Transparency Market Research has published a new report titled “Dimethyl Ether Market (Raw Material: Coal, Methanol, Natural Gas, Others; Application: Aerosol Propellants, LPG Blending, Transportation Fuel, Power Plant Fuel, Chemical Feedstock and Others) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2025.” According to the report, the global dimethyl ether market was valued at US$ 4,371.1 Mn in 2016 and is likely to reach US$ 9,868.1 Mn by 2025, expanding at a CAGR of 9.6% between 2017 and 2025.
In terms of revenue, the global market for dimethyl ether was valued at US$ 4,371.1 Mn in 2016 and is likely to reach US$ 9,868.1 Mn by 2025, expanding at a CAGR of 9.6% between 2017 and 2025. Coal, methanol, natural and others are the different type of raw materials used for manufacturing of dimethyl ether across the globe. Dimethyl ether is the simplest form of ether available in the market. It is a colorless gas at room temperature and is used as a useful precursor to other organic compounds.
Asia Pacific dominated the global dimethyl ether market in 2016, China being a prominent consumer of dimethyl ether in the world. The region accounted for more than 90% in 2016, in terms of volume and is projected to rise at a steady rate during the forecast period. Key countries and sub-region in Asia Pacific include China, India, ASEAN, Australia, New Zealand, and Japan. The dimethyl ether market in China remains highly attractive due to the rising population and increasing demand for DME in LPG blending application. LPG blending is a key application segment of the dimethyl ether market in Asia Pacific. The Government of China has promoted the usage of DME in LPG for domestic purposes, as using DME as a blending agent has reduced the dependency on conventional fuels such as LPG, CNG, etc. India currently occupies a small share, however, with large coal deposits, bio mass, etc., the market in the country is anticipated to expand at a considerable CAGR between 2017 and 2025. DME is a major and emerging alternative fuel, which can directly substitute commercial fuels such as diesel, LPG, and gasoline. The global dimethyl ether market is anticipated to expand due to its clean burning properties, numerous raw material sources such as crude oil, natural gas, coal, biomass, and other bio based feedstock.
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North America is among the rapidly growing regions, followed by Latin America and Europe. Rise in demand for DME in water transportation fuel application is expected to be a key driver of the market in the region. Growth in population has led to an increase in demand for LPG in Asia Pacific. This is expected to drive the demand for DME, thereby opening new avenues for the market during the forecast period. Aerosol propellants and transportation fuel applications account for major share in terms of demand for DME in Europe and North America. Latin America and Middle East & Africa constituted low share of the DME market in 2016