Dimethyl Ether Market to Gain Revenue as New Entrants Explore Untapped Business Potential of APAC


Posted July 21, 2021 by chemical_industry

Market Research Future (MRFR) studied the global dimethyl ether market 2021 for the review period till 2027. As per MRFR analysis, the global dimethyl ether market is expected to garner high revenue at a decent CAGR in the years to come.
 
Market Scope
Market Research Future (MRFR) studied the global dimethyl ether market 2021 for the review period till 2027. As per MRFR analysis, the global dimethyl ether market is expected to garner high revenue at a decent CAGR in the years to come.
Key Players of Dimethyl Ether Market
China Energy Limited (China), Akzo Nobel N.V. (the Netherlands), Mitsubishi Corporation (Japan), The Chemours Company (U.S.), Ferrostaal GmbH (Germany), Royal Dutch Shell plc (the Netherlands), Jiutai Energy Group (China), Grillo Werke AG (Germany), Zagros Petrochemical Company (Iran), and Oberon Fuels (U.S.) are some top-notch players in the global dimethyl ether market that are listed by MRFR in the new report.
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Report : https://www.marketresearchfuture.com/reports/dimethyl-ether-market-787

Drivers and Restrains Impacting Dimethyl Ether Market
Dimethyl Ether (DME) is used in products that are commonly used as a replacement for liquid petroleum gas (LPG). DME is also used as a replacement for diesel. The surge in transportation applications of DME can support the expansion of the market. Dimethyl Ether is colorless and volatile liquid compound that is used extensively as solvent, aerosol, fuel, refrigerant, and propellant. Thus, the growing utility of DME in chemical sector can underpin the growth of the market. In addition, increasing demand for dimethyl ether as fuel for diesel engines, along with the rising need for LPG blending with DME that reduce the overall price of the mixture can have a positive impact on the market. The rise in consumption for clean energy can add to the market rise in the years to come.
DME is used as an aerosol propellant that can help spray the vapor state coatings and paints in a pressurized container. This is likely to fuel the need for dimethyl ether for manufacturing coatings and paints, that can drive the global DME market over the analysis period. The growing adoption rate of DME along with the surge in number of LPG plants to cater to the energy requirement of the growing population can add to the market upsurge.
In addition, continuous expansion of automotive industry as well as shifting interest of manufacturers towards clean energy fuel can support the growth of dimethyl ether market over the assessment period by 2023. On the contrary, the growing environmental concern associated with toxic effect of diesel and related fuels and the implementation of stringent regulations norm are identified as potential growth factors of the dimethyl ether market over the assessment tenure.

Segment Analysis of Dimethyl Ether Market
The segment analysis of the global dimethyl ether market is based on raw materials and application.
The raw materials-based segments of the dimethyl ether market are coal, natural gas, and biomass among others. The coal segment is expected to generate decent revenue by 2027. The segment of natural gas can rise at high CAGR due to the increase in demand for clean energy.
The application-based segments of the dimethyl ether market are transportation fuel, liquefied natural gas (LPG) blending, and aerosol propellant among others. The segment of aerosol propellent can garner high revenue in the near future for the dimethyl ether market. The liquified natural gas (LPG) blending segment can acquire considerable revenue for the market in the year ahead.
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Regional Analysis of Dimethyl Ether Market
The regional study of the dimethyl ether market is based on Asia Pacific, North America, Europe, Latin America, and Middle East & Africa.
The Middle East Asia and Africa region is predicted to be the largest shareholder of the global dimethyl ether market, followed by the western countries; North America and Europe. The strong presence of crude oil reserves that can curb the raw material demand gap for dimethyl ether can support the market growth in the west. In North America, the U.S, followed by Mexico, are noted as major contributors in the regional market as both offshore and onshore activities are observed to increase. Innovation can support North America market.
In Europe; Germany, Spain, and Russia are expected to register the highest share of the market on account of tremendous need for dimethyl ether for aerosol propellant manufacturing.
In Asia Pacific, regions, such as; India and South Korea, are observed as the rapidly expanding market for dimethyl ether and is estimated to thrive at a high CAGR over the forecast term. Improving living standards and flourishing growth of the LPG manufacturing industry are factors that can contribute to the upsurge of the Asia Pacific market.
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NOTE: Our Team of Researchers is Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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Tags dimethyl ether market , dme market , global dme market
Last Updated July 21, 2021