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Asia Pacific Dimethyl Ether Market Size, Share, Analysis: By Raw Material: Coal, Natural Gas, Methanol, Bio-Based; By Application: LPG Blending, Aerosol Propellant, Fuel, Chemical Feedstock, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032
Asia Pacific Dimethyl Ether Market Outlook
The Asia Pacific dimethyl ether market size reached approximately USD 4.81 billion in 2023. The market is estimated to grow at a CAGR of 10.6% in the forecast period of 2024-2032, reaching a value of around USD 12.04 billion by 2032.
Key Trends in the Market
Dimethyl ether (DME) is a colourless and non-toxic organic compound which is mainly derived from raw materials such as coal, biogas, and methanol, among others. It exists in gaseous form and is primarily produced by the dehydration of methanol.
- Increased focus on decarbonisation in the automotive sector to drive sustainability is one of the key Asia Pacific dimethyl ether market trends. DME contains low concentrations of CO2, NOx, soot, and other pollutants, which makes it a suitable option for green fuels in vehicles.
- DME also finds growing applications as an organic solvent for the extraction of natural compounds such as lipids, due to its medium porosity and partial miscibility.
- With the rising trend of sustainability in the region, several manufacturers are producing DME from renewable sources or waste products such as biomass or biogenic methane to contribute to the circular economy.
- Join ventures and partnerships between market players to launch new production plants and enhance the production volume of DME also provides impetus to the Asia Pacific dimethyl ether market growth.
Market Analysis
Based on raw material, the market is divided into coal, natural gas, methanol, and bio-based. The Asia Pacific dimethyl ether market segmentation, on the basis of application, includes LPG blending, aerosol propellant, fuel, and chemical feedstock, among others. Based on country, the market is segmented into China, India, Japan, South Korea, ASEAN, and Australia, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Asia Pacific dimethyl ether market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Guangdong JOVO Chemical Co., Ltd.
- Sichuan Lutianhua Co., Ltd.
- The Chemours Company
- Shandong Yuhuang Chemical Co., Ltd
- Grillo-Werke AG
- Mitsubishi Corporation
- Vizag Chemical International
- Others
Market Share by Application
LPG blending occupies a significant portion of the Asia Pacific dimethyl ether market share, owing to the increased use of dimethyl ether with LPG fuel to improve its combustion and reduce harmful emissions. The widespread applications of LPG in the residential sector as a cooking fuel as well as the industrial sector as a power generation fuel also aid the DME market expansion.
Moreover, research and developmental efforts by several market players to increase the DME ratio in blended LPG fuel also support the segment’s growth.
Market Share by Country
As per the Asia Pacific dimethyl ether market analysis, China accounts for a substantial share of the regional market, due to the rising emphasis on clean energy in the country. China also aims to reduce oil consumption in the country by incorporating green alternative fuels such as DME-based fuel for domestic and commercial purposes.
Moreover, India is expected to witness robust growth in the upcoming years, owing to the high usage of LPG for domestic cooking which creates lucrative opportunities for the DME market.
Competitive Landscape
Sichuan Lutianhua Co., Ltd., established in 1999, is a chemical company, with its headquarters in Sichuan, China. Its product range includes ammonium nitrate, urea, HA urea, chelated potassium and zinc urea, and compound fertiliser, among others.
The Chemours Company is a manufacturer of chemicals, founded in 2015 and based in Delaware, the United States. The company offers its services in the sectors of architectural coating, connectivity and advanced electronics, electric vehicles, and medical, among others.
Mitsubishi Corporation, founded in 1870, provides business solutions in the fields of energy, infrastructure, and logistics. The company, headquartered in Tokyo, Japan, implements several environmental policies to promote sustainability in its operations.
Other Asia Pacific dimethyl ether market players include Guangdong JOVO Chemical Co., Ltd., Shandong Yuhuang Chemical Co., Ltd, Grillo-Werke AG, and Vizag Chemical International, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Raw Material |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Dimethyl Ether Market Overview
8.1 Asia Pacific Dimethyl Ether Historical Supply (2018-2023)
8.2 Asia Pacific Dimethyl Ether Supply Forecast (2024-2032)
8.3 Asia Pacific Dimethyl Ether Historical Demand (2018-2023)
8.4 Asia Pacific Dimethyl Ether Supply Forecast (2024-2032)
8.5 Asia Pacific Dimethyl Ether Market by Raw Material
8.5.1 Coal
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Natural Gas
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Methanol
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Bio-Based
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.6 Asia Pacific Dimethyl Ether Market by Application
8.6.1 LPG Blending
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Aerosol Propellant
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Fuel
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Chemical Feedstock
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Others
8.7 Asia Pacific Dimethyl Ether Market by Country
8.7.1 China
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 India
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Japan
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 South Korea
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 ASEAN
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
8.7.6 Australia
8.7.6.1 Historical Trend (2018-2023)
8.7.6.2 Forecast Trend (2024-2032)
8.7.7 Others
9 Market Dynamics
9.1 SWOT Analysis
9.1.1 Strengths
9.1.2 Weaknesses
9.1.3 Opportunities
9.1.4 Threats
9.2 Porter’s Five Forces Analysis
9.2.1 Supplier’s Power
9.2.2 Buyer’s Power
9.2.3 Threat of New Entrants
9.2.4 Degree of Rivalry
9.2.5 Threat of Substitutes
9.3 Key Indicators for Demand
9.4 Key Indicators for Price
10 Value Chain Analysis
11 Price Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Guangdong JOVO Chemical Co., Ltd.
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Sichuan Lutianhua Co., Ltd.
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 The Chemours Company
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Shandong Yuhuang Chemical Co., Ltd
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Grillo-Werke AG
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Mitsubishi Corporation
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Vizag Chemical International
12.2.7.1 Company Overview
12.2.7.2 Product Portfolio
12.2.7.3 Demographic Reach and Achievements
12.2.7.4 Certifications
12.2.8 Others
13 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Dimethyl Ether Market: Key Industry Highlights, 2018 and 2032
2. Asia Pacific Dimethyl Ether Historical Market: Breakup by Raw Material (USD Billion), 2018-2023
3. Asia Pacific Dimethyl Ether Market Forecast: Breakup by Raw Material (USD Billion), 2024-2032
4. Asia Pacific Dimethyl Ether Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Asia Pacific Dimethyl Ether Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Asia Pacific Residential Boiler Historical Market: Breakup by Country (USD Billion), 2018-2023
7. Asia Pacific Residential Boiler Market Forecast: Breakup by Country (USD Billion), 2024-2032
8. Asia Pacific Dimethyl Ether Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 4.81 billion.
The market is projected to grow at a CAGR of 10.6% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 12.04 billion by 2032.
The major market drivers are the growing demand for DME as an aerosol propellant and the rising applications of DME as a fuel.
The key trends of the market include increased focus on decarbonisation in the automotive sector, growing applications of DME as an organic solvent, rising trend of sustainability, and joint ventures and partnerships between the market players.
The major countries are China, India, Japan, South Korea, ASEAN, and Australia, among others.
Different raw materials are coal, natural gas, methanol, and bio-based.
The key players in the market are Guangdong JOVO Chemical Co., Ltd., Sichuan Lutianhua Co., Ltd., The Chemours Company, Shandong Yuhuang Chemical Co., Ltd, Grillo-Werke AG, Mitsubishi Corporation, and Vizag Chemical International, among others.
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