At 9.5% CAGR, the North America Dimethyl Ether Market is Projected to be worth US$ 4,442.14 million by 2030, says Business Market Insights

According to Business Market Insights’ research, the North America dimethyl ether market was valued at US$ 2,154.47 million in 2022 and is expected to reach US$ 4,442.14 million by 2030, registering a CAGR of 9.5% 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 North America dimethyl ether market expansion.             

The rising adoption of renewable dimethyl ether (rDME) is positively influencing the growth of the dimethyl ether market. As global concerns regarding climate change and environmental sustainability increase, industries and consumers seek cleaner and more sustainable energy sources. Renewable dimethyl ether, produced from renewable sources and waste feedstocks, aligns well with these aspirations and offers a compelling solution to reduce greenhouse gas emissions and dependence on fossil fuels. Renewable dimethyl ether has significant potential for lowering carbon emissions than conventional fossil fuels. rDME is produced from feedstocks such as biomass, agricultural residues, and waste materials, which are considered carbon-neutral or have a lower carbon footprint. Unlike traditional DME derived from fossil fuels, rDME cannot contribute to the net increase of carbon dioxide in the atmosphere when consumed as fuel. The transportation sector is a notable beneficiary of the rising adoption of rDME. Diesel engines can use rDME as a drop-in replacement for diesel fuel, requiring no modifications to existing infrastructure or engines. This ease of integration and the potential for immediate emission reductions make rDME an attractive option for reducing the carbon footprint of heavy-duty vehicles, trucks, and buses. Countries with ambitious emission reduction targets are particularly motivated to adopt rDME to achieve their sustainability goals.  rDME combustion generates fewer pollutants and particulate matter than conventional diesel, improving air quality in urban areas. As cities strive to combat air pollution and enhance public health, rDME is a valuable alternative fuel. The global push for energy security and reduced reliance on fossil fuels also drives the adoption of rDME. As rDME can be produced locally from diverse feedstocks, it offers a degree of energy independence and resilience against supply disruption that can occur with traditional fuels subject to geopolitical factors. Government strategies to promote renewable energy and reduce emissions further accelerate the adoption of rDME. Financial incentives, grants, and mandates for incorporating renewable fuels into transportation fleets encourage industries to invest in rDME production and utilization. In addition, manufacturers are also incorporating different strategies with the rising adoption of renewable dimethyl ether. Thus, all the aforementioned factors are expected to drive the North America dimethyl ether market growth during the forecast period.

On the contrary, availability of substitute products hurdles the growth of North America dimethyl ether market. 

Based on application, the North America dimethyl ether market is categorized into aerosol propellants, LPG blending, transportation fuel, power generation fuel, chemical feedstock, and others. The LPG blending segment held 51.5% share of North America dimethyl ether market in 2022, amassing US$ 1,110.34 million. It is projected to garner US$ 2,269.51 million by 2030 to expand at 9.3% CAGR during 2022–2030.

Based on country, the North America dimethyl ether market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 83.5% share of North America dimethyl ether market in 2022. It was assessed at US$ 1,799.91 million in 2022 and is likely to hit US$ 3,770.87 million by 2030, exhibiting a CAGR of 9.7% during 2022–2030.            

Key players operating in the North America dimethyl ether market are Nouryon Chemicals Holding BV, Shell Plc, Mitsubishi Gas Chemical Co Inc, The Chemours Co, Oberon Fuels Inc, Grillo-Werke AG, 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.

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com