Bio-Based and Synthetic Dimethyl Ether Market Size - Global Industry, Share, Analysis, Trends and Forecast 2022 - 2030
The Global Bio-Based and Synthetic Dimethyl Ether Market Size accounted for USD 10.3 Billion in 2021 and is projected to occupy a market size of USD 22.9 Billion by 2030 growing at a CAGR of 9.4% from 2022 to 2030.
Dimethyl ether (DME) is the most basic aliphatic ether present. It is currently produced by dehydrating methanol; however, researchers are looking into it for environmentally friendly Raw Materialion from biogenic methane or biomass derived from cellulose or lignin. At room temperature, Dimethyl ether is a colorless gas, non-toxic, slightly narcotic, highly flammable gas that can be handled as a liquid when lightly pressurised. DME has properties that are similar to Liquefied Petroleum Gas (LPG). DME is a greenhouse gas that degrades in the atmosphere. DME is primarily used in the synthesis of other small molecules such as acetic acid and dimethyl sulphate. It can also be used as a spray propellant and as a refrigerant to swap chlorofluorocarbons. It has been proposed as a more environmentally friendly fuel than hydrocarbons.
Bio-Based and Synthetic Dimethyl Ether Market Report Statistics
- Global bio-based and synthetic dimethyl ether (DME) market revenue is projected to reach USD 22.9 Billion by 2030 with a CAGR of 9.4% from 2022 to 2030
- Asia-Pacific bio-based and synthetic dimethyl ether market share generated over 80% shares in 2021
- North America bio-based and synthetic dimethyl ether market growth will register CAGR of over 10% from 2022 to 2030
- Based on raw material, fossil fuel based recorded over 68% of the overall market share in 2021
- Growing demand for efficient aerosol propellant is a popular bio-based and synthetic dimethyl ether market trend that fuels the industry demand
Global Bio-Based and Synthetic Dimethyl Ether (DME) Market Dynamics
Market Drivers
- Increasing environmental concerns
- Growing demand in LPG applications
- Rising demand in end-use industries such as paints, pharma, personal care, home care etc
Market Restraints
- Incompatibility issues in fuel injection and fuel delivery
- Lack of lubricity of DME fuel
Market Opportunities
- Increasing trend for greener fuels
- Rapid urbanization and industrialization in emerging nations
Bio-Based and Synthetic Dimethyl Ether Market Report Coverage
| Market | Bio-Based and Synthetic Dimethyl Ether Market |
| Bio-Based and Synthetic Dimethyl Ether Market Size 2021 | USD 10.3 Billion |
| Bio-Based and Synthetic Dimethyl Ether Market Forecast 2030 | USD 22.9 Billion |
| Bio-Based and Synthetic Dimethyl Ether Market CAGR During 2022 - 2030 | 9.4% |
| Bio-Based and Synthetic Dimethyl Ether Market Analysis Period | 2018 - 2030 |
| Bio-Based and Synthetic Dimethyl Ether Market Base Year | 2021 |
| Bio-Based and Synthetic Dimethyl Ether Market Forecast Data | 2022 - 2030 |
| Segments Covered | By Raw Material, By Application, And By Geography |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled | Guangdong JOVO Group, China Energy Ltd., Grillo-Werke AG, Akzo Nobel NV, Mitsubishi Corporation, Royal Dutch Shell, Shenhua Ningxia Coal Industry Group, Korea Gas Corporation, and Oberon Fuels. |
| Report Coverage |
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
Bio-Based and Synthetic Dimethyl Ether Market Growth Factors
Dimethyl ether (DME) market for LPG mixing is unmistakable as it has been broadly utilized crosswise over regional and family industry for heating and cooking applications. Mixed LPG is a cleaner wellspring of energy age and hereafter has been completely energized for regional applications by government and regional bodies through strict ecological enactments. Notwithstanding, product is a fuel with no lubricity, conventional fuel conveyance and fuel infusion frameworks are not perfect with it. Because of which diesel motors need a fuel-tolerant infusion framework to work on the product. These variables are probably going to hamper the bio-based and synthetic dimethyl ether market development in not so distant future.
Bio-Based and Synthetic Dimethyl Ether (DME) Market Segmentation
The global bio-based and synthetic dimethyl ether market is segmented based on raw material, application, and geography.
