Dimethyl Ether Market - Global and China Industry Analysis, Size, Share & Forecast | 2020
Global Dimethyl Ether Market: Snapshot
The
dimethyl ether market is the largest in Asia-Pacific region,
specifically China. The companies, China Energy Limited (Singapore) and
Jiutai Energy Group (China) are dominant players in the Asia-Pacific
region. The market for DME is expected to grow during the forecast
period on account of its use in LPG blending. DME is extensively used by
aerosol propellant. The capacity for fuel has increased in Asia Pacific
and this is expected to continue to grow steadily, on account of the
increasing establishment of new plants for sufficient domestic fuel
supply. Asia Pacific is the most populated region worldwide and thus,
the demand for fuel substitutes such as dimethyl ether is highest from
this region. Countries such as Indonesia, Japan, and South Korea, are
fueling the growth of the DME market, apart from China, which is the
largest contributor.
This
91 page report gives readers a comprehensive overview of the Dimethyl
Ether Market. Browse through to unlock the hidden opportunities in this
market @
Use of DME in LPG Blending to Remain Key Driver for Market
The
various applications of DME studied in the report are: LPG blending,
aerosol propellants, transportation fuel, industrial, and others which
comprise chemical feedstock among others. Of these, the LPG blending
segment is anticipated to lead in the market. The scarcity of LPG is a
growing concern gripping countries that have inadequate gas reserves or
insufficient supply to meet the high demand from growing population. DME
has emerged as a boon for such countries as it reduces the dependency
on LPG imports. LPG imports are reduced by blending 20% DME with LPG,
which is then used for cooking, fueling the growth of the market. DME is
blended in LPG and requires no change in the infrastructure and has
emerged efficient, thus driving the market to a large extent.
DME as Potential Transport Fuel to Create Growth Opportunities
With
little alterations in the fuel injection systems, DME has promising
potential to be used in conventional engines as transport fuel in place
of diesel. This is expected to create immense growth potential for the
market and players will benefit from the opportunities offered by DME in
the transport sector. The global dimethyl ether market will witness a
rapid growth in the years to come on account of its clean combustion
properties. The growth in the automobile industry will push the DME
market in China. With easy and abundant coal reserves in China, the
market will flourish in the country. The market is expected to receive
boost from favorable regulations set by governments regarding emission
control for environmental conservation, which will compel the use of
cleaner fuels such as DME.
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Lack of Export Infrastructure to Limit Growth Opportunities for DME Market Players
One
of the key challenges of this market is the lack of proper export
infrastructure which is dampening the growth of the market. Despite the
high demand for DME from various countries, the lack of trade norms is
acting as a major hurdle for the growth of this market. Due to these two
constraints, the compound is seldom exported to countries, negatively
impacting the global DME market. Another hurdle in the market is the
small plant capacities. This has compelled players in the DME market to
operate their plants at much lower rates. The impact of this restraint
is estimated to reduce in the years to come as government strives hard
to overcome the challenge. This is expected to help the markets in
China, Papua New Guinea, and Saudi Arabia.
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