Dimethyl Ether Market
Dimethyl Ether Market Forecasts to 2030 -- Global Analysis By Raw Material (Bio Based, Fossil Fuel Based and Other Raw Materials), Application, and By Geography
According to Stratistics MRC, the Global Dimethyl Ether Market is accounted for $5.7 billion in 2023 and is expected to reach $14.7 billion by 2030 growing at a CAGR of 14.4% during the forecast period. Dimethyl ether (DME) is a colorless gas with a faint ethereal odor. Chemically, it consists of two methyl groups attached to an oxygen atom. It's commonly used as an aerosol propellant, refrigerant, and as a clean-burning alternative fuel. DME is produced through the dehydration of methanol, a process that involves removing water molecules. It exhibits low toxicity and is biodegradable, making it environmentally friendly. DME's properties make it a versatile compound with potential applications in various industries seeking cleaner energy alternatives.
According to the National Bureau of Statistics of China, the cumulative value of liquefied petroleum gas production in the first ten months of 2022 accounted for 41,071 kilotons, compared to 40,009 kilotons during the same period in the previous year.
Market Dynamics:
Driver:
Energy security and diversification
DME offers a diversified energy source that can be produced from a wide range of feedstocks, including natural gas, coal, biomass, and renewable sources. This versatility reduces reliance on a single energy source, enhancing energy security by mitigating supply chain risks and vulnerabilities. Moreover, production from diverse feedstocks helps to diversify energy portfolios, which is driving this market further.
Restraint:
High cost
The conversion of natural gas or coal into DME requires specialized equipment and energy-intensive processes, which contribute to the overall production costs. Limited economies of scale result in higher production costs as infrastructure and operational expenses are distributed over a smaller output volume. In addition, the availability and accessibility of raw materials also impact the cost of the DME market.
Opportunity:
Technological advancements
Innovative technologies are continually being developed to enhance DME synthesis from various feedstocks, including natural gas, coal, biomass, and renewable sources. Processes like syngas fermentation and bio-methanol synthesis offer sustainable pathways to produce DME, aligning with global sustainability goals and reducing reliance on fossil fuels, driving its acceptance and adoption across various sectors.
Threat:
Limited consumer awareness
Compared to well-established fuels like gasoline and diesel, DME is still relatively unknown to the general public. The availability and accessibility of DME infrastructure, such as refueling stations or distribution networks, have been limited. Furthermore, without a well-developed infrastructure, consumers may be hesitant to invest in DME-powered vehicles or appliances, further contributing to the limited consumer awareness.
Covid-19 Impact
The COVID-19 pandemic has had several negative impacts on the Dimethyl Ether (DME) market, disrupting supply chains, reducing demand, and affecting investment decisions. The pandemic-induced economic slowdown led to decreased industrial activity and transportation, resulting in a decline in DME consumption across various sectors. Furthermore, delays in logistics and transportation further exacerbated supply chain challenges, leading to supply shortages and increased costs, thereby hampering this market.
The fossil fuel based segment is expected to be the largest during the forecast period
The fossil fuel based segment is estimated to hold the largest share because it serves as a promising alternative to traditional hydrocarbon fuels, particularly diesel. Originating from coal or natural gas, DME is produced by first turning these fossil fuels into syngas, which is a combination of hydrogen and carbon monoxide; subsequently, methanol is synthesized; and finally, the product is dehydrated to produce DME. Additionally, its clean-burning characteristics align with tightening emissions regulations, fostering its adoption in regions aiming to improve air quality, which is driving this segment’s expansion.
The LPG blending segment is expected to have the highest CAGR during the forecast period
The LPG blending segment is anticipated to have highest CAGR during the forecast period. LPG, primarily composed of propane and butane, is widely used for cooking, heating, and transportation. By blending DME with LPG, the resulting fuel gains enhanced combustion characteristics, including improved vaporization and combustion stability. Furthermore, this blending aligns with global efforts to transition towards cleaner and more sustainable energy sources, which thereby boosts this segment’s growth.
Region with largest share:
Asia Pacific commanded the largest market share during the extrapolated period. This region boasts significant industrialization, urbanization, and a burgeoning population, which has led to a rising demand for energy and fuel alternatives. Countries like China, Japan, and India are investing in DME production infrastructure and technology development to capitalize on its potential as a clean-burning fuel. In addition, initiatives promoting cleaner energy solutions, stringent emissions regulations, and the development of transportation infrastructure for alternative fuels are driving the adoption of DME in the region.
Region with highest CAGR:
Europe is expected to witness highest CAGR over the projection period, owing to various factors, including regulatory initiatives and an increasing focus on sustainable energy solutions. Key players such as Mitsubishi Corporation, Akzo Nobel N.V., and Korea Gas Corporation are increasingly embracing DME as a clean-burning alternative fuel, particularly in transportation and heating applications. Moreover, the evolving energy landscape, coupled with favorable regulatory frameworks and technological innovations, is fueling the growth of the DME market in the region.
