Dimethyl ether (DME), also known as methoxymethane, is the organic compound with the formula CH3OCH3. It is a colorless gas that serves as a useful precursor to other organic compounds and an aerosol propellant. It is also used in refrigerant blends with other gases like ammonia, carbon dioxide, butane, and propene.
Sizing and Forecast
The dimethyl ether market size has grown rapidly in recent years. It will grow from $5.83 billion in 2023 to $5.8 billion in 2024 at a compound annual growth rate (CAGR) of 11.9%. The growth in the historic period can be attributed to rising demand in aerosol propellants, demand for fuel alternatives in transportation, chemical feedstock demand, growing use In LPG blending, government initiatives and regulations.
The dimethyl ether market size is expected to see rapid growth in the next few years. It will grow to $8.64 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%. The growth in the forecast period can be attributed to green energy initiatives, growing demand for electric and non-electric vehicles, expanding industrial applications, rising exports of aromatic ethers. Major trends in the forecast period includes bio-based DME production, technological advancements, innovative advancements, increasing adoption in propellant applications, advanced catalytic technologies.
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Segmentation & Regional Insights
The dimethyl ether market covered in this report is segmented –
1) By Product And Service: Reagents And Kits, Genotyping Services, Instruments, Bioinformatics
2) By Technology: Microarrays, Polymerase Chain Reaction, Sequencing, Capillary Electrophoresis, Matrix-assisted Laser Desorption Or Ionization-Time Of Flight Mass Spectrometry, Other Technologies
3) By End-User: Pharmacogenomics, Personalized Medicine And Diagnostics, Animal Genetics, Agricultural Biotechnology, Research And Diagnostic Laboratories, Academic Institutes
Asia-Pacific was the largest region in the dimethyl ether market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in dimethyl ether (DME) report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The increasing use of LPG blends is expected to propel the growth of the dimethyl ether market going forward. LPG blending refers to the process of combining liquefied petroleum gas (LPG), a mixture of propane and butane, with other substances or additives to achieve desired fuel characteristics, enhance performance, or meet specific regulatory requirements. Dimethyl ether (DME) is often blended with liquefied petroleum gas (LPG) to improve combustion characteristics and reduce emissions in specific applications. For instance, in December 2023, according to the Energy Market Authority (EMA), a Singapore-based regulator of the electricity and natural gas industries, natural gas accounted for 92.0% of Singapore’s fuel mix in 2022, and it is expected to reach 94.3% of the fuel mix in the first half of 2023. Therefore, increasing use of LPG blends will drive the growth of the dimethyl ether market.
Key Industry Players
Major players in the dimethyl ether market are Royal Dutch Shell Plc, Mitsubishi Corporation, Korea Gas Corporation, Air Liquide SA, Merck KGaA, E. I. du Pont de Nemours & Co (DuPont), Akzo Nobel N.V., The Chemours Company, Nouryon Chemicals Holding BV, Methanex Corporation, Sigma-Aldrich, Toyo Engineering Corporation, Haldor Topsoe, Sichuan Lutianhua Co Ltd, Oxea GmbH, Grillo-Werke AG, Zagros Petrochemical Company, Koch Methanol, LLC, Ferrostal GmbH, Jiutai Energy Group, Oberon Fuels, Aerosolex, Vizag chemical , Guangdong JOVO Group Co., Jiangsu July Chemical Co Ltd, Fujian Lyondissolve Chemical Co., Ltd., and Shenhua Ningxia Coal Industry Group Co.
The dimethyl ether market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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