openPR Logo
Press release

Dimethyl Ether Market to acquire maximum gains via transportation fuel application over 2016-2024, Asia Pacific to drive the industry share

10-07-2017 02:18 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Insights Inc.

/ PR Agency: Global Market Insights Inc.
Dimethyl Ether Market to acquire maximum gains via

A prominent factor facilitating the commercialization of Dimethyl Ether Market is the increasing proliferation of the product as an alternative transportation fuel. With the growing concerns over energy security, environmental pollution, and future oil supplies, the global population is seeking for non-petroleum-based alternative fuels that would optimize the energy consumption.

Owing to its ability to considerably reduce SOx, C0x, and other particulate matter emissions, the potential impact of DME as an alternative high-efficiency ignition fuel is huge compared to other fuel counterparts. These fuels’ amenability of easily blending with LPG without hampering the resultant byproduct is escalating dimethyl ether market demand. The LPG-DME blend makes it one of the most attractive options of transportation fuel both for petrol as well as diesel engines. As per a report by Global Market Insights, Inc., “Dimethyl ether market is projected to almost double its revenue share from its base valuation of USD 5 billion in 2016, with an estimated CAGR of 9.9% over 2016-2024.”

Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/852

The eco-friendliness of dimethyl ethers can be majorly given the credit for the market’s remarkable expansion across automotive as well as domestic sectors. Regulatory norms initiated by the government pertaining to minimization of carbon emission has significantly complemented the business landscape in this domain. The overall growth of dimethyl ether market from transportation fuel is expected to witness maximum growth with 14% CAGR over 2016-2024.

However, in comparison to diesel fuel, DME has a lower viscosity level which may act as a roadblock in the growth path of the market. Regionally, Europe dimethyl ether market is highly influenced from this application domain with expectations to grow over 10% CAGR over 2016-2024. Growing investments by the automakers in low emission vehicles are favoring the business landscape. Ford Motors, for instance, is noticeably investing significant capital in the research activities pertaining to advanced internal combustion engines.

Aerosol propellants is another niche application domain contributing significantly toward the global dimethyl ether industry share. This application domain already held a billion-dollar business in 2015. Relatively low cost, low toxicity, high efficiency, and extensive boiling point and vapor pressure range are some of the characteristics of DME that allows the products’ widespread adoption in aerosol propellants.

Bio based and fossil fuels are the two major bifurcations of dimethyl ether market based on the raw materials used. Increasing demand for cleaner fuel both for domestic as well as industrial purposes is fueling bio-based dimethyl ether market demand. Furthermore, increasing penetration of this product in aerosol propellant applications is leaving a proportional impact on the market dynamics. As per estimates, the biobased market is slated to grow substantially at an annual rate of 11% over the coming seven years. Volatile crude oil price trends along with easy availability of natural gas are the two major factors propelling the market growth. With a projected CAGR of 8% over2016-2024, fossil fuel based dimethyl ether market is expected to witness steady gains in the years ahead.

Asia Pacific market led by China and India holds a prominent position in the global dimethyl ether industry, subject to its major revenue contribution toward the overall share in 2015. The growing population of China and the extensive product usage for domestic purposes are the two major grounds influencing the regional market growth prospect. In addition to this, the expanding production base with extensive capacities is also allowing Japan to stand as a strong contender in the APAC dimethyl ether market.

Dimethyl ether is a fuel with minimum lubrication property. Due to this, traditional injection systems and fuel delivery cannot be used in conjunction with it. Though this compatibility issue is acting as a major hindrance to growth trajectory of the market, however, oscillating crude oil price trends which is pushing the consumers to opt for a substitute, is providing lucrative business opportunities for dimethyl ether market. Some of the prominent industry players include Akzo Nobel NV., China Energy Ltd, Korea Gas Corporation, Mitsubishi Corporation, and Royal Dutch Shell PLC.

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/
Connect with us: Google+ | LinkedIn | Twitter | Facebook

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 to acquire maximum gains via transportation fuel application over 2016-2024, Asia Pacific to drive the industry share here

News-ID: 761377 • Views: 1000

More Releases from Global Market Insights Inc.