Key players in the market
Some of the key players in the Dimethyl Ether Market include China Energy Limited, Akzo Nobel N.V., The Chemours Company, Jiutai Energy Group, Zagros Petrochemical Company, Oberon Fuels, Mitsubishi Corporation, Grillo Werke AG, Royal Dutch Shell PLC and Ferrostaal GmbH.
Key Developments:
In January 2024, Mitsubishi Corporation (MC) is pleased to announce that Isuzu Motors Ltd. (Isuzu) became a new signatory to an agreement previously reached by MC and four other interests to collaborate on digital transformations (DX) in regional public transportation.
In January 2024, Shell has reached an agreement to sell its Nigerian onshore subsidiary The Shell Petroleum Development Company of Nigeria Limited (SPDC) to Renaissance, a consortium of five companies comprising four exploration and production companies based in Nigeria and an international energy group.
Raw Materials Covered:
• Bio Based
• Fossil Fuel Based
• Other Raw Materials
Applications Covered:
• Industrial
• Aerosol Propellant
• LPG Blending
• Transportation Fuel
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Dimethyl Ether Market, By Raw Material
5.1 Introduction
5.2 Bio Based
5.3 Fossil Fuel Based
5.3.1 Natural Gas
5.3.2 Coal
5.3.3 Methanol
5.4 Other Raw Materials
6 Global Dimethyl Ether Market, By Application
6.1 Introduction
6.2 Industrial
6.3 Aerosol Propellant
6.4 LPG Blending
6.5 Transportation Fuel
7 Global Dimethyl Ether Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 Company Profiling
9.1 China Energy Limited
9.2 Akzo Nobel N.V.
9.3 The Chemours Company
9.4 Jiutai Energy Group
9.5 Zagros Petrochemical Company
9.6 Oberon Fuels
9.7 Mitsubishi Corporation
9.8 Grillo Werke AG
9.9 Royal Dutch Shell PLC
9.10 Ferrostaal GmbH
List of Tables
1 Global Dimethyl Ether Market Outlook, By Region (2021-2030) ($MN)
2 Global Dimethyl Ether Market Outlook, By Raw Material (2021-2030) ($MN)
3 Global Dimethyl Ether Market Outlook, By Bio Based (2021-2030) ($MN)
4 Global Dimethyl Ether Market Outlook, By Fossil Fuel Based (2021-2030) ($MN)
5 Global Dimethyl Ether Market Outlook, By Natural Gas (2021-2030) ($MN)
6 Global Dimethyl Ether Market Outlook, By Coal (2021-2030) ($MN)
7 Global Dimethyl Ether Market Outlook, By Methanol (2021-2030) ($MN)
8 Global Dimethyl Ether Market Outlook, By Other Raw Materials (2021-2030) ($MN)
9 Global Dimethyl Ether Market Outlook, By Application (2021-2030) ($MN)
10 Global Dimethyl Ether Market Outlook, By Industrial (2021-2030) ($MN)
11 Global Dimethyl Ether Market Outlook, By Aerosol Propellant (2021-2030) ($MN)
12 Global Dimethyl Ether Market Outlook, By LPG Blending (2021-2030) ($MN)
13 Global Dimethyl Ether Market Outlook, By Transportation Fuel (2021-2030) ($MN)
14 North America Dimethyl Ether Market Outlook, By Country (2021-2030) ($MN)
15 North America Dimethyl Ether Market Outlook, By Raw Material (2021-2030) ($MN)
16 North America Dimethyl Ether Market Outlook, By Bio Based (2021-2030) ($MN)
17 North America Dimethyl Ether Market Outlook, By Fossil Fuel Based (2021-2030) ($MN)
18 North America Dimethyl Ether Market Outlook, By Natural Gas (2021-2030) ($MN)
19 North America Dimethyl Ether Market Outlook, By Coal (2021-2030) ($MN)
20 North America Dimethyl Ether Market Outlook, By Methanol (2021-2030) ($MN)
21 North America Dimethyl Ether Market Outlook, By Other Raw Materials (2021-2030) ($MN)
22 North America Dimethyl Ether Market Outlook, By Application (2021-2030) ($MN)
23 North America Dimethyl Ether Market Outlook, By Industrial (2021-2030) ($MN)
24 North America Dimethyl Ether Market Outlook, By Aerosol Propellant (2021-2030) ($MN)
25 North America Dimethyl Ether Market Outlook, By LPG Blending (2021-2030) ($MN)
26 North America Dimethyl Ether Market Outlook, By Transportation Fuel (2021-2030) ($MN)
27 Europe Dimethyl Ether Market Outlook, By Country (2021-2030) ($MN)
28 Europe Dimethyl Ether Market Outlook, By Raw Material (2021-2030) ($MN)
29 Europe Dimethyl Ether Market Outlook, By Bio Based (2021-2030) ($MN)
30 Europe Dimethyl Ether Market Outlook, By Fossil Fuel Based (2021-2030) ($MN)
