Dimethyl Ether Market Growth, Trends, DROT, Analysis & Forecast Till 2030
Market Overview
Dimethyl Ether (DME) market
share is projected to be worth USD 29 Billion by 2030, registering a CAGR of
18.35% during the forecast period (2021 - 2030), The market was valued at USD 8
billion in 2021.
Market Research Future (MRFR)
assessed the global
Dimethyl Ether (DME) market 2021 through the study period till 2030. As
per MRFR study, the Dimethyl Ether (DME) market share is expected to thrive at
high pace in the analysis period. The increasing demand for clean energy source
is observed to boost the adoption of DME solutions due to its less carbon
footprint. Thus, DME is extensively utilized in rapidly progressive fields,
such as; automotive motors, power generation, and domestic household. The pressure-sensitive
liquification property of DME makes it easy to store and transport. The surge
in DME production as a fuel can be attributed to DME acting as an LPG
alternative and is gaining tractions as a transportation fuel for gas turbines and
diesel engines. The increase in the utility of dimethyl ether as both a solvent
and aerosol propellant in the paints and coatings industry, along with
aforementioned factors are expected to favor the global Dimethyl Ether (DME)
market share across the study period.
The upscaling demand of dimethyl
ether in manufacturing paints and coatings, and as household and transportation
fuel, owing to the shifting towards renewable and clean energy is attracting numerous
investments. However, issues with cost optimize of DME can pose threat to the
market. The sales of DME is rising eventually due to the increasing awareness
about its no-negative effect on the environment. This is likely to counter the
DME market slow-down.
Market Segmentation
The segment assessment of the Global
Dimethyl Ether (DME) Uses is based on raw material and application.
The raw material-based segment of the Dimethyl Ether (DME) market share are
coal, natural gas, and biomass among others. The biomass segment is expected to
exhibit high growth pace. The application-based segments of the global Dimethyl
Ether (DME) market share are transportation fuel, liquefied natural gas (LPG)
blending, and aerosol propellant among others. The transportation fuel segment
can earn high profit for the market.
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Regional Analysis
The Dimethyl Ether (DME) market
share in the Asia Pacific region is expected to rise at high CAGR owing to the
rapid expansion of the paints and coatings sector. The increasing utility of
DME as household fuel in the region, alongside rise in residential
infrastructure, is expected to benefit the market through the analysis period.
The existence high end-users of DME in APAC can prompt the market in the coming
years.
In Europe, the Dimethyl Ether
(DME) market share is expected to garner decent revenue by 2030. Germany, the U.K,
and Italy are identified as key contributors to the expansion of the DME market
in EU. The surging demand for dimethyl ether in end use industries, such as; automotive,
paints, and lacquer industries can contribute to the market rise. The existence
of reputed players in EU is likely to add to the market rise.
In North America, the Dimethyl
Ether (DME) market share is expected to be spearheaded by the U.S. The rise in reconstruction
activities and the rapid development of the chemicals industry are expected to
promote the regional market. In the Middle East and Africa region, the Dimethyl
Ether (DME) market share is expected rise at considerable CAGR in the review
tenure as the region is observed to have huge investment potential. The
availability of growth opportunities in end use industries, such as; construction
and transportation fuel, is anticipated to favor MEA market. Latin America is
likely to garner decent market share of the global Dimethyl Ether (DME) market
share owing to the developing economic scenario and pacifying political in
Colombia and Brazil.
Key Players
MRFR identified some reputed
players in the global Dimethyl Ether (DME) market share to gain insights into
the competitive landscape of the market. They are; China Energy Limited
(China), Akzo Nobel N.V. (the Netherlands), The Chemours Company (U.S.), Royal
Dutch Shell plc (the Netherlands), Mitsubishi Corporation (Japan), Ferrostaal
GmbH (Germany), Jiutai Energy Group (China), Grillo Werke AG (Germany), Zagros
Petrochemical Company (Iran), and Oberon Fuels (U.S.) among others.
Numerous DME plants are focusing
on bridging the gap between supply and potential DME demands. They are working on solutions can offer
persistence in supply of DME. Moreover, the long-term growth plans adopted by
players are driven by major applications of DME. The rising popularity of DME
as fuel to generate power and act as diesel substitute are encouraging
different regulatory bodies to emphasize on the novel R&D initiatives. The
expansion of DME on a commercial scale is likely owing to the aforementioned
causes. In-depth study of the dynamics of key players are discussed in the
report.
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