USD 4.08 billion
Global Dimethyl Ether Market Size, Share, Growth Analysis, By Raw Material(Natural Gas, Coal), By Application(Transportation Fuel, Aerosol Propellant) - Industry Forecast 2024-2031
Report ID:
SQMIG15E2344 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
65 |
Figures:
73
Global Dimethyl Ether Market Insights
Dimethyl Ether Market size was valued at USD 4.08 billion in 2019 and is poised to grow from USD 4.46 billion in 2023 to USD 10.02 billion by 2031, growing at a CAGR of 9.4% in the forecast period (2024-2031).
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.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Natural Gas
Fastest Growth
Natural Gas
Growth Rate
9.4% CAGR
Global Dimethyl Ether Market, 2021-2028 ($ Bn)
Country Share for Asia Pacific Region- 2021 (%)
Global Dimethyl Ether Market Size By Raw Material , 2021-2028 ($ Bn)
Global Dimethyl Ether Market Size By Raw Material , 2021-2028 (%)
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Global Dimethyl Ether Market Segmental Analysis
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.
Global Dimethyl Ether Market By Raw Material , 2021(%), 2023 (%)
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Global Dimethyl Ether Market Regional Insights
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).
Global Dimethyl Ether Market By Geography, 2021 - 2028, 2024-2031
- Largest
- Fastest
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Global Dimethyl Ether Market Dynamics
Dimethyl Ether Market Driver
- The increased demand for the compound from the automotive industry has been recognized as one of the primary growth drivers in the dimethyl ether market. Consumer preferences, combined with rising environmental concerns, have created demand for less polluting and higher-quality gasoline in the vehicle sector. The growing use of ether is causing a rapid shift of the vehicle sector. For example, automobile makers are replacing diesel, gasoline, and LPG with ether since it is a cleaner fuel. The growing demand for a clean vehicle industry would assure the expansion of the dimethyl ether marker during the foreseeable period.
- Another element driving growth is the increasing demand for DME for better drilling and fracturing efficiency as well as enhanced oil recovery. For instance, to swell up oil and decrease its viscosity, DME is combined with brine and injected into the reservoir. This enables the extraction of leftover oil from mature fields.
Dimethyl Ether Market Restraint
- Gas handling equipment and the entire distribution system must be totally modified to meet industrial standards rather than home and commercial ones. This transition comes at a great cost to distributors and manufacturers. It prevents the use of higher volume dimethyl ether mixtures commercially. For mixtures of pure liquefied petroleum gas and dimethyl ether, work is now being done to develop a unified system of valves, gaskets, and cylinders.
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Global Dimethyl Ether Market Competitive Landscape
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
- Mitsubishi Corporation
- Oberon Fuels
- China Energy Limited
- Royal Dutch Shell PLC
- Akzo Nobel N.V.
- Ferrostal GmbH
- The Chemours Company
- Guangdong JOVO Group Co., Ltd.
- Grillo-Werke AG
Zagros Petrochemical Company - China Resources Gas Group Limited
- Guangzhou Zhujiang Industrial Co., Ltd.
- Clean Energy Fuels Corp.
- China National Petroleum Corporation
- Fuel DME Production Co., Ltd.
- Shenhua Ningxia Coal Industry Group Co., Ltd.
- Guangzhou Guangye Yunliu Energy Co., Ltd.
- Korea Gas Corporation
- Toyo Engineering Corporation
Guangdong Henghe Gas Co., Ltd.
Dimethyl Ether Market Recent Developments
- In July 2022, China’s largest coal-based ethanol project with an annual output of 500,000 tons was put into trial operation in Yulin City in northwestern Shaanxi Province. The project uses coal as raw material to produce ethanol and other chemical products, and it can convert 1.5 million tonnes of coal annually. Experts said three tonnes of grain can produce one tonne of ethanol, saving 1.5 million tonnes of bio-ethanol raw grain every year when in full service.
- In March 2022, InnoTech Alberta (InnoTech), a subsidiary of Alberta Innovates, is announcing its success in the Clean Resource Innovation Network (CRIN): Reducing Environmental Footprint Technology competition. Two projects will share $1.85 million – providing real-world solutions to address high-priority environmental challenges across the oil and gas industry.
Global Dimethyl Ether Key Market Trends
- For the use of LPG and dimethyl ether blends, the International Organization for Standardization (ISO) is anticipated to publish new, uniform standards and regulations. To date, the strict government regulations have limited the use of blended natural gas and have posed a significant barrier to the market's expansion.
Global Dimethyl Ether Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
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.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 4.08 billion |
| Market size value in 2031 | USD 10.02 billion |
| Growth Rate | 9.4% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Dimethyl Ether Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Dimethyl Ether Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
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.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Dimethyl Ether Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Dimethyl Ether Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Dimethyl Ether Market Report Snapshots
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