Global Bio-based and Synthetic Dimethyl Ether (DME) Market was valued US$ XX Mn in 2019 and is expected to grow US$ XX Mn by 2027, at a CAGR of XX% during the forecast period.
Global Bio-based and Synthetic Dimethyl Ether (DME) Market
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Dimethyl Ether (DME) is a colorless gas at atmospheric temperature and is utilizing in varieties of fuel applications such as an aerosol propellant and LPG blending. Dimethyl Ether is broadly fortified for domestic applications by government bodies since it is a cleaner source of energy generation. It is also a favorable fuel in gas turbines and diesel engines. The bio-based and Synthetic Dimethyl Ether market is widely utilizing across domestic and household industry for cooking and heating applications as a cleaner energy source.
Bio-based and synthetic dimethyl ether is experiencing an increase in demand on account of its multipurpose applicable use in automotive fuels, industrial procedures, electric power generation, and domestic applications such as heating & cooking. DME can be produced from abundant sources and are cost-effective that increases the use of the compound. Also, a low carbon footprint will boost bio-based and synthetic dimethyl ether market growth over the forecast period. PM and NOx emission benefits presented by the compound have ignited benefits from several automobile manufacturers to explore its usage as a substitute fuel to power heavy trucks and tractors. Moreover, diesel engines need a fuel-tolerant injection system to operate on the product. These needs for a sustainable fuel substitute and increasing R&D initiatives for emerging DME compatible engines will provide beneficial growth opportunities to the key players in the bio-based and synthetic dimethyl ether market.
The abundance of fossil fuel has reinforced the demand view for fossil-fuel-based DME. The demand for LPG mixing compounds and other fuel for transportation has displayed a significant increase in contribution from the government and private sector. For example, in Sept 2019, National Chemical Laboratory declared the inauguration of the DME manufacturing plant in India. This manufacturing plant has targeted towards supporting government policy to deliver cost-effective cooking gas with a blend of 20% DME in LPG.
Development in chemical production techniques to achieve carbon neutrality is increasing investments from companies to consider dimethyl ether as a substitute compound for the production of numerous chemicals like olefins, which has further multiple industrial uses. For instance, in Jan 2019, BASF declared R&D projects to develop catalytic agents to convert syngas to dimethyl ether that further use to produce olefins in an eco-friendly way.
Nevertheless, due to DME is a fuel with less lubricity, conventional systems of fuel delivery and fuel injection are not well-matched with it. This factor is expected to hinder the bio-based and synthetic dimethyl ether market growth.
By application, aerosol propellants segments are account for the largest market share of XX% in 2019 because of the increased demand for the bio-based and synthetic dimethyl ether market. Aerosol propellants are broadly used chemicals in several industries like cosmetics, pharmaceuticals, and coatings.
Region-wise, Asia-Pacific held the largest market share of XX% in 2019 thank to the large presence of producers along with the increasing adoption of clean fuel alternatives. Increasing trends for LPG mixed with the product for residential cooking application in the APAC countries such as India, China, and Indonesia will drive the Asia Pacific bio-based and synthetic dimethyl ether (DME) market in the current future. Also, significant activities by the Indian government to uproot lamp fuel by DME and the emerging urbanization in the district similarly present more clear need lookouts for the product in LPG blending. Europe held the second-largest market share of XX% in 2019. The product has increasing wide acknowledged as an elective fuel for pressure start motors in Europe, which will possibly drive the regional dimethyl ether market growth over the forecast period. North America held the third-largest market share of XX% in 2019. The growing product demand as an aerosol propellant in the region will help the market growth in the coming years
The objective of the report is to present a comprehensive analysis of the Global Bio-based and Synthetic Dimethyl Ether (DME) Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Bio-based and Synthetic Dimethyl Ether (DME) Market dynamics, structure by analyzing the market segments and project the Global Bio-based and Synthetic Dimethyl Ether (DME) Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Bio-based and Synthetic Dimethyl Ether (DME) Market make the report investor’s guide.
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Global Bio-based and Synthetic Dimethyl Ether (DME) Market, By Raw Material
• Fossil Fuel Based
• Bio-based
Global Bio-based and Synthetic Dimethyl Ether (DME) Market, By Application
• LPG Blending
• Aerosol Propellants
• Transportation Fuel
• Industrial
Global Bio-based and Synthetic Dimethyl Ether (DME) Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in the Global Bio-based and Synthetic Dimethyl Ether (DME) Market
• Mitsubishi Corporation
• Royal Dutch Shell
• China Energy Ltd.
• Oberon Fuels
• Korea Gas Corporation
• Akzo Nobel NV
• Fuel DME Production
• Ferrostaal GmbH
• Grillo-Werke AG
• JOVO Group
• The Chemours Company
• Shenhua Ningxia Coal Industry Group Co.
• Industrial
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