Dimethyl Ether Market Size, Share, Growth Analysis Materials (Methanol, Coal). Application (LPG Blending, Transportation Fuel), By Region- Industry Forecast 2024-2031

Global Dimethyl Ether Market size was valued at USD 8.2 billion in 2022 and is poised to grow from USD 9.0 billion in 2023 to USD 17.2 billion by 2031, growing at a CAGR of 8.5% during the forecast period (2024-2031). 

The Global Dimethyl Ether market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Akzo Nobel N.V. ', 'China Energy Limited ', 'Ferrostal GmbH ', 'Grillo-Werke AG ', 'Jiutai Energy Group ', 'Korea Gas Corporation ', 'Mitsubishi Corporation ', 'Oberon Fuels ', 'Royal Dutch Shell Plc ', 'Air Liquide SA ', 'E. I. du Pont de Nemours & Co (DuPont) ', 'Haldor Topsoe ', 'Merck KGaA ', 'Nouryon Chemicals Holding BV ', 'Sigma-Aldrich ', 'Toyo Engineering Corporation ', 'Zagros Petrochemical Company ', 'Fuel DME Production Co ', 'Guangdong JOVO Group Co. ', 'The Chemours Company '

The increased demand for the compound from the automotive industry has been recognized as one of the primary growth drivers in the dimethyl ether market. Consumer preferences, combined with rising environmental concerns, have created demand for less polluting and higher-quality gasoline in the vehicle sector. The growing use of ether is causing a rapid shift of the vehicle sector. For example, automobile makers are replacing diesel, gasoline, and LPG with ether since it is a cleaner fuel. The growing demand for a clean vehicle industry would assure the expansion of the dimethyl ether marker during the foreseeable period.

For the use of LPG and dimethyl ether blends, the International Organization for Standardization (ISO) is anticipated to publish new, uniform standards and regulations. To date, the strict government regulations have limited the use of blended natural gas and have posed a significant barrier to the market's expansion.

Asia Pacific is expected to control the Dimethyl Ether market share. This demand is predicated on the fact that these nations have access to cheap and easy access to raw materials in this region. China leads the dimethyl ether market in terms of profitability. Over the coming years, this region is anticipated to generate sizable profits due to the rise in the use of dimethyl ether in numerous applications, including transportation fuel, aerosol propellants, LPG blending, and others. Dimethyl ether is a superb substitute used as a fuel for energy, and it is anticipated to create profitable growth opportunities for the industry in the coming years. Due to strict environmental regulations imposed on the electricity and transportation sectors, it is anticipated that the market for dimethyl ether will experience significant expansion. The Pradhan Mantri Ujjwala Yojana program, which offers free LPG cooking gas connections to women from below-poverty-line families, will receive an additional 10 million LPG recipients during the fiscal year 2021–2022, according to the Indian government. This will increase demand for LPG across the country. This is anticipated to boost the dimethyl ether market throughout the forecast period (2022 to 2028).