The Asia Pacific region's high demand for di-methyl ether-blended LPG is essentially driving dimethyl ether market growth. Many firms are investing in R&D to use DME as an alternative fuel to LPG, which is quite costly. Hence, in order to conserve money and make better use of DME, numerous manufacturers are investing in R&D. This is projected to boost the market's growth. Dimethyl ether's reduced viscosity and lubricity limits its application in diesel engines. Inadequate lubrication and viscosity cause wear and tear in the automobile system. As a result, dimethyl ether as diesel is incompatible with automobile systems. This is predicted to slow the growth of the dimethyl ether market. The lack of distribution networks is impeding the supply chain's ability to satisfy the product's expanding demand. As a result, the product is still unavailable to a huge number of consumers due to a lack of proper distribution networks. This is predicted to slow the growth of the dimethyl ether market.
According to Coherent Market Insights, Global Di Methyl Ether Market was valued at US$ 8190.50 Million in 2021 in terms of revenue, exhibiting a CAGR of 8.8 % during the forecast period (2022 to 2030).
Key Companies in the Di-Methyl Ether Industry:
1. Korea Gas Corporation
Korea Gas Corporation engages in the exploration, development, production, import, and wholesale of liquefied natural gas (LNG), compressed natural gas, and natural gas in South Korea and internationally. The company was incorporated in 1983 and is headquartered in Daegu, South Korea.
2. Royal Dutch Shell PLC
Shell plc operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and Rest of the Americas. The company operates through Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions segments. . The company was formerly known as Royal Dutch Shell plc and changed its name to Shell plc in January 2022. Shell plc was founded in 1907 and is headquartered in London, the United Kingdom.
3. Akzo Nobel NV
Akzo Nobel N.V. engages in the production and sale of paints and coatings worldwide. Akzo Nobel N.V. was founded in 1646 and is headquartered in Amsterdam, the Netherlands. It offers its products primarily under AkzoNobel, Alabastine, Alba, Andercol, Apla, Armstead Trade, Astral, AwlGrip, Dulux, Bruguer, Cetabever, Cetol, Chemcraft, Colourland Paints, Coral, Cromadex, Cuprinol, Dynacoat, Flexa, Glitsa, Grip-Gard, Zweihorn, Xylazel, Xyladecor, Wanda, Vpowdertech, Vivechrom, U-tech, Trimetal, Titanlux, Taubmans, Sparlack, Sikkens, Savana, and Salcomix, as well as Sadolin, Resicoat, Relest, Procolor, Polyfilla, Polycell, Pinotex, Pintuco, Oxirite, Nordsjo, Molto, Modern Classikk, Maxilite, Mauvilac, Mason CT, Marshall, Laxol, Levis, Lesonal, Interpon, International, Interlux, Innenweis, Inca, Herbol, and Hammerite brands.
4. Oberon Fuels, Inc.
Oberon Fuels is bringing DME to North America with its proprietary skid-mounted, modular, small-scale process. The Oberon production units use various feedstocks—such as biogas, natural gas, and stranded gas—and they produce 3,000–10,000 gallons of DME per day. While DME has been in development for several decades, market forces such as increasing emission regulations, the spread between natural gas and crude oil pricing, and innovations in processing technology make now an exciting time to commercialize DME particularly in the heavy-duty trucking sector. Oberon Fuels will be the first to market in North America. The company was founded in 2010, headquartered in California, U.S. In July 2019 Oberon Fuels has received a grant for almost US$ 2.9 million from the California Energy Commission (CEC) for a project to produce the first renewable dimethyl ether (rDME) fuel in the US. In February 2020, Oberon Fuels, a producer of ultra-low-carbon, renewable dimethyl ether (rDME) transportation fuel, and SHV Energy, the distributor of propane fuel, partnered to increase the use of renewable DME to reduce the carbon footprint of transportation fuel.
5. Grillo-Werke AG
Grillo-Werke Aktiengesellschaft specialize in chemical products, IT services and property management. The company was founded in 1842, headquartered in Germany.
6. Shenhua Ningxia Coal Industry Group Co., Ltd.
Jinneng Holding Shanxi Coal Industry is a coal production, washing, processing, and sales company. The coal products are used in many industries, such as electric power, metallurgy, building materials, and chemical industry, and are favored by users. They also machinery manufacturing, industrial equipment maintenance of railway track. The company was founded in 2001, headquartered in China.
7. E. I. du Pont de Nemours & Co
E.I. du Pont de Nemours & Co is a diversified chemical company operating in more than 80 countries. Its massive portfolio includes agriculture, feed and nutrition, electronics and communication, construction and transportation, and safety and protection. DuPont has tried to move into more specialized products. The company has also increased its research into genetically modified seed technologies, making it one of the most prominent global seed providers. DuPont and Dow Chemical have agreed to a merger of equals that is scheduled to close in the second half of 2017. The company was founded in 1801, headquartered in Wilmington, U.S.
8. Mitsubishi Corporation
Mitsubishi Corporation engages in the natural gas, industrial materials, petroleum and chemicals, mineral resources, industrial infrastructure, automotive and mobility, food and consumer industry, power solution, and urban development businesses worldwide. The company's Petroleum & Chemicals segment invests in, develops, and trades in crude oil and oil products, LPG, ethylene, methanol, salt, ammonia, plastics, and fertilizers. Its Mineral Resources segment invests in and develops metallurgical coal, copper, iron ore, and aluminum resources. The company was incorporated in 1950 and is headquartered in Tokyo, Japan.
*Definition-Dimethyl ether is a colourless, odourless, low-boiling-point gas. It is made from a variety of raw sources, including methanol, coal, biomass, and natural gas. It has no sulphur content, making it an ideal energy source, and it is extensively utilised as a solvent in numerous industries such as petrochemical and chemical.
