The ‘Global Dimethyl Ether Market Size, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global dimethyl ether market, assessing the market based on its segments like raw material, application, and major regions.
Dimethyl Ether Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
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The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 9.8%
The global dimethyl ether market is expected to witness a significant growth in the coming years owing to rising consumer preference and demand for environment friendly chemicals in the market. Dimethyl ether (DME) emits less pollution in the environment than other chemicals, which increases its adoption in various end-user industries, is expected to cushion the growth of the dimethyl ether market during the forecast period.
Dimethyl ether can also be combined which LPG and can be used for cooking and heating giving it access to yet another market. Factors such as increasing demand from the LPG blending application are driving the market growth rate. Dimethyl ether has a vast area of applications, consisting of agents, refrigerant, solvents, all-purpose fuel, propellant use for aerosol products (for example, deodorants, perfumes etc.), welding cutting and brazing fuel, (co-)blowing agent for foam, chemical reaction medium, and many more. The wide range of applications is anticipated to drive the global dimethyl ether market in the coming years.
Dimethyl Ether Industry Definition and Major Segments
Dimethyl ether has many fuel uses such as aerosol, chemical feedback and refrigerant. Dimethyl ether can be made from methanol, wood gas and syngas which makes it suitable as a replacement of LPG gas whose shortage could be considered as hazardous.
By the raw material, the market is categorized in:
• Coal
• Natural Gas
• Methanol
• Bio-Based
• Others
On the basis of the applications, the market is classified into:
• LPG Blending
• Aerosol Propellant
• Fuel
• Chemical Feedstock
• Others
By the regions, the market is segregated into:
• Asia Pacific
• North America
• Latin America
• Europe
• Middle East and Africa
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Dimethyl Ether Market Trends
Globally, there is a growing stress on decarbonizing transportation. As, the Vehicle Technologies Office (VTO) of the United States Department of Energy (DOE) allowed more than $4 million in 2021 to provide fund for the testing of new applications of the uses of dimethyl ether as a low-carbon replacement for fossil fuels. Oberon Fuels aided. Such initiatives are anticipated to boost the global dimethyl ether market.
SHV Energy and KEW Technology formed a joint venture (Circular Fuels Ltd.) in 2021 to develop renewable dimethyl ether manufacturing plants. The strategic alliance focused on demonstrating the viability of converting renewable and recycled carbon feedstock to renewable liquid gas. Such developments are supposed to thrust the global dimethyl ether market.
Key Market Players
The major players in the global dimethyl ether market report are:
- Topsoe A/S
- Mitsubishi Corporation
- Royal Dutch Shell Plc
- Grillo-Werke AG
- Korea Gas Corporation
- Nouryon
- Others
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
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