l Dimethyl Ether Demand to Rise As Nations Vow to Reduce Carbon Footprint In 2025
It can be easily liquefied and transported. The favorable characteristics of DME have resulted in creation of significant growth opportunities for the chemical in energy applications over the last decade. According to the projections of this report, the demand in the global dimethyl ether market will increment at a formidable CAGR of 9.6% during the forecast period of 2017 to 2025. The analysts of the report have estimated that the opportunities in the dimethyl ether market, worldwide, will translate into a revenue of US$9,868.1 mn by the end of 2025, considerably up from its evaluated worth of US$4,371.1 mn in 2016.
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Methanol Primary Raw Material Segment
On the basis of raw material type, the dimethyl ether market has been segmented into natural gas, coal, methanol, and others such as bio-based ingredients. In 2016, the methanol segment accounted for nearly 90% of total demand in the dimethyl ether market in 2016. This strong demand is a reflection of the ease with which DME can be produced using methanol as a raw material. In addition to that, production of DME from methanol is a cost-efficient and easy process. Coal held the next major share of the dimethyl ether market in 2016. The usage of coal as a raw material for the manufacturing of DME leads to pollution, and therefore the segment is losing ground. Production of DME using natural gas is a costly process.
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