Dimethyl Ether Market to Surpass $14bn by 2025: Global Market Insights, Inc.
(bio-based and synthetic) dimethyl ether market for LPG blending application segment is likely to observe 7.6% growth to 2025.
SELBYVILLE, Del., February 5, 2019 (Newswire.com) - The bio-based & synthetic dimethyl ether (DME) market is expected to grow from USD 8.2 billion in 2018 to USD 14.4 billion by 2025, according to a 2019 Global Market Insights, Inc. report. Dimethyl ether is eco-friendly and cost-effective in nature and is considered as an effective alternative transportation fuel for diesel. The product possesses comparable properties with diesel and emits low soot which will help reduce harmful implications towards human health and environment by reducing pollutants.
With rising concerns to attain environmental sustainability, several players in the dimethyl ether market have launched DME fuel compatible vehicles to promote sustainable road transport development.
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Dimethyl ether also finds widespread applications as an aerosol propellant across several end-user industries including pharmaceuticals, cosmetics, paints & coatings, etc. It is extensively Used across various industries owing to low cost, low odor, high stability & purity, low toxicity, wide vapor pressure range, and environment-friendliness and flammability. In the cosmetic industry, it is used in hair spray, fragrances, and various other products. The benefits of dimethyl ether as an aerosol propellant such as purity & stability, low relative cost, low odor, wide vapor pressures range, low toxicity, flammability and environmentally friendly nature of the product has been playing a vital role in capturing an extended customer base primarily in North America.
Fossil fuel based DME led the bio-based & synthetic dimethyl ether market in 2018 and is forecast to exhibit high growth rate over the forecast timeframe. This is attributed to abundant availability of natural gas recoverable reserves which can be utilized to produce product for its widespread applications in LPG blending, aerosol propellants, transportation fuel and other industrial applications including refrigerants, blowing agents for insulation panels, fuel for welding & cutting, and the solvent extracting agent, etc. Easy availability of natural gas owing to technological advancements which are attributed to high R&D investment in the oil & gas industry will help attain promising gains by fossil fuel-based dimethyl ether market size by 2025.
Browse key industry insights spread across 225 pages with 226 market data tables & 18 figures & charts from the report, “Bio-based and Synthetic Dimethyl Ether (DME) Market Size By Raw Material (Fossil Fuel Based, Bio-Based), By Application (LPG Blending, Aerosol Propellants, Transportation Fuel, Industrial) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, Saudi Arabia, UAE), Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
Global dimethyl ether (DME) market size for LPG blending led the overall business in 2018 and is likely to observe promising growth of 7.6% over the forecast timespan. The prime factors responsible for increasing DME demand for LPG blending is the pressing need to reduce harmful emissions which has been increasing owing to rising population primarily in the Asia Pacific. LPG use for heating and cooking for domestic purposes has been a major cause of increasing harmful pollutants in the environment which can be condensed by LPG blending with DME which is added up to the volume concentration of 15-20% and is feasible to add value adding benefits to LPG use across domestic purpose.
The Asia Pacific, chiefly led by India and China, accounted for a major share in global dimethyl ether market in 2018. In addition, the region will experience a significant growth rate over the forecast timespan. High product demand in the Asia Pacific is attributed to its widespread applications in LPG blending which is gradually gaining momentum to attain environmental sustainability. Improving regulatory framework in favor of environment in the region is encouraging product applications in LPG blending to reduce soot, particulate matter, and other pollutants to improve the overall air quality in the longer run.
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Source: Global Market Insights, Inc.