The global dimethyl ether market size is expected to reach USD 8.79 billion by 2030, according to a new study by Polaris Market Research. The report “Dimethyl Ether Market Share, Size, Trends, Industry Analysis Report, By Raw Material (Fossil Fuel Based, Bio-based); By Application; By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Dimethyl ether (DME) is obtained from synthesis gas produced from natural gas, coal, or biomass. The dimethyl, also called methoxymethane, is a natural compound with the chemical equation CH3OCH3.
There has been considerable growth in the automotive industry owing to rising sales of automobiles in developing economies. The increasing automobile sale directly influences the sales of dimethyl, which serves as an additive to the fuel. Dimethyl ether is produced by converting hydrocarbons to synthesis gas through gasification. Synthesis gas is first converted to methanol using a copper-based catalyst, with subsequent dehydration of methanol, thus making ether.
The COVID-19 outbreak has impacted the industry due to supply chain disruption, lack of raw materials, operational challenges, transportation delays, and travel restrictions. Manufacturing activities and industrial operations have also been halted due to various global government regulations. The pandemic has significantly impacted the automobile and industrial industries, resulting in decreased demand and worker impairment. Import restrictions to stop the virus’s spread have also held back the market’s expansion.
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Asia Pacific accounted for a major share in 2021. Rising industrial growth, urbanization, and growth in the automotive sector support market growth in this region. Increasing demand for bio-based products coupled with the introduction of stringent emission regulations fuels growth in this region. Major global players are expanding their presence in developing nations of China, Japan, India, and South Korea to tap the growth opportunities these countries offer.
Dimethyl ether Market Report Highlights
- Fossil fuel segment accounted for a significant share owing to the rising use of low-emission vehicles.
- LPG blending accounted for the largest share of the industry, which is accelerated by providing various paths to renewable & zero-emission fuels for a variety of uses.
- Asia Pacific is expected to hold a significant share in 2030 owing to the increasing environmental awareness and stringent emission regulations.
- The global industry is highly competitive owing to the existence of prominent market players with a worldwide presence, including China Energy Limited, Akzo Nobel N.V., Ferrostal GmbH, Royal Dutch Shell Plc, Grillo-Werke AG, Fuel DME Production Co, Guangdong JOVO Group Co., Jiutai Energy Group, Mitsubishi Corporation, Korea Gas Corporation, The Chemours Company, Oberon Fuels, Haldor Topsoe, Shenhua Ningxia Coal Industry Group Co, and Zagros Petrochemical Company.
Polaris market research has segmented the dimethyl ether market report based on raw material, application, and region:
Dimethyl Ether, Raw Material Outlook (Revenue – USD Billion, 2018 – 2030)
- Fossil fuel based
Dimethyl Ether, Application Outlook (Revenue – USD Billion, 2018 – 2030)
- LPG Blending
- Aerosol Propellant
- Transportation Fuel
Dimethyl Ether, Regional Outlook (Revenue – USD Billion, 2018 – 2030)
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa