PUBLISHER: TechSci Research | PRODUCT CODE: 1244156
PUBLISHER: TechSci Research | PRODUCT CODE: 1244156
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Global dimethyl ether will grow impressively during the forecast period. A popular trend right now is to go green. There will likely be a huge need for dimethyl ether as clean fuel becomes increasingly in demand due to escalating environmental contamination. The market expansion is expected to be augmented by other significant reasons, such as rising greenhouse gas emissions and diminishing oil reserves. Dimethyl Ether (DME) is known as methoxymethane, wood ether, dimethyl oxide, or methyl ether. It is an organic compound with the formula CH3OCH3. It is produced by converting hydrocarbons to synthesis gas using a gasification process. The same approach is in process regarding the carbon capturing & utilization approach for converting Carbon dioxide into Dimethyl Ether in one step method using a bifunctional heterogeneous catalyst. It is frequently utilized as a substitute for gasoline for use in vehicles, as fuel for power plants, as propane in liquified petroleum gas (LPG), and as a raw material for the production of a variety of chemical goods. Furthermore, the market is being further stimulated by the extensive use of Dimethyl Ether as an aerosol propellant in producing medicines, paints, coatings, and personal care items, including fragrances and hair, sprays. Additionally, the expanding demand for DME for increased drilling and fracturing efficiency and higher oil recovery is a growth-inducing driver. Aside from that, the market is dominated by corporate activity, increasing R&D spending, and governmental trade and export laws. The market is growing due to consumer preferences for new technologies that optimize profit. The worldwide dimethyl ether market is therefore expected to grow throughout the forecast period.
In the current scenario, one of the world's most pressing issues is global warming. The primary cause of this is fossil fuel use. A large concentration of greenhouse gases in the atmosphere alters the climate cycle, which in turn causes various problems, including pollution and glacier melting, among others. Modification of the current fuel source is one way to rectify this problem. To reduce harmful emissions, improve combustion, and reduce dependency on LPG, DME is blended with it as a fuel alternative additive. This is projected to boost the future market outlook for dimethyl ether. Governments and regional regulatory bodies should promote the use of renewable energy sources to minimize CO2 emissions. According to the World Energy Council, China, the region's largest coal resource, will have 80.2 thousand MTOE (million tonnes of oil equivalent) in total recoverable coal reserves by 2020, which will assist cut down on imports and fulfill the region's expanding DME demand at reasonable costs.
The market for dimethyl ether is primarily driven by rising automobile demand. As a result, many companies and manufacturers choose to use higher-quality gasoline in their vehicles. This will consequently create fresh growth opportunities. Dimethyl ether is being used in hybrid automobiles by the automotive industry more and more. The market for dimethyl ether is expected to grow as a result. There has been a sharp rise in demand for both diesel and bio-diesel as a result of a few automakers searching for crossover vehicle options worldwide. The need for dimethyl ether for the production of biofuels will rise as initiatives to fulfill energy demands from sustainable sources obtain support from several national governments. As a consequence, major players in the worldwide dimethyl ether market are anticipated to gain a lot from the biofuel sector.
The value of aromatic ether exports from China in 2021 was estimated to be USD 133,809 thousand, up from USD 124,434 thousand the year before, according to figures from the International Trade Center (Trade map).
The worldwide dimethyl ether market has been divided into methanol, natural gas, coal, bio-based, and others, depending on the raw material used. In the following years, the dimethyl ether market is anticipated to be dominated by the methanol sector. The ease with which DME may be produced using methanol as a raw material is reflected in the strong demand. In addition, it is easy and inexpensive to create DME from methanol. The segment's expansion is being hampered by the pollution from using coal as a raw material to produce DME. DME from natural gas is produced using a costly method.
Global Dimethyl Ether Market is segmented based on feedstock, application, region, and competitive landscape. Based on feedstock, the market is divided into Coal, Natural Gas, Methanol, Bio-based, and Others. Based on application, the market is divided into LPG Blending, Aerosol propellants, Industrial, and Others.
Akzo Nobel N.V., Haldor Topsoe Holding A/S, Toyo Engineering Corporation, Oberon Fuels Inc., Mitsubishi Corporation, Ferrostaal GmbH, Grillo-Werke AG, China Energy Limited, Japan DME Association, PCC SE, Nouryon Holding BV are some of the key players operating in the Global Dimethyl Ether Market.
In this report, global dimethyl ether market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in global dimethyl ether market.
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: