Dimethyl Ether Market Trends, Regional Demand and Forecasts up to 2024 | Top Key Players are AkzoNobel, Shell, Mitsubishi Corporation, Oberon Fuels

Dimethyl Ether Market demand is particularly intensifying in end use industries across Asia Pacific due to elevating ecological concerns and rapid establishment of regulations pertaining to the same. Escalating demand from the power generation sector and strict regulations imposed on fossil fuel extraction is slated to further trigger dimethyl ether market demand. The product is used as an intermediate in the preparation of basic organic chemicals, as a solvent extracting agent, blowing agent for insulation panels, and catalyst in the polymerization process. Strengthening demand for power in emerging economies such as China and India is also a chief factor propelling dimethyl ether market trends.

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Dimethyl Ether Market is witnessing a slew of revenue opportunities from a myriad range of verticals including pharmaceutical, paints & coatings, and cosmetics. Achievement of environmental sustainability has become the universal objective of almost all industries. Amid this backdrop, dimethyl ether market share is soaring high on account of the environmental credentials associated with the product.

Global dimethyl ether market share is majorly driven by surging awareness regarding the use of cleaner energy sources and the pressing need to curb harmful emissions on a global scale. In terms of revenue, global bio-based and synthetic DME market size is touted to cross USD 14 Bn by 2025. Dimethyl ethyl when blended with conventional LPG can provide ecological as well as economic benefits driving the deployment of the product as a domestic fuel. In addition, ongoing efforts by the regulatory bodies towards encouraging the use of greener sources of energy will also favor bio-based and synthetic dimethyl ether market outlook.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. China Energy Engineering Group Co. Ltd.
2. AkzoNobel
3. Korea Gas Corporation
4. Shell
5. Mitsubishi Corporation
6. Oberon Fuels
7. Grillo-Werke AG
8. Guangdong JOVO Group Co., Ltd.

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North America is a prominent dimethyl ether market and is slated to amass promising gains in the coming years. Continuous demand from LPG blending and aerosol propellant sectors is a major factor driving the industry growth. As per the estimates of the Consumer Specialty Products Association (CSPA), North America produced aerosol products over 4.2 Bn units in 2015. Furthermore, the World LPG Association (WLPGA) ranked the US as the foremost producer as well as consumer of LPG in 2015.

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 industry. 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 dimethyl ether market.

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