Bio-Based and Synthetic Dimethyl Ether Market By Raw Material
- Fossil Fuel Based
- Bio-based
According to bio-based and synthetic dimethyl ether industry analysis, the fossil fuel-based sub-segment generated significant market revenue in 2021 and is expected to maintain dominance in the coming years. This is due to the abundant supply of fossil fuels such as natural gas, which can be easily recovered using advanced technologies. Aside from that, the oil and gas industry's increasing approach to launching efficient equipment for easily recouping fossil fuels for developing DME is also driving demand for fossil fuel-based DME.
Bio-Based and Synthetic Dimethyl Ether Market By Application
- LPG Blending
- Aerosol Propellants
- Transportation Fuel
- Others
According to the bio-based and synthetic dimethyl ether market forecast, the LPG blending and aerosol propellants sub-segments are expected to collect a notable market share during 2022 to 2030. Bio-based and synthetic dimethyl ether (DME) is widely used in LPG applications, primarily in domestic cooking and heating. Additionally, rising governments' stringent environmental laws promoting LPG blending for environmental sustainability are expected to fuel expansion of the worldwide bio-based and synthetic dimethyl ether (DME) market.
Bio-Based and Synthetic Dimethyl Ether Market Regional Outlook
North America
- U.S.
- Canada
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- India
- Japan
- China
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
The Middle East & Africa
- South Africa
- GCC Countries
- Rest of the Middle East & Africa (ME&A)
Bio-Based and Synthetic Dimethyl Ether Market Regional Analysis
Worldwide dimethyl ether market was driven by Asia-Pacific area in 2021 with an offer of over 80%. Rising trends for LPG mixed with product for residential cooking application in the APAC nations including India, China, and Indonesia will impel the Asia Pacific bio-based and synthetic dimethyl ether (DME) market in the conjecture time frame. Besides, considerable activities by Indian government to uproot lamp fuel by DME and the developing urbanization in the district likewise present more brilliant need viewpoints for product in LPG blending. Europe was the second most astounding donor in 2021. Product has been increasing wide acknowledgment as an elective fuel for pressure start motors in Europe, which will probably drive the regional dimethyl ether market share amid the forecast period.
North America was positioned third as far as volume and income in by and large dimethyl ether market in 2018. The tremendous product demand as aerosol propellant in the district will help the market share in not so distant future. Latin American nations will probably observe a slight ascent in the product market over the estimate time frame, attributable to the expanding product demand modern applications in the area.
Bio-Based and Synthetic Dimethyl Ether Market Players
Guangdong JOVO Group, China Energy Ltd., Grillo-Werke AG, Akzo Nobel NV, Mitsubishi Corporation, Royal Dutch Shell, Shenhua Ningxia Coal Industry Group, Korea Gas Corporation, and Oberon Fuels are the some businesses catering to the global bio-based and synthetic dimethyl ether market.
Frequently Asked Questions
What is the size of global bio-based and synthetic dimethyl ether market in 2021?
The market size of bio-based and synthetic dimethyl ether market in 2021 was accounted to be USD 10.3 Billion.
What is the CAGR of global bio-based and synthetic dimethyl ether market during forecast period of 2022 to 2030?
The projected CAGR of bio-based and synthetic dimethyl ether market during the analysis period of 2022 to 2030 is 9.4%.
Which are the key players operating in the market?
The prominent players of the global bio-based and synthetic dimethyl ether market include Guangdong JOVO Group, China Energy Ltd., Grillo-Werke AG, Akzo Nobel NV, Mitsubishi Corporation, Royal Dutch Shell, Shenhua Ningxia Coal Industry Group, Korea Gas Corporation, and Oberon Fuels.
Which region held the dominating position in the global bio-based and synthetic dimethyl ether market?
North America held the dominating bio-based and synthetic dimethyl ether during the analysis period of 2022 to 2030.
Which region registered the fastest growing CAGR for the forecast period of 2022 to 2030?
Asia-Pacific region exhibited fastest growing CAGR for bio-based and synthetic dimethyl ether during the analysis period of 2022 to 2030.
What are the current trends and dynamics in the global bio-based and synthetic dimethyl ether market?
Increasing environmental concerns, growing demand in LPG applications, and rising demand in end-use industries such as paints, pharma, personal care, home care etc drives the growth of global bio-based and synthetic dimethyl ether market.
Which raw material held the maximum share in 2021?
Based on raw material, fossil fuel based segment is expected to hold the maximum share of the bio-based and synthetic dimethyl ether market.
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