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Thursday, 18 April 2024
Monday, 18 Sep 2023 12:00 am

Dimethyl Ether Market is expected to reach US$ 12,808.32 million by 2030

The Global Dimethyl Ether Market size is projected to grow from USD 6,216.45 million in 2022 to USD 12,808.32 million by 2030.

By The Insight Partners

Rising Adoption of Dimethyl Ether from End-Use Industries Bolsters Dimethyl Ether Market Growth

According to our latest study on “Dimethyl Ether Market Forecast to 2030 – COVID-19 Impact and Global Analysis – by Application,” the dimethyl ether market size was valued at US$ 6,216.45 million in 2022 and is expected to reach US$ 12,808.32 million by 2030; it is estimated to register a CAGR of 9.5% from 2022 to 2030. The report highlights key factors driving the dimethyl ether market growth and prominent players along with their developments in the market.

Dimethyl ether, also known as methoxymethane, is a colorless gaseous ether with an ethereal odor. Dimethyl ether is widely used for blending with liquefied petroleum gas (LGP) in various heating and cooking applications due to its clean burning nature and compatibility with existing infrastructure. In consumer products, dimethyl ether is a propellant in aerosol products such as deodorants, hairsprays, and household cleaners. Its ability to create a fine mist and environmentally friendly characteristics contribute to its popularity as an aerosol propellant. The shift of the aerosol industry toward environmentally friendly and safer alternatives, coupled with the unique properties of DME, has led to a surge in the demand for dimethyl ether as a propellant. Manufacturers are keen to replace traditional, potentially harmful propellants with DME to align with regulatory standards and consumer preferences for sustainable and safe products. As a result, the growth of the aerosol propellant manufacturing industry has generated significant demand for DME.   Manufacturers are investing in DME production to meet the rising demand from the aerosol sector. This, in turn, has led to innovations in DME production techniques, transportation infrastructure, and application methods. The favorable environmental profile of DME, along with its functional benefits in aerosol formulations, positions it as a crucial component in the ongoing evolution of the aerosol industry. Dimethyl ether’s role extends to the energy sector. It can act as a fuel additive, enhancing combustion efficiency and reducing emissions when mixed with liquified natural gas (LNG) or diesel. It has potential in power generation systems, including fuel cells, which could provide clean and efficient energy solutions. Dimethyl ether also serves as a chemical intermediate. It can be used as a precursor in the production of various chemicals, including olefins and synthetic fuels. Its role as a solvent in industrial processes showcases its versatility in diverse manufacturing sectors. Thus, the increasing adoption of dimethyl ether across different end-use industries is expected to drive the dimethyl ether market growth.

Dimethyl Ether Market Breakdown – by Region

To get free sample copy of the report, along with the TOC, Statistics, and Tables please visit @ https://www.theinsightpartners.com/brochure/TIPRE00021787

Furthermore, the rising adoption of renewable dimethyl ether (rDME) is positively influencing the growth of the dimethyl ether market. As global concerns regarding climate change and environmental sustainability increase, industries and consumers seek cleaner and more sustainable energy sources. Renewable dimethyl ether, produced from renewable sources and waste feedstocks, aligns well with these aspirations and offers a compelling solution to reduce greenhouse gas emissions and dependence on fossil fuels. Renewable dimethyl ether has significant potential for lowering carbon emissions than conventional fossil fuels. rDME is produced from feedstocks such as biomass, agricultural residues, and waste materials, which are considered carbon-neutral or have a lower carbon footprint. Unlike traditional DME derived from fossil fuels, rDME cannot contribute to the net increase of carbon dioxide in the atmosphere when consumed as fuel. The transportation sector is a notable beneficiary of the rising adoption of rDME. Diesel engines can use rDME as a drop-in replacement for diesel fuel, requiring no modifications to existing infrastructure or engines. This ease of integration and the potential for immediate emission reductions make rDME an attractive option for reducing the carbon footprint of heavy-duty vehicles, trucks, and buses. Countries with ambitious emission reduction targets are particularly motivated to adopt rDME to achieve their sustainability goals.

Nouryon Chemicals Holding BV, Shell Plc, Mitsubishi Gas Chemical Co Inc, The Chemours Co, Aerosolex, Oberon Fuels Inc, Merck KGaA, Jiangsu July Chemical Co Ltd, Sichuan Lutianhua Co Ltd, and Grillo-Werke AG are among the players operating in the global dimethyl ether market. The global dimethyl ether market players focus on providing high-quality products to fulfill customer demand.

Impact of COVID-19 Pandemic on Dimethyl Ether Market

The COVID-19 pandemic has adversely altered the status of the chemicals & materials sector and negatively affected the dimethyl ether market growth. The implementation of measures to combat the spread of SARS-CoV-2 aggravated the situation and declined the growth of various industries. As a result, there was a sudden distortion in operational efficiencies and disruptions in the value chains; many industries faced several challenges owing to the shutdown of national and international boundaries. The COVID-19 pandemic restrained the import and export of dimethyl ether in different countries, hampering the dimethyl ether market growth. The shortage of dimethyl ether due to the COVID-19 pandemic increased its prices rapidly across the world. However, several companies operating in the manufacturing industries revived their businesses owing to the ease of restrictions in 2021. The demand for dimethyl ether began accelerating across the world, especially among the chemical, LPG blending, and aerosol propellant manufacturing sectors.

The report includes the segmentation of the dimethyl ether market as follows:

The global dimethyl ether market is segmented on the basis of application and geography. Based on application, the market is segmented into aerosol propellants, LPG blending, transportation fuel, power generation fuel, chemical feedstock, and others. By geography, the dimethyl ether market is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. The North America dimethyl ether market is further segmented into the US, Canada, and Mexico. The market in Europe is subsegmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The Asia Pacific market is further segmented into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The market in the Middle East & Africa is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The South & Central America market is subsegmented into Brazil, Argentina, and the Rest of South & Central America.

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