Dimethyl Ether Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Dimethyl Ether Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global dimethyl ether (DME) market size reached US$ 6.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.6 Billion by 2028, exhibiting a growth rate (CAGR) of 9.67% during 2023-2028.

Dimethyl ether (DME), or methoxy methane, is an odorless and colorless organic compound that is used as a substitute for energy fuels in compression ignition diesel engines. It is a clean-burning, non-toxic and renewable fuel with a high cetane value. It is synthetically produced by converting hydrocarbons to synthesis gas (syngas) through the gasification process. The syngas is converted to methanol by using a copper-based catalyst, with subsequent dehydration of methanol, thereby resulting in the production of DME. It is widely used as an alternative for transportation fuel, power plant fuel and propane in liquified petroleum gas (LPG) and as a raw material for manufacturing various chemical products.

Significant growth in the automotive industry, along with rapid industrialization across the globe, is one of the key factors driving the growth of the market. Furthermore, increasing environmental consciousness among the masses is also providing a boost to the market growth. Automobile manufacturers are rapidly replacing transportation fuels, such as diesel, petrol and LPG, with cleaner fuels that have high ignition value and low-levels of carbon emissions into the environment. In line with this, widespread adoption of DME as an aerosol propellant in the manufacturing of pharmaceuticals, paints, coatings and personal care products, such as perfumes and hair sprays, is driving the market further. Additionally, the growing requirement of DME for enhanced oil recovery and improved efficiency of various drilling and fracturing processes is also acting as a growth-inducing factor. For instance, DME is mixed with brine and is injected into the reservoir to swell up oil and reduce its viscosity, thereby enabling the extraction of remaining oil from mature fields.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global dimethyl ether (DME) market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on raw material, application and end-use industry. 

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
South Korea
Australia
Indonesia
Others

Europe

Germany
France
United Kingdom
Italy
Spain
Russia
Others

Latin America

Brazil
Mexico
Others

Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the top dimethy ether manufacturers being Akzo Nobel N.V., Cornerstone Chemical Company B.V., Chinese Energy Holdings Limited, ENN Energy Holdings Limited, Grillo-Werke AG, Korea Gas Corporation, Mitsubishi Corporation, Oberon Fuels, Royal Dutch Shell plc, The Chemours Company LLC, and Zagros Petrochemical Company.

Key Questions Answered in This Report:

What was the size of the global dimethyl ether market in 2022?

What is the expected growth rate of the global dimethyl ether market during 2023-2028?

What has been the impact of COVID-19 on the global dimethyl ether market?

What are the key factors driving the global dimethyl ether market?

What is the breakup of the global dimethyl ether market based on the raw material?

What is the breakup of the global dimethyl ether market based on the application?

What is the breakup of the global dimethyl ether market based on the end-use industry?

What are the key regions in the global dimethyl ether market?

Who are the key players/companies in the global dimethyl ether market? Show more