디메틸 에테르 시장 : 점유율 분석, 산업 동향 및 통계, 성장 예측(2024-2029년)

The Dimethyl Ether Market size is estimated at 8.07 Million tons in 2024, and is expected to reach 12.29 Million tons by 2029, growing at a CAGR of greater than 8% during the forecast period (2024-2029).

COVID-19 negatively impacted the market, and considering the pandemic scenario, the demand for DME-based LPG fuel from the automotive segment decreased as people were not traveling frequently. However, after the easing of lockdowns, the industry picked up, and the fuel demand has increased worldwide.

Key Highlights

• Over the short term, the growing demand for LPG blending applications and increasing interest in non-electric and electric vehicles are driving the market growth.
• High costs for altering current infrastructure to use DME and increasing EV use can act as a restraint for the market.
• Growing research for using DME as an alternative fuel and an under-established market will likely create opportunities for the market in the coming years.
• Asia-Pacific is likely to dominate the market studied during the forecast period with robust demand for fuel, LPG, and others.

Dimethyl Ether Market Trends

LPG Blending Segment to Dominate the Market

• Liquefied petroleum gas (LPG) is one of the significant applications of dimethyl ether (DME), which can be blended with traditional LPG at a pre-specified ratio for many applications.
• DME is blended with LPG as an alternative fuel additive for enhancing combustion, reducing hazardous emissions, and reducing dependency on LPG. Currently, around 15-25% of DME is utilized in DME-LPG blends, with higher ratio blends being researched, as a better blend may require equipment changes for usage.
• DME is used for LPG blending that is in Propane autogas in vehicles. According to the Propane Education and Research Council, there are nearly 260,000 on-road LPG vehicles with certified fuel systems in the United States. Many are used in fleet applications, such as school buses, shuttles, and police vehicles.
• Similarly, according to the European Alternative Fuels Observatory (EAFO), the number of liquefied petroleum gas (LPG) vehicles in Hungary will be 23,194 in 2022. However, the number is lowest when compared to 24,141 in 2021.
• Countries like China, India, and Indonesia are aggressively pushing for the use of DME as an alternate fuel, as these countries are highly dependent on imports to meet their local LPG demand.
• According to the National Bureau of Statistics of China, the liquefied petroleum gas (LPG) production output in China was 4.43 million metric tons in December 2023 and registered growth when compared to 4.15 million metric tons in November 2023.
• Therefore, the factors above are expected to impact the market significantly in the coming years.

Asia-Pacific to Dominate the Market

• Asia-Pacific holds the largest consumption share of dimethyl ether (DME) from various end-use applications such as LPG blending, propellants, fuels, and others. In Asia-Pacific, China has a significant share of demand, followed by Japan, South Korea, and India, among others.
• China is the first country to start using DME-blended LPG on a commercial scale. The majority of China's DME demand is from households (for LPG blended cooking gas supply). In China, 20% of DME blended LPG products are used for this purpose.
• According to the Petroleum Planning and Analysis Cell, as of October 2023, PSU OMCs (IOCL, BPCL, and HPCL) together have 31.54 crore active LPG customers in the domestic category whom 25,425 LPG distributors are serving.
• According to the METI (Japan), the production volume of liquified petroleum gas (LPG) in Japan accounted for 3.07 million metric tons in 2022.
• Indonesia is another Asian country aggressively pushing for DME blended LPG for its energy needs. Companies, such as Air Products and Chemicals and PT Bukit Asam, are moving forward with significant projects in the country to produce DME from coal for LPG blending applications.
• Thus, the demand for DME in the region is expected to increase during the forecast period due to the factors mentioned above.

Dimethyl Ether Industry Overview

The dimethyl ether market is partially consolidated, with the top five players accounting for a significant share. Some of the key players in the market include (not in any particular order) KOREA GAS CORPORATION, ZPCIR, Jiutai Energy Group, Mitsubishi Corporation, and Nouryon.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 Study Assumptions
• 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

• 4.1 Drivers
  • 4.1.1 Growing Demand from LPG Blending Applications
  • 4.1.2 Increasing Interest in Non-Electric and Electric Vehicles
  • 4.1.3 Others
• 4.2 Restraints
  • 4.2.1 High Costs for the Alteration of Current Infrastructure to Use DME
  • 4.2.2 Other Restraints
• 4.3 Industry Value Chain Analysis
• 4.4 Porter's Five Forces Analysis
  • 4.4.1 Bargaining Power of Suppliers
  • 4.4.2 Bargaining Power of Consumers
  • 4.4.3 Threat of New Entrants
  • 4.4.4 Threat of Substitute Products and Services
  • 4.4.5 Degree of Competition

5 MARKET SEGMENTATION (Market Size in Volume)

• 5.1 Application
  • 5.1.1 Propellants
  • 5.1.2 LPG Blending
  • 5.1.3 Fuel
  • 5.1.4 Other Applications
• 5.2 Source
  • 5.2.1 Natural Gas
  • 5.2.2 Coal
  • 5.2.3 Bio-based Products
• 5.3 Geography
  • 5.3.1 Asia-Pacific
    • 5.3.1.1 China
    • 5.3.1.2 India
    • 5.3.1.3 Japan
    • 5.3.1.4 South Korea
    • 5.3.1.5 Malaysia
    • 5.3.1.6 Thailand
    • 5.3.1.7 Indonesia
    • 5.3.1.8 Vietnam
    • 5.3.1.9 Rest of Asia-Pacific
  • 5.3.2 North America
    • 5.3.2.1 United States
    • 5.3.2.2 Canada
    • 5.3.2.3 Mexico
  • 5.3.3 Europe
    • 5.3.3.1 Germany
    • 5.3.3.2 United Kingdom
    • 5.3.3.3 France
    • 5.3.3.4 Italy
    • 5.3.3.5 Spain
    • 5.3.3.6 Nordic
    • 5.3.3.7 Turkey
    • 5.3.3.8 Russia
    • 5.3.3.9 Rest of Europe
  • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Colombia
    • 5.3.4.4 Rest of South America
  • 5.3.5 Middle-East & Africa
    • 5.3.5.1 Saudi Arabia
    • 5.3.5.2 South Africa
    • 5.3.5.3 Nigeria
    • 5.3.5.4 Qatar
    • 5.3.5.5 Egypt
    • 5.3.5.6 United Arab Emirates
    • 5.3.5.7 Rest of Middle-East & Africa

6 COMPETITIVE LANDSCAPE

• 6.1 Mergers, Acquisitions, Joint Ventures, Collaborations, and Agreements
• 6.2 Market Ranking Analysis
• 6.3 Strategies Adopted by Leading Players
• 6.4 Company Profiles
  • 6.4.1 DME-AEROSOL
  • 6.4.2 Grillo-Werke AG
  • 6.4.3 Jiutai Energy Group
  • 6.4.4 KOREA GAS CORPORATION
  • 6.4.5 Mitsubishi Corporation
  • 6.4.6 Nouryon
  • 6.4.7 Oberon Fuels, Inc.
  • 6.4.8 PCC Group
  • 6.4.9 Shell plc
  • 6.4.10 The Chemours Company
  • 6.4.11 ZPCIR

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

• 7.1 Growing Research for Use of DME as an Alternative Fuel
• 7.2 Under Established Market Offers Huge Potential for DME Growth