The global Dimethyl Ether market is comprehensively studied in this report focusing on crucial growth drivers and restraints, trends and opportunities, market competition, and other aspects. The global Dimethyl Ether market was valued at a US$ 2,156 Mn in 2017 and is expected to reach US$ 2,419 million by the end of 2024, growing at a sluggish rate of 1.66% between 2017 and 2024.
Global Dimethyl Ether Market: Market Drivers
The rising shift toward the use of less hazardous materials with enhanced quality amid growing environmental concerns is anticipated to provide a tailwind to the global Dimethyl Ether market. Increasing consumer preference could be another factor augmenting the demand in the global Dimethyl Ether market. The impressive growth of the automobile industry, especially in emerging economies such as China, is prognosticated to reflect positively on the global Dimethyl Ether market. High implementation of government regulations against the use of chemicals with harmful emissions could also increase the demand in the global Dimethyl Ether market. Lucrative applications of Dimethyl Ether in refrigerants, chemical feedstock, and welding and brazing operations are predicted to bode well for the global market.
Dimethyl ether is a clean energy source. Since it generates no sulfur oxide or soot during combustion, its environmental impact is low. Owing to its non-toxicity and easy liquefaction properties, Dimethyl Ether 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 superior properties described above, if Dimethyl Ether becomes widely available in large volumes at a reasonable price, it could be used as a fuel in a broad range of industries. All of these factors are expected to augur well for the global Dimethyl Ether market.
Global Dimethyl Ether Market: Key Takeaways
There are more number of companies entering the Dimethyl Ether industry; however, the current demand for Dimethyl Ether products is relatively low. Therefore, there is a lack of demand but excess supply in the global Dimethyl Ether market.
This report studies the global Dimethyl Ether market size (value and volume) by players, regions, product types, and end-use industries. It has taken into consideration the history data from 2013 to 2017 and forecast data for the years 2019-2024.
Global Dimethyl Ether Market: Forecast by Region
With the overall downward Chinese economic trend observed in the past few years and the international economic situation becoming more complicated, there could be several uncertainties in the global Dimethyl Ether market. The Dimethyl Ether industry may also suffer from short supply as observed in the recent years. Although the sales of Dimethyl Ether as aerosol propellant or fuel substitute birthed some opportunities in the global market, its use as a blend stock for LPG fuel resulted in a low-gross margin and overcapacity situation, especially in the Chinese market.
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 key vendors included in this report. There are about 80 companies manufacturing Dimethyl Ether in China. Kaiyue is the largest Dimethyl Ether manufacturer in the world. The study group recommends new entrants which have the required amount of funds but no downstream support to not enter the Dimethyl Ether market.
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