Di Methyl Ether Market Size Was Valued at US$ 8190.50 Mn in 2021 - Coherent Market Insights

Global Di Methyl Ether Market is estimated to be valued at US$ 8190.50 Million in 2021, according to the Global Di Methyl Ether Market Report, by Product Type (Fossil Fuel Based, Bio Based), by Application (LPG Blending, Aerosol Propellants, Transportation Fuel, Industrial, Others), and by Region (North America, Latin America, Europe, Rest of the World) , published by Coherent Market Insights.

Global di methyl ether market was valued at US$ 8190.50  Million in 2021. Di methyl ether market is expected to register a CAGR of 8.8% over the forecast period (2022–2030), to reach US$ - 17410.35 Million by 2030.

Dimethyl ether is produced from coal, natural gas, and biomass. It is one of the clean energy sources that have no sulfur content. It is present in the gaseous state in normal temperature and pressure, however, turns to liquid state when subjected to moderate pressure. Moreover, it is easy to store and transport. Automotive motors, chemical, petrochemicals, power generation, and domestic households are some of the end-user of the dimethyl ether.

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/di-methyl-ether-market-4118

Key Trends and Analysis of the Global Di Methyl Ether Market:

Manufacturers of the chemical industry are investing heavily in the chemical sector for enhancing chemical production and meet the rising demand for chemicals around the globe. This could be one of the major trends in the market. According to the Cefic Facts & Figures, Global capital spending on the chemical sector was US$ 230 billion in 2018, up from US$ 130 billion in 2008. Investment around the world grew at 6% per annum on average over the past 10 years. Moreover, China being the largest market for chemicals accounted for 45% of global investment in 2018.

The growing partnership and agreements among key manufacturers is one of the current trends in the industry. For instance, in May 2020, Air Products and Haldor Topsoe announced the Alliance Agreement. The two companies are using their extensive market network outreach for developing potential projects on large-scale ammonia, methanol, and/or dimethyl ether plants to be developed and built globally. This partnership allows Air Products to access Topsoe's technology license and supply of certain high-performance catalyst for ammonia, methanol and/or dimethyl ether plants.

Key Takeaways of the Global Di methyl ether Market:

• On the basis of product type, fossil fuel based dominated the global dimethyl ether market in 2021 with around 89% of market share in terms of revenue, followed by bio based.
• New product launches, merger & acquisitions, strategic partnership expansion, and research & development activities for the di methyl ether key strategies adopted by players in the global di methyl ether market. For instance, in May 2020, Air Products and Haldor Topsoe announced the Alliance Agreement. The two companies are using their extensive market network outreach for developing potential projects on large-scale ammonia, methanol, and/or dimethyl ether plants to be developed and built globally. This partnership allows Air Products to access Topsoe's technology license and supply of certain high-performance catalyst for ammonia, methanol and/or dimethyl ether plants.