Dimethyl Ether Market Overview -
Dimethyl Ether Market is projected to be worth USD 29 Billion by 2030, registering a CAGR of 18.35% during the forecast period (2021 - 2030), The market was valued at USD 8 billion in 2021. Dimethyl ether (DME) is an odorless gas produced directly from methanol and indirectly via natural gas. It is also known as methoxy methane. Preference of less noxious fumes has triggered the demand for DME. The global dimethyl ether market report compiled by Market Research Future (MRFR) contains insights and challenges for industry leaders in the period of 2021 to 2030 (forecast period).
The increasing demand for clean energy source is observed to boost the adoption of Dimethyl Ether Market growth DME solutions due to its less carbon footprint. Thus, DME is extensively utilized in rapidly progressive fields, such as; automotive motors, power generation, and domestic household. The pressure-sensitive liquification property of DME makes it easy to store and transport. The surge in DME production as a fuel can be attributed to DME acting as an LPG alternative and is gaining tractions as a transportation fuel for gas turbines and diesel engines. The increase in the utility of dimethyl ether as both a solvent and aerosol propellant in the paints and coatings industry, along with aforementioned factors are expected to favor the global dimethyl ether market across the study period.
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Dimethyl Ether Market - Prominent Players:-
Zagros Petrochemical Company (Iran),Oberon Fuels (US),Jiutai Energy Group (China),Grillo Werke AG (Germany),Ferrostal GmbH (Germany),Mitsubishi Corporation (Japan),China Energy Limited (Singapore),Royal Dutch Shell Plc. (The Netherlands)
The utilization of DME as a fuel in the transportation sector and an alternative for LPG can bode well for the market. It is also used as fuel in diesel engine and gas turbines. The expansion of oil gas and paints coatings sectors can act as catalysts for growth in the market. The utilization of DME as a solvent in the oil gas sector and its use as a fuel in efficient vehicles can pave open the avenues for the market. Various factors are adding to the dimethyl ether market share. Such factors, as revealed by the latest MRFR report, include the burgeoning demand from the automotive industry, emerging environmental concerns, increasing preference of consumers, the rapid transformation of the automobile market, and growing need for clean fuel. Additional factors propelling the market growth include higher growth of the oil and gas industry, increasing use as an aerosol propellant, increasing use in transportation and household fuel, and in manufacturing paints coatings.
On the contrary, inadequacy in the supply chain to cater to the demand may limit the dimethyl ether market growth over the forecast period.
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The Market Research Future Report provides an inclusive segmental analysis of the global dimethyl ether based on application and raw materials.
By raw materials, the dimethyl ether market is segmented into biomass, coal, natural gas, and others.
By application, the dimethyl ether market is segmented into liquefied natural gas (LPG) blending, aerosol propellant, transportation, and others. Of these, the liquefied natural gas (LPG) blending segment will have the largest share in the market over the forecast period.
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The dimethyl ether market in the Asia Pacific region is expected to rise at high CAGR owing to the rapid expansion of the paints and coatings sector. The increasing utility of DME as household fuel in the region, alongside rise in residential infrastructure, is expected to benefit the market through the analysis period. The existence high end-users of DME in APAC can prompt the market in the coming years.
In Europe, the dimethyl ether market is expected to garner decent revenue by 2023. Germany, the U.K, and Italy are identified as key contributors to the expansion of the DME market in EU. The surging demand for dimethyl ether in end use industries, such as; automotive, paints, and lacquer industries can contribute to the market rise. The existence of reputed players in EU is likely to add to the market rise.
In North America, the dimethyl ether market is expected to be spearheaded by the U.S. The rise in reconstruction activities and the rapid development of the chemicals industry are expected to promote the regional market. In the Middle East and Africa region, the dimethyl ether market is expected rise at considerable CAGR in the review tenure as the region is observed to have huge investment potential. The availability of growth opportunities in end use industries, such as; construction and transportation fuel, is anticipated to favor MEA market. Latin America is likely to garner decent market share of the global dimethyl ether market owing to the developing economic scenario and pacifying political in Colombia and Brazil.
June 2021- Oberon Fuels, manufacturer of clean-burning dimethyl ether transportation fuel, has started with the development of the first-ever renewable DME in the United States, which is the world’s only commercially produced dimethyl ether. Since rDME enables cost-effective storage and transportation of renewable hydrogen, this should be a major milestone for Oberon to bring down the emissions during transportation, while accelerating the creation of a hydrogen economy.
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