Westford, USA, Oct. 23, 2024 (GLOBE NEWSWIRE) -- SkyQuest projects that the Global Dimethyl Ether Market will reach a value of USD 10.02 Billion by 2031, with a CAGR of 9.4% during the forecast period (2024-2031). As an alternative to petroleum diesel, dimethyl ether fuel is inexpensive, low-carbon, and smokeless. Its ability to transfer hydrogen efficiently makes it easier to integrate into the growing market for hydrogen fuel cell vehicles. The chemical will also greatly reduce the carbon intensity of propane, a popular clean-burning fuel, when coupled with it. LPG and DME can be combined to heat and cook in a household. As the large and expanding LPG business grows, blending becomes more widespread.
Browse in-depth TOC on the " Dimethyl Ether Market"
Pages – 157
Tables – 66
Figures – 73
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Dimethyl Ether Market Overview:
| Report Coverage | Details |
| Market Revenue in 2023 | USD 4.46 Billion |
| Estimated Value by 2031 | USD 10.02 Billion |
| Growth Rate | Poised to grow at a CAGR of 9.4% |
| Forecast Period | 2024–2031 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Raw Material, Application and Region |
| Geographies Covered | North America, Europe, Asia Pacific, Middle East & Africa, Latin America |
| Report Highlights | Dimethyl Ether being a viable alternative |
| Key Market Opportunities | Increasing energy demands in developing countries |
| Key Market Drivers | Growing demand for clean fuels |
Dimethyl Ether Market Segmental Analysis
Global Dimethyl Ether Market is segmented by raw material, application, and region.
Based on raw material, the market can be segmented into Methanol, Coal, Natural Gas, and Bio-Based.
Based on application, the market is segmented into LPG Blending, Aerosol Propellant, Transportation Fuel, and Others.
Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Methanol Raw Material to Hold Significant Growth due to its Availability and Cost-Effectiveness
The main reason for the wide-scale production of dimethyl ether (DME) is the ready availability and low cost of methanol, which is its basic raw material. This is the reason why methanol dominates the global DME market. The increased methanol production capacity from natural gas, coupled with the improvements in conversion processes, makes DME production more effective which provides a wider base for the growth of its demand as a clean burning fuel.
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LPG Application to Lead the Market due to ease of Handling; Regarding Refueling
The use of Dimethyl Ether (DME) in liquefied petroleum gas (LPG) applications is growing due to similar burning characteristics and ease of use. The rising trend of using cleaner energy sources together with existing infrastructure for LPG makes DME a suitable green substitute in several areas including transport and industrial activities further solidifying its market position.
Asia Pacific to Dominate the Market due to Government Policies Promoting Alternative Fuels
There is a heavy predilection of the global dimethyl ether market in the Asia-Pacific region, mainly attributable to the accelerated pace of industrialization and urbanization, which has increased the need for cleaner energy sources. There are also government incentives on use of alternative fuels and more funding directed towards DME the production and its infrastructure, this ensures that DME is widely consumed making Asia-Pacific the epicenter of the energy transition.
Dimethyl Ether Market Insight
Drivers:
- Increasing Concerns Over Air Pollution
- Efforts to Control Greenhouse Gas Emissions
- Policies Aimed at Reducing Dependency on Fossil Fuels
Restraints:
- Limited Infrastructure for DME Distribution
- Natural Gas not Being Widely Available
- Competition from Alternative Fuels
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Prominent Players in Dimethyl Ether Market
- Mitsubishi Corporation
- Oberon Fuels
- China Energy Limited
- Royal Dutch Shell PLC
- Akzo Nobel N.V.
- Ferrostal GmbH
- The Chemours Company
- Guangdong JOVO Group Co., Ltd.
- Grillo-Werke AG
- Zagros Petrochemical Company
- China Resources Gas Group Limited
- Guangzhou Zhujiang Industrial Co., Ltd.
- Clean Energy Fuels Corp.
- China National Petroleum Corporation
- Fuel DME Production Co., Ltd.
- Shenhua Ningxia Coal Industry Group Co., Ltd.
- Guangzhou Guangye Yunliu Energy Co., Ltd.
- Korea Gas Corporation
- Toyo Engineering Corporation
- Guangdong Henghe Gas Co., Ltd.
Key Questions Answered in Global Dimethyl Ether Market Report
- What is the projected value of the Global Dimethyl Ether Market by 2031?
- Which raw material is primarily used for dimethyl ether production, and why is it significant?
- What factors are driving the dominance of the Asia-Pacific region in the dimethyl ether market?
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This report provides the following insights:
Analysis of key drivers (Many industry transition to low-emission alternatives, ongoing global energy transition toward cleaner energy, improvements in DME production technologies), restraints (Stringent environmental regulations, lack of awareness and understanding of DME's benefits, lack of standardized regulations), opportunities (Increasing energy demands in developing countries, collaborations between governments & industries, exploring new applications for DME), and challenges (Achieving significant market penetration, establishing the necessary infrastructure for DME production) influencing the growth of dimethyl ether market.
- Market Penetration: Comprehensive information on the product portfolios offered by the top players in the dimethyl ether market.
- Product Development/Innovation: Detailed insights on the upcoming trends, R&D activities, and product launches in the dimethyl ether market.
- Market Development: Comprehensive information on lucrative emerging regions
- Market Diversification: Exhaustive information about new products, growing geographies, and recent developments in the market
- Competitive Assessment: In-depth assessment of market segments, growth strategies, revenue analysis, and products of the leading market players.
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