Dimethyl Ether Market Share

APAC Market Statistics

Asia Pacific industry is set to account for largest revenue share of 61% by 2037. Backed by the affordability of raw materials, rising utilization of dimethyl ether in transportation fuel, and LPG blending. Moreover, government support to expand the chemical industry in the region is further expected to drive the dimethyl ether sales in the region during the forecast period. For instance, within the Union Budget 2022-23, the Indian government allocated approximately USD 27 million to the Department of Chemicals and Petrochemicals.

North American Market Forecast

North America is expected to account for the majority of the market share by the end of 2037. Maritime fleets, school buses, and other means of transport use dimethyl ether for LPG blending which is expected to drive the market in this region in the forecast period. It is projected that the region highly uses propane which will drive the industry growth. In North America, dimethyl ether comes in use in various industries such as agriculture, shipping, construction, and others.  

Europe Market Forecast

Furthermore, the region of the European market is anticipated to grow significant rate by the end of 2037 owing to the rapid rise in the automobile industry in European countries. Additionally, the utilization of dimethyl ether in the household also boosts the development and acts as a growth driver of this market. The European Union has set ambitious targets to reduce greenhouse gas emissions, increasing demand for cleaner fuels in the region. Dimethyl ether is a clean burning fuel with low emissions and an attractive alternative to conventional fuels. Increasing demand for clean fuels in Europe is expected to boost the growth of the dimethyl ether market in the region. Regulatory initiatives and incentives are increasing the use of alternative fuels in Europe. Dimethyl ether can be used as a mixture with liquefied petroleum gas (LPG) or as a standalone fuel, making it a versatile alternative to conventional fuels. Increased adoption of alternative fuels in Europe is expected to boost demand for dimethyl ether in the region.