The international Dimethyl ether market is expected to reach the mark of USD 10.26 billion during the forecast period of 2027. In the same period, it will show a substantial CAGR growth of 10%. However, the development of the same might get amplified or decreased considering the current situation of the world.
Dimethyl ether, industrially known as DME or methoxy methane, is, in essence, a colorless and odorless gas particle. It can be produced through natural gas in an indirect manner or directly from the methanol component. The boiling point of the same is quite low. Thus, it can be used as an ideal substitution for energy fuels.
DME, or Dimethyl ether, is generally used in the automotive industry. Owing to the sudden emergence of the vehicle market, the growth of the global Dimethyl ether (DME) market has been substantial until now. However, according to the market specialists, the demand for automobiles will increase even more during the forecast period. Thus, we can expect the market to grow at a higher rate as well.
The unpredicted uprising of the COVID-19 pandemic had, indeed, imbued the global market with massive financial trauma. However, it did not affect the Dimethyl ether market growth at all. Instead, owing to the course of “social distancing”, a huge section of the global population attempted to obtain their own vehicle. Hence, in a way, the growth of the market increased even more.
However, due to the financial fallout, many people had also restrained themselves from buying a vehicle as well. Due to this reason, the market did take a small amount of hit as well. Nonetheless, it was not enough to subdue the propelling of the development of the Dimethyl ether market. As per the current situation, the growth might become even more substantial in the upcoming years as well.
The major growth factor of the Dimethyl ether market is the ever-rising demand for the automobile in the current scenario. However, most individuals, these days, have become more concerned about the environmental issues and, thus, are choosing the cleaner fuel.
Due to this reason, many organizations and car manufacturers, nowadays, tend to use enhanced quality fuel on their cars. Hence, the usage of diesel or petrol is going to reduce pretty massively in the upcoming year. This, in turn, can improve the overall growth of the market even more and offer more opportunities to evolve proficiently.
According to a Dimethyl ether market analysis, the primary restraint of the same is going to be the price of automobile-based fuel in the market. In the current scenario, the price of the same is already quite high. Therefore, it can be expected that in the upcoming future, it will increase even more. This might affect the overall pricing of the fuel and prompt the buyers to maintain a distance from buying it.
Due to the sudden emergence of COVID-19, the financial condition of the whole world broke down quite massively. Thus, if such an event occurs during the forecast period, then many people might try not to buy an automobile for their purpose. It, sequentially, can drop the normal growth rate of the same too.
There are several things, which might prevent the substantial growth of the Dimethyl ether (DME) market. However, according to reports, it will still reach the mark of USD 10.26 billion with a CAGR rating of around 10%. So, it will be a decent option for the investors to invest in this market to earn long-term revenue.
Value Chain Analysis
Having meticulous know-how about the Dimethyl ether market overview is imperative to learn more about its impending growth. The uprising of the same would depend on the pricing of the fuel in the automobile market. So, if it experiences a sudden hike, then it will be somewhat intricate for the DME market to grow at a rapid pace. Nonetheless, the sudden emergence of the budding car-owners can, indeed, make the development of the same much more streamlined and exponential.
The Dimethyl ether (DME) market can be segmented into two different categories. These are –
By the type of raw materials, the DME market can be further segmented into two different classes – coal and natural gas. An ever-abundant availability of natural gas in the world is considered to be the primary factor, which is contributing to the growth of the sector.
It can be further utilized for widespread applications, such as propellants, LPG blending, aerosol, and many more. However, during the forecast period, the growth of the coal-based application will grow massively as well.
Among the segment of the application, the growth of LPG blending is going to be quite sublime to say the least. The prime reason behind its emergence would the increasing demand for the products, which reduce harmful emissions thoroughly while operating.
The segment of the aerosol is going to experience the lowest growth during the forecast period due to the massive production of harmful substances. However, the usage of propellants might grow during the same timeline due to its cost-effectiveness.
The regional segment or section for the Dimethyl ether (DME) market can be segmented into – South America, North America, Europe, Asia, and Middle East & Africa. Among these, the North American region is expected to showcase the highest amount of growth due to the increased usage of the automobile in the USA and Canada. In addition, the European continent might also depict a decent growth during the same period. However, the highest CAGR rating during this timeline will be showcased by Asia, owing to the ever-increasing number of car users in South Korea, India, Japan, China, and other Southern Asian countries.
The Akzo Nobel N.V. is considered to be the top player in the competitive landscape in the Dimethyl ether (DME) market. The Netherlands-based company offers its productive offerings at an affordable price. Moreover, they are quite popular due to their unparalleled experience and usage of innovation in the market as well.
