Dimethyl Ether (DME) is a clean energy source that can be fabricated from natural gas, coal and biomass. DME creates definitely no SOx or ash when burned. It is gaseous at normal temperature and pressure, but changes to a liquid when subjected to moderate pressure or cooling. This easy liquefaction makes DME easy to transport and store. Utilization of DME is progressing in the fields of power generation, automotive motors, and domestic household use among other conceivable applications owing to its magnificent physical, chemical, and storage properties.
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The DME production as a fuel has targeted the use of DME as an LPG alternative, a transportation fuel for diesel engines, and fuel for gas turbines which is expected to drive the demand of Dimethyl Ether. Higher growth of end use industries such as oil & gas, which consume major share of overall Dimethyl Ether as a solvent, is expected to fuel the demand of Dimethyl Ether during the forecast period. Global Paints & Coatings Market is estimated to grow at higher CAGR during the forecast period of 2017 to 2023. DME is used as an aerosol propellant which is used to help spray the vapor state paints or coatings from a pressurized container. This is anticipated to fuel the demand of Dimethyl Ether for manufacturing paints & coatings. The major factors favoring the growth of the Global Dimethyl Ether Market is growing demand of dimethyl ether in a wide range of application such as manufacturing paints and coatings, household fuel and transportation fuel among others. As the world is shifting towards clean and renewable energy, there are numerous investments on projects to utilize and cost optimize DME as an alternative fuel to LPG. DME is costlier than LPG, so it is blended with LPG as a fuel to save cost. DME possess no negative effect on environment.
The Dimethyl Ether Market globally is segmented on the criteria of region, raw materials, and application. The raw materials category in the market comprises of coal, biomass, natural gas, and others. The application segment of the market for dimethyl ether consists of liquefied natural gas (LPG) blending, aerosol propellant, transportation fuel and others. The geographical segmentation of the market consists of regions such as Asia Pacific, North America, Europe, Latin America and Middle East & Africa.
Detailed Regional Analysis
The market for dimethyl ether on a global stage covers regions such as Middle East & Africa, Asia Pacific, Europe, North America and Latin America. The Asia Pacific is a promptly establishing itself as a rising market among the other regions because of growth in the demand for paints & coatings and household fuel products in the region. The nations of India and China are the core markets in this region because of the existence of key end use industries. The European region holds a comparatively smaller portion in the Dimethyl Ether Market Globally. Nations such as Germany, U.K, and Italy are the leading suppliers to the regional market due to the mounting demand by end use industries such as the automotive industry, in which the manufactured goods are primarily used in the form of paints and lacquer. Furthermore, the incidence of many important players may considerably help in enabling the development of the regional market ahead. The North American region closely trails behind Europe, in terms of the market size; U.S. is the biggest market in this region, which is attributed to the growing level of reconstruction undertakings along with those in the chemicals industry. The Middle East and African regions are expected to grow with a great CAGR during the forecast period because of the huge investment potential and opportunities for progress in the end use industries such as transportation fuel and construction.
Key Points from Table of Contents:
10. Company Profiles
10.1 Aestar Co. Ltd.
10.1.1 Company Overview
10.1.2 Product/Business Segment Overview
10.1.3 Financial Updates
10.1.4 Key Developments
10.2 Akzo Nobel N.V.
10.2.1 Company Overview
10.2.2 Product/Business Segment Overview
10.2.3 Financial Updates
10.2.4 Key Developments
10.3 Arrtu Group
10.3.1 Company Overview
10.3.2 Product/Business Segment Overview
10.3.3 Financial Updates
10.3.4 Key Developments
10.4 China Energy Ltd
10.4.1 Company Overview
10.4.2 Product/Business Segment Overview
10.4.3 Financial Updates
10.4.4 Key Developments
10.5 DME Aerosol
10.5.1 Company Overview
10.5.2 Product/Business Segment Overview
10.5.3 Financial Updates
10.5.4 Key Developments
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