Steam Autoclaves Market | Insights and Forecast Research Report 2024
The steam autoclave market size is expected to exceed more than US$ 3.1 Billion by 2024, Growing at a CAGR of more than 8.7% in the given forecast period. The extensive use of sterilizing surgical equipment in pharmaceutical and biomedical applications has been propelling steam autoclaves market share over the last few years. The primary reason for the massive deployment of these products in medical applications is the nontoxic and
Advanced Wound Care Market 2019 | Growth, Status and Forecast by 2025
The global advanced wound care market size is expected to reach USD 13.5 billion by 2025, at a CAGR of 5.0% during the forecast period, according to a new report by Global market insights, Inc. Europe advanced wound care market will experience 5.0% growth during the analysis period. Germany, UK, and France represents mature markets in Europe while Spain, Netherland, Belgium, Austria are forecasted to witness high CAGR. Aging demographics
Vascular Graft Market | Industry Analysis, Size, Share, Growth by 2024
Vascular graft market size is anticipated to exceed US$ 3.6 bn by 2024, states Global Market Insights, Inc. in its latest research report. Prominent industries involved in vascular graft market are Becton Dickinson (C.R. Bard), B. Braun, Cryolife (Jotec), Cook Medical, Endologix, Getinge AB, LeMaitre Vascular, Medtronic PLC, Terumo GmbH and W.L. Gore and Associates. These prominent business players are focusing on strategic mergers, new product launch and acquisitions to
Pharmacovigilance Outsourcing Market 2019 | Dynamics, Forecast, Analysis and Sup …
U.S. pharmacovigilance outsourcing market size dominated North America region and was valued at USD 783.2 million revenue in 2017 and is estimated to witness similar trend during the forthcoming years. The high growth is attributed to strong foothold of major pharma and medical device companies coupled with extensive drug development activities in the U.S. Moreover, high healthcare expenditure in the country and growing concern regarding drug safety and adverse drug

All 5 Releases


More Releases for Dimethyl

Global Dimethyl Ether Industry Market Analysis & Forecast 2018-2023
Global Dimethyl Ether Industry Market has been thriving on the back of increased endeavors over the world to diminish carbon impression. Dimethyl ether, which can be gotten from sustainable materials, for example, metropolitan waste and biomass and in addition normal assets including coal and petroleum gas, is uncannily like LPG and is found in a vaporous state at room temperature. It tends to be effortlessly condensed and transported. The good
Widespread use of Dimethyl Ether as a Non-Petroleum based Alternative Fuel | Dim …
Majority of the DME manufactured these days is an end-product of two-step process where the first step involves methanol generation with the help of natural gas or coal being used a feedstock. And the second step involves dehydration of methanol for the production of DME. Dimethyl Ether has the potential of replacing diesel in the conventional engines with small modifications that need to be made in the fuel injecting systems.
Global Dimethyl Terephthalate Market to Witness Robust Expansion by 2025
This study focuses on the production side and consumption side of Dimethyl Terephthalate, presents the global Dimethyl Terephthalate market size by manufacturers, regions, type and application, history breakdown data from 2013 to 2018, and forecast to 2025. In terms of production side, this report researches the Dimethyl Terephthalate capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and product type. In terms of consumption side, this
Global Dimethyl Ether Market Research Report 2017
Report Hive Market Research Released a New Research Report of 116 pages on Title "Global Dimethyl Ether Market Research Report 2017" with detailed Analysis, Forecast and Strategies. In this report, the global Dimethyl Ether market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report is segmented into
Dimethyl Ether Market - Global Industry Analysis 2020
The global dimethyl ether (DME) market is moderately consolidated with a few large players holding a significant market share. A number of key companies operating in the DME market are based in China and these companies collectively account for a massive 85% of the global market, Transparency Market Research says in a new study. Some of these companies are Jiutai Energy Group, Shenhua Ningxia Coal Industry Group Co. Ltd., and
Dimethyl Carbonate Market - Global Industry Analysis 2023
Owing to the dimethyl carbonate market’s extremely fragmented nature, the competitive landscape of the market can shift rapidly in the coming years, according to Transparency Market Research. According to 2016 figures, the key players include globally prominent companies such as Akzo Nobel N.V. and BASF SE, along with players that originate and distribute majorly within Asia Pacific markets. Some of these include Dongying City Longxing Chemical Co., Ltd., Tangshan Chaoyang