Press Release   -

Dimethyl Ether Market to Reach USD 19.2 Billion By 2032

According to analysts at Vantage Market Research, the Global Dimethyl Ether Market size is worth USD 8.7 Billion in 2023 and is projected to reach USD 19.2 Billion by 2032, growing at a CAGR (Compound Annual Growth Rate) of 9.2 % from 2024 to 2032.  ​The dimethyl ether (DME) market is primarily driven by the increasing demand for cleaner fuels in response to growing environmental concerns and stringent regulations against high-emission fuels, especially in the automotive sector.

Market Overview

​The dimethyl ether (DME) market is gaining momentum due to the increasing recognition of DME as a clean, sustainable alternative to traditional fossil fuels.​ Its applications span various sectors, including its prominent role in LPG blending, where it enhances combustion efficiency while minimizing harmful emissions. As countries strive to meet stringent environmental standards, DME is emerging as a critical player in the shift toward cleaner energy sources. This trend is particularly pronounced in regions like Asia-Pacific, where the demand for environmentally friendly energy solutions is rising, significantly boosting the adoption of DME in domestic and industrial applications.

DME is produced from diverse feedstocks, including natural gas, coal, and biomass, making it a versatile option in the energy sector. The market is characterized by significant advancements in production technologies that improve the efficiency and cost-effectiveness of DME manufacturing. Furthermore, ongoing research into using DME as an alternative fuel for transportation and as a chemical feedstock adds to its appeal. As global interest in renewable energy solutions continues to grow, the DME market is expected to evolve, leveraging its unique properties to offer a viable solution to the challenges posed by conventional fuels.

Lummus Technology Launches CDDMESM for Renewable DME Production

In May 2024, Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced the commercial availability of CDDMESM, a new renewable dimethyl ether (DME) technology enhanced through catalytic distillation (CD). This innovation represents a significant step forward in sustainable energy solutions.

Key Takeaways from the Report

• Asia Pacific emerged as the dominant Dimethyl Ether market in 2023, with a market share exceeding 43.1%
• The North America region is poised for substantial growth from 2024 through 2032, underscoring its significance as a key market driver
• By Procedure, the LPG blending segment captures the highest market share of 41.1 % in 2023  
• In 2023, the Natural Gas segment dominated the market with the largest share
• Recent advancements in total Dimethyl Ether surgeries and the introduction of artificial intelligence have boosted the success rate of these procedures, encouraging more patients to opt for them
• The dimethyl ether (DME) market is witnessing increasing demand driven by the global transition towards cleaner and more sustainable energy sources

Top Companies

• Toyo Engineering Corporation
• Oberon Fuels Inc.
• TOTAL S.A.
• Ferrostaal GmbH
• Grillo-Werke AG
• China Energy Limited
• Praxair, Inc
• Guangdong JOVO Group Co., Ltd
• Royal Dutch Shell plc

Latest News

DCC plc and Oberon Fuels Collaborate on Renewable DME Plants

• In March 2023, DCC plc collaborated with Oberon Fuels to enhance the design, building, and operation of various renewable DME manufacturing plants across Europe. The companies conducted an initial feasibility assessment, revealing strong market demand for a sustainable alternative to Liquid Petroleum Gas (LPG).

India Develops 100% DME-Fuelled Tractor for Sustainable Transport

In June 2023, India’s first 100% Dimethyl Ether (DME)-fuelled tractor/vehicle for on- and off-road applications was developed, initiating a new chapter in the crusade for a sustainable alternate fuel-based transport system. DME is a renewable fuel that can be produced indigenously, offering a viable alternative to imported crude oil. While other countries like Japan, USA, China, Sweden, Denmark, and Korea have already adopted DME for powering vehicles, its use in internal combustion (IC) engines remains largely unexplored in India.

About Vantage Market Research:

We, at Vantage Market Research, provide quantified B2B high quality research on more than 20,000 emerging markets, in turn, helping our clients map out constellation of opportunities for their businesses. We, as a competitive intelligence market research and consulting firm provide end to end solutions to our client enterprises to meet their crucial business objectives. Our clientele base spans across 70% of Global Fortune 500 companies. The company provides high quality data and market research services. The company serves various enterprises and clients in a wide variety of industries. The company offers detailed reports on multiple industries including Chemical Materials and Energy, Food and Beverages, Healthcare Technology, etc. The company’s experienced team of Analysts, Researchers, and Consultants use proprietary data sources and numerous statistical tools and techniques to gather and analyse information.