Dimethyl Ether Market Share, Enhancing Huge Growth and Latest Trends and Forecasts
Category: #business  By Ronak Bora  Date: 2020-01-16
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Dimethyl Ether Market Share, Enhancing Huge Growth and Latest Trends and Forecasts

The research study on ‘Modest recovery in Global Dimethyl Ether Market’ is inclusive of a detailed summary of this industry. A highly focused approach on the subjective research has been undertaken, with the description of product scope and elaborate industry insights and outlook until 2025.

A detailed analysis of the dimethyl ether market has been provided in the report. The analysis is undertaken on the basis of the overall historical data, valid projections on the market size, qualitative insights, and more. The predictions of this report have been inferred based on conclusive analysis techniques and assumptions. A detailed evaluation of the popular trends prevalent in the dimethyl ether market has been given in the report, in tandem with the microeconomic pointers and regulatory mandates. With this analysis, the report projects the lucrativeness of every market segment over the forecast period, 2019-2025.

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Dimethyl ether is experiencing increase in demand owing to its versatile applicable use in automotive fuels, industrial procedures, electric power generation, and domestic applications such as heating & cooking. DME can be produced from abundant sources and are cost effective that escalates the use of the compound. Further, low carbon footprint will enhance bio-based and synthetic dimethyl ether market growth over the study timeframe.

Asia-Pacific holds significant share in the bio-based and synthetic dimethyl ether market owing to strong presence of manufacturers coupled with increasing adoption of clean fuel alternatives. Increasing demand for cooking fuel with respect to rapid urbanization has supported the growth in the region. For instance, in July 2017, Turkmenistan government showcase interest in development of its domestic gas and chemical industry through series of investment plans in chemical complexes featuring production focus on polyvinyl chloride, nonethylene glycol, dimethyl ether and other chemicals.

Speaking on the regional spectrum, it is rather overt that Asia Pacific market led by China and India holds a prominent position in the global bio-based and synthetic dimethyl ether industry. The growing population of China and the extensive product usage for domestic purposes are the two major grounds influencing the regional market growth prospects.  In addition to this, the expanding production base with extensive capacities is also allowing  Japan to stand as a strong contender in the APAC bio-based and synthetic dimethyl ether industry.

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Initiatives to deploy DME in the automobile sector have been largely observed in the U.S., Europe as well as Asia-Pacific region. In 2015, the U.S. Department of Energy had announced an $11 million fund for supporting the development of alternative fuels for medium and heavy duty vehicles which also focused on dimethyl ether. The dimethyl ether market has been witnessing a rise in consumption with several such government efforts to help curb pollution and enable a greener transport sector. The German government was credited with co-funding a three-year research with Ford to test cars fitted with engines compatible with natural gas and biomass-based DME.

A prominent factor facilitating the commercialization of bio-based and synthetic dimethyl ether market is the increasing proliferation of the product as an alternative transportation fuel. With the growing concerns over energy security, environmental pollution, and future oil supplies, the global population is seeking for non-petroleum-based alternative fuels that would optimize the energy consumption. Owing to its ability to considerably reduce SOx, C0x, and other particulate matter emissions, the potential impact of DME as an alternative high-efficiency ignition fuel is huge compared to other fuel counterparts.

Bio-based and synthetic dimethyl ether is a fuel with minimum lubrication property. Due to this, traditional injection systems and fuel delivery cannot be used in conjunction with it. Though this compatibility issue is acting as a major hindrance to growth trajectory of the market, however, oscillating crude oil price trends which is pushing the consumers to opt for a substitute, is providing lucrative business opportunities for bio-based and synthetic dimethyl ether industry. Some of the prominent industry players include Akzo Nobel NV., China Energy Ltd, Korea Gas Corporation, Mitsubishi Corporation, and Royal Dutch Shell PLC.

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Elaborating further on the purpose of the company based out of Brisbane, it plans to build the country’s very first full-scale DME production facility by 2020 for delivering a fuel that replaces diesel in power stations, machinery and heavy vehicles. It also wants to explore blending the compound with LPG for use in passenger vehicles, signifying a lucrative area of development for the dimethyl ether industry. Implying the benefits of producing synthetic dimethyl ether on a large scale, around 23.5 billion liters of diesel was used in Australia during 2014-15, making the country one of the largest per capita diesel consumers.

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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