Global Dimethyl Ether (DME) Market Witness Robust Growth at a CAGR of 11.5% during Forecast 2017 – 2022

A new research report on the global market for dimethyl ether has been broadcasted to the wide repository of Market Research Hub (MRH), which is titled as “Dimethyl Ether (DME) Market- Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022”. This study provides a complete perspective on global dimethyl ether market’s evolution throughout the above-mentioned forecast period in terms of revenue (in US$ Mn) and CAGR. According to the research key projections, the global dimethyl ether (DME) market is all set to exhibit a CAGR of over 10% throughout the forecast period (2017-2022). Also, worldwide sales of DME for various end users are estimated to reach nearly US$ 7,500 Mn by 2022-end.

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The growth is estimated because Dimethyl Ether (DME) is an ether which has the largest application in chemical industry. The analyst states that Dimethyl ether is witnessing a significant increase in demand as a non-petroleum based alternative over the past few years. Having various properties similar to Liquefied Petroleum Gas (LPG) it is being considered as an excellent alternative to the traditional fuel. Many countries are moving towards using dimethyl ether, reducing their dependency LPG. DME is considered as the high-performance and clean fuel, hence, it is being extensively used in diesel engines. Presently, new fuel engines based on DME are also being developed by manufacturers.

North America Became Largest Market for Dimethyl Ether

The geographical segmentation is also included in the report which analyzes the scope of the market in different regions including North America, Latin America, Europe, Japan, Middle East and Africa, and APAC. Of these, North America is expected to emerge as the largest market in the global dimethyl ether (DME) market during 2017-2022. This is because various companies the region are planning to use DME as an alternative to LPG in urban fleets and commercial vehicles. Moreover, on-going improvements in vehicle emission technology and increase in adoption of bio-based fuel are driving the growth of DME in North America.

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Segmental Analysis

Apart from regional segmentation, the market has been analyzed on the basis of raw material and end-use. On the basis of raw material, the market segments include methanol based DME, coal-based DME, bio-based DME, and natural gas based DME. Among these, coal-based DME is expected to witness impressive growth during the forecast period 2017-2022.

The global dimethyl ether (DME) market is expected to witness a robust growth attributed to increasing demand for electric power generation and various domestic applications such as cooking and heating. On the other hand, Refrigerant is anticipated to emerge as the fastest expanding end use of dimethyl ether during the forecast period.

Moving further, the research has analyzed market competitiveness on the basis of key players profiled in the study. With the rise in demand, the production of DME is also increasing. Companies are increasing investments in research and development activities to produce DME in an efficient manner. Key players operating in the global dimethyl ether (DME) market are Royal Dutch Shell PLC, Toyo Engineering Corporation, Akzo Nobel N.V., TOTAL S.A., Ferrostaal GmbH, Praxair, Inc., Grillo-Werke AG, China Energy Limited, Oberon Fuels and Guangdong JOVO Group Co., Ltd.

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This release was published on openPR.