Press release
Dimethyl Ether Market to Reach USD 13.05 Billion by 2030 at 8.65% CAGR
๐๐ข๐ฆ๐๐ญ๐ก๐ฒ๐ฅ ๐๐ญ๐ก๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ญ ๐๐จ๐ซ ๐๐ญ๐ซ๐จ๐ง๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก: ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐ข๐ง๐ญ๐จ ๐๐๐ซ๐ค๐๐ญ ๐๐ข๐ณ๐, ๐๐๐๐, ๐๐ง๐ ๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ซ๐๐ง๐๐ฌThe global dimethyl ether (DME) market is experiencing significant growth due to its versatile applications in the energy, transportation, and chemicals sectors. The market size was valued at USD 7.3 billion in 2023 and is projected to reach USD 13.05 billion by 2030, growing at a robust CAGR of 8.65% during the forecast period (2024-2030). This press release delves into key growth drivers, trends, mergers, and acquisitions in Vietnam, Thailand, Japan, South Korea, Singapore, the US, and Europe.
๐๐๐ ๐๐ซ ๐ญ๐จ ๐๐ข๐ฌ๐๐จ๐ฏ๐๐ซ ๐ฐ๐ก๐๐ญ'๐ฌ ๐ฐ๐ข๐ญ๐ก๐ข๐ง? ๐๐๐๐ฎ๐ซ๐ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ญ๐จ๐๐๐ฒ: https://www.maximizemarketresearch.com/request-sample/16581/
๐๐ข๐ฆ๐๐ญ๐ก๐ฒ๐ฅ ๐๐ญ๐ก๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ข๐๐ญ๐ง๐๐ฆ:
Vietnam's dimethyl ether market is expanding due to its use as a clean alternative to LPG in cooking and transportation. Government policies promoting clean energy have attracted significant investments. Companies like PetroVietnam Gas have initiated projects to enhance domestic production, reducing reliance on imports.
๐๐ข๐ฆ๐๐ญ๐ก๐ฒ๐ฅ ๐๐ญ๐ก๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ซ๐ข๐ฏ๐๐ง ๐๐ฒ ๐๐ง๐๐ซ๐ ๐ฒ ๐๐๐๐ญ๐จ๐ซ ๐๐๐ฆ๐๐ง๐ ๐ข๐ง ๐๐ก๐๐ข๐ฅ๐๐ง๐:
Thailand's market is witnessing steady growth, driven by the increasing demand for dimethyl ether in the energy sector as a cleaner fuel alternative. PTT Group's recent investments in green DME projects highlight the country's commitment to sustainable energy solutions.
๐๐ข๐ฆ๐๐ญ๐ก๐ฒ๐ฅ ๐๐ญ๐ก๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐๐๐ฅ ๐๐๐ฏ๐๐ง๐๐๐ฆ๐๐ง๐ญ๐ฌ ๐ข๐ง ๐๐๐ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐๐๐ฉ๐๐ง:
Japan is leading innovations in DME technology, particularly in its use as a fuel for diesel engines and power generation. Mitsubishi Gas Chemical and ENEOS Corporation have been at the forefront, developing sustainable production methods. Recent collaborations with academic institutions have further advanced research in DME applications.
๐๐ข๐ฆ๐๐ญ๐ก๐ฒ๐ฅ ๐๐ญ๐ก๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ข๐ฆ๐๐ญ๐ก๐ฒ๐ฅ ๐๐ญ๐ก๐๐ซ ๐๐ซ๐จ๐๐ฎ๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐:
South Korea's DME market is consolidating with major players like SK Innovation and LG Chem acquiring smaller firms to scale production. The market is growing due to the increasing adoption of DME as a cleaner energy source in the industrial sector.
๐๐ข๐ฆ๐๐ญ๐ก๐ฒ๐ฅ ๐๐ญ๐ก๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ฅ๐๐๐ง ๐๐ง๐๐ซ๐ ๐ฒ ๐๐ซ๐๐ง๐ฌ๐ข๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐:
Singapore's dimethyl ether market is benefiting from the country's strong focus on transitioning to clean energy solutions. Partnerships between local firms like Sembcorp Industries and global DME producers are driving innovation and expanding applications in the shipping and power sectors.
๐๐ข๐ฆ๐๐ญ๐ก๐ฒ๐ฅ ๐๐ญ๐ก๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ ๐๐ง๐ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ:
The US market is a key player globally, with significant advancements in DME's use as a diesel substitute and in aerosol propellants. Companies like Oberon Fuels are leading the way with sustainable production techniques. Recent partnerships with Air Products and Chemicals have focused on scaling DME production for commercial use.
๐๐ข๐ฆ๐๐ญ๐ก๐ฒ๐ฅ ๐๐ญ๐ก๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐๐ง ๐๐ง๐ข๐ญ๐ข๐๐ญ๐ข๐ฏ๐๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐ ๐๐๐ ๐๐๐จ๐ฉ๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ฎ๐ซ๐จ๐ฉ๐:
Europe's market is growing rapidly due to stringent environmental regulations promoting cleaner fuel alternatives. Leading companies like Shell and AkzoNobel have invested heavily in DME production. Collaborative projects in Germany and the Netherlands aim to increase DME adoption in the transportation sector.
