According to the latest report by IMARC Group, titled “Dimethyl Ether Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global dimethyl ether (DME) market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the global dimethyl ether (DME) market to grow at a CAGR of 7% during 2021-2026. Dimethyl Ether (DME) refers to a colorless and odorless organic compound that acts as an alternative for energy fuels in compression ignition diesel engines. Also known as methoxy methane, it is a renewable, non-toxic, and clean-burning fuel with a high cetane value. Dimethyl ether can be artificially produced from various materials, such as biomass, coal, gas, heavy oil, etc. It is primarily used as a substitute for propane in liquified petroleum gas (LPG), transportation fuel, and power plant fuel. Dimethyl ether is also extensively used in the chemical industry as an aerosol propellant.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Rapid industrialization and substantial growth in the automotive industry primarily drive the global market for dimethyl ether. Moreover, rising consumer environmental concerns are also providing a boost to the market growth. Furthermore, several automobile manufacturers are substituting conventional transportation fuels, such as diesel, petrol, and LPG, with cleaner fuels with a higher ignition value and lower carbon emissions levels. Additionally, the extensive utilization of DME as an aerosol propellant in the manufacturing of paints, pharmaceuticals, coatings, and personal care products, such as hair sprays, and perfumes also augments the market growth.
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Key Market Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- 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
- Zagros Petrochemical Company
Breakup by Raw Material:
- Natural Gas
Breakup by Application:
- Aerosol Propellent
- LPG Blending
- Chemical Feedstock
Breakup by End-Use Industry:
- Oil and Gas
- Power Generation
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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