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Dimethyl Ether Market Regional Trend & Analysis | Global Industry Report, 2019-2025

Author : Rahul Varpe | Published Date : 2019-08-05 

Bio-based DME held a prominent share in global dimethyl ether market in 2018 and shall increase with a healthy CAGR over the forecast period. Increasing environmental awareness has led to stringent regulation on the fossil fuel extraction across the globe. This increased regulations on the fossil fuel extraction will propel the bio-based dimethyl ether demand in near future.

Dimethyl ether market for industrial applications although small but is likely to attain promising gains in near future. It is anticipated to grow with a significant CAGR over the projected timespan owing to extensive applications as an intermediate in preparing basic organic chemicals, catalyst in the polymerization process, etc. which suggests higher growth potential for the industrial segment. Other product applications include refrigerants, blowing agents for insulation panels, fuel for welding & cutting and the solvent extracting agent, etc. Moreover, robust demand for power in emerging economies such as India and China will boost the product demand as it is extensively used in power generation, which is expected to generate potential growth avenues for the industry in the coming years.

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In the cosmetic industry, DME as an aerosol propellant finds usage in fragrances, hair sprays, and other similar products. Using dimethyl ether as an aerosol propellant has significant benefits – it provides purity & stability, costs relatively low, has low odor, low toxicity, reduced flammability, and has a wide vapor pressures range. Driven by the fact that it is environmentally friendly, bio-based and synthetic DME industry share from aerosol propellants is anticipated to increase considerably in the years ahead.

Of the two basic raw materials used, fossil fuels dominated the bio-based and synthetic dimethyl ether market in 2018, on account of the massive natural gas recoverable reserves availability that can be utilized to manufacture products for a plethora of applications in aerosol propellants, LPG blending, and transportation fuels. Fossil-fuel based DME also finds deployment in numerous industrial applications such as solvent extracting agents, blowing agents for insulation panels, refrigerants, fuel for welding & cutting, etc.

Speaking on the regional spectrum, it is rather overt that Asia Pacific market led by China and India holds a prominent position in the global bio-based and synthetic dimethyl ether market. The growing population of China and the extensive product usage for domestic purposes are the two major grounds influencing the regional market growth prospects.  In addition to this, the expanding production base with extensive capacities is also allowing  Japan to stand as a strong contender in the APAC bio-based and synthetic dimethyl ether market.

Product demand in North America will grow with a healthy CAGR over the forecast period. Aerosol propellant industry and LPG blending will fuel the product demand in the region over the forecast period. As per the Consumer Specialty Products Association (CSPA), aerosol product production in North America was over 4.2 billion units in 2015 and projected to grow with a steady growth rate during the forecast period.

Bio-based and synthetic dimethyl ether is a fuel with minimum lubrication property. Due to this, traditional injection systems and fuel delivery cannot be used in conjunction with it. Though this compatibility issue is acting as a major hindrance to growth trajectory of the market, however, oscillating crude oil price trends which is pushing the consumers to opt for a substitute, is providing lucrative business opportunities for bio-based and synthetic dimethyl ether market. Some of the prominent industry players include Akzo Nobel NV., China Energy Ltd, Korea Gas Corporation, Mitsubishi Corporation, and Royal Dutch Shell PLC.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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