Dimethyl Ether: By Raw Material (Coal, Natural Gas and Methanol), By Application (Aerosol Propellants, LPG Blending, Transportation Fuel, Power Plant Fuel, Chemical Feedstock), And Region - Global Analysis of Market Size, Share & Trends For 2019-2020 And Forecasts To 2031
Dimethyl Ether Market to surpass USD 22.7 billion by 2031 from USD 7.1 billion in 2021 at a CAGR of 12.2% in the coming years, i.e., 2021-31.
Dimethyl ether (DME) is a chemical molecule that is also known as methoxymethane. At normal temperature and pressure, it is a colorless and odorless gas with a faint ether-like aroma. The utilization of liquidized DME to the extraction method has many favorable circumstances and has big potential market competitiveness due to a certain special property, such as its strong ability to extract phenolic substances and water, higher removal rate, low production temperature, and power consumption, environmental protection, safety, and good compressibility. With a molecular formula of CH3OCH3, it is the most basic ether. Dimethyl ether is a renewable energy source coal and natural gas such petroleum residue, coals bed methane, natural gas, and coal.
Dimethyl Ether Market is expected to project a notable CAGR of 12.2% in 2031.
Due to its better burning in compressed engines, DME is gaining traction as a diesel-alternative transportation fuel. It's cleaner, has propane-like properties, and could eventually replace diesel in heavy-duty vehicles. During the projection period, steady growth in the sale of large vehicles and vehicles would boost the total dimethyl ether market growth.
Methanol segment to grow with the highest CAGR during 2021-31
Global Dimethyl Ether market is classified on the basis of raw material into Coal, Natural Gas and Methanol. Methanol segment is expected to be the largest market during the forecast period Due to the considerable accessibility of Methanol, which can be used to manufacture DME. DME is also utilised in a variety of industrial applications, including aerosol sprays, LPG mixing, transportation fuel, and blowing agents in insulating panels and refrigerants, fuel in cutting and welding, and as a solvent extraction agent. Furthermore, the easy production of natural gas as a consequence of technological advancements due to large Expenditures in the oil and gas sector would help the fuel dimethyl ether market achieve promising increases by 2031.
LPG blending segment to grow with the highest CAGR during 2021-31
Global Dimethyl Ether market is classified on the basis of application into Aerosol Propellants, LPG Blending, Transportation Fuel, Power Plant Fuel, Chemical Feedstock. LPG blending segment is expected to be the largest market during the forecast period. The use of liquefied petroleum gas (LPG) in domestic cooking and heating has been a significant source of harmful environmental pollutants. Mixing LPG with DME, that is applied to a volume fraction of 15 to 20% and is a feasible option to add value to Compressed natural gas used for home purposes, can help to minimize this.
Growing demand for blending DME and LPG
Aerosol, propellant, chemicals feedstock conveyance, fuel, and refrigerant are just a few of the applications for DME. Liquid petroleum gas (LPG) mixing has become a popular use in recent years. A scarcity of LPG is a real threat. Along with its nontoxicity, high cetane number, and superior flammability, it can also be used as a replacement for LPG. DME can be produced using a variety of raw sources, such as methanol, wood, and syngas, enabling for increasing output and demand. In China, LPG is mixed with the product and used for dining and other home and industrial purposes. DME can also be used for heating and cooking in the same way that LPG can. The ultra-clean fuel's likeness to LPG & ease of manufacture from multiple feedstocks present several opportunities for its introduction into new markets throughout the world as an LPG replacement.
Increasing Booming Automotive Sector Demands Creates Revenue Streams
In hybrid automobiles, dimethyl ether is becoming increasingly popular. The global dimethyl ether market is expected to develop as a result. Several automakers throughout the world are seeking for alternative to crossover vehicles, resulting in a surge in demand for diesel and bio-diesel. The requirement for dimethyl ether to generate biofuels will rise as attempts to fulfill energy demands from sustainable sources obtain government support. As a result, the biofuels industry is projected to benefit major players in the worldwide dimethyl ether market.
The market growth can be hampered by regulations and standards.
International recommendations for the usage of DME are planned to be issued by the International Standards organization. Companies involved in the manufacturing, mixing, and marketing of the product in China are conducting scientific study in partnership with producers of valves, seals, and cylinders in order to get closer to a single model for LPG and blends. Formal legislation governing the quantity, storage, and amounts of this substance that could be used in such blends is a necessary next step for market expansion and the creation of globally accepted safety and handling practices.
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Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
The Worldwide Dimethyl Ether (DME) Industry is divided into four regions based on regional analysis: Latin America, Europe, Pacific Region, and the Rest of the World. The largest market share is predicted to come from North America. This is due to the rising use of DME in marine fleets, school buses, and other means of transportation for LPG mixing. Propane's widespread use in the area is expected to fuel the market's growth. Due to the affordable availability of raw materials, Asia Pacific dominates the global dimethyl ether market. Inside the dimethyl ether market.
Following the crisis year of 2020, the global introduction of the new coronavirus outbreak had an impact on the dimethyl ether overall market growth potential for the projected period of 2021-2030. Because the rate of outbreak and infection transmission was so high, the market needed to implement severe laws and consequences that would restrict social meetings and, as a result, lower the virus's positive rate.
Dimethyl Ether Segments:
By Raw Material
Market size value in 2021
USD 7.1 billion
Revenue Forecast in 2031
USD 22.7 billion
CAGR of 12.2% from 2021 to 2031
Base year for estimation
Revenue in USD billion and CAGR from 2021 to 2031
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Raw material, Application and Region
North America, Europe, Asia-Pacific, Latin America and Middle East and Africa
Key companies profiled
China Energy Limited, Praxair, Inc, Guangdong JOVO Group Co., Ltd, Royal Dutch Shell plc, DME-AEROSOL, Grillo Werke AG, Jiutai Energy Group, Korea Gas Corporation and Other Prominent Players.
The dimethyl ether market is expected to grow at a CAGR of 12.2%, with a market value of around USD 7.1 billion in 2021.
In spark ignition diesel engines, dimethyl ether (DME), commonly termed as methoxy methane, is utilised as a fuel alternative. It's a clean-burning, non-toxic fuel with such a high cetane rating. The dimethyl ether industry has been dominated by rising automobile demand. As a result, a growing number of companies and automakers are choosing higher-quality fuel for their cars. As a result, new opportunities for growth will emerge.
Dimethyl Ether share of the market was held by the Methanol and LPG Blended segments.
The prominent firms functioning in the Dimethyl Ether Market are China Energy Limited, Praxair, Inc, Guangdong JOVO Group Co., Ltd, Royal Dutch Shell plc, DME-AEROSOL, Grillo Werke AG, Jiutai Energy Group, Korea Gas Corporation.
Demand for blending DME and LPG and Increasing Booming Automotive Sector are the major factors driving the growth of Dimethyl Ether market.
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