According to the latest report by IMARC Group, titled “Dimethyl Ether Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the global dimethyl ether (DME) market. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global dimethyl ether (DME) market size reached US$ 5.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 9.7 Billion by 2027, exhibiting a growth rate (CAGR) of 9.77% during 2022-2027. Dimethyl ether (DME), also known as methoxy methane, refers to the colorless and odorless organic compound that is widely utilized as a substitute for energy fuels in various compression ignition diesel engines. It is manufactured by converting natural gas, organic waste, or biomass into synthesis gas, or syngas, through the gasification process. Dimethyl ether is extensively used as a raw material in the manufacturing of numerous chemical products and to replace transportation fuels, propane, and power plant fuels in liquified petroleum gas (LPG).
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Dimethyl Ether Market Trends:
The growing consumer awareness towards the advantages of using cleaner sources of energy that have high ignition value and low levels of carbon emissions is primarily driving the dimethyl ether (DME) market. Additionally, the widespread product adoption as an aerosol propellant in the production of coatings, paints, pharmaceuticals, and numerous personal care products, including perfumes and hair sprays, is further catalyzing the market growth. Besides this, the increasing utilization of dimethyl ether for enhancing oil recovery along with improving the efficiency of several fracturing processes is acting as another significant growth-inducing factor. Moreover, the launch of various favorable policies by government bodies to promote the product usage in LPG blending, owing to its low levels of nitrogen oxide emissions, is anticipated to fuel the dimethyl ether (DME) market over the forecasted period.
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Key Market Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Akzo Nobel N.V.
- Belle Chemical LLC (Cornerstone Chemical Company)
- Chinese Energy Holdings Limited
- ENN Energy Holdings Limited
- Grillo-Werke AG
- Korea Gas Corp
- Mitsubishi Corporation
- Oberon Fuels
- Royal Dutch Shell PLC
- The Chemours Company
- Zagros Petrochemical Company
Breakup by Raw Material:
- Methanol
- Coal
- Natural Gas
- Bio-Based
- Others
Breakup by Application:
- Fuel
- Aerosol Propellent
- LPG Blending
- Chemical Feedstock
- Others
Breakup by End-Use Industry:
- Oil and Gas
- Automotive
- Power Generation
- Cosmetics
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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