At 10.9% CAGR, the Asia Pacific Dimethyl Ether Market is Projected to be worth US$ 2,288.16 million by 2030, says Business Market Insights

According to Business Market Insights’ research, the Asia Pacific dimethyl ether market was valued at US$ 999.73 million in 2022 and is expected to reach US$ 2,288.16 million by 2030, registering a CAGR of 10.9% from 2022 to 2030. Growing use of dimethyl ether in LPG blending and flourishment of aerosol propellant manufacturing industry are the critical factors attributed to the Asia Pacific dimethyl ether market expansion.             

Dimethyl ether (DME) is a versatile and environmentally friendly propellant, and fuel has found increased application in the aerosol industry due to its unique properties that align with the changing preferences of both manufacturers and consumers. Aerosol propellants are essential in the formulations of various consumer products, household cleaners, and automotive products. Historically, chlorofluorocarbons (CFCs) were commonly used as a propellant. However, due to their harmful environmental impact and contribution to ozone depletion, there is increased demand for more eco-friendly alternatives. This led to the rise of hydrofluoroalkane (HFA) propellants and, subsequently, dimethyl ether. Dimethyl ether's popularity as an aerosol propellant has grown from several factors such as zero ozone-depleting potential, non-toxic, high solvency properties, non-corrosive nature, and low global warming potential. Dimethyl ether is nontoxic and noncorrosive, making it safe for consumers and the environment. Its high vapor pressure makes it an efficient and effective propellant that can disperse product formulations evenly and consistently. Also, DME is nonflammable in its aerosol form, reducing the risks associated with flammable propellants. The shift of the aerosol industry toward environmentally friendly and safer alternatives, coupled with the unique properties of DME, has led to a surge in demand for dimethyl ether as a propellant. Manufacturers are keen to replace traditional, potentially harmful propellants with DME to align with regulatory standards and consumer preferences for sustainable and safe products. As a result, the growth of the aerosol propellant manufacturing industry has generated significant demand for DME. Manufacturers are investing in DME production to meet the rising demand from the aerosol sector. This, in turn, has led to innovations in DME production techniques, transportation infrastructure, and application methods. The favorable environmental profile of DME, along with its functional benefits in aerosol formulations, positions it as a crucial component in the ongoing evolution of the aerosol industry.

On the contrary, availability of substitute products hurdles the growth of Asia Pacific dimethyl ether market. 

Based on application, the Asia Pacific dimethyl ether market is categorized into aerosol propellants, LPG blending, transportation fuel, power generation fuel, chemical feedstock, and others. The LPG blending segment held 54.5% share of Asia Pacific dimethyl ether market in 2022, amassing US$ 545.03 million. It is projected to garner US$ 1,224.08 million by 2030 to expand at 10.6% CAGR during 2022–2030.

Based on country, the Asia Pacific dimethyl ether market has been categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 31.0% share of Asia Pacific dimethyl ether market in 2022. It was assessed at US$ 309.66 million in 2022 and is likely to hit US$ 680.56 million by 2030, exhibiting a CAGR of 10.3% during 2022–2030.            

Key players operating in the Asia Pacific dimethyl ether market are Nouryon Chemicals Holding BV, Shell Plc, Mitsubishi Gas Chemical Co Inc, The Chemours Co, Grillo-Werke AG, Jiangsu July Chemical Co Ltd, Sichuan Lutianhua Co Ltd, and Merck KGaA, among others.

• In April 2022, Nouryon announces price increase for dimethyl ether.
• In Jan 2021, Mitsubishi Corp starts commercial ops at Trinidad and Tobago methanol plant.

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