openPR Logo
Press release

dimethyl ether market Analysis- Size, Share, Growth, Industry Demand, Forecast

06-15-2017 02:58 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Insights, Inc.

/ PR Agency: Global Market Insights, Inc.
dimethyl ether market Analysis- Size, Share, Growth, Industry

Global dimethyl ether market size is projected to reach USD 11.97 billion by 2024, with estimated gains at 9.9 % CAGR.

Dimethyl Ether Market size is poised to exceed USD 11 billion by 2024; according to a new research report by Global Market Insights, Inc.

Increasing product demand as an alternative to conventional fuels is one of the major factors propelling the global dimethyl ether market share over the projected timeframe. It is extensively used in the liquefied petroleum gas (LPG) blending, as the resultant fuel possesses similar characteristics with LPG.

Purchase This Report by calling Global Market Insights, Inc. at 1-888-689-0688 (Toll Free) or 1-302-846-7766.

LPG is an essential domestic fuel in various applications including cooking and heating. Furthermore, approximately 65% of the DME produced across the globe is used in LPG blending. This trend will subsequently boost the industry growth by 2024.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/852

China is the largest LPG producer, supplier and consumer and hence plays a vital role in the global dimethyl ether market share. In addition, rapidly increasing population in Asia Pacific countries, particularly China & India, has significantly propelled the domestic fuel demand. Furthermore, the industry players in the region has elevated their production capacities, which in turn will drive the global dimethyl ether market size by 2024.

After dehydration, methanol can to converted to DME, which can be used in heavy duty application across trucks and ships as a diesel substitute. Methanol also improves combustion proficiency along with minimizing the emissions including carbon monoxide. Increasing awareness along with government legislations towards clean fuel usage in household activities and transportation industry will positively influence the business growth over the projected period.

DME is a fuel with minimum lubricative characteristics, therefore, conventional fuel delivery & injection systems are not companionable with it. This fact may obstruct the global dimethyl ether market size by 2024. Oscillating crude oil price trends, results in increasing LPG prices. This pushes the LPG substitute demand such as DME. For instance, International Organization for Standardization (ISO) had related standards towards product use as a LPG substitute in 2012, which has brought new growth prospects for the industry participants.

Browse key industry insights spread across 125 pages with 143 market data tables & 11 figures & charts from the report, “Dimethyl Ether (DME) Market Size By Raw Material (Fossil Fuel Based, Bio Based), By Application (LPG blending, Aerosol propellants, Transportation fuel, Industrial), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Application Potential, Price Trends, Competitive Market Share & Forecast, 2013 – 2024” in detail along with the table of contents:

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

Key insights from the report include:

• Fossil fuel based dimethyl ether market share is projected to expand at over 8% CAGR in terms of volume. However, strict government legislations regarding clean fuel may hinder the industry growth for the segment.

• Bio-based dimethyl market size is forecast to experience highest gains at over 11% CAGR over the projected timeframe. Rising awareness accompanied with escalating clean fuel demand across transportation and domestic applications will stimulate the business growth by 2024.

• In 2015, the global dimethyl ether market share for aerosol propellants generated revenue more than USD 1 billion. Relatively low cost, stability & purity, extensive boiling point & vapor pressures range, low odor, low toxicity, efficiency & versatility, flammability and ecofriendly characteristics makes the product desirable for its use as aerosol propellants.

• The global dimethyl ether market size for transportation fuel is estimated to witness highest growth over 14% CAGR by 2024. Stringent government norms towards minimizing carbon emissions produced from automotive will complement industry growth over the forecast timeframe.

• In 2015, North America, led by the U.S., was valued at over USD 300 million. Rising product acceptance in the region owing to low emissions traits is the major factor contributing the regional dimethyl ether market size.

• In 2015, Asia Pacific, mainly led by China, dominated the global dimethyl ether market share. Growing population in India and China along with escalating product usage across domestic purposes were the prominent growth factors.

• In 2015, the global dimethyl ether market share was competitive. Some of the industry share contributors are Akzo Nobel NV., Korea Gas Corporation, China Energy Ltd, Royal Dutch Shell PLC and Mitsubishi Corporation.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/852

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release dimethyl ether market Analysis- Size, Share, Growth, Industry Demand, Forecast here

News-ID: 580357 • Views: 262

More Releases from Global Market Insights, Inc.

