
Published On: Jan 2024
Published On: Jan 2024
At 7.8% CAGR, the Middle East & Africa Dimethyl Ether Market is Projected to be worth US$ 782.31 million by 2030, says Business Market Insights
According to Business Market Insights’ research, the Middle East & Africa dimethyl ether market was valued at US$ 428.23 million in 2022 and is expected to reach US$ 782.31 million by 2030, registering a CAGR of 7.8% 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 Middle East & Africa dimethyl ether market expansion.
In recent years, the demand for dimethyl ether (DME) as a blending component with liquified petroleum gas (LPG) has increased for several reasons. This trend is driven by the desire to enhance the properties of LPG, making it a more efficient and environmentally friendly fuel option. Blending DME with LPG offers numerous benefits that cater to economic and environmental considerations. LPG is already recognized as a relatively clean-burning fossil fuel, but the addition of DME further improves its combustion characteristics. DME has a high cetane number, which enhances the ignition quality of the fuel. When blended with LPG, it promotes more complete combustion, resulting in reduced emissions of harmful pollutants, including particulate matter, sulfur compounds, and nitrogen oxides (NOx). This cleaner combustion aligns with stricter environmental regulations and the global push toward reducing air pollution and greenhouse gas emissions. The compatibility of DME and LPG makes blending a seamless process. DME has similar physical properties to LPG, such as being gaseous at room temperature and readily liquified under moderate pressure. This compatibility ensures that DME-LPG blends can be stored, transported, and dispensed using existing LPG infrastructure, such as storage tanks, distribution networks, and refueling stations. This aspect significantly lowers the barriers to entry for adopting DME-LPG blends and enables more rapid integration into existing energy systems. DME-LPG blends offer a transitional solution as industries and governments seek to diversify their energy sources and reduce dependency on traditional fossil fuels. The increasing awareness regarding the advantages of DME-LPG blends promotes a more sustainable and efficient energy landscape, thereby driving market expansion.
On the contrary, availability of substitute products hurdles the growth of Middle East & Africa dimethyl ether market.
Based on application, the Middle East & Africa dimethyl ether market is categorized into aerosol propellants, LPG blending, transportation fuel, power generation fuel, chemical feedstock, and others. The LPG blending segment held 56.8% share of Middle East & Africa dimethyl ether market in 2022, amassing US$ 243.26 million. It is projected to garner US$ 440.73 million by 2030 to expand at 7.7% CAGR during 2022–2030.
Based on country, the Middle East & Africa dimethyl ether market has been categorized into Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that the Rest of Middle East & Africa captured 46.4% share of Middle East & Africa dimethyl ether market in 2022. It was assessed at US$ 198.55 million in 2022 and is likely to hit US$ 341.88 million by 2030, exhibiting a CAGR of 7.0% during 2022–2030.
Key players operating in the Middle East & Africa dimethyl ether market are Nouryon Chemicals Holding BV, Shell Plc, Mitsubishi Gas Chemical Co Inc, The Chemours Co, Grillo-Werke AG, and Merck KGaA, among others.
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