Global Dimethyl Ether Market to reach $14.4bn by 2025 | Key Players are China Energy Engineering Group Co. Ltd., AkzoNobel, Korea Gas Corporation, Shell, Mitsubishi Corporation

Global Bio-based and synthetic dimethyl ether market is forecast to exceed USD 14.46 billion by 2025; according to a new research report. The rising need to use a cleaner energy generation source will be the major factor, which will drive the overall bio-based and synthetic dimethyl ether market during the forecast period. Dimethyl ether is blended with LPG to be used for domestic cooking and heating owing to reduced emissions and economic benefits. Rising ecological concerns and the need to replace the conventional LPG by blending LPG with DME are likely to make significant contributions toward dimethyl ether market over the projected time span.

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This product is gradually gaining momentum in the industry owing to its rising applications as domestic fuel used for heating & cooking. It has been encouraged by regional regulatory bodies as it is a greener source of energy generation, which will help in reducing soot, particulate matter and other pollutants in the environment to restore and maintain environmental stability in the longer run. The product has widespread industrial applications in the pharmaceutical industry, home care, etc., which will help in attaining promising gains for DME market during the forecast period. Prominently growing pharmaceutical industry in Asia Pacific is likely to fuel the product demand over the forecast timespan.

Bio-based DME held a prominent share in global dimethyl ether market in 2018 and shall increase with a healthy CAGR over the forecast period. Increasing environmental awareness has led to stringent regulation on the fossil fuel extraction across the globe. This increased regulations on the fossil fuel extraction will propel the bio-based dimethyl ether demand in near future.

Dimethyl ether market for industrial applications although small but is likely to attain promising gains in near future. It is anticipated to grow with a significant CAGR over the projected timespan owing to extensive applications as an intermediate in preparing basic organic chemicals, catalyst in the polymerization process, etc. which suggests higher growth potential for the industrial segment. Other product applications include refrigerants, blowing agents for insulation panels, fuel for welding & cutting and the solvent extracting agent, etc. Moreover, robust demand for power in emerging economies such as India and China will boost the product demand as it is extensively used in power generation, which is expected to generate potential growth avenues for the industry in the coming years.

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Product demand in North America will grow with a healthy CAGR over the forecast period. Aerosol propellant industry and LPG blending will fuel the product demand in the region over the forecast period. As per the Consumer Specialty Products Association (CSPA), aerosol product production in North America was over 4.2 billion units in 2015 and projected to grow with a steady growth rate during the forecast period. In addition, according to the statistics presented by the World LPG Association (WLPGA) for the year 2015, the U.S. was ranked 1st in the global LPG production as well as consumption in the same year. This presented significant demand aspects for DME owing to its use in LPG blending. These prominent growth numbers in both industries will provide ample of opportunities for bio-based and synthetic dimethyl ether market during the forecast timespan.

Many multinational giants are working in the bio-based and synthetic dimethyl ether market. Some major vendors operating in the industry includes, Akzo Nobel, China Energy, Korea Gas, Royal Dutch Shel, Mitsubishi Corporation, Guangdong JOVO Group, Fuel DME Production Co., Grillo-Werke AG and Shenhua Ningxia Coal Industry Group.

Browse key industry insights spread across 225 pages with 226 market data tables & 18 figures & charts from the report, “Bio-based and Synthetic Dimethyl Ether Market” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/dimethyl-ether-dme-market

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