Dimethyl Ether (DME) Market Research Report- Forecast to 2030

Dimethyl Ether Market Global Research Report by Raw Materials (Natural Gas, Coal, Biomass, and Others), by Application (Transportation Fuel, Aerosol Propellant, LPG Blending, and Others), by Region till 2030

ID: MRFR/CnM/0303-CR | February 2021 | Region: Global | 140 pages

Dimethyl Ether Market

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.

Segmentation

By Raw Materials Natural Gas Coal Biomass Others
By Application Transportation Fuel Aerosol Propellant LPG Blending Others

Key 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)

Drivers

  • The ever-rising demand for the automobile in the current scenario.
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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 is known as DME has another name that is methoxy methane. This is an odorless and colorless gas. The boiling point for the gas is low and the gas is generated from a series of raw materials like coal, biomass, methanol, and natural gas.


COVID 19 Analysis


The global emergence of the novel coronavirus pandemic has had its effect on the growth potential of the dimethyl ether market share for the forecast period of 2021-2030 that followed the pandemic year of 2020. Since the rate of pandemic and infection spread was high, there was a dire need for the market to impose strict regulations and implications that would limit social gatherings and hence, bring down the positivity rate of the virus.


However, to help increase the dimethyl ether market revenue during the ongoing forecast period of 2021-2030, the government authorities and global players of the market have been increasing their investment for the development of various products and services that will help in portfolio enhancement and enhancing the chances of both the regional and international market to grow at an excellent rate while conducting the global market operations by the end of the forecast period in 2030.


List of Key Players in the Dimethyl Ether Market


The most prominent major key players in the dimethyl ether market all across the globe are mentioned below:



  • 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)


These major key players adopt various strategies to endure their market position in the dimethyl ether market in the global market by going for mergers, and acquisitions, by collaborating, setting up a new joint venture, establishing a partnership, developing a new product line, innovation in the existing product, developing a unique production process, and many others to expand their customer base in the untapped market of the dimethyl ether market all across the globe.


Market Dynamics


Drivers


The global growth for the dimethyl ether market size is a result of various factors acting as drivers for the market during the forecast period that will be ending in 2028. There are multiple sources to carry out production that suit the needs of users that belong to a huge variety of applications, segments, and industries.


Restraints


But, one major factor that might restrain the market from increasing its revenue during the forecast period of 2021-2028 is the high cost associated with production followed by a constant source to spread fruitful and qualitative awareness amongst the target audience regarding the functions and market services.


Technology Analysis


The global market is witnessing an increase in the number of opportunities that will help in the global market growth. The report talks about the creation of various market opportunities that is a result of the splendid performance undertaken by the transportation and power segment that has a major role to play in minimizing the risks related to environmental pollution. Also, there is an inadequacy that prevails amongst the production units of various countries and the market is investing in the development sectors to match the same. This is an undeniable fact that it has positive attributes in store for the market.


Study Objectives



  • The report aims to discuss the impact of the arrival of the pandemic on the dimethyl ether market size during the forecast period that will be ending in 2028. The report further discusses the factors that might have an impact on the final market valuation during the period followed by the dynamics in the form of drivers, restraints, and opportunities available that will both make and break it for the market.

  • The report helps to have a deep market analysis of the market functioning followed by the basis of the global market segmentation. The report also discusses the potential of the segments to meet the rising market demand and increase the market revenue.

  • The report also helps in drawing a competitive market graph by considering the recent developments undertaken by the prominent market players to meet the vibrant needs of the target audience during the forecast period that will be ending in 2028. 


Market Segmentation


The dimethyl ether market has been divided all across the globe based on the raw materials, applications, and region.


Based on the Raw Materials


The market has been divided all across the globe based on the raw materials into natural gas and coal. The largest market share in the global market is held by the natural gas dividend as this is the primary factor.


Based on the Applications


The market has been divided all across the globe based on the applications into aerosol, LPG blending, and propellants, and various others. The largest market share in the global market is held by the LPG blending dividend as the use of this type of dividend produces less amount of harmful emissions. However, the usage of propellants is also expected to grow during the review period as it is cost-effective.