Ammonium Metavanadate Market to surpass USD 85 million by 2025| American Element …
Booming construction sector globally owing to urban population growth & industrialization will boost the requirement for ceramic tiles & sanitaryware, thus accelerating ammonium metavanadate market growth. The product finds widespread usage as a raw material for producing ceramic glazes and colorants. Substantial economic growth, favorable government policies to boost infrastructure sector and significant investment in telecommunication facilities should drive product adoption in ceramic industry. Global powder form market should surpass USD
Organic Hair Care Market Analysis By 2026|Leading key players are Evonik Industr …
Organic Hair Care Market size is expected to witness a swell in interest owing to the growing usage of natural ingredients based outcomes as they are healthy for hair. Developing demand for sulfate-free products is prognosticated to propel production growth. The upsurge in the personal care and excellence enterprise is also one of the key factors to support the product demand. The information provided in the report is likely
Furfural Market Analysis by key Players Kao, Avalon, The Colgate-Palmolive, Bent …
Increase in consumption of pesticides and fungicides in agriculture sector in various countries has flourished the furfural market. Rise in demand of the product in pharmaceutical sector is one of the prime indicator in boosting the industry growth.. The information provided in the report is likely to help manufacturers involved in the production of bulk and specialty chemicals, polymers, resins, lubricants, detergents, soaps, coatings, preservatives, fluids, biocides, oilfield chemicals, specific chemicals,
Water Based Enamel Market to register an appreciable growth rate through 2026
Global Market Insights, Inc., announces an ongoing comprehensive report on the " Water Based Enamel Market". This report provides an exhaustive account of the industry including: o Water Based Enamel Market size, historical from 2015 to 2019 and annual forecast from 2020 to 2026 o Major water based enamel industry trends, technology evolution, economic indicators and business challenges o Regulatory and geopolitical trends impacting the industry o Business drivers and pitfalls impacting key regional markets o

All 5 Releases


More Releases for LPG

LPG Tanker Market Trends and Forecast up to 2024
LPG Tanker Market: Overview Shale gas production is in an unstoppable phase in some parts of the world, and this will be a high-impact driver for the global LPG tanker market. The market for LPG tankers is expected to display strong growth until the end of the forecast period of this report on account of several other factors as well. With the high production of shale gas, there has been a
Cape Gas Ensuring Safe LPG Installations
The expertise of Cape Gas lies in the “Liquid Petroleum Gas” Industry (LPG) and the company performs installations and repairs. Cape Gas is a registered member of LPGSASA or Liquid Petroleum Gas Safety Association of Southern Africa. Service areas of Cape Gas include: Domestic Installations: The staff of Cape Gas does Basic Economy installation that comes with a Gas Hob connection as well as single 9 kg cylinder in a cupboard system.
LPG Tanker Market to Record Sturdy Growth by 2024
LPG Tanker Market: Overview Shale gas production is in an unstoppable phase in some parts of the world, and this will be a high-impact driver for the global LPG tanker market. The market for LPG tankers is expected to display strong growth until the end of the forecast period of this report on account of several other factors as well. With the high production of shale gas, there has been a
Cape Gas: Solving all LPG Requirements
Very few companies provide a wholesome solution to their consumers, be it domestic, commercial or industrial gas requirements. Cape Gas is one such company that proves to be a one-stop solution to any kind of requirement regarding liquefied petroleum gas (LPG). They are registered members of “Liquid Petroleum Gas Safety Association of South Africa (LPGSASA) and proudly employed members titled “Licensed Gas Practitioners” who hold South African Qualification and Certification
Global LPG Regulators for Cylinders Market Research Report 2017
LPG Regulators for Cylinders industry has low technology barrier and is labor intensive industry. Currently, there are several producing companies in the world LPG Regulators for Cylinders industry. The main market players are Emerson, Cavagna Group, Rotarex, EFFBE, ECP Industries and Mauria Udyog. The production of LPG Regulators for Cylinders will increase to 99692 K Units in 2017 from 85184 K Units in 2012 with average growth rate of 3.19% This
Global LPG Cylinder Market Report 2017: MBG
The Global LPG Cylinder Market Report 2017 is a professional and in-depth study on the current state of the LPG cylinder market. Annual estimates and forecasts are provided for the period 2015 through 2023. Also, a six-year historic analysis is provided for these markets. The poduction of LPG cylinder will increase to 75665 K Units in 2017 from 55078 K Units in 2012 with average growth rate of 6.56%. Fill the