Press release
(DME) Dimethyl Ether Market Size, Trends, Demand, Scope, Industry Share, Growth Opportunities, Competitive Landscape and Global Forecast to 2023
Dimethyl Ether (DME) Market Overview:Dimethyl Ether (DME) production as a fuel has targeted the use of DME as an LPG alternative, a transportation fuel for diesel engines, and fuel for gas turbines which is expected to drive the demand of Dimethyl Ether. Higher growth of end use industries such as oil & gas, which consume major share of overall Dimethyl Ether as a solvent, is expected to fuel the demand of Dimethyl Ether during the forecast period. Global paints & coatings market is estimated to grow at higher CAGR during the forecast period of 2018 to 2023. DME is used as an aerosol propellant which is used to help spray the vapor state paints or coatings from a pressurized container. This is anticipated to fuel the demand of Dimethyl Ether for manufacturing paints & coatings.
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Dimethyl Ether (DME) Market Key Players:
The eminent players in market are Mitsubishi Corporation (Japan), Akzo Nobel N.V. (the Netherlands), China Energy Limited (China), Oberon Fuels (U.S.), Ferrostaal GmbH (Germany), Zagros Petrochemical Company (Iran) The Chemours Company (U.S.) and Royal Dutch Shell plc (the Netherlands) to name a few.
Dimethyl Ether (DME) Market Regional Analysis:
Dimethyl Ether (DME) Market is divided into five key regions including, Asia Pacific, Europe, North America, the Middle East & Africa, and Latin America. Asia Pacific is the fastest growing market among them due to growing paints & coatings and household fuel in the region. India and China are the major markets in this region on account of the presence of major end use industries. Europe is holding a comparatively smaller share in the Global Dimethyl Ether Market.
Countries namely, Germany, U.K, and Italy are the key contributors to the regional market in this region owing to the growing demand of Dimethyl Ether by end use industries such as automotive, wherein the product is majorly used in the form of paints and lacquer. Apart from this, there is a significant presence of key players which may help push growth of the regional market forward. North America is closely following Europe, in terms of market size, in the Global Dimethyl Ether Market. U.S. is the largest market in this region, which is attributed to the growing reconstruction activities along with the chemicals industry.
Dimethyl Ether (DME) Market Segmentation:
Dimethyl Ether (DME) Market is segmented on the basis of raw materials, application and region. On the basis of raw materials, the market is divided into natural gas, coal, biomass, and others. Based on application, global dimethyl ether market is segmented into transportation fuel, aerosol propellant, liquefied natural gas (LPG) blending, and others. Geographically, the market is divided into five key regions including Asia Pacific, Europe, North America, Middle East & Africa, and Latin America.
Dimethyl Ether (DME) Market Table of Content:
1 Report prologue
2 Global Dimethyl Ether Market: Introduction
3 Global Dimethyl Ether Market: Research Methodology
4 Global Dimethyl Ether Market: Market Dynamics
5 Global Dimethyl Ether Market: Market factor analysis
Dimethyl Ether (DME) Market Table of Content to be Continue…...,
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