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Dimethyl Ether Market size is forecast to witness 9.9% CAGR
by 2024: Global Market Insights, Inc.
Dimethyl Ether Market size is poised to exceed USD 11 billion by 2024; according to a new
research report by Global Market Insights, Inc.
Increasing product demand as an alternative to conventional fuels is one of the major factors
propelling the global dimethyl ether market share over the projected timeframe. It is
extensively used in the liquefied petroleum gas (LPG) blending, as the resultant fuel
possesses similar characteristics with LPG. LPG is an essential domestic fuel in various
applications including cooking and heating. Furthermore, approximately 65% of the DME
produced across the globe is used in LPG blending. This trend will subsequently boost the
industry growth by 2024.
China is the largest LPG producer, supplier and consumer and hence plays a vital role in the
global dimethyl ether market share. In addition, rapidly increasing population in Asia Pacific
countries, particularly China & India, has significantly propelled the domestic fuel demand.
Furthermore, the industry players in the region has elevated their production capacities, which
in turn will drive the global dimethyl ether market size by 2024.
After dehydration, methanol can to converted to DME, which can be used in heavy duty
application across trucks and ships as a diesel substitute. Methanol also improves combustion
proficiency along with minimizing the emissions including carbon monoxide. Increasing
awareness along with government legislations towards clean fuel usage in household
activities and transportation industry will positively influence the business growth over the
DME is a fuel with minimum lubricative characteristics, therefore, conventional fuel delivery &
injection systems are not companionable with it. This fact may obstruct the global dimethyl
ether market size by 2024. Oscillating crude oil p