Dimethyl Ether (DME) Market will Exhibit a Steady 10.12% CAGR through 2023 with Top Players - Royal Dutch Shell, Guangdong JOVO Group Co Ltd, Mitsubishi Corporation,Shenhua Ningxia Coal Industry Group Co Ltd, Korea Gas Corporation, Oberon Fuels and Grillo

The Dimethyl Ether (DME) Market was worth USD 4.92 billion in the year 2014 and is expected to reach approximately USD 11.72 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 10.12% during the forecast period. The market is segmented into Raw Material, Application and Region. In terms of raw material the market is segmented into Fossil Fuel Based, Bio-Based and Natural Gas. On the basis of application the market is segmented into Industrial, Transportation Fuel, LPG Blending and Aerosol Propellants.

Competitive Insights:
Some of the leading players in the market are Royal Dutch Shell, Guangdong JOVO Group Co Ltd, Mitsubishi Corporation, Shenhua Ningxia Coal Industry Group Co Ltd, Korea Gas Corporation, Oberon Fuels and Grillo-Werke AG.

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Industry outlook and trend Analysis:

“Fossil fuel based dimethyl ether offers potentially low cost than diesel vehicle at high volume”
Fossil fuel based dimethyl ether is composed especially from petroleum gas and coal. Rich natural gas accessibility alongside expanding diesel costs is estimate to be key factor pushing dimethyl ether market measure. It additionally provides possibly minimal cost than diesel vehicle at high volume. However, strict government controls towards clean vitality may adversely impact on dimethyl ether market development over the conjecture time frame.

“Aerosol propellants applications was the biggest segment in 2015”
In 2015 Aerosol propellants applications were regarded above USD 1 billion. They give versatility & efficiency, low toxicity, low odor, stability & purity, low relative cost, wide vapor pressures range and wide vapor pressures range thereby boosting industry growth over the foreseen time. Transportation fuel is anticipated to experience most vital advancement in the following years. On account of its start quality, close by high cetane number, it can be useful as a part of diesel motors as a possibility for ordinary diesel fuel.

“United States dimethyl ether market accounted for income near USD 300 million in 2015”
The regional market is driven by extending bio construct dimethyl ether affirmation as for record of its low surge characteristics. Also, Europe is anticipated to experience impressive improvement in the up and coming years. Growing automakers action, for instance, R&D towards low releasing vehicles will drive industry improvement.

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Major Toc of the Report:
1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.1.1. Growing application as LPG Blend
3.2.1.2. Rising Utilization Aerosol Propellants
3.2.2. Restraints
3.2.2.1. Strict government regulations
3.2.3. Opportunities
4. Dimethyl Ether (DME) Market, By Raw Material
5. Dimethyl Ether (DME) Market, By Application
6. Dimethyl Ether (DME) Market, By Region
7. Company Profiles
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