Dimethyl Ether Market Forecast 2024-2033: Growth Rate, Drivers, And Trends|Royal Dutch Shell PLC, Mitsubishi Corporation, Korea Gas Corporation, Air Liquide SA, Merck KGaA

The Dimethyl Ether Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Dimethyl Ether Global Market Report 2024, The dimethyl ether market size has grown rapidly in recent years. It will grow from $5.83 billion in 2023 to $5.8 billion in 2024 at a compound annual growth rate (CAGR) of 11.9%.</b> The growth in the historic period can be attributed to rising demand in aerosol propellants, demand for fuel alternatives in transportation, chemical feedstock demand, growing use In LPG blending, government initiatives and regulations.

The dimethyl ether market size is expected to see rapid growth in the next few years. It will grow to $8.64 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%.</b> The growth in the forecast period can be attributed to green energy initiatives, growing demand for electric and non-electric vehicles, expanding industrial applications, rising exports of aromatic ethers. Major trends in the forecast period includes bio-based DME production, technological advancements, innovative advancements, increasing adoption in propellant applications, advanced catalytic technologies.

The increasing use of LPG blends is expected to propel the growth of the dimethyl ether market going forward. LPG blending refers to the process of combining liquefied petroleum gas (LPG), a mixture of propane and butane, with other substances or additives to achieve desired fuel characteristics, enhance performance, or meet specific regulatory requirements. Dimethyl ether (DME) is often blended with liquefied petroleum gas (LPG) to improve combustion characteristics and reduce emissions in specific applications. For instance, in December 2023, according to the Energy Market Authority (EMA), a Singapore-based regulator of the electricity and natural gas industries, natural gas accounted for 92.0% of Singapore’s fuel mix in 2022, and it is expected to reach 94.3% of the fuel mix in the first half of 2023. Therefore, increasing use of LPG blends will drive the growth of the dimethyl ether market.

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The dimethyl ether market covered in this report is segmented –

1) By Product And Service: Reagents And Kits, Genotyping Services, Instruments, Bioinformatics
2) By Technology: Microarrays, Polymerase Chain Reaction, Sequencing, Capillary Electrophoresis, Matrix-assisted Laser Desorption Or Ionization-Time Of Flight Mass Spectrometry, Other Technologies
3) By End-User: Pharmacogenomics, Personalized Medicine And Diagnostics, Animal Genetics, Agricultural Biotechnology, Research And Diagnostic Laboratories, Academic Institutes

Major companies operating in the dimethyl ether market are developing clean fuels, such as ultra-low-carbon molecule products, to provide cleaner fuels. Ultra-low carbon molecule solution refers to a substance or fuel with a shallow carbon footprint, often derived from renewable sources, aiming to minimize greenhouse gas emissions and environmental impact. For instance, in April 2022, Suburban Propane, a US-based electric power distribution company, launched Propane + recycled carbon DME (rDME), which enhances the lower emissions of pollutants such as particulate matter, nitrogen oxides (NOx), and sulfur compounds compared to conventional diesel fuels. This enhances the clean air and low carbon benefits of the base fuel, and it can be used as a drop-in replacement for propane engines in both on-road and off-road applications, with no need for additional investments in equipment and infrastructure. The blend of propane and rDME can be stored and transported using existing LPG infrastructure, and it can reduce the emissions profile and help meet global climate commitments.

The dimethyl ether market report table of contents includes:

1. Executive Summary
2. Dimethyl Ether Market  Characteristics
3. Dimethyl Ether Market  Trends And Strategies
4. Dimethyl Ether Market – Macro Economic Scenario
5. Global    Dimethyl Ether Market  Size and Growth

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32. Global    Dimethyl Ether Market  Competitive Benchmarking
33. Global    Dimethyl Ether Market  Competitive Dashboard
34. Key Mergers And Acquisitions In    Dimethyl Ether Market
35. Dimethyl Ether Market  Future Outlook and Potential Analysis
36. Appendix

 

Top Major Players :

• Royal Dutch Shell PLC
• Mitsubishi Corporation
• Korea Gas Corporation
• Air Liquide SA
• Merck KGaA

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