Dimethyl Ether (DME) Market to Witness Comprehensive Growth by 2025
Dimethyl
Ether (DME) is an ether which has the largest application in chemical
industry. It is produced using fossil fuels, methanol, and biomass.
However, the most prominent raw material used in producing DME is
coal. Having various properties similar to Liquefied Petroleum Gas
(LPG) it is being considered as an excellent alternative to the
traditional fuel. Many countries are moving towards using dimethyl
ether, reducing their dependency LPG. Various plans are underway to
access DME as an alternative fuel in vehicles. Companies producing
DME are also using raw materials from natural organic waste, hence,
this is also expected to help in reducing carbon footprints. Various
major market players are also entering into a partnership to enhance
DME production and evaluate fuel performance and viability.
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Moreover,
stringent regulations by the government in various countries is also
one of the major factors driving the demand for dimethyl ether.
Regions with the lack of LPG accessibility are moving towards using
DME. New fuel engines based on DME are also being developed by
manufacturers.
The
report provides a detailed profile for some of the key market players
in the global dimethyl ether (DME) market such as Royal Dutch Shell
plc, Akzo Nobel NV, Ferrostaal GmbH, China Energy Limited, Toyo
Engineering Corporation, TOTAL S.A., Oberon Fuels Inc., Praxair,
Inc., Guangdong JOVO Group Co., Ltd, and Grillo-Werke AG.
According
to the latest report compiled by Transparency Market Research (TMR),
the global dimethyl ether (DME) market is expected to witness strong
growth. The market is estimated to register 11.5% CAGR during the
forecast period 2017-2025. It is also estimated to bring in US$
7,488.7 million revenue by the end of 2025.
The
global dimethyl ether (DME) market is segmented on the basis of raw
material, end use, and region. On the basis of raw material, the
market segments include methanol based DME, coal based DME, bio based
DME, and natural gas based DME. Among these, coal based DME is
expected to witness impressive growth during the forecast period
2017-2025. Based on the end use, dimethyl ether (DME) is expected to
be largely used as the domestic-sector fuel during the forecast
period 2017-2025.
Region-wise,
the market is segmented into North America, Europe, Latin America,
Japan, Asia Pacific Excluding Japan (APEJ), and the Middle East and
Africa (MEA). North America is expected to emerge as the largest
market in the global dimethyl ether (DME) market during 2017-2025.
Various companies, especially in North America are planning to use
DME as an alternative to LPG in urban fleets and commercial vehicles.
Moreover, on-going improvements in vehicle emission technology and
increase in adoption of bio-based fuel are also driving the growth of
DME in North America.
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The
scarcity of LPG in various regions is one of the major concerns,
hence, the demand for DME is rising. DME is considered as the
high-performance and clean fuel, hence, it is being extensively used
in diesel engines. The automobile industry is also moving towards the
use of DME, as it eliminates particulate exhaust emissions, thereby
saving the high cost of diesel particulate filters. The automobile
industry is also moving towards using DME blended with LPG or DME as
standalone as it is considered as a cleaner energy source. With the
rise in demand, the production of DME is also increasing. Companies
are increasing investments in research and development activities to
produce DME in an efficient manner. Countries are also moving towards
using DME in order to reduce emission and fulfill increasing demand
for cost-effective and clean fuel.
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