Dimethyl Ether (DME) Market by Raw Material (Methanol, Bio-Based Feedstock, Coal, and Natural Gas) and by Application (LPG Blending, Aerosol Propellant, Transportation Fuel, Chemical Feedstock, Power Plant Fuel, and Other Applications): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2024

Global dimethyl ether (DME) market expected to reach USD 9,100 million in 2024, growing at a CAGR of 9.6% between 2018 and 2024. Dimethyl ether (DME) is an odorless, colorless, slightly narcotic, non-hazardous, highly inflammable gas at ambient conditions. It is also known as methoxymethane or wood ether or dimethyl oxide.

06-Sep-2018 | Number of pages: 110 | Report Code: ZMR-1368 | Report Format : | Status : Published

Analysis

Dimethyl ether (CH3OCH3) is a clean and cost-effective substitute fuel which can be formed from natural gas through synthesis gas. Dimethyl ether (DME) is an organic compound mainly used as an aerosol propellant and as a reagent. 
 
The growing demand for oil and gas from emerging economies fuels the market growth during the forecast period. Dimethyl ether (DME) is used as an effective substitute for conservative fossil fuel. It is one of the main key driving factors that are boosting the growth of the dimethyl ether (DME) market. Increasing demand from consumers coupled with rising environmental concerns is likely to propel the overall dimethyl ether (DME) market. DME is not compatible with the fuel delivery system and conventional fuel injection thus hampering the dimethyl ether (DME) market growth. Furthermore, preference to the bio-based dimethyl ether (DME) has formed additional growth opportunities for the industry participant.

Global Dimethyl Ether (DME) Market

The global dimethyl ether market has been segmented on the basis of raw material, application, and region. On the basis of raw material, the dimethyl ether market is classified into methanol, bio-based feedstock, coal, and natural gas. The bio-based feedstock is the most dominant segment and it accounted for a major market share in 2017. The bio-based feedstock is used more in the transportation fuel applications as DME can replace diesel. In terms of value, bio-based feedstock is expected to grow at the highest CAGR within the forecast period owing to increasing environmental concerns.

On the basis of various applications, the global dimethyl ether market is mainly segmented into LPG blending, aerosol propellant, transportation fuel, chemical feedstock, power plant fuel, and other applications. In 2017, LPG blending was the leading application segment followed by aerosol propellant application of global dimethyl ether market. Although, a key concern among different nations is a shortage of LPG owing to fewer gas reserves. Also, these countries have limited option for substitute of LPG with natural gas. To reduce the LPG imports, dimethyl ether (DME) has appeared as the reliable source in the market. 
 
In terms of region, the dimethyl ether market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2017, Asia Pacific is estimated to be the largest market for dimethyl ether. This growth is mainly attributed to the rising demand for dimethyl ether from various countries such as China, Japan, India, South Korea, and Indonesia. Moreover, China is predicted to be the fastest growing market for dimethyl ether within the forecast period owing to the increasing demand for power and transportation industries activities in the region. The Asia Pacific was followed by North America and Europe in the same year. The market growth rate in North America and Europe is expected to stay higher over the years to come. 

The major players of the global dimethyl ether market are Akzo Nobel N.V., The Chemours Company, Mitsubishi Corporation, Grillo-Werke AG, Oberon Fuels, Royal Dutch Shell Plc., China Energy Limited, Ferrostal GmbH, Jiutai Energy Group, and Zagros Petrochemical Company, among others.


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