Dimethyl Ether (DME) Market Analysis Global Players - Akzo Nobel, China Energy Limited, The Chemours Company, Mitsubishi Corporation, Royal Dutch Shell, Ferrostaal GmbH, Grillo Werke AG, Jiutai Energy Group, Oberon Fuels and Zagros Petrochemical Company

Market Insights

The growing urgency of developing viable clean energy resources is a critical factor that promotes the growth of the Global Dimethyl Ether (DME). Fabricated using various methods, this compound is organic and a highly competent solution in a variety of fuel applications. A highly popular use for DME is as a propellant in aerosol products such as hairspray and insect spray. Its potential as a fuel source has prompted high investments in research and development to make it feasible on a global scale.

Market Research Future (MRFR), has recently published a thoroughly detailed report which provides exclusive insights on market trends, opportunities, and restraints. MRFR's data analysts have predicted a significant CAGR for the forecast period of 2017 to 2023. DME's potential to replace petroleum products during the forecast period is a highly motivating factor that will drive the market.

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Regional Analysis

The Asia-Pacific is the most sizable and fastest growing regional market during the forecast period. This growth can be attributed to the rapidly growing paints and coatings industry in the region which commonly uses DME as an aerosol propellant. It is also used as household fuel in this region. Countries such as India and China are expected to contribute significantly to market growth. China is an emerging economy to watch in the DME Market due to the abundant coal in the region and the increasing production of automobiles in the country.

Europe has the second largest global market share. Developed economies in the region such as Germany, U.K., and Italy are predicted to be the largest contributors to market growth during the forecast period. The presence of eminent market players who are investing in research & development to advance DME applications further is an essential factor boosting growth in this region.

The Americas are expected to witness a steady growth due to the presence of market leaders in the region and a growing demand for DME as a clean fuel alternative. The U.S is the largest contributor of growth in the region. Gradual changes in the political and economic scenario in tumultuous Latin American countries such as Columbia is expected to assist market growth in the region.

The Middle East and Africa carry an immense potential for investment in DME and the subsequent opportunities in various end-use industries. The region is predicted to display a significant CAGR during 2017 - 2023.

Latest Industry News

Indonesia and China have recently signed five contracts under the Silk Road Economic Belt and 21st Century Maritime Silk Road initiatives. The cooperation contracts include the development of facilities which convert coal into dimethyl ether. The project is worth a USD700 million piece of the total contracts worth of USD 23.3 billion.

Methanex has been making progress toward it's $1 billion expansion of its Geismar plant which is slated for design and engineering planning by 2019. The company moved two methanol plants from Chile to Geismar in 2014, by 2019 they hope to begin building a third unit. Methanol is an alternative fuel which a crucial component of Dimethyl Ether.

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