31 Europe Dimethyl Ether Market Outlook, By Natural Gas (2021-2030) ($MN)
32 Europe Dimethyl Ether Market Outlook, By Coal (2021-2030) ($MN)
33 Europe Dimethyl Ether Market Outlook, By Methanol (2021-2030) ($MN)
34 Europe Dimethyl Ether Market Outlook, By Other Raw Materials (2021-2030) ($MN)
35 Europe Dimethyl Ether Market Outlook, By Application (2021-2030) ($MN)
36 Europe Dimethyl Ether Market Outlook, By Industrial (2021-2030) ($MN)
37 Europe Dimethyl Ether Market Outlook, By Aerosol Propellant (2021-2030) ($MN)
38 Europe Dimethyl Ether Market Outlook, By LPG Blending (2021-2030) ($MN)
39 Europe Dimethyl Ether Market Outlook, By Transportation Fuel (2021-2030) ($MN)
40 Asia Pacific Dimethyl Ether Market Outlook, By Country (2021-2030) ($MN)
41 Asia Pacific Dimethyl Ether Market Outlook, By Raw Material (2021-2030) ($MN)
42 Asia Pacific Dimethyl Ether Market Outlook, By Bio Based (2021-2030) ($MN)
43 Asia Pacific Dimethyl Ether Market Outlook, By Fossil Fuel Based (2021-2030) ($MN)
44 Asia Pacific Dimethyl Ether Market Outlook, By Natural Gas (2021-2030) ($MN)
45 Asia Pacific Dimethyl Ether Market Outlook, By Coal (2021-2030) ($MN)
46 Asia Pacific Dimethyl Ether Market Outlook, By Methanol (2021-2030) ($MN)
47 Asia Pacific Dimethyl Ether Market Outlook, By Other Raw Materials (2021-2030) ($MN)
48 Asia Pacific Dimethyl Ether Market Outlook, By Application (2021-2030) ($MN)
49 Asia Pacific Dimethyl Ether Market Outlook, By Industrial (2021-2030) ($MN)
50 Asia Pacific Dimethyl Ether Market Outlook, By Aerosol Propellant (2021-2030) ($MN)
51 Asia Pacific Dimethyl Ether Market Outlook, By LPG Blending (2021-2030) ($MN)
52 Asia Pacific Dimethyl Ether Market Outlook, By Transportation Fuel (2021-2030) ($MN)
53 South America Dimethyl Ether Market Outlook, By Country (2021-2030) ($MN)
54 South America Dimethyl Ether Market Outlook, By Raw Material (2021-2030) ($MN)
55 South America Dimethyl Ether Market Outlook, By Bio Based (2021-2030) ($MN)
56 South America Dimethyl Ether Market Outlook, By Fossil Fuel Based (2021-2030) ($MN)
57 South America Dimethyl Ether Market Outlook, By Natural Gas (2021-2030) ($MN)
58 South America Dimethyl Ether Market Outlook, By Coal (2021-2030) ($MN)
59 South America Dimethyl Ether Market Outlook, By Methanol (2021-2030) ($MN)
60 South America Dimethyl Ether Market Outlook, By Other Raw Materials (2021-2030) ($MN)
61 South America Dimethyl Ether Market Outlook, By Application (2021-2030) ($MN)
62 South America Dimethyl Ether Market Outlook, By Industrial (2021-2030) ($MN)
63 South America Dimethyl Ether Market Outlook, By Aerosol Propellant (2021-2030) ($MN)
64 South America Dimethyl Ether Market Outlook, By LPG Blending (2021-2030) ($MN)
65 South America Dimethyl Ether Market Outlook, By Transportation Fuel (2021-2030) ($MN)
66 Middle East & Africa Dimethyl Ether Market Outlook, By Country (2021-2030) ($MN)
67 Middle East & Africa Dimethyl Ether Market Outlook, By Raw Material (2021-2030) ($MN)
68 Middle East & Africa Dimethyl Ether Market Outlook, By Bio Based (2021-2030) ($MN)
69 Middle East & Africa Dimethyl Ether Market Outlook, By Fossil Fuel Based (2021-2030) ($MN)
70 Middle East & Africa Dimethyl Ether Market Outlook, By Natural Gas (2021-2030) ($MN)
71 Middle East & Africa Dimethyl Ether Market Outlook, By Coal (2021-2030) ($MN)
72 Middle East & Africa Dimethyl Ether Market Outlook, By Methanol (2021-2030) ($MN)
73 Middle East & Africa Dimethyl Ether Market Outlook, By Other Raw Materials (2021-2030) ($MN)
74 Middle East & Africa Dimethyl Ether Market Outlook, By Application (2021-2030) ($MN)
75 Middle East & Africa Dimethyl Ether Market Outlook, By Industrial (2021-2030) ($MN)
76 Middle East & Africa Dimethyl Ether Market Outlook, By Aerosol Propellant (2021-2030) ($MN)
77 Middle East & Africa Dimethyl Ether Market Outlook, By LPG Blending (2021-2030) ($MN)
78 Middle East & Africa Dimethyl Ether Market Outlook, By Transportation Fuel (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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