The growing environmental concerns and the rising consumer preferences are the major factors that have boosted the overall dimethyl ether market.
Sarasota, FL -- (SBWIRE) -- 07/05/2017 -- Zion Market Research, the market research group announced the analysis report titled "Dimethyl Ether Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024"
Global Dimethyl Ether Market: Overview
Dimethyl ether is an organic compound with the molecular formula CH3 OCH3 which can be simplified to C2H6O. The alternate name for dimethyl ether is methoxymethane; it is an isomer of ethanol. Dimethyl ether is a colorless gas which is an aerosol propellant and can be used in a variety of fuel applications; it is a useful precursor to the other organic compounds.
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Global Dimethyl Ether Market: Segmentation
The global dimethyl ether market is segmented into raw materials, applications, and regions. On the basis of raw materials, the global market is segregated into methanol, bio-based feedstock, coal, and natural gas. Based on the applications, the market is categorized into aerosol propellant, LPG blending, transportation fuel, and other industrial applications. Geographically, the global dimethyl ether market is diversified into Europe, North America, Asia-Pacific, and Rest of the World.
Global Dimethyl Ether Market: Growth Factors
The growing environmental concerns and the rising consumer preferences are the major factors that have boosted the overall dimethyl ether market. Over the years, the dimethyl ether will replace the diesel, kerosene, gasoline, and LPG which will trigger the demand of dimethyl ether market. The clear burning property of the compound is increasing the demand of dimethyl ether in the market. The growing automobile industry will improve the market growth of the dimethyl ether. The manufacturers of the dimethyl ether are taking initiatives to promote the product in the market which is affecting the market growth in a positive way. The other applications of dimethyl ether include welding and brazing operations, refrigerant, and feedstock which trigger the growth of the market. The high consumption of the dimethyl ether is increasing the demand of the market. The production of dimethyl ether requires various technologies; these technologies require high investments and for the long term use the dimethyl ether gives the low performance. The aforementioned factors are likely to affect the market growth in a negative way.
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Global Dimethyl Ether Market: Regional Analysis
The region that dominated the dimethyl ether market is Asia Pacific region. There is wide availability of the raw materials for the production of the dimethyl ether in this region and the consumption of the product is also high thus contributing to the market growth. China is the leading country in terms of value and volume in the dimethyl ether market. Japan, India, South Korea, and Indonesia are the regions that are expected to grow considerably in the market. The North America and Europe regions are contributing a good share in the market owing to its increased applications.
Global Dimethyl Ether Market: Competitive Players
The major market players in the dimethyl ether market include Akzo Nobel N.V., The Chemours Company, Mitsubishi Corporation, Grillo-Werke AG, Oberon fuels, Royal Dutch Shell Plc., China Energy Limited, Ferrostal GmbH., Jiutai Energy Group, and Zagros Petrochemical Company.
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Global Dimethyl Ether Market: Regional Segment Analysis
North America(U.S.); Europe(UK, France, Germany); Asia-Pacific(China, Japan, India); Latin America(Brazil); The Middle East and Africa