Dimethyl Ether Market is Expected to Expand at a 9.6% CAGR between 2017-2025

The market for dimethyl ether (DME) has been flourishing on the back of incremented efforts across the world to reduce carbon footprint. Dimethyl ether, which can be derived from renewable materials such as municipal waste and biomass as well as natural resources including coal and natural gas, is uncannily similar to LPG and is found in a gaseous state at room temperature. It can be easily liquefied and transported.

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The favorable characteristics of DME have resulted in creation of significant growth opportunities for the chemical in energy applications over the last decade. According to the projections of this report, the demand in the global dimethyl ether market will increment at a formidable CAGR of 9.6% during the forecast period of 2017 to 2025. The analysts of the report have estimated that the opportunities in the dimethyl ether market, worldwide, will translate into a revenue of US$9,868.1 mn by the end of 2025, considerably up from its evaluated worth of US$4,371.1 mn in 2016.

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On the basis of raw material type, the dimethyl ether market has been segmented into natural gas, coal, methanol, and others such as bio-based ingredients. In 2016, the methanol segment accounted for nearly 90% of total demand in the dimethyl ether market in 2016. This strong demand is a reflection of the ease with which DME can be produced using methanol as a raw material. In addition to that, production of DME from methanol is a cost-efficient and easy process. Coal held the next major share of the dimethyl ether market in 2016. The usage of coal as a raw material for the manufacturing of DME leads to pollution, and therefore the segment is losing ground. Production of DME using natural gas is a costly process.

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Application-wise, the market for dimethyl ether has been bifurcated into LPG blending, aerosol propellants, power plant fuel, transportation fuel, chemical feedstock, and others such as refrigerants and production processes that require heat. Currently, LPG blending is the most prominent application of DME, accounting for over three-quarters of the total demand in 2016.

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