Dimethyl Ether: Rising Demand from Crude Oil as well as LPG Consumption will boost the growth of the global market

Dimethyl Ether Market Size was valued at USD 5.05 Billion in 2022. The Dimethyl Ether industry is projected to grow from USD 6.02 Billion in 2023 to USD 12.83 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 12.35% during the forecast period (2023 - 2030).

Dimethyl Ether (DME) have a number of uses in products and are most commonly used as a replacement for propane in liquid petroleum gas (LPG), but can also be used as a replacement for diesel fuel in transportation. Dimethyl Ether is a colorless volatile poisonous liquid compound used as a solvent, fuel, aerosol, propellant and refrigerant.

Some of the prominent factors that positively influence the growth of dimethyl ether market are increasing dimethyl ether demand which has several fuel properties that make it attractive for use in diesel engines, rising demand for LPG blending with DME owing to reduce the overall cost of the mixture, and increasing demand clean energy. DME is utilized as an aerosol propellant which in turn to help spray the vapor state paints or coatings in a pressurized container. This is anticipated to fuel the demand of Dimethyl Ether for manufacturing paints & coatings and expected to drive the growth of the market over the forecast period, 2023 - 2030. High adoption rate along with the increasing number of LPG plants to meet the energy for the ever-growing population. Moreover, continuous expansion of automotive sector as well as shifting manufacturers focus towards clean energy fuel is estimated to fuel the growth of the market during the review period, 2023 - 2030. However, growing environmental concern regarding the toxic effect of diesel and other related fuels along with the implementation of strict regulations are predicted to positively impact the market growth over the assessment period, 2023 - 2030.

Key Players:

The prominent players in the Global Dimethyl Ether Market are Akzo Nobel N.V. (the Netherlands), China Energy Limited (China), The Chemours Company (U.S.), Mitsubishi Corporation (Japan), Royal Dutch Shell plc (the Netherlands), Ferrostaal GmbH (Germany), Grillo Werke AG (Germany), Jiutai Energy Group (China), Oberon Fuels (U.S.), and Zagros Petrochemical Company (Iran) among others.

Regional Analysis:

The Middle East & Africa is estimated to be the largest Dimethyl Ether Market followed by North America and Europe due to strong existence of crude oil reserves which reduces the raw material demand gap for DME. In Europe, Germany, Russia, and Spain are predicted to register a strong growth on account of tremendous demand for Dimethyl Ether in aerosol propellant manufacturing. In Asia Pacific, countries such as China, India, and South Korea are the fastest growing market for dimethyl ether, and is estimated to grow with the same pace over the forecast period. Improving living standards along with the flourishing growth of LPG manufacturing industries is predicted to contribute to the regional market growth. In North America, U.S and Mexico are among the major contributors in the regional market growth due to expansion of offshore and onshore activities as well as increasing innovations.

Segmentation:

The Global Dimethyl Ether Market is segmented on the basis of raw materials, application and region. On the basis of raw materials the market is divided into natural gas, coal, biomass, and others. Based on application, Global Dimethyl Ether Market is segmented into transportation fuel, aerosol propellant, liquefied natural gas (LPG) blending, and others.  Geographically, the market is divided into five key regions including Asia Pacific, Europe, North America, Middle East & Africa, and Latin America.

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