Dimethyl Ether Market Analysis and Forecast 2014-2020

Strategic Insights -

The global Dimethyl Ether (DME) market is expected to witness significant growth during the forecast period from 2014 to 2020, driven by increasing demand from various applications such as LPG blending, aerosol propellants, transportation fuel, and industrial uses. The market has been segmented based on application, raw material type, and regional demand, with a special emphasis on China.

Key Takeaways:

  • The global DME market is expected to reach a volume of 2.3 million kilo tons and revenue of $6.3 billion by 2020, growing at a CAGR of 10.3% and 12.1% respectively.
  • LPG blending is expected to account for the largest share of the DME market, followed by aerosol propellants and transportation fuel.
  • China is expected to be the largest market for DME, driven by increasing demand from the transportation fuel and LPG blending segments.
  • The North America and Europe regions are expected to experience moderate growth due to stringent regulations and high production costs.
  • Key players in the DME market include Jiutai Energy Group, Shenhua Ningxia Coal Industry Group Co., Ltd., and Korea Gas Corporation.
  • The market has been forecast based on constant currency rates, with prices of DME varying in each region depending on demand-supply scenarios.

Statistics:

  • Global DME market is expected to reach 2.3 million kilo tons by 2020, growing at a CAGR of 10.3%.
  • Revenue from the global DME market is expected to reach $6.3 billion by 2020, growing at a CAGR of 12.1%.
  • LPG blending is expected to account for 55.1% of the DME market share by 2020.
  • China is expected to account for 42.5% of the DME market share by 2020.
  • The North America region is expected to account for 15.6% of the DME market share by 2020.

Sources:

  • ReportBuyer Report
  • PR Newswire (April 23, 2015)
  • Jiutai Energy Group
  • Shenhua Ningxia Coal Industry Group Co., Ltd.
  • China Energy Ltd.
  • Korea Gas Corporation
  • Guangdong JOVO Group Co. Ltd.
  • Akzo Nobel N.V.
  • Grillo-Werke AG