Dimethyl Ether (DME) Market Overview, Demand, Global Industry Share, COVID-19 Analysis and Growth 2023
Dimethyl Ether (DME) Market Overview
Dimethyl Ether (DME) is gathering momentum as an
environment-friendly material. It has drawn significant commercial interest in
recent years. Minimum or zero afterburn residue of DME makes it a highly
marketable material. Market Research Future (MRFR’s) reports that the global COVID-19 analysis on DME
market will exhibit a sound growth during the
during 2017 to 2023.
In normal pressure and temperature, DME is present in gaseous form
however at lower temperature it tends to change into liquid. The suitable
chemical properties make DME easy to store and transport. Application of DME is
growing is segments such as automotive, power generation and household. The
product is gaining popularity owing to superior chemical and physical
properties.
Market opportunities are also coming from it increasing use at an
alternative fuel to LPG. Growing emphasis on use of eco-friendly fuel for
combustion engines is partly driving the demand for dimethyl ether. In
addition, growth of end-user verticals such as oil & gas and automotive is
reflecting favourably on the global dimethyl ether market.
Dimethyl Ether (DME) Market Competition Analysis
Some of the leading companies operating in the global dimethyl
ether industry include China Energy Limited
(China), Mitsubishi Corporation (Japan), Ferrostaal GmbH (Germany), Jiutai
Energy Group (China), Akzo Nobel N.V. (the Netherlands), Zagros Petrochemical
Company (Iran), The Chemours Company (U.S.), Grillo Werke AG (Germany), Royal
Dutch Shell plc (the Netherlands) and Oberon Fuels (U.S.)
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Global Dimethyl Ether Market: Segmental Analysis
The segmental analysis of the market has been conducted on basis
of application, raw materials and regions. By application, the market has been
segmented into, aerosol propellant, transportation fuel, liquefied natual gas
(LPG) blending and others. On the basis of raw material, the market has been
segmented into biomass, coal, natural gas and others.
Global Dimethyl Ether Market: Regional Analysis
On the basis of region, the market has been segmented into Latin
America, Europe, the Middle East & Africa (MEA), North America and Asia
Pacific (APAC). The market in APAC is expected to witness the fast expansion
during the forecast period. The market growth in the region is expected to
driven by the increasing demand for coatings & paints and growth of the
construction sector in countries such as China and India. These countries
present attractive market opportunities owing to rapid industrialization and urbanization.
Europe represent a relatively smaller slice of the market in terms of revenue.
Countries such as Germany, the U.K., Netherlands are among the major
contributors to the Europe dimethyl ether (DME) market in terms of revenue. In
Europe, DME demand is mainly concentrated. in the automotive sector. DME is
primarily used as lacquer and paints in automotive manufacturing. In terms of
value, North America holds the third position in the global dimethyl ether
(DEM) market. North America is led the U.S. which boast a present of a
established end-use sector such as chemicals, automotive and construction.
The MEA also represents a bright market for DME. During the
forecast period, the MEA DME market is expected to exhibit a strong growth but
from a lower base. Consistent efforts towards economic diversification in
generating tremendous investor confidence in the region. In Latin America,
countries such as Brazil, Chile and Colombia are expected to remain among the
key market for DME during the forecast period.
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NOTE: Our team of researchers are studying Covid19 and its impact
on various industry verticals and wherever required we will be considering
covid19 footprints for a better analysis of market and industries. Cordially
get in touch for more details.
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