Increasing demand for LPG blending applicability is expected to drive the demand for Dimethyl Ether Market in the forecast period 2024-2028.
According to TechSci Research report, “Dimethyl Ether Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028,” the global dimethyl ether market is anticipated to upsurge at an impressive rate in the forecast period 2024-2028. Dimethyl Ether is mildly narcotic, nontoxic, highly flammable gas, liquified when pressurized at room temperature. It is an isomer of ethanol. It is an alternate source of fuel as it has no sulfur content and has a high cetane number. It is frequently utilized as a substitute for gasoline for use in vehicles, as fuel for power plants, as propane in liquified petroleum gas (LPG), and as a raw material for the production of a variety of chemical goods. Additionally, the growing demand for aerosol propellants is a crucial factor responsible for market growth. Thus, the need for the Global Dimethyl Ether market is expected to rise in the forecast period.
Furthermore, the market is being further stimulated by the extensive use of Dimethyl Ether as an aerosol propellant in producing medicines, paints, coatings, and personal care items, including fragrances and hair sprays.
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The Global Dimethyl Ether Market is segmented based on feedstock, application, region and competitive landscape. Based on feedstock, the market is divided into Coal, Natural Gas, Methanol, Bio-based, and Others. Methanol is expected to hold the largest market share in the forecast period, 2024-2028. Since the production of DME from methanol is easy & inexpensive, it also does not pollute the environment compared to other feedstock (coal). Thus, it is more in demand in its segment and dominates.
Rising coal prices will likely hamper the market for dimethyl ether. According to trading on a contract for difference (CFD) that follows the benchmark market for this commodity, coal prices have climbed by 1.52 USD/MT or 2.18% since the start of 2020.
Based on application, the market is divided into LPG Blending, Aerosol propellants, Industrial, and Others. As per estimates, the LPG blending segment will experience the highest market share during the forecast period. In order to reduce harmful emissions, improve combustion, and reduce dependency on LPG, DME is blended with it as a fuel alternative additive. This is projected to boost the future market outlook for dimethyl ether.
According to the US Bureau of Economic Analysis, in March 2021, the disposable income per capita in North America region was USD 57,597 and this is anticipated to increase more over the forecast period along with the expenditure on cleaning products (such as DME).
Major companies operating in the global dimethyl ether market are:
- Akzo Nobel N.V.
- Haldor Topsoe Holding A/S
- Toyo Engineering Corporation
- Oberon Fuels Inc.
- Mitsubishi Corporation
- Ferrostaal GmbH
- Grillo-Werke AG
- China Energy Limited
- Japan DME Association
- PCC SE
- Nouryon Holding BV
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“Due to its favorable government regulations, industrial know-how, and capacity for innovation, Asia Pacific is anticipated to rule the global dimethyl ether market in the ensuing years. The Global Dimethyl Ether Market is anticipated to increase due to the continuous usage of DME with LPG to enhance zero-emission fuels with sootless combustion, ultra-low emission, high cetane number, low cost, and high energy density.
In addition, organizational activities, increasing R&D spending, and governmental controls on trade and export are the main factors driving the market. The primary driver of market expansion through the year 2028 is also the rising demand for aerosol propellant, pharmaceuticals, and paints.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Dimethyl Ether Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Feedstock (Coal, Natural Gas, Methanol, Bio-based, Others), By Application (LPG Blending, Aerosol Propellants, Industrial, Others), By Region,”, has evaluated the future growth potential of global dimethyl ether market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global dimethyl ether market.”
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