Global dimethyl ether market is expected to reach 18,550.12 kilotons by 2025, from 5788.4 KT in 2017, growing at a CAGR of 15.2% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Pune, India -- (SBWIRE) -- 07/25/2018 -- Global dimethyl ether market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of the dimethyl ether market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Players Focuses on: Akzo Nobel N.V., China Energy Limited, The Chemours Company, Royal Dutch Shell PLC, Ferrostaal GmbH, Grillo Werke AG, Jiutai Energy Group, Oberon Fuels, Zagros Petrochemical Company, TOTAL S.A., Grillo-Werke AG., Praxair, Inc. among others.
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Market Definition:
Dimethyl Ether (DME) is produced by the conversion of hydrocarbons through gasification process into synthesis gas. Synthesis gas is transformed into methanol in the existence of catalyst with consequent methanol dehydration under the presence of various catalysts like silica-alumina. It is commonly used as a replacement for propane in liquid petroleum gas (LPG) and in diesel fuel in transportation. Diesel fuel is more effective than gasoline, it is utilized where pure methanol wouldn't be able to power a diesel engine efficiently and also used in almost every passenger cars.
Due to its high ocetane number, it acts as an advantage over traditional diesel fuel. DME can accomplish better mileage and emissions reductions along with higher efficiencies. Rising environmental concern towards dimethyl ether is a factor which will drive the market. For instance, according to U.S. Federal Regulations, Dimethyl Ether is subjected to the reporting requirements of Section 112(r) of the Clean Air Act. Thus, it involved as flammable gas on-site, in quantity 10,000 lb (4,553 kg) or greater comes under this particular regulation except it is used as a fuel.
Global Dimethyl Ether Market Segmentation:
By Raw Material
- Coal
- Methanol
- Natural gas
- Bio-based feedstock
- Other
By Application
- Aerosol Propellant
- LPG Blending
- Transportation fuel
- Others
By Geography
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
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Market drivers:
- Increasing alternatives of raw material and wide application in products
- Rich coal deposits in Asia-Pacific
- Rising environmental concern driving the demand for DME
Market restraint:
- Alteration in the existing infrastructure
- Less effective than the Diesel fuel
Reasons to Purchase this Report
- Current and future of global dimethyl ether market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
- Regions/countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report
- The report includes the complete segmentation displayed above across all above mentioned countries
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
Complete report on Dimethyl Ether Market spread across 350 pages with top key manufacturers and list of tables and figures. Enquire more @ https://databridgemarketresearch.com/inquire-before-buying/?dbmr=global-dimethyl-ether-market
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