Dimethyl Ether Market to be Dominated by LPG Blending application through 2028
Increasing demand
for LPG blending applicability is expected to drive the demand for Dimethyl
Ether Market in the forecast period 2024-2028.
According to TechSci Research
report, “Dimethyl Ether Market -
Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028,” the global dimethyl
ether market is anticipated to upsurge at an impressive rate in the forecast
period 2024-2028. Dimethyl
Ether is mildly narcotic, nontoxic, highly flammable gas, liquified when
pressurized at room temperature. It is an
isomer of ethanol.
It is an
alternate source of fuel as it has no sulfur content and has a high cetane
number. It is frequently utilized as a substitute for gasoline for use in
vehicles, as fuel for power plants, as propane in liquified petroleum gas
(LPG), and as a raw material for the production of a variety of chemical goods. Additionally,
the growing demand for aerosol propellants is a crucial factor responsible for
market growth.
Thus, the need for the Global Dimethyl Ether market is expected to rise in the
forecast period.
Furthermore, the market is
being further stimulated by the extensive use of Dimethyl Ether as an aerosol
propellant in producing medicines, paints, coatings, and personal care items,
including fragrances and hair sprays.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the "Global Dimethyl Ether Market"
The Global Dimethyl
Ether Market is segmented based on feedstock, application, region and
competitive landscape. Based
on feedstock, the market is divided into Coal, Natural Gas, Methanol,
Bio-based, and Others. Methanol is expected to hold the largest market
share in the forecast period, 2024-2028. Since the production of DME from
methanol is easy & inexpensive, it also does not pollute the environment compared
to other feedstock (coal). Thus, it is more in demand in its segment and dominates.
Rising coal prices will likely hamper the market for dimethyl ether.
According to trading on a contract for difference (CFD) that follows the
benchmark market for this commodity, coal prices have climbed by 1.52 USD/MT or
2.18% since the start of 2020.
Based on application, the market is divided into
LPG Blending, Aerosol
propellants, Industrial, and Others. As per estimates, the LPG blending segment will
experience the highest market share during the forecast period. In order to
reduce harmful emissions, improve combustion, and reduce dependency on LPG, DME
is blended with it as a fuel alternative additive. This is projected to boost
the future market outlook for dimethyl ether.
According to
the US Bureau of Economic Analysis, in March 2021, the disposable income per
capita in North America region was USD 57,597 and this is anticipated to
increase more over the forecast period along with the expenditure on cleaning
products (such as DME).
Major companies
operating in the global dimethyl ether market are:
- Akzo
Nobel N.V.
- Haldor
Topsoe Holding A/S
- Toyo
Engineering Corporation
- Oberon
Fuels Inc.
- Mitsubishi
Corporation
- Ferrostaal
GmbH
- Grillo-Werke
AG
- China
Energy Limited
- Japan
DME Association
- PCC
SE
- Nouryon
Holding BV
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“Due
to its favorable government regulations, industrial know-how, and capacity for
innovation, Asia Pacific is anticipated to rule the global dimethyl ether
market in the ensuing years. The Global Dimethyl Ether Market is anticipated to
increase due to the continuous usage of DME with LPG to enhance zero-emission
fuels with sootless combustion, ultra-low emission, high cetane number, low
cost, and high energy density.
In addition, organizational activities,
increasing R&D spending, and governmental controls on trade and export are
the main factors driving the market. The primary driver of market expansion
through the year 2028 is also the rising demand for aerosol propellant,
pharmaceuticals, and paints.” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management
consulting firm.
“Dimethyl Ether Market- Global Industry Size, Share,
Trends, Opportunity, and Forecast, 2018-2028, Segmented By Feedstock (Coal, Natural Gas, Methanol,
Bio-based, Others), By Application (LPG Blending, Aerosol Propellants,
Industrial, Others), By Region,”, has
evaluated the future growth potential of global dimethyl ether market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision-makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the global dimethyl ether market.”
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