Dimethyl Ether (DME) Market Share Is Likely To Grow At A CAGR Value Of Around 10.2% By 2028

13-Apr-2022 | Facts and Factors

The Dimethyl Ether (DME) Market was worth around USD 4219.5 million in 2021 and is estimated to grow to about USD 7557.01 million by 2028, with a compound annual growth rate (CAGR) of approximately 10.2% over the forecast period. The report analyzes the digital remittance market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the digital remittance market.

Dimethyl ether (DME) is a colorless and odorless gas. It is also known as methoxy methane. It has a low boiling point and is generated from various raw materials such as natural gas, methanol, coal, and biomass. DME is a substitute for energy fuels, as it has no sulfur content, and it has a wide range of applications in various areas such as chemical and petrochemical industries as a solvent. The growing demand for dimethyl ether in LPG blending is one of the major factors driving the overall industry growth in the forecast period. LPG blending will boost market growth by allowing cleaner energy fuel to be delivered for domestic applications such as heating and cooking in remote areas.

Browse the full “Dimethyl Ether (DME) Market By Source (Natural Gas, Coal, and Bio-based Products), By Application (Propellants, LPG Blending, Fuel, and Other Applications.), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecast 2022 – 2028” report at https://www.fnfresearch.com/dimethyl-ether-market

The growing use of DME in the automotive industry with the growing sales of vehicles across the globe will boost the market growth in the forecast period. In addition, dimethyl ether is gaining popularity in the cosmetic industry as an aerosol propellant due to its low cost, odorless nature, high stability & purity, extensive range of boiling points, low toxicity, and wide vapor pressure range. As a diesel alternative, dimethyl ether offers several advantages, including low exhaust emissions, low engine noise, high fuel economy, better thermal efficiency, and better ignition characteristics than diesel, among others, making it a viable transportation fuel in the coming years. The additional benefits and rising government policies imposed on high emission vehicles will boost the dimethyl ether market in the future. The growing prices of oil and propane & butane have led to the growing demand for such alternative fuels as they possess equivalent properties and are cost-efficient.

The Dimethyl Ether (DME) Market is segregated based on Source, and Application. Based on Source, the global market is distinguished into Natural Gas, Coal, and Bio-based Products. Based on Application, the global market is distinguished into Propellants, LPG Blending, Fuel, and Other Applications.

The Asia Pacific dimethyl ether market held the largest share of the market and is expected to maintain its dominance during the forecast period due to the growing demand for dimethyl ether in LPG blending. China is the largest consumer of DME with the highest production capacity around the globe due to its rapid increase in population The rising production and consumption of LPG across the region are likely to propel the market for dimethyl ether in the region.

The Europe dimethyl ether market is expected to witness considerable growth. The growth is attributable to the need to replace conventional fuels, such as diesel, which is due to stringent regulations imposed on high-emission fuels in Europe. The European Commission, for example, has adopted emission regulations as part of the EU framework for light- and heavy-duty vehicle approval. To achieve sustainable mobility in Europe, regulatory agencies are supporting the use of cleaner transportation fuels, driving the DME market in the region.

Report Scope

Key players functioning in the Dimethyl Ether (DME) Market include- Air Products Inc., DME-AEROSOL, Grillo Werke AG, Jiutai Energy Group, KOREA GAS CORPO, RATION, Mitsubishi Corporation, Nouryon, Oberon Fuels, Royal Dutch Shell PLC, The Chemours Company, Zagros Petrochemical Company.

Recent developments:

• In 2021, Oberon Fuels Starts Renewable Dimethyl Ether (rDME) Production on a Commercial Scale. Oberon is converting waste methanol into rDME at its upgraded facility in Brawley, Calif., as part of a $6 million project funded in part by a grant from the California Energy Commission. This is the first time that this feedstock has been used to produce rDME on a large scale.
• In 2021, Mitsubishi Gas Chemical Company (MGC), Mitsubishi Corporation (MC), and Mitsubishi Heavy Industries Engineering (MHIENG) partnered with the National Gas Company of Trinidad and Tobago (NGC) and Massy Holdings (Massy), as a joint venture in the Republic of Trinidad and Tobago, Caribbean Gas Chemical Limited (CGCL), to launch commercial operations of a methanol and dimethyl ether (DME) plant. 

The dimethyl ether (DME) Market is segmented as follows:

By Source

• Natural Gas
• Coal
• Bio-based Products

By Application

• Propellants
• LPG Blending
• Fuel
• Other Applications

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic countries
    • Denmark
    • Finland
    • Iceland
    • Sweden
    • Norway
  • Benelux Reunion
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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