In Asia-Pacific region, demand for dimethyl ester is majorly between the countries which are related to the LPG blending and those who are operating in the downstream segment. According to the study, ‘Asia Dimethyl Ester Industry Situation And Prospects Research Report’ some are the major companies which are currently working in the same domain across Asia include Akzo Nobel N.V., Royal Dutch Shell Plc, The Chemours Company, China Energy Limited, Mitsubishi Corporation, Ferrostal GmbH, GrilloWerke AG, Jiutai Energy Group, Oberon fuels, Zagros Petrochemical Company and others. The major key players are playing significant role in the increasing in the demand of the product even more. Whereas, Dimethyl ester industry is still in its nascent stage which is yet receiving funding from various organizations and investors, making it a highly attractive industry. In addition the usage of dimethyl ester as transportation decreases the consumption of diesel. Therefore in the coming years the demand for dimethyl ester is going to increase even more. Moreover, study report suggests that, 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.
Dimethyl esters are readily biodegradable solvent used in a wide variety of industrial and specialty applications. Dimethyl ester is also known as dibasic ester, DBE and DMEs. Dimethyl esters are clear, colorless, low odor liquids. Dimethyl esters are available in standard ratios, purified grades and custom blends. Dimethyl ester is a clean energy origin that can be forged from natural gas, coal and others. In addition, dimethyl ester is occursafter dehydrating methanol. However, the application of dimethyl ester is segmented into different regions of market such as aerosol propellant, LPG blending, Transportation fuels and others. With the applications, classifications are also segmented differently for dimethyl ester in the market such as coal, methanol and natural gas. Therefore, with this it is expected that the demand of dimethyl ester is growing significantly in the coming years.
With the more applications of dimethyl ester the market is split into LPG blending, transportation fuel and others. Increasing in demand for LPG in various countries will accommodate in surging the demand. Whereas, blending of dimethyl ester with LPG for household purpose will help in growing demand for the product. Therefore, the Asia-Pacific region is the most dominant market which led to maximum growth over the coming years. With the coming years, it is expected that the new entrants are coming in this industry with more capacity of production and with more effectiveness in work will led to more competition in the market with the increase in demand of the product. Rising competition has led investors and other major key players to performmore actively in the market. On the other hand, manufacturing of the product is also done accordingly for enhancing the more usage of the product. Therefore, the companies which are operating in this marketmake this industry a potential hotspot for many companies who can invest in this business as the investors are investing aggressively huge amount. In future, it is anticipated that this industry will grow positively in the upcoming years.
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Ankur Gupta, Head Marketing & Communications