Dimethyl Ether (DME) Market Size, Share, And Growth Report 2032

Dimethyl Ether (DME) Market

Dimethyl Ether (DME) Market By Raw Material (Methanol, Bio-Based Feedstock, Coal, Natural Gas), By Application (LPG Blending, Aerosol Propellant, Transportation Fuel, Chemical Feedstock, Power Plant Fuel, Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2024–2032

Category: Chemical & Materials Report Format : PDF Pages: 110 Report Code: ZMR-1368 Published Date: Mar-2024 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 10.82 Billion USD 24.29 Billion 9.40% 2023

The global dimethyl ether (DME) market size was worth around USD 10.82 billion in 2023 and is predicted to grow to around USD 24.29 billion by 2032 with a compound annual growth rate (CAGR) of roughly 9.40% between 2024 and 2032.

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The report on the dimethyl ether (DME) market provides a comprehensive glance at the global and regional levels. The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue and volume. The study includes major driving forces and restraints for the dimethyl ether (DME) market along with the impact they have on the demand over the forecast period. Furthermore, the study also provides the major avenues of the global dimethyl ether (DME) market.

Dimethyl Ether (DME) Market: Overview

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. 

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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.

The global dimethyl ether (DME) market study also comprises a detailed value chain analysis for providing a comprehensive view of the market. Moreover, the study also includes Porter’s Five Forces model for dimethyl ether (DME), to understand the competitive landscape of the global market. The study includes a market attractiveness analysis of all the segments related to the market.

Dimethyl Ether (DME) Market: Segmentation

The study provides a significant view of the global dimethyl ether (DME) market by classifying it into raw material, application, and region segmentation. These segments have been estimated and forecasted with the future and past trends.

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 2023. 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 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 2023, 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. 

The regional segmentation includes the Middle East & Africa, Asia Pacific, Europe, Latin America, and North America. Furthermore, it is divided into major countries such as the U.S., the UK, Germany, France, China, Japan, India, and Brazil.

Dimethyl Ether (DME) Market: Report Scope

Report Attributes Report Details
Report Name Dimethyl Ether (DME) Market Research Report
Market Size in 2023 USD 10.82 Billion
Market Forecast in 2032 USD 24.29 Billion
Growth Rate CAGR of 9.40%
Number of Pages 110
Key Companies Covered 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, Zagros Petrochemical Company, and among others.
Segments Covered By Raw Material, By Application, And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Dimethyl Ether (DME) Market: Regional Analysis

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 2023, 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. 

Dimethyl Ether (DME) Market: Competitive Space

  • 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
  • Zagros Petrochemical Company
  • Among others

This report segments the global dimethyl ether (DME) market as follows:

By Raw Material

  • Methanol
  • Bio-Based Feedstock
  • Coal
  • Natural Gas

By Application

  • Aerosol Propellant
  • LPG Blending
  • Transportation Fuel
  • Power Plant Fuel
  • Chemical Feedstock
  • Other Applications

By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

Table Of Content

Methodology

FrequentlyAsked Questions

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. 

According to study, the global dimethyl ether (DME) market size was worth around USD 10.82 billion in 2023 and is predicted to grow to around USD 24.29 billion by 2032.

The CAGR value of dimethyl ether (DME) market is expected to be around 9.40% during 2024-2032.

Asia Pacific has been leading the global dimethyl ether (DME) market and is anticipated to continue on the dominant position in the years to come.

The global dimethyl ether (DME) market is led by players like 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, Zagros Petrochemical Company, and among others.

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