Bio-Based and Synthetic Dimethyl Ether Market Size

BEIJING, Nov. 24 2022 (GLOBE NEWSWIRE) — The Global Bio-Based and Synthetic Dimethyl Ether Market The estimated size is $10.3 Billion in 2021 and is expected to occupy a market size of $22.9 Billion by 2030 growing at a CAGR of 9.4% from 2022 to 2030.

Bio-based and synthetic dimethyl ether is used as a fuel raw material in the splendidly structured start of diesel motors because of its high cetane number, which provides a better start in pressure motors. It is an alternative to diesel and a cleaner source of energy that protects the environment from harmful contamination. Expanding car sales, requiring affordable fuel replacements, and expanding R&D activities from key players to develop excellent DME motorcycles will support industry development by 2030.

Bio-Based and Synthetic Dimethyl Ether Market Statistics

  • The global bio-based and synthetic dimethyl ether market was valued at $10.3 Billion in 2021 and is expected to grow at a CAGR of 9.4% from 2022 to 2030.
  • Asia-Pacific dimethyl ether market revenue to exceed 80% market share in 2021
  • North America and North America dimethyl ether dimethyl ether market growth will register a substantial CAGR of more than 10% from 2022 to 2030.
  • Among raw materials, fossil fuels will collect approximately 68% of the stock in 2021.
  • Growing demand for green fuel is a global and synthetic dimethyl ether market trend driving industrial demand

Bio-Based and Synthetic Dimethyl Ether Market Growth Factors

  • Rising environmental problems
  • Demand growth in the end use industry
  • Increase adoption in LPG applications

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Bio and Synthetic Based Dimethyl Ether Market Report Coverage:

marketBio-Based and Synthetic Dimethyl Ether Market
Bio-Based and Synthetic Dimethyl Ether Market Size 2021USD 10.3 billion
Bio-Based and Synthetic Dimethyl Ether Market Forecast 2030USD 22.9 billion
Bio-Based and Synthetic Dimethyl Ether Market CAGR During 2022 – 20309.4%
Bio-Based and Synthetic Dimethyl Ether Market Period of Analysis2018 – 2030
Bio-Based and Synthetic Dimethyl Ether Market Elementary Years2021
Bio-Based and Synthetic Dimethyl Ether Market Forecast Data2022 – 2030
Section CoveredBy Raw Material, By Application, And By Geography
Bio-Based and Synthetic Dimethyl Ether Market Regional areaNorth America, Europe, Asia Pacific, Latin America, and the Middle East & Africa
Key Companies ProfiledGuangdong 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 CoverageMarket trends, drivers, restraints, Competitive analysis, Player profiles, Regulatory analysis

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Bio-Based and Synthetic Dimethyl Ether Market Segmentation

The global market for bio-based and synthetic dimethyl ether is segmented by raw material, application, and region. The global bio-based and synthetic dimethyl ether market is segmented into two segments based on feedstock: fossil fuel-based and bio-based. The global bio-based and synthetic dimethyl ether market is segmented into four applications: LPG blends, aerosol propellants, transportation fuels, and industrial. The global bio-based and synthetic dimethyl ether market is segmented into Europe, Latin America, North America, the Middle East and Africa, and Asia-Pacific.

Bio-Based and Synthetic Dimethyl Ether Market Share

Bio-based products are created by not hydrating methanol, while non-renewable energy-based products are delivered from dead plants and creatures. Petroleum-based dimethyl ether accounts for approximately 85% of the market in 2021 and is expected to grow at an unprecedented rate in the coming years. The main reason for the large share of DME based on petroleum products is the abundance of combustible gas reserves below the earth’s surface, which can be effectively recovered with advanced technology.

LPG blends accounted for the largest DME share of the entire industry in 2021 and will see critical demand in the coming years. Blended LPG has been supported mainly in Asia-Pacific to reduce the toxicity in the environment caused by the application of unblended LPG in heating and cooking for domestic purposes. Governments and subnational administrative bodies have enacted strict state laws to encourage LPG blending because it releases toxins into the environment.

Aerosol propellants will experience tremendous growth in the coming years, growing at a CAGR of over 8.5% during the forecast period. The better-than-expected segment development can be attributed to wide applications in pharmaceuticals, home care, personal care, paints and coatings, etc. Constructive development guidelines for individual considerations, home considerations, and the paint and coating industry in Europe will increase the demand for items for vaporized force applications in the numerical range. Further, the development of solid pharmaceuticals in North America will increase the market estimate for bio-based and manufactured dimethyl ether aerosol propellants by 2030.

Regional Growth of Bio-Based and Synthetic Dimethyl Ether Market

By 2021, Asia Pacific will account for more than 80.4% of the global dimethyl ether market. Rising demand for LPG-based products for residential cooking in APAC countries such as India, China, and Indonesia will drive the Asia Pacific bio-based and synthetic dimethyl ether (DME) market over the forecast period. Furthermore, significant efforts by the Indian government to eliminate light fuel by DME, as well as growing urbanization in our district, present a more brilliant perspective for products in LPG blending. Europe is the second largest donor in 2021. The product has gained widespread acceptance as an alternative fuel for pressure starting motorcycles in Europe, which is most likely to drive the regional dimethyl ether market share during the forecast period.

In terms of volume and revenue, North America will rank third in the global dimethyl ether market in 2021. The region’s high demand for aerosol propellants will help the market share in the near future. Latin American countries are likely to see a slight increase in the product market over the forecast period, due to the rising demand for products for modern applications in the region.

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Bio-Based and Synthetic Dimethyl Ether (DME) Market Players.

Akzo Nobel NV, China Energy Ltd., Guangdong JOVO Group, Grillo-Werke AG, Korea Gas Corporation, Mitsubishi Corporation, Royal Dutch Shell, Shenhua Ningxia Coal Industry Group, and Oberon Fuels are the major players in the global bio-based and synthetic dimethyl ether market .

Questions Answered By This Report

  • What will be the market size of Bio-Based and Synthetic Dimethyl Ether (DME) Market in 2021?
  • What will be the Bio-Based and Synthetic Dimethyl Ether (DME) Market CAGR during the forecast period from 2022 to 2030?
  • Who are the leading players in the Global Bio-based and Synthetic Dimethyl Ether (DME) Market?
  • Which region holds the largest share in the Bio-Based and Synthetic Dimethyl Ether (DME) Market in 2021?
  • What are the key market drivers of Bio-Based and Synthetic Dimethyl Ether (DME) Market?
  • Who are the largest end users of Bio-Based and Synthetic Dimethyl Ether (DME) Market?
  • What will the Bio-Based and Synthetic Dimethyl Ether (DME) Market be worth in 2030?

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