The 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.
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The report also provides insights into the top companies operating in the market:
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.
Further key findings from the report suggest:
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.
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Market Insights:
Power is among the most critical component of infrastructure, crucial for the economic growth and welfare of nations. The existence and development of adequate infrastructure is essential for sustained growth of the Indian economy.
Sources of power generation range from conventional sources such as coal, lignite, natural gas, oil, hydro and nuclear power to viable non-conventional sources such as wind, solar, and agricultural and domestic waste. Electricity demand has increased rapidly and is expected to rise further in the years to come. In order to meet the increasing demand for electricity massive addition to the installed generating capacity is required, which is expected to foster power and energy market growth. In addition, new capital investments of power projects by both public private sectors, smart grid to better manage services reduce transmission losses, use of smart metering to cater to growing electricity demand will further foster market size through 2028.
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Source Outlook
Natural
Synthetic
End-Use Verticals Outlook
LPG Blending
Aerosol Propellant
Refrigerant Freeze Spray
Chemical Solvent
Others
Regions covered by the report:
North America (U.S.A., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of Europe)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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