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The global dimethyl ether (DME) market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 7% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
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.
IMARC Group provides an analysis of the key trends in each sub-segment of the global dimethyl ether (DME) market, along with forecasts at the global and regional level from 2021-2026. Our report has categorized the market based on raw material, application and end-use industry.
Breakup by Raw Material:
Breakup by Application:
Breakup by End-Use Industry:
Breakup by Region:
The competitive landscape of the industry has also been examined with some of the top dimethy ether manufacturers being Akzo Nobel N.V., Belle Chemical LLC (Cornerstone Chemical Company), Chinese Energy Holdings Limited, ENN Energy Holdings Limited, Grillo-Werke AG, Korea Gas Corp, Mitsubishi Corporation, Oberon Fuels, Royal Dutch Shell PLC, The Chemours Company and Zagros Petrochemical Company, etc.
|Base Year of the Analysis||2020|
|Segment Coverage||Raw Material, Application, End-Use Industry, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||Akzo Nobel N.V., Belle Chemical LLC (Cornerstone Chemical Company), Chinese Energy Holdings Limited, ENN Energy Holdings Limited, Grillo-Werke AG, Korea Gas Corp, Mitsubishi Corporation, Oberon Fuels, Royal Dutch Shell PLC, The Chemours Company and Zagros Petrochemical Company|
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Key Questions Answered in This Report:
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