Dimethyl Ether is a clean energy origin that can be forged from natural gas, coal and biomass. Ultimately dimethyl ether is produced by dehydrating methanol in the presence of a fixeda bed catalyst. Dimethyl ether is therefore used extensively within the oil and gas sector for enhancing the recovery of oil as well as for drilling and fracturing fluids. Moreover, dimethyl ether is a reasonable fuel type, which is used to deliver energy to distant areas without large capital investment. The growing shortage of oil and other fuels across the globe is leading to a high demand for dimethyl ether for the production of economical fuel. Not only has this, Dimethyl ether has the potential to replace diesel and can also be used for the power generation due to its clean burning properties. With the wide usage of dimethyl ether the demand will grow significantly in the coming years. Moreover the applications of dimethyl are segmented into different regions of market such as aerosol spray agent, transportation fuels, welding and brazing and others.
In recent times, the market of dimethyl ether is growing rapidly with wide usage and due to its numerous applications. The major key players are playing very significant role in the increasing the demand of the product even more. According to the study, ‘Asia Dimethyl Ether (Dme) Industry Situation And Prospects Research Report’ some of the major companies which are currently functioning in this industry includes Akzo Noble N.V., Royal Dutch Shell PLC, China Energy Limited, Ferrostaal GmbH, TOTAL S.A., Toyo Engineeing Corporation, Praxair, Inc., Grillo-Werke AG, Oberon Fuels, Guangdong JOVO Group Co., Ltd. and others. Not only has this, report also consist more information regarding the key players, major consumers, competitive strength of the players and others. It is also expected that in the coming years new entrants are also coming with more capacity of production and new investment strategies and policies related to the product. Therefore with the current scenario it is expected that the market of dimethyl ether is growing rapidly in the coming years even more then present.
Dimethyl ether is the colorless organic compound. Significant industry growth is expected to lead the major changes in the automobile market. Constantly, increasing automobile industry in China will steer the dimethyl ether demand over the recent coming years. Also, easy attainability of coal resources in China will provide benefits to the regional market. The extensive usage of dimethyl ether in the Asia-Pacific region such as China will led the market across the globe. Moreover, Asia-Pacific region manages the supreme position in the global market. Geographically, China, Japan, India, Korea, Saudi Arabia and others are the major players in the Asia-Pacific region.
With the more applications of dimethyl ether the market is split into LPG blending, power generation, aerosol and others the Asia-Pacific region is the most dominant market which led to maximum growth over the coming years. In addition, the long term growth of dimethyl ether is estimated to be driven by its application as a fuel for power generation and the diesel substitute. Furthermore, on the commercial scale the demand of dimethyl ether will also expand the market share and the consumption increase in diesel will impact the dimethyl market as the transport fuel. Moreover, the property of clean combustion of dimethyl ether, the market is likely to experience high growth over the coming years. Increasing in demand for LPG in various countries will accommodate in rising the demand. Whereas blending of dimethyl ether with LPG for the household purpose will help in growing demand in the near future.
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Ankur Gupta, Head Marketing & Communications