Dimethyl Ether Market Worth 9.7 Million USD by 2020

News provided by

Aug 27, 2015, 07:30 ET

PUNE, India, August 27, 2015 /PRNewswire/ --

The report "Dimethyl Ether Market by Raw Materials (Coal, Methanol, Natural gas and Bio-based feedstock), by Applications (Aerosol Propellant, LPG Blending, Transportation fuel and others), and by Region - Trends & forecasts to 2020" published by MarketsandMarkets, Dimethyl Ether Market is projected to reach USD 9.7 Million in terms of value by 2020, signifying firm annualized growth of 19.65% between 2015 and 2020.

Browse 95 Tables and 57 Figures spread through 153 Pages and in-depth TOC on "Dimethyl Ether Market"

http://www.marketsandmarkets.com/Market-Reports/dimethyl-ether-market-1120.html
Early buyers will receive 10% customization on this report.

The market report defines and segments the DME market with analysis and forecasting of the market size

Download Free Sample Pages: http://www.marketsandmarkets.com/pdfdownload.asp?id=1120

Asia Pacific: The largest market of dimethyl ether

The Asia-Pacific region is the largest market for DME in the world. Jiutai Energy Group (China), China Energy Limited (Singapore) are the leading players in the Asia-Pacific market. DME is majorly used for LPG blending purpose followed by aerosol propellant. In Asia-Pacific region the capacity has gradually increased and it will grow continuously with new plant establishment for the domestic fuel supply. Asia-Pacific is a developing region. Also, being the most populated region globally, the demand for fuel substitutes is the highest in this region. . These factors drive the demand for fuel substitutes such as DME. Major countries which contributed the maximum shares in this market are China, Japan, South Korea, and Indonesia.

"DME produced from Coal: the biggest and bio-based feedstock the fastest growing markets among various raw materials used for the manufacturing of DME "

Most of the DME produced these days is an output of a twostep process in which the first one is methanol generation by using coal or natural gas as a feedstock and the second is methanol dehydration to produce DME. Coal is employed as a feedstock in Asian countries while countries such as Papua New Guinea and Saudi Arabia focus on natural gas reforming to produce methanol and then convert it to DME. Major DME manufacturers include Akzo Nobel N.V. (The Netherlands), Royal Dutch Shell Plc. (The Netherlands), The Chemours Company (U.S.), China Energy Limited (Singapore), Mitsubishi Corporation (Japan), Ferrostal GmbH (Germany), Grillo Werke AG (Germany), Jiutai Energy Group (China), Oberon fuels (U.S.), and Zagros Petrochemical Company (Iran).

Among the various applications of DME, LPG blending represents the largest market for DME. LPG scarcity is a great concern in the countries that have less gas reserves, as they have a very limited choice of replacing LPG with natural gas. DME has emerged as a trustworthy source for such countries to minimize their LPG imports by blending a pre-described amount of DME in LPG without any change in current infrastructure. DME is also implemented as an aerosol propellant under liquefied gases propellant category. The various other applications of DME include its use in the form of chemical feedstock, solvent, refrigerant, and for welding & brazing operations.

DME has the potential to replace diesel in conventional engines with slight modification in fuel injection systems. The potential market for DME as a transport fuel is large as diesel consumption is increasing at a high pace, majorly driven by transportation sector. The global dimethyl ether market is projected to witness high growth in the next five years due to its clean combustion property. The market is also growing due to the increasing demand of LPG in various countries. Countries emphasize to minimize the LPG import by blending 20% DME with LPG for household activities.

Browse Related Reports:

Syngas & Derivatives Market by End Use (Chemicals, Power Generation, Liquid Fuels, Gaseous Fuels), by Feedstock (Coal, Petroleum, Natural Gas & Biomass/Waste), by Production Technology, & by Gasifier - Global Forecasts to 2020
http://www.marketsandmarkets.com/Market-Reports/syngas-market-1178.html

Lubricant Additives Market by Function Type (Dispersants, VII, Detergents, Antiwear, Antioxidants, Corrosion inhibitors, Emulsifiers & Others) and Application (Automotive & Industrial Lubricants) - Global Trends & Forecast to 2019
http://www.marketsandmarkets.com/Market-Reports/lubricant-additives-market-172993846.html

About MarketsandMarkets

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Tel: +1-888-600-6441
Email: [email protected]
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets