New report published by QY Research which offers insights on the global Dimethyl Ether market. The global Dimethyl Ether market is valued at USD 2,156 million in 2017 and is expected to reach USD 2,419 million by the end of 2024, growing at a growth rate of 1.66% between 2017 and 2024.
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Global Dimethyl Ether Market: Market Driver and Restraint
Dimethyl ether (DME) is a clean energy source and as it generates no sulfur oxide or soot during combustion, its environmental impact is low. Owing to its non-toxicity and easy liquefaction properties, DME is easy to handle and therefore can be used as a domestic-sector fuel (substitute for LPG), transportation fuel (diesel vehicles, fuel cell vehicles), power plant fuel (thermal plants, cogeneration plants, stationary fuel cells), and as a raw material for chemical products. Given the above-described superior properties, if DME were to become widely available in large volumes at a reasonable price, DME could be used as a fuel in a wide variety of fields.
Global Dimethyl Ether Market: Key Takeaways
This report studies the Dimethyl Ether market size (value and volume) by players, regions, product types and end industries, history data 2013-2017 and forecast data 2019-2024; This report also studies the global market competition landscape, market drivers and trends, opportunities
Global Dimethyl Ether Market: Forecast by Region
As Chinese overall economic downward trend in the past few years, and international economic situation is complicated, in the next few years there will be many uncertainties, and dimethyl ether industry in short supply on the market in the past few years. More and more companies enter into dimethyl ether industry, the current demand for dimethyl ether product is relatively low, so there is lack of demand and excess supply. There are about 80 companies manufacturing dimethyl ether in China, Kaiyue is the largest dimethyl ether manufacturer in the world.
Although sales of dimethyl ether as aerosol propellant or fuel substitute brought some opportunities, the market of dimethyl ether used for blend stock for LPG fuel is in a low-gross margin and overcapacity situation, especially for Chinese market. The study group recommends the new entrants just having money but without downstream support do not to enter into the dimethyl ether field.
Global Dimethyl Ether Market: Key Players
Kaiyue, Jiutai Group, Lanhua Sci-tech, Biocause Pharmaceutical, Shenhua Ningxia Coal, Yuhuang Chemical, Henan Kaixiang, Shell, Fuel DME Production, Akzo Nobel, Chemours, Grillo-Werke AG and Oberon Fuels, are the key vendors included in this report.
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