๐๐จ ๐๐๐๐๐ฌ๐ฌ ๐ฆ๐จ๐ซ๐ ๐๐๐ญ๐๐ข๐ฅ๐ฌ ๐ซ๐๐ ๐๐ซ๐๐ข๐ง๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก, ๐ฏ๐ข๐ฌ๐ข๐ญ ๐ญ๐ก๐ ๐๐จ๐ฅ๐ฅ๐จ๐ฐ๐ข๐ง๐ ๐ฐ๐๐๐ฉ๐๐ ๐: https://www.maximizemarketresearch.com/request-sample/16581/
๐๐ข๐ฆ๐๐ญ๐ก๐ฒ๐ฅ ๐๐ญ๐ก๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ:
๐๐ ๐น๐๐ ๐ด๐๐๐๐๐๐๐
Coal
Methanol
Natural gas
Bio-based feedstock
Based on type , the ethylene segment has a market share of 55 % in 2023 . This high demand is a testament to the ease with which ME can be manufactured using methanol as the starting material . Moreover , the production of ME from methanol is an affordable and easy method . The use of coke as a raw material in the production of DME creates pollution , which impacts the growth of the segment . Manufacturing ME from natural gas is an expensive process .
๐๐ ๐จ๐๐๐๐๐๐๐๐๐๐
Aerosol Propellant
LPG Blending
Transportation fuel
Others
According to the End - Use industry , the LPG assembly segment accounted for the major share of the global Dimethyl Ether market at 50 % in 2023 . DME offers different routes to green and emission - free fuels for various uses, thanks to its quiet and dust - free combustion , extremely low emissions , high cetane concentration , compatibility with low - cost LPG energy and high energy density . DME is an organic compound commonly used as an aerosol propellant and reagent in the manufacture of common products such as dimethyl sulfate, acetic acid , ammonium nitrate, ammonium phosphate, and ammonia, which is also used as a nitrogen - based fertilizer in the fertilizer industry .
๐๐๐ง๐ญ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ? ๐๐๐๐ ๐ญ๐ก๐ ๐ฌ๐ฎ๐ฆ๐ฆ๐๐ซ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ซ ๐๐ฌ๐ฌ๐๐ง๐ญ๐ข๐๐ฅ ๐๐๐ญ๐: https://www.maximizemarketresearch.com/request-sample/16581/
๐๐ข๐ฆ๐๐ญ๐ก๐ฒ๐ฅ ๐๐ญ๐ก๐๐ซ ๐๐๐ซ๐ค๐๐ญ, ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
1. CIMC ENRIC - China
2. Guangdong JOVO Group Co. Ltd. - China
3. Korea Gas Corporation - South Korea
4. Nouryon - Netherlands
5. Oberon Fuels Inc. - USA
6. OCI N.V. - Netherlands
7. PCC Group - Germany
8. Royal Dutch Shell Plc - Netherlands/UK
9. The Chemours Company - USA
10. Topsoe A/S - Denmark
11. Toyo Engineering Corporation - Japan
12. Yankuang Group Co. Ltd - China
13. Akzo Nobel NV- Netherlands
14. BP Plc - UK
15. Mitsubishi Gas Chemical Company, Inc. - Japan
16. China Energy Ltd. - China
17. Grillo-Werke AG - Germany
18. TotalEnergies SE - France
19. Linde plc - Ireland
20. China National Petroleum Corporation (CNPC) - China
๐๐๐ฒ ๐๐๐๐๐ง๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ข๐ฆ๐๐ญ๐ก๐ฒ๐ฅ ๐๐ญ๐ก๐๐ซ ๐๐๐ซ๐ค๐๐ญ
๐บ๐๐๐๐๐๐๐๐๐๐๐๐๐ ๐ญ๐๐๐๐:Partnerships like Mitsubishi Gas Chemical and ENEOS Corporation focusing on green production technologies.
๐บ๐๐๐๐๐๐๐๐ ๐จ๐๐๐๐๐๐๐๐๐๐๐: Consolidation efforts by SK Innovation and LG Chem to dominate the South Korean market.
๐ฎ๐๐๐๐๐๐๐๐๐ ๐บ๐๐๐๐๐๐: Policies in Vietnam and Thailand encouraging clean energy solutions, boosting DME demand.
๐๐ง๐ ๐๐ ๐ ๐ฐ๐ข๐ญ๐ก ๐ญ๐ก๐ ๐ฅ๐๐ญ๐๐ฌ๐ญ ๐๐๐ฏ๐๐ง๐๐๐ฆ๐๐ง๐ญ๐ฌ ๐ข๐ง ๐ฒ๐จ๐ฎ๐ซ ๐๐ข๐๐ฅ๐ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก'๐ฌ ๐ซ๐๐๐๐ง๐ญ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐ฉ๐ฎ๐๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง๐ฌ:
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