Global Dimethyl Ether Market Report and Forecast 2023-2028

Global Dimethyl Ether Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the global dimethyl ether market is projected to grow at a CAGR of 9.8% between 2023 and 2028. Aided by the growing appeal of the compound as an eco-friendly alternative fuel and its extensive applications across diverse industries, the market is expected to grow significantly by 2028.

Dimethyl ether, a colourless gas derived from a variety of renewable materials and fossil fuels, is an effective propellant in spray cans, primarily for deodorants. Beyond its role in the personal care sector, DME stands out for its potential as a clean alternative to traditional diesel for transportation. With its high cetane number and ability to ensure a soot-free combustion, DME represents a promising avenue in the evolution of clean fuels.

The heightened emphasis on eco-friendly energy sources and the consistent push to reduce greenhouse gas emissions drive the global dimethyl ether market growth. As countries worldwide grapple with the dire consequences of climate change, the shift towards cleaner, sustainable fuels has gained unprecedented momentum. DME, with its minimal carbon footprint, plays into this narrative, positioning itself as a pivotal player in the quest for green energy alternatives.

Furthermore, the versatility of dimethyl ether significantly boosts its market prospects. Apart from its potential as a diesel alternative, DME finds applications in the production of olefins like ethylene and propylene. These olefins are fundamental in synthesising various polymers and resins, thereby making DME indispensable in the larger chemical industry framework.

As per the dimethyl ether market analysis, the expanding realm of LPG (liquefied petroleum gas) also underscores the importance of DME. Given its similar properties to LPG, DME can be blended seamlessly with it, enhancing the latter's calorific value and performance. This fusion holds particular relevance in domestic heating and cooking, further underpinning the compound's market significance.

Health concerns over aerosol propellants, especially chlorofluorocarbons (CFCs), have led industries to seek safer alternatives, bringing DME into the spotlight. With its environmentally benign nature and efficiency as a propellant, DME is increasingly replacing conventional aerosols in spray cans, especially in the rapidly growing personal care sector.

Industrial growth, especially in emerging economies, plays a pivotal role in the impacting the dimethyl ether market outlook. As industries expand, the need for clean fuels and essential chemicals increases, directly translating into escalated demand for dimethyl ether. The ongoing urbanisation and infrastructure development further provide impetus to the market, given the compound's applications in various construction-related processes.

Market Segmentation

The market can be divided based on raw material, application, and region.

Market Breakup by Raw Material

• Coal
• Natural Gas
• Methanol
• Bio-Based
• Others

Market Breakup by Application

• LPG Blending
• Aerosol Propellant
• Fuel
• Chemical Feedstock
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global dimethyl ether market. Some of the major players explored in the report by Expert Market Research are as follows:

• Topsoe A/S
• Mitsubishi Corporation
• Grillo-Werke AG
• Royal Dutch Shell Plc
• Korea Gas Corporation
• Nouryon
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.