Increasing demand for the DME selling through online sales channels, coupled with high investment in RD of the DME market, are fueling the market growth.
Global DME Market is forecast to reach USD 45.10 Billion by 2028, according to a new report by Reports and Data. DME, or abbreviated as DME, and also known as methoxymethane, is the simplest ether organic compound and colorless gas. It is slightly narcotic, and highly flammable gas under ambient conditions with zero toxicity. The gaseous organic compound transferred to liquid state, having imposed a slight pressure. The liquefied form is handier for end-use and kept inside a metal container. The properties of DME are quite similar to those of Liquefied Petroleum Gas (LPG) and additionally provide cost-cutting in its processing as fuel, as compared to LPG. DME has the property of degradation in the atmosphere and is not a greenhouse gas. The continuous growth of methylating agent dimethyl sulfate derived from DME and the use of DME as an alternative fuel for automotive, industrial, household applications are expected to drive the demand throughout the forecast period primarily. Its application in over-the-counter freeze spray product manufacturing, as a propellant in aerosol production, and as a refrigerant is participating in the market growth broadly.
The Asia Pacific region is expected to retain its dominance in the global market. The market is North America is growing at apace due to the extensive use of DME in various end-use sectors. China and India are some of the fastest-growing markets in the world, and the United States and China hold some of the most prominent players in the market.
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Top Leading Players: Akzo Nobel N.V., Royal Dutch Shell PLC, Oberon Fuels, China Energy Limited, Ferrostal GmbH, Grillo Werke AG, Mitsubishi Corporation, Zagros Petrochemical Company, The Chemours Company, and Jiutai Energy Group, among others.
Top Companies Profiled in the Report:
DME and bio-based DME have wide usage in many products and are most commonly used as the replacement for propane in liquid petroleum gas (LPG) processing. DME can even replace the diesel fuel in transportation if commercialized widely. Although, DME can not produce that much energy like the Diesel fuel in the vehicles, DME being a recyclable, non-toxic gas, can power a diesel combustion engine with a slight change in its design.
DME combustion engines are simpler engine with low maintenance costs, need no requirement of spark plug and follows compression ignition. DME burns are non-toxic, meets emission standards, safe, low pressure dispensing, and more importantly, more cost-effective than the diesel fuel in many cases.
DME is used as an aerosol propellant in refrigeration, and refrigerant blends with many compounds such as ammonia, butane, carbon dioxide, and propene
Growing penetration of the online retailing businesses for the chemicals and materials, especially in the emerging nations in the Asia Pacific, is helping the market grow by broadening the outreach in the areas where the offline vendors are unavailable. Also, due to the non-involvement of the distributors in the supply chain model, the profit margin is way more than that of the offline retailing distribution channel. The online retailing is expected to gain a market share of 26.2% by 2028.
North America is forecasted to witness significant growth in the overall market due to its increasing demand for DME based propulsion in automotive, having grown at a CAGR of 21.3% during the forecast period. US possesses the highest market share in this region and some of the vital players of the market.
Regional Outlook
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- The Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Market Segmentation:
Raw Material Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2020-2028)
- Methanol
- Coal
- Bio Gas Bio Mass
Sales Channel Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2020-2028)
- Online Retailing
- Offline Retailing
Source Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2020-2028)
- Natural
- Synthetic
End-Use Verticals Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2020-2028)
- LPG Blending
- Aerosol Propellant
- Refrigerant Freeze Spray
- Chemical Solvent
- Others
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Table of Contents:
Report Overview
1.1 Research Scope
1.2 Key DME market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline
Global Growth Trends
2.1 Global DME market size
2.2 Latest regional market trends
2.3 Emerging growth trends
Competitive Outlook
3.1 Global DME market key players
3.2 Global DME size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the DME market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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