Based on the Region


The market has been divided worldwide based on the region into the North American region, Asia-Pacific region, European region, Latin American region, and the Middle East and African region.


Regional Analysis


The dimethyl ether market has been divided all across the region based on the region into North American region, Asia-Pacific region, European region, Latin American region, and the Middle East and African region. The largest market share in the global market is held by the North American region owing to the presence of countries like the US, Canada, and Mexico that has a huge automobile sector and hence drives the market demand in this region. Moreover increasing investment in various power generation projects creates more market demand. The presence of various major key players also drives the market demand in this region.


The second-largest market share in the global market is held by the European region owing to the presence of a well-established technologically advanced infrastructure that requires more power generation and hence creates more growth opportunities in this region. Moreover, increasing investment coupled with increased expenditure in the automobile sector drives the market demand in this region.


Being the fastest-emerging region, the third-largest market share in the global market is held by the Asia-Pacific region owing to the presence of countries like South Korea, Japan, China, and India which are regarded as the main junction of the automobile industry and hence drives the market demand in this region. Moreover, increasing urbanization is another factor that creates more market demand.


The Latin American region and the Middle East and African region show the least market share due to the presence of low infrastructure in both these regions. Low per capita income is another contributing factor that restricts the market growth in these regions.


Recent Developments


June 2021-SHV Energy, a reputed distributor of LNG and LPG, along with UGI International, in a joint venture, will be accelerating the production as well as utilization of renewable dimethyl ether (rDME), which is a sustainable low-carbon liquid gas. The companies are expecting development of at least six manufacturing units over a period of five years, with the target to be a total of 300 kilotons/year production capacity of rDME by the year 2027.

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.
Oberon is using waste methanol to turn it into rDME at its production unit in Brawley, Calif. This will be the first-time waste methanol will be utilized to produce rDME at a commercial level.

Zagros Petrochemical Company (Iran) is spending a considerable sum of money on research and development to get an upper edge over its competitors. This will help the company on enhancing its sales revenue.


The most prominent major key players are highly investing in mergers and acquisitions, joint ventures, and new products.


The largest market share in the global market is held by the North American region owing to the presence of countries like the US, Canada, and Mexico that has a huge automobile sector and hence drives the market demand in this region.


Being the fastest-emerging region, the third-largest market share in the global market is held by the Asia-Pacific region owing to the presence of countries like South Korea, Japan, China, and India which are regarded as the main junction of the automobile industry and hence drives the market demand in this region.


Report Overview


This global dimethyl ether market research report includes the following components mentioned below:



  • Market Overview

  • COVID 19 Analysis

  • Market Dynamics

  • Technical Analysis

  • Market Segmentation

  • Regional Analysis

  • Competitive Landscape

  • Recent Developments


This global market research report contains characteristics that drive the growth of the dimethyl ether market in the global market and the factors that restrict its growth in the global market. The technical analysis in the global market during the forecasted period is mentioned. The impact of the COVID 19 on the dimethyl ether market in the global market is mentioned. The future growth rate in the dimethyl ether market during the review period is estimated and mentioned.



Report Scope:
Report Attribute/Metric Details
  Market Size   2030: USD 10.26 Million
  CAGR   10%.(2022-2030)
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Raw Materials, By Application, By Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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.) Zagros Petrochemical Company (Iran).
  Key Market Opportunities   Many organizations and car manufacturers, nowadays, tend to use enhanced quality fuel on their cars.
  Key Market Drivers   The ever-rising demand for the automobile in the current scenario.


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Frequently Asked Questions (FAQ) :

The dimethyl ether market is anticipated to grow at a higher CAGR of 10% in the global market during the forecasted period.

The most prominent major vital players are Jiutai Energy Group (China), China Energy Limited (Singapore), Ferrostal GmbH (Germany), and various others.

The largest market share in the dimethyl ether market all across the globe is held by the North American region