Bio-based and Synthetic Dimethyl Ether Market Size to Grow at 9.4% CAGR to US$22.9 Billion by 2030 – Exclusive Report by Acumen Research and Consulting

Acumen Research and Consulting has recently published a report titled “Bio-based and Synthetic Dimethyl Ether Market Report and Regional Forecast, 2022 – 2030”.

BEIJING, Nov. 24, 2022 (GLOBE NEWSWIRE) — Global Bio-based and synthetic dimethyl ether market The size was USD 10.3 Billion in 2021 and is projected to reach a market size of USD 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 feedstock in diesel engines with excellent starting properties due to its higher cetane number, which provides better starting in pressurized engines. It is an alternative to diesel and a cleaner source of energy that protects the environment from harmful pollution. Expanding vehicle sales, reducing the need for affordable fuel substitutes, and expanding R&D activities by key players to develop DME good engines will thus support industry growth through 2030.

Bio-based and synthetic dimethyl ether market statistics

  • The global bio-based and synthetic dimethyl ether market was valued at USD 10.3 billion in 2021 and is expected to grow at a CAGR of 9.4% from 2022 to 2030
  • Asia-Pacific bio-based and synthetic dimethyl ether market revenue over 80% market share in 2021
  • North America bio-based and synthetic dimethyl ether market growth will register a significant CAGR of more than 10% from 2022 to 2030.
  • In 2021, it collected about 68% of fossil fuel-based shares among raw materials.
  • Growing demand for greener fuel is the global bio-based and synthetic dimethyl ether market trend driving industrial demand.

Growth Factors of Bio-based and Synthetic Dimethyl Ether Market

  • Growing environmental concerns
  • Growing demand in the end-use industry
  • Increasing adoption in LPG applications

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Scope of the Bio-based and Synthetic Dimethyl Ether Market Report:

Market Bio-based and synthetic dimethyl ether market
Bio-based and synthetic dimethyl ether market Size 2021 10.3 billion USD
Bio-based and synthetic dimethyl ether market Forecast 2030 22.9 billion USD
Bio-based and synthetic dimethyl ether market CAGR during 2022-2030 9.4%
Bio-based and synthetic dimethyl ether market Analysis period 2018-2030 years
Bio-based and synthetic dimethyl ether market Base year 2021
Bio-based and synthetic dimethyl ether market Forecast data 2022 – 2030
Covers segments By Raw Material, Application and Geography
Bio-based and synthetic dimethyl ether market Regional coverage North America, Europe, Asia Pacific, Latin America and the Middle East and 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.
Scope of the report Market Trends, Drivers, Restraints, Competitive Analysis, Player Profile, Regulatory Analysis

Check the detailed table of contents of the report @

https://www.acumenresearchandconsulting.com/table-of-content/bio-based-and-synthetic-dimethyl-ether-market

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 divided 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 blend, aerosol fuels, transportation fuel, and industrial. The global bio-based and synthetic dimethyl ether market is segmented into Europe, Latin America, North America, the Middle East & Africa, and Asia-Pacific.

Bio-based and synthetic dimethyl ether market share

Bio-based products are created by dehydrating methanol, while non-renewable energy-based products are derived from dead plants and living organisms. Petroleum-based dimethyl ether accounted for approximately 85% of the market in 2021 and is expected to grow at an unquestionable rate in the coming years. The major reason for the large share of DME based on petroleum products is the large reserves of combustible gas below the earth’s surface, which can be effectively recovered with advanced technology.

LPG blend accounted for the largest DME share of the total industry in 2021 and will see critical demand in the coming years. LPG blending has been promoted primarily in the Asia-Pacific region to reduce environmental toxins from unblended LPG applications in domestic heating and cooking. The government and sub-national administrative bodies have enacted stringent laws to encourage blending of LPG as it releases fewer toxins into the environment.

In the coming years, aerosol propellants will experience tremendous growth, expanding at a CAGR of over 8.5% during the period. Better-than-expected segment growth led to its pharma, home care, personal care, paints and coatings, etc. can be associated with wide applications in fields. In Europe, individual consideration, home consideration, and constructive development guidelines for the paints and coatings industry will increase product demand for vaporized power application in the figure range. Additionally, robust pharmaceutical development in North America will boost market estimates for bio-based and manufactured dimethyl ether aerosol propellants through 2030.

Regional growth of bio-based and synthetic dimethyl ether market

In 2021, Asia Pacific accounted for more than 80.4% of the global dimethyl ether market. Growing demand for residential kitchen LPG-based products 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 timeframe. In addition, the Indian government’s significant efforts to phase out lamp fuel by DME as well as the increasing urbanization of the region present brighter demand prospects for the product in the LPG blend. Europe became the second largest donor in 2021. The product has been widely adopted as an alternative fuel for compression ignition engines in Europe, which is likely to increase the regional dimethyl ether market share during the forecast period.

In terms of volume and revenue, North America ranked third in the global dimethyl ether market in 2021. The region’s high demand for aerosol propellant will help market share in the not-too-distant future. Latin American countries are likely to witness modest growth in the product market over the forecast period owing to the increasing 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 global bio-based and synthetic dimethyl ether market.

Questions Answered in This Report

  • What was the market size of Bio-Based and Synthetic Dimethyl Ether (DME) Market in 2021?
  • What will be the CAGR of Bio-Based and Synthetic Dimethyl Ether (DME) Market during the forecast period 2022 to 2030?
  • Who are the key players in the Global Bio-Based and Synthetic Dimethyl Ether (DME) Market?
  • Which region held the largest share of 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-user Bio-Based and Synthetic Dimethyl Ether (DME) market?
  • What will be the Bio-based and Synthetic Dimethyl Ether (DME) market value in 2030?

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