The ‘Global Dimethyl Ether Market Price, Report and Forecast 2022-2027’ by Expert Market Research gives an extensive outlook of the global dimethyl ether market, assessing the market based on its segments like raw material, application, and major regions.
Dimethyl Ether Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/dimethyl-ether-market/requestsample
The key highlights of the report include:
Market Overview (2017-2027)
• Forecast CAGR (2022-2027): 9.8%
|Growth Rate CAGR||9.8%|
|Major Players||Topsoe A/S, Mitsubishi Corporation, Royal Dutch Shell Plc, Grillo-Werke AG, Korea Gas Corporation, Nouryon and others.|
The global dimethyl ether market is expected to witness a significant growth in the coming years owing to rising consumer preference and demand for environment friendly chemicals in the market. Dimethyl ether (DME) emits less pollution in the environment than other chemicals, which increases its adoption in various end-user industries, is expected to cushion the growth of the dimethyl ether market during the forecast period.
Dimethyl ether can also be combined which LPG and can be used for cooking and heating giving it access to yet another market. Factors such as increasing demand from the LPG blending application are driving the market growth rate. Dimethyl ether has a vast area of applications, consisting of agents, refrigerant, solvents, all-purpose fuel, propellant use for aerosol products (for example, deodorants, perfumes etc.), welding cutting and brazing fuel, (co-)blowing agent for foam, chemical reaction medium, and many more. The wide range of applications is anticipated to drive the global dimethyl ether market in the coming years.
Dimethyl Ether Industry Definition and Major Segments
Dimethyl ether has many fuel uses such as aerosol, chemical feedback and refrigerant. Dimethyl ether can be made from methanol, wood gas and syngas which makes it suitable as a replacement of LPG gas whose shortage could be considered as hazardous.
By the raw material, the market is categorized in:
• Natural Gas
On the basis of the applications, the market is classified into:
• LPG Blending
• Aerosol Propellant
• Chemical Feedstock
By the regions, the market is segregated into:
• Asia Pacific
• North America
• Latin America
• Middle East and Africa
Dimethyl Ether Market Trends
Globally, there is a growing stress on decarbonizing transportation. As, the Vehicle Technologies Office (VTO) of the United States Department of Energy (DOE) allowed more than $4 million in 2021 to provide fund for the testing of new applications of the uses of dimethyl ether as a low-carbon replacement for fossil fuels. Oberon Fuels aided. Such initiatives are anticipated to boost the global dimethyl ether market.
SHV Energy and KEW Technology formed a joint venture (Circular Fuels Ltd.) in 2021 to develop renewable dimethyl ether manufacturing plants. The strategic alliance focused on demonstrating the viability of converting renewable and recycled carbon feedstock to renewable liquid gas. Such developments are supposed to thrust the global dimethyl ether market.
Key Market Players
The major players in the global dimethyl ether market report are:
- Topsoe A/S
- Mitsubishi Corporation
- Royal Dutch Shell Plc
- Grillo-Werke AG
- Korea Gas Corporation
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skillful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
Company Name: Claight Corporation
Contact Person: Sophia Grace, Corporate Sales Specialist – U.S.A.
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA