Global Dimethyl Ether Market to Grow at a CAGR of 9.8% During 2024-2032, Aided by the Increased Emphasis on Reducing Dependence on Traditional Fossil Fuels

The Asia Pacific accounts for a significant market share due to the rapidly expanding automotive sector and the presence of automotive giants such as Toyota Motor Corp (NYSE: TM) in countries like South Korea and Japan. The rising number of automobiles increases the demand for fuel.

Compared to conventional fuels, dimethyl ether has a similar calorific value and thermal efficiency. It burns cleanly and produces little particle matter or emissions. Due to its physiochemical characteristics, it can be used as a blending agent or as a viable replacement for LPG, which is a propane and butane mixture.

Its great water miscibility, high solvency, zero GWP potential, and non-toxicity also make it ideal for use as an aerosol propellant in the chemical industry. For dimethyl ether to be liquid, a pressure of roughly 75 pounds per square inch (psi) is needed. The growing demand for alternatives to diesel and petrol for commercial purposes and logistics transportation supports the dimethyl ether market demand.

The continuous research and development activities drive the market expansion. In June 2023, IIT Kanpur researchers developed an engine that runs entirely on DME and has a mechanical fuel injection mechanism. The development of the first 100% Dimethyl Ether (DME)-fuelled tractor and vehicle in India for both on- and off-road uses sparked the need for a viable alternative fuel-based transportation system.

Compared to the standard diesel engine, it demonstrated reduced emissions and increased thermal efficiency. Without the need for sophisticated engine technologies, the DME-fuelled engine produced incredibly low emissions of particulate matter as well as almost no smoke. This makes it a viable alternative fuel and engine technology to replace conventional diesel engines used in the transportation and agricultural sectors of India's economy.

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Market Analysis by Raw Material, Application, and Region:

• Based on raw material, the market can be divided into coal, natural gas, methanol, and bio-based, among others.

• The various applications of dimethyl ether include LPG blending, aerosol propellant, fuel, and chemical feedstock, among others.

• The major regional markets for dimethyl ether include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• Increased emphasis on reducing dependence on traditional fossil fuels, rising focus on sustainability, and the introduction of government regulations to curb carbon emissions propel the dimethyl ether market demand.

• Increasing government investments in decarbonisation aids the market growth. The U.S. government allocated USD 32.5 million to support approaches outlined in the US National Blueprint for Transportation Decarbonisation. It contributes to the realisation of a fully clean, decarbonised transportation future that benefits citizens.

• Dimethyl ether is used as a feedstock in the production of a number of different compounds and intermediates. The demand for DME is influenced by applications such as propellants, solvents, and aerosols, where it is utilised as a propellant for PU foam spray cans.

• Advancements in dimethyl ether production technologies, such as the development of active catalysts that can withstand extreme pressure and high temperatures, further contribute to the market expansion.

Key Offerings of the Report:

• The EMR report gives an overview of the global dimethyl ether market for the periods (2018-2023) and (2024-2032).

• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the raw materials, applications, and major regions of dimethyl ether.

• It assesses the regional price trends for the (2018-2023) and (2024-2032) periods.

• The market report also analyses the trade data by covering the major importing and exporting countries.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global dimethyl ether market are Topsoe A/S, Mitsubishi Corporation, Grillo-Werke AG, Royal Dutch Shell Plc, Korea Gas Corporation, and Nouryon, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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