Dimethyl Ether (DME) Market Quadruples by 2023; with a ~ 10.12 % of Whooping CAGR | Korea Gas Corporation, Shenhua Ningxia Coal Industry Group, Guangdong JOVO Group, Fuel DME Production, Royal Dutch Shell, Mitsubishi Corporation, Grillo-Werke AG and Obero

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.

Competitive Insights:

The major players in the market are Korea Gas Corporation, Shenhua Ningxia Coal Industry Group Co Ltd, Guangdong JOVO Group Co Ltd, Fuel DME Production Co Ltd, Royal Dutch Shell, Mitsubishi Corporation, Grillo-Werke AG and Oberon Fuels.

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The product is useful as a substitute to conventional fills and holds tremendous potential crosswise over across various applications. The most vital usage of the product is liquefied petroleum gas (LPG). The synthesis of LPG and DME shares different similitudes, which makes it conceivable to adjust the two in equally with no changes in the after product. This special trademark makes mixed LPG suited for wide range of use in machinery and equipment. Besides, manufactured LPG and DME's closeness alongside generation ease from complex feedstock are giving various chances to the ultra-clean fuel's advent in new industry comprehensively as a LPG substitute. For example, at exhibit over 65 percent DME created comprehensively is mixed with LPG. Mixed LPG with DME has a crucial part in China, as it the biggest LPG provider and customer worldwide. China is likewise upgrading dimethyl ether production limit with regards to using methanol as feedstock. This is to be converged with LPG for domestic usage and as a diesel substitute in transportation due to the industry development over the figure timeframe. DME is mixed with LPG and used for domestic heating and cooking. Expanding product usage for domestic applications is developing progressively as DME mixing turns out to be more boundless inside the quickly developing LPG industry. Rising safer, environmentally friendly, and cleaner fuel interest for cooking and warming will additionally supplement industry development in the upcoming years. Additionally, rising oil costs and relating increment in propane and butane cost has driven the demand of LPG substitutes, with similar properties alongside being economically feasible. Expanding demand of LPG substitutes is estimate to boost dimethyl ether market measure over the anticipated time span. In 2012, International Organization for Standardization (ISO) related models with respect to DME use due to help industry development. The product is a fuel with no lubricity, conventional fuel infusion and fuel conveyance frameworks are not suitable with DME. Hence, diesel engine operation on the product requires a fuel-tolerant infusion framework, or figure out how to give the vital lubricity. These elements are foreseen to hamper industry development in the upcoming years. Nonetheless, advent of bio based dimethyl ether has made new development open doors for the business members.

By Region:

North America - U.S, Canada, Mexico
Europe - Germany, France, UK, Italy, Spain, Rest of Europe
Asia-Pacific - Japan, China, Australia, India, South Korea, Rest of Asia Pacific
Rest of the World - Brazil, South Africa, Saudi Arabia, United Arab Emirates, Others

Regional outlook and Trend Analysis:

United States dimethyl ether market accounted for income near USD 300 million in 2015. Territorial market is foreseen to be driven by expanding bio construct dimethyl ether acknowledgment with respect to record of its low outflow attributes. Additionally, Europe is conjecture to encounter considerable development in the upcoming years. Expanding automakers activity, for example, R&D towards low discharging vehicles will drive industry development. For example, Ford Motors declared R&D speculation of roughly USD 3.5 million towards most recent inward burning motors with natural advantages like an electric vehicle. Asia Pacific, drove fundamentally by China and India dimethyl ether market measure, ruled the worldwide share in 2015. The locale is biggest item maker and shopper, especially for the residential purposes. Additionally, expanding generation exercises in Japan with broad limits will emphatically impact on industry development in the upcoming years.

Raw Material Outlook and Trend Analysis:

Dimethyl ether that is fossil fuel based is delivered especially from petroleum gas and coal. Limitless accessibility of natural gas alongside expanding diesel costs is gauge to be key factor impelling dimethyl ether market measure. It additionally provides conceivably ease than diesel vehicle at high volume. However, stringent government controls towards clean vitality may adversely effect on dimethyl ether market development over the estimate time frame. Bio based dimethyl ether market measure is anticipated to extend at a more prominent rate on the basis of income. Bio based dimethyl ether, is an energy containing particle that is buildup of two bio methanol atoms. It comprises of carbon monoxide and hydrogen atoms resulting from methanol preparing. Additionally, methanol can be created from pyrolysis gasses produced from waste or junk and paper process deposit. Because of these raw materials used for bio based DME generation, its usage does not emit nitrous oxides, sulfur oxides, or mercury, which makes the product condition well disposed. Moreover, expanding product application as aerosol propellant in local personal care sector is probably going to supplement industry development in the upcoming years.

Application Outlook and Trend Analysis:

In 2015 Aerosol propellants applications were esteemed above USD 1 billion. They provide low toxicity, stability & purity, low relative cost, low odor, versatility & efficiency, extensive range of boiling points, wide vapor pressures range, flammability and environmental friendly attributes thereby boosting industry development over the anticipated time allotment. Transportation fuel is expected to encounter most noteworthy development in the upcoming years. Because of its ignition quality, alongside high cetane number, it can be useful as a part of diesel engines as an option for conventional diesel fuel. Expanding stringent directions went with rising attention to limit air toxins by implementation of non-petroleum based option energizes will supplement dimethyl ether market in the following years. Nonetheless, compared with diesel fuel it has a lower consistency and poor lubricity which may deter industry development over the figure time allotment.

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Table of Contents

1. Introduction
2. Executive Summary
3. Market Overview
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

7.1.Oberon Fuels, Inc.
7.1.1.Business Overview
7.1.2.Product Portfolio
7.1.3.Key Financials
7.1.4.Strategic Developments

7.2.Mitsubishi Corporation
7.2.1.Business Overview
7.2.2.Product Portfolio
7.2.3.Key Financials
7.2.4.Strategic Developments

7.3.Akzo Nobel NV
7.3.1.Business Overview
7.3.2.Product Portfolio
7.3.3.Key Financials
7.3.4.Strategic Developments

7.4.Korea Gas Corporation
7.4.1.Business Overview
7.4.2.Product Portfolio
7.4.3.Strategic Developments

7.5.China Energy Ltd
7.5.1.Business Overview
7.5.2.Product Portfolio
7.5.3.Strategic Developments

7.6.Royal Dutch Shell PLC
7.6.1.Business Overview
7.6.2.Product Portfolio
7.6.3.Strategic Developments

7.7.Shenhua Ningxia Coal Industry Group Co
7.7.1.Business Overview
7.7.2.Product Portfolio
7.7.3.Strategic Developments

7.8.Grillo-Werke AG
7.8.1.Business Overview
7.8.2.Product Portfolio
7.8.3.Strategic Developments

7.9.Guangdong JOVO Group Co., Ltd.
7.9.1.Business Overview
7.9.2.Product Portfolio
7.9.3.Strategic Developments

7.10.Fuel DME Production Co., Ltd
7.10.1.Business Overview
7.10.2.Product Portfolio
7.10.3.Strategic Developments
...

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Continued…

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