PR-Inside.com: 2017-11-14 14:47:36
Transparency Market Research has published a new report titled â€œDimethyl Ether Market by Raw Material Types - Global & China Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020.â€ According to the report, the global DME market in China and across the globe was valued at US$ 4.46 Bn in 2013 and is likely to reach US$ 8.37 Bn in 2020, expanding at a CAGR of 9.4% between 2014 and 2020.
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Dimethyl ether, commonly known as DME, is a downstream derivative of methanol. It can be obtained from fossil fuel resources such as coal and natural gas as well as bio based feedstock such as agricultural waste, forest waste, municipal waste and black liquor. Favorable physical and chemical characteristics of DME make it a viable option for a number of applications; its application as blending chemical in LPG is the most important one. Owing to the similar properties of LPG and DME, accurate proportion blend of the two chemicals does not require significant change in existing equipment and logistical operations, which were earlier used for LPG alone.
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In terms of application, the DME market can be segmented into LPG blending, aerosol propellants, transportation fuel, industrial applications, and others. LPG blending is the largest application, followed by aerosol propellants. China accounts for the highest demand for LPG across the globe. However, application of DME as transportation fuel is likely to expand at the fastest pace during the forecast period. Low carbon emissions and clean burning are some of the positive traits of DME. These factors are expected to drive the market in the near future. High degree of research and development pertaining to use of DME as transportation fuel is anticipated to boost the DME market during the forecast period.
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Led by China, Asia Pacific accounted for the largest share of the global demand for DME in 2013. China accounted for the major share of Asia Pacific as well as the global DME market in the year. Asia Pacific was followed by Europe and North America in 2013. The market for DME is estimated to expand at the fastest rate in the Rest of the World region. However, China is projected to dominate the market in terms of volume in the near future.
The report provides an in-depth analysis of the DME market in terms of volume (kilo tons) and revenue (US$ Mn). It includes current demand analysis and forecast for each application and raw material segment at the global and regional level. Regions analyzed include North America, Europe, China, Rest of Asia Pacific and Rest of the World.
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