimethyl Ether Market is segmented based on the Raw Material, Application, and region. Based on the Raw Material, the Global Dimethyl Ether Market is segmented as natural gas, coal, methanol, and other. Based on Application, the Global Dimethyl Ether Market is segmented as transportation fuel, aerosol propellant, LPG blending, and others. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Dimethyl Ether Market Analysis by Raw Material
Based on the Raw Material, the Dimethyl Ether market is bifurcated into Natural Gas, Coal, Methanol, and Other. In the coming years, the methanol segment is likely to account for a significant portion of the dimethyl ether market. This high demand reflects the ease with which DME may be produced using methanol as a raw ingredient. Furthermore, generating DME from methanol is a low-cost and straightforward process. The use of coal as a raw material in the production of DME generates pollution, and as a result, the segment's growth is hampered. DME manufacturing from natural gas is a costly process.
Dimethyl Ether Market Analysis by Application
Based on Application the Dimethyl Ether market is segmented into transportation fuel, aerosol propellant, LPG blending, and others, with the LPG blending sector expected to account for the majority of the worldwide dimethyl ether market. This can be attributed to some countries' increasing reliance on LPG imports, as well as the expanding use of dimethyl ether with LPG as an additive fuel to reduce hazardous emissions. For example, during the fiscal year 2019, India purchased more than 13 million metric tons of LPG, up from nearly 11 metric tons in 2018. Furthermore, the transportation segment is expected to expand the most throughout the projected period due to an increased emphasis on the use of dimethyl ether for transportation as a result of the eradication of particulate matter emissions.
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Asia Pacific is expected to control the Dimethyl Ether market share. This demand is predicated on the fact that these nations have access to cheap and easy access to raw materials in this region. China leads the dimethyl ether market in terms of profitability. Over the coming years, this region is anticipated to generate sizable profits due to the rise in the use of dimethyl ether in numerous applications, including transportation fuel, aerosol propellants, LPG blending, and others. Dimethyl ether is a superb substitute used as a fuel for energy, and it is anticipated to create profitable growth opportunities for the industry in the coming years. Due to strict environmental regulations imposed on the electricity and transportation sectors, it is anticipated that the market for dimethyl ether will experience significant expansion. The Pradhan Mantri Ujjwala Yojana program, which offers free LPG cooking gas connections to women from below-poverty-line families, will receive an additional 10 million LPG recipients during the fiscal year 2021–2022, according to the Indian government. This will increase demand for LPG across the country. This is anticipated to boost the dimethyl ether market throughout the forecast period (2022 to 2028).
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The Global Dimethyl Ether market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
Dimethyl Ether Market Top Player's Company Profiles
Dimethyl Ether Market Recent Developments
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According to our Global Dimethyl Ether Market Analysis, in terms of raw material, the methanol segment held the largest share and is estimated to maintain a similar trend over the forecast period as huge demand is a reflection of how easily DME can be made using methanol as a starting material. In terms of application, LPG blending accounted for a maximum market share followed by transportation fuel because of the greater focus on using dimethyl ether for transportation as a result of the elimination of particulate matter emissions.
|Market size value in 2021||USD 4.08 billion|
|Market size value in 2030||USD 10.02 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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For the Global Dimethyl Ether Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Dimethyl Ether Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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