The market size of biobased and synthetic based dimethyl ether will be

BEIJING, Nov. 24, 2022 (GLOBE NEWSWIRE) — The Global Biobased and Synthetic Based Dimethyl Ether Market The size accounted for $10.3 billion in 2021 and is projected 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 feedstock fuel in beautifully designed starting diesel engines due to its higher cetane number, which provides better starting in pressure engines. It is an alternative to diesel and a cleaner source of energy that protects the environment from harmful contamination. Expanding auto sales, reducing the need for an affordable fuel substitute and expanding R&D activities by key players for the development of good DME engines will therefore support the development of the industry by 2030.

Market statistics of biobased and synthetic based dimethyl ether

  • The global market value of bio-based and synthetic dimethyl ether was 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 & Synthetic Dimethyl Ether Market Revenue Over 80% Market Share in 2021
  • North America Bio-Based & Synthetic Dimethyl Ether Market Growth To Experience Substantial CAGR Of More Than 10% From 2022 To 2030
  • Among commodities, fossil fuels picked up about 68% of the allowances in 2021
  • Growing Demand for Greener Fuels is a Global Bio- and Synthetic-Based Dimethyl Ether Market Trend Driving Industry Demand

Growth factors of the Bio and Synthetic Based Dimethyl Ether market

  • Growing environmental concerns
  • Growing demand in end-use industries
  • Increased adoption in GPL applications

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Biobased and Synthetic Dimethyl Ether Market Report Coverage:

Market Biobased and Synthetic Based Dimethyl Ether Market
Biobased and Synthetic Based Dimethyl Ether Market Size 2021 USD 10.3 billion
Biobased and Synthetic Based Dimethyl Ether Market Forecast 2030 USD 22.9 billion
Biobased and Synthetic Based Dimethyl Ether Market CAGR In the period 2022 – 2030 9.4%
Biobased and Synthetic Based Dimethyl Ether Market Analysis period 2018 – 2030
Biobased and Synthetic Based Dimethyl Ether Market Reference year 2021
Biobased and Synthetic Based Dimethyl Ether Market Forecast data 2022 – 2030
Segments covered By raw material, by application and by geographical area
Biobased and Synthetic Based Dimethyl Ether Market Regional scope North America, Europe, Asia Pacific, Latin America, 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.
Report coverage Market trends, drivers, restrictions, competitive analysis, player profiling, regulatory analysis

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Market segmentation of bio and synthetic based dimethyl ether

The global bio-based and synthetic dimethyl ether market is segmented into raw material, application, and region. The global bio-based and synthetic dimethyl ether market is divided into two feedstock-based segments: fossil fuel-based and bio-based. The global bio-based and synthetic dimethyl ether market is segmented into four applications: LPG blending, aerosol propellants, transportation fuel, and industry. The global biobased and synthetic dimethyl ether market is segmented into Europe, Latin America, North America, Middle East and Africa and Asia-Pacific.

Market share of bio and synthetic based dimethyl ether

Bio-based products are created by not hydrating methanol, while products based on non-renewable energy sources are sourced from dead plants and creatures. Petroleum-based dimethyl ether accounted for approximately 85% of the market in 2021 and is expected to grow at an unmistakable pace in the coming years. The main reason for the large share of petroleum-based DME is the abundance of flammable gas reserves under the earth’s surface, which can be effectively reclaimed with advanced technologies.

LPG blending accounted for the industry’s largest share of DME in 2021 and will see critical demand in the coming years. LPG blending has been supported primarily in Asia-Pacific to reduce environmental poisons caused by applications of unblended LPG in domestic heating and cooking. The government and subnational administrative bodies have enacted stringent condition laws to encourage LPG blending because it emits fewer toxins into the environment.

Aerosol propellants will experience tremendous growth over the next few years, expanding at a CAGR of over 8.5% during the indicated period. The better-than-expected segment development can be attributed to its wide applications in pharmaceutical, home care, personal care, paints and coatings and so on. Constructive development suggestions for individual consideration, domestic consideration and the paint and coatings industry in Europe will increase the demand for articles for vaporized force application beyond the digit range. Furthermore, by 2030, robust pharmaceutical development in North America will boost market esteem for bio-based and manufactured dimethyl ether aerosol propellants.

Regional Growth of Biobased and Synthetic Dimethyl Ether Market

In 2021, Asia Pacific accounted for more than 80.4% of the global dimethyl ether market. Growing demand for LPG-based products for residential cooking in APAC countries such as India, China and Indonesia will drive the Asia Pacific bio- and synthetic-based dimethyl ether (DME) market over the forecasted time frame. Furthermore, the significant efforts of the Indian government to eliminate lamp fuel from DME, as well as the growing urbanization of the district, presents brighter need prospects for the product in LPG blending. Europe was the second largest donor in 2021. The product has gained wide acceptance as an alternative fuel for push-start engines in Europe, which will most likely lead the regional market share of dimethyl ether over the period of prediction.

In terms of volume and income, North America ranked third in the global Dimethyl Ether market in 2021. The district’s high demand for aerosol propellant will help market share in the not too distant future. Latin American countries will most likely see a slight increase in the product market over the projected time frame, due to the increased 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 among the major players in the synthetic dimethyl ether market.

Questions this report answers

  • What was the market size of the Bio-based and Synthetic Dimethyl Ether (DME) market in 2021?
  • What will be the CAGR of the Bio-Based and Synthetic Dimethyl Ether (DME) market during the forecast period 2022 to 2030?
  • Who are the major players in the global Bio-based and Synthetic Dimethyl Ether (DME) market?
  • Which region held the largest share in the Bio-Based and Synthetic Dimethyl Ether (DME) market in 2021?
  • What are the key market drivers of the Bio-Based and Synthetic Dimethyl Ether (DME) market?
  • Who is the largest end user market for Synthetic and Organic Dimethyl Ether (DME)?
  • What will be the market value of synthetic and organic dimethyl ether (DME) in 2030?

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