What are the factors driving the Dimethyl Ether Market trends by 2025? Key Players AkzoNobel, Korea Gas Corporation, Shell, Mitsubishi Corporation, China Energy Engineering Group Co. Ltd.
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Aerosol propellants is a niche application domain contributing significantly toward the global bio-based and synthetic dimethyl ether industry share. The relatively low cost, low toxicity, high efficiency, and extensive boiling point and vapor pressure range of DME allows the products’ widespread adoption in aerosol propellants that are deployed across a plethora of end-user industries such as cosmetics, pharmaceuticals, paints & coatings, etc.
In the cosmetic industry, DME as an aerosol propellant finds usage in fragrances, hair sprays, and other similar products. Using dimethyl ether as an aerosol propellant has significant benefits – it provides purity & stability, costs relatively low, has low odor, low toxicity, reduced flammability, and has a wide vapor pressures range. Driven by the fact that it is environmentally friendly, bio-based and synthetic DME industry share from aerosol propellants is anticipated to increase considerably in the years ahead.
Of the two basic raw materials used, fossil fuels dominated the bio-based and synthetic DME industry in 2018, on account of the massive natural gas recoverable reserves availability that can be utilized to manufacture products for a plethora of applications in aerosol propellants, LPG blending, and transportation fuels. Fossil-fuel based DME also finds deployment in numerous industrial applications such as solvent extracting agents, blowing agents for insulation panels, refrigerants, fuel for welding & cutting, etc.
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.
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.
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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.
Glimpse of Table of Content (ToC)
Chapter 3. Dimethyl Ether Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2014 - 2025
3.3. Industry ecosystem analysis
3.3.1. Manufacturing trends
3.3.2. Profit margin
3.3.3. Value addition
3.3.4. Distribution channel analysis
3.3.5. Vendor matrix
18.104.22.168. List of key manufacturers/distributors
22.214.171.124. List of key applications
3.4. Innovation & sustainability
3.4.1. Patent analysis
3.4.2. Future trends
3.5. Industry impact forces
3.5.1. Growth drivers
3.5.2. Industry pitfalls & challenges
3.6. Regulatory landscape
3.7. Growth potential analysis
3.8. Regional price trends
3.8.1. Cost structure analysis
126.96.36.199. R&D cost
188.8.131.52. Manufacturing & equipment cost
184.108.40.206. Raw material cost
220.127.116.11. Distribution cost
18.104.22.168. Operating cost
22.214.171.124. Miscellaneous cost
3.8.2. Price by raw material
3.8.3. Price by application
3.9. Competitive landscape, 2018
3.9.1. Company market share analysis, 2018
3.9.2. Brand analysis
3.9.3. Key stakeholders
3.9.4. Strategic dashboard
3.10. Porter’s analysis
3.10.1. Supplier application
3.10.2. Buyer application
3.10.3. Threat of new entrants
3.10.4. Threat of substitutes
3.10.5. Industry rivalry
3.11. PESTEL analysis
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 (DME) Market” in detail along with the table of contents:
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