Aside from it, the Chemours Company is also doing a decent job in the market. Like Akzo, they are, too, highly renowned in the same due to their exquisite, innovative ideas. However, their pricing strategy is a little bit over-the-top, which, in turn, might prevent their growth during the forecast period.
Aside from them, the list of the other top players of the market is –
The report depicts a thorough view of the current situation of the Dimethyl ether (DME) market and enlightens the reader about its potency in the future. It also shades light upon various factors, which are going to drive the market to grow even more and offer an excellent result. All the details available in the report have been accumulated from both primary and secondary sources to provide a transparent viewpoint on the market.
Frequently Asked Questions (FAQ) :
As per the current scenario, the Asian market seems to have the largest share in this particular segment. However, the increased usage of the automobile and the resurgence of the same will put the North American region in the first position. In addition to this, the European market will grow exponentially as well. Nevertheless, the Asian market might still hold the largest position in the DME segment until 2027.
There are several organizations, which are currently helping to propel the growth of the Dimethyl ether (DME) market. Amongst them, the most notable name is, indeed, the Akzo Nobel N.V. Aside from them, the other organizations, like Royal Dutch Shell Plc. (The Netherlands), China Energy Limited (Singapore), Mitsubishi Corporation (Japan), Ferrostal GmbH (Germany), Grillo Werke AG (Germany), Jiutai Energy Group (China), Oberon fuels (U.S.), and Zagros Petrochemical Company (Iran) are performing proficiently.
The CAGR rating of the same is going to be around 10% during the forecast period. However, if the whole situation is not adverse at all, then the percentage might increase even more in the timeline.
1 Report prologue
2 Global Dimethyl Ether Market: Introduction
2.2 Scope of the study
2.2.1 Research objective
2.3 Market structure
2.4. Market segmentation
3 Global Dimethyl Ether Market: Research Methodology
3.1 Research process
3.2 Primary research
3.3 Secondary research
3.4 Market size estimation
3.5 Forecast model
4 Global Dimethyl Ether Market: Market Dynamics
4.4 Mega trends
4.5 Macroeconomic indicators
4.6 Important pointers by industry experts
4.6.1 Fastest growing market
4.6.2 Growth prospects
5 Global Dimethyl Ether Market: Market factor analysis
5.1 Value chain analysis
5.2 Porters five forces
6 Global Dimethyl Ether Market: By Type
6.2 Market size (sub segments)
6.2.1 Natural Gas
6.2.4. Bio bases
7 Global Dimethyl Ether Market: By Applications
7.2 Market size (sub segments)
7.2.1 LPG blending
7.2.2 Aerosol Propellant
7.3.3 Transportation fuel
8 Global Dimethyl Ether Market, by Region
8.2.1 North America
8.2.2 Latin America
8.3.1 Western Europe
8.4. Eastern Europe
8.5.4 South Korea
8.5.5 Rest of Asia-Pacific
8.6. Middle east & Africa
9 Global Dimethyl Ether Market: Company landscape
9.2 Product launch/development
9.3 Partnerships and collaborations
9.5 Business expansion
10 Global Dimethyl Ether Market: Company profile
10.1 Aestar Co. Ltd.
10.1.1 Company overview
10.1.2 Product/business segment overview
10.1.3 Financial updates
10.1.4 Key developments
10.2 Akzo Nobel N.V.
10.2.1 Company overview
10.2.2 Product/business segment overview
10.2.3 Financial updates
10.2.4 Key developments
10.3 Arrtu Group
10.3.1 Company overview
10.3.2 Product/business segment overview
10.3.3 Financial updates
10.3.4 Key developments
10.4 China Energy Ltd
10.4.1 Company overview
10.4.2 Product/business segment overview
10.4.3 Financial updates
10.4.4 Key developments
10.5 DME Aerosol
10.5.1 Company overview
10.5.2 Product/business segment overview
10.5.3 Financial updates
10.5.4 Key developments
10.6 Ferrostaal GMBH
10.6.1 Company overview
10.6.2 Product/business segment overview
10.6.3 Financial updates
10.6.4 Key developments
10.7 Fuel DME Production Co. Ltd.
10.7.1 Company overview
10.7.2 Product/business segment overview
10.7.3 Financial updates
10.7.4 Key developments
10.8 Guanghui Energy Co. Ltd.
10.8.1 Company overview
10.8.2 Product/business segment overview
10.8.3 Financial updates
10.8.4 Key developments
10.9 Grillo-Werke AG
10.9.1 Company overview
10.9.2 Product/business segment overview
10.9.3 Financial updates
10.9.4 Key developments
10.10 Korea Gas Corporation (KOGAS)
10.10.1 Company overview
10.10.2 Product/business segment overview
10.10.3 Financial updates
10.10.4 Key developments