Global Dimethyl Ether Market Trends, Applications, Analysis, Growth, And Forecast: 2018 To 2027
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3008
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March 2023
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164
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This report was compiled by Shreyas Rokade Shreyas Rokade is a seasoned Research Analyst with CMFE, bringing extensive expertise in market research and consulting, with a strong background in Chemical Engineering. Correspondence Team Lead-CMFE Linkedin | Detailed Market research Methodology Our methodology involves a mix of primary research, including interviews with leading mental health experts, and secondary research from reputable medical journals and databases. View Detailed Methodology Page
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The Dimethyl Ether Market report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027.
The Dimethyl Ether Market report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.
Dimethyl Ether Market Overview:
The Dimethyl Ether Market was valued at $21.40 million in 2021 & is projected to reach $54.52 million by 2027. It is expected to grow at a 12.4% CAGR between 2021 and 2027.
The global dimethyl ether market report has been segmented on the basis of raw material type, application, and region. Dimethyl ether is a colorless gas, clean-burning, non-toxic, renewable fuel, which is an alternative to conventional fossil fuels with similar functionalities.
Raw materials for dimethyl ether can be obtained from natural gas, a variety of feedstock including biogas, and organic wastes from cities or agricultural sectors.
Dimethyl Ether can be stored under moderate pressure, thus eliminating the need for high-pressure containers which are used for compressed natural gas (CNG) or cryogenics.
Rising demand from the transportation sector for renewable, and non-polluting alternative fuels is a major factor driving the growth of the global dimethyl ether market.
In addition, the use of dimethyl ether as a substitute for conventional liquefied petroleum gas (LPG) in households, and the increasing adoption of dimethyl ether in the commercial sector, as a propellant for various aerosols products, including perfumes and other health products are other factors expected to boost the growth of the global dimethyl ether market.
However, the high cost of production is a major factor expected to hamper the growth of the global dimethyl ether market.
Manufacturers operating in the global dimethyl ether market may have an opportunity to expand their customer base by entering untapped markets through strategic collaboration with domestic market players, thereby supporting the growth of the global market.
The North American market is expected to dominate the global dimethyl ether market with a higher market share when compared to other regional markets and is expected to continue its dominance during the forecast period.
This can be attributed to the increasing use of dimethyl ether as fuel for diesel engines, industrial boilers, gas turbines, etc., and the presence of prominent market players operating in this region.
The Europe market accounts for the second-largest revenue share in the global dimethyl ether market followed by markets in the Asia Pacific, Latin America, and the Middle East & Africa respectively.
The market in the Asia Pacific is projected to witness the fastest growth in terms of revenue, owing to limited gas reserves and rising concern for the scarcity of LPG in emerging economies
Global Dimethyl Ether Market Segmentation:
By Raw Material:
- Coal
- Natural Gas
- Methanol
- Others
By Application:
- Aerosol Propellants
- LPG Blending
- Transportation Fuel
- Power Plant Fuel
- Chemical Feedstock
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn -
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- Toyo Engineering Corporation
- Akzo Nobel N.V.
- Guangdong JOVO Group Co., Ltd.
- Royal Dutch Shell plc
- Ferrostaal GmbH
- China Energy Limited
- TOTAL S.A.
- Oberon Fuels Inc.
- Grillo-Werke AG.
- Praxair, Inc.
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