Market Size of Dimethyl Ether Industry
| Study Period | 2019 - 2029 |
| Market Volume (2024) | 8.07 Million tons |
| Market Volume (2029) | 12.29 Million tons |
| CAGR (2024 - 2029) | > 8.00 % |
| Fastest Growing Market | North America |
| Largest Market | Asia Pacific |
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*Disclaimer: Major Players sorted in no particular order |
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Dimethyl Ether Market Analysis
The Dimethyl Ether Market size is estimated at 8.07 Million tons in 2024, and is expected to reach 12.29 Million tons by 2029, growing at a CAGR of greater than 8% during the forecast period (2024-2029).
COVID-19 negatively impacted the market, and considering the pandemic scenario, the demand for DME-based LPG fuel from the automotive segment decreased as people were not traveling frequently. However, after the easing of lockdowns, the industry picked up, and the fuel demand has increased worldwide.
- Over the short term, the growing demand for LPG blending applications and increasing interest in non-electric and electric vehicles are driving the market growth.
- High costs for altering current infrastructure to use DME and increasing EV use can act as a restraint for the market.
- Growing research for using DME as an alternative fuel and an under-established market will likely create opportunities for the market in the coming years.
- Asia-Pacific is likely to dominate the market studied during the forecast period with robust demand for fuel, LPG, and others.
