Di Methyl Ether Market to Surpass US$ 17.56 Bn by 2030

Di Methyl Ether Market to Surpass US$ 17.56 Bn by 2030 - Coherent Market Insights

Publish In : Jul 18, 2023

Report ID : CMI4118

Category : Bulk Chemicals

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The Global Di Methyl Ether market is expected to surpass US$ 17.56 Billion by 2030, exhibiting a CAGR of 9.1% during the forecast period (2023-2030). According to the National Bureau of Statistics of China, cumulative LNG (Liquefied Natural Gas) production in the first 10 months of 2022 was 41,071 kt, compared with 49 kt in the same period last year. This instance shows that the market is about to grow further.

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 at normal temperature and pressure, however, turns to a liquid state when subjected to moderate pressure. Moreover, it is easy to store and transport. Automotive motors, chemicals, petrochemicals, power generation, and domestic households are some of the end-user of dimethyl ether.

Global Di Methyl Ether market was estimated to account for around US$ 8.77 Billion in terms of value in the year 2022 and it is predicted to grow at a CAGR of 9.1% during the forecast period (2023-2030)

Market Trends

Decarbonizing the transportation industry is critical as the world seeks creativity in how to meet the growing challenge of global pollution and related health problems. Therefore, a wide range of extremely low-carbon or carbon-negative fuels are viable, inexpensive, long-term alternatives to today's fossil fuels that can be produced from multiple feedstocks, and waste streams. Dimethyl ether gasoline is a low-cost, low-carbon, soot-free alternative to petroleum diesel. DME is also a low-cost hydrogen transporter that simplifies installation. Green fuel for the burgeoning hydrogen fuel cell automotive industry. Also, when combined with propane, this product greatly minimizes carbon intensity. Widespread clean-burning fuel. DME can be used in diesel engines as a replacement for conventional diesel fuel. Good ignition efficiency and high cetane number. On the one hand, it is low. It has better viscosity and lubricity than diesel fuel. Remains liquid under low pressure. About LPG for gasoline engines. This limits the number of engine modifications required. Nevertheless, some modifications are required as far as the engine is concerned, especially the jetting. Installation of pumps and pressure tanks similar to those for LPG. Related Elastomers should also be used in fuel lines. DME can be pumped into diesel engines. With minor modifications, combustion avoids soot formation. Due to its high cetane number of 55-60, DME can be used as fuel for diesel engines. DME Engine and vehicle production completed and vehicle reliability verified Passed over 100,000 km road test. Many of these vehicles are Isuzu Ergamio, Isuzu Elf, Mitsubishi Fuso Canter, Nissan Diesel, etc. in Japan Condor.

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

Covid-19 Impact on Global Di Methyl Ether market:

The novel coronavirus disease (COVID-19) has adversely affected the market, facing a pandemic scenario and people moving less frequently, which has reduced the demand for DME-based LPG fuel from the automotive sector. However, after the lockdown eased, the industry regained momentum and demand for fuel increased around the world.

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