Dimethyl Ether Market by Raw Materials, Applications and Region - Global Trends & forecasts to 2020: Inadequate Capacity of DME in Various Potential Countries
DUBLIN, Sept. 16, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/b9ww78/dimethyl_ether) has announced the addition of the "Dimethyl Ether Market by Raw Materials (Coal, Methanol, Natural gas and Bio-based feedstock), by Applications (Aerosol Propellant, LPG Blending, Transportation fuel and Others), and by Region - Trends & forecasts to 2020" report to their offering.
The global dimethyl ether market size in terms of volume is estimated to be 3,740.46 KT in 2014, registering a CAGR of 15.67% in between 2015 and 2020.
The DME market has witnessed a significant growth in the recent years, and this growth is projected to persist in the coming years. DME is a non-poisonous gas, which is majorly used as a solvent in the petrochemical industry and is liquefiable at a pressure of around 6 bars for storage purposes. The raw materials used for manufacturing DME are coal, natural gas, bio-based feed-stock and methanol. DME consists of no sulfur content which gives it an advantage of clean burning property.
Currently, Asia-Pacific is the largest market of DME, accounting for nearly 95.66% of the total market size in terms of value in 2014. Among all the countries, China dominates the DME market, which registered the maximum market share in 2014 followed by Japan and Germany. DME produced from the coal accounted for the largest market share among other raw materials such as methanol, natural gas, and bio-based feedstock in 2014. The European market by volume is comparatively mature, and is projected to witness the lowest CAGR of 14.14% between 2015 and 2020.
On the basis of applications, the DME market is further categorized into LPG blending, aerosol propellant, transportation fuel, and others. LPG blending was the major application followed by aerosol propellant in the year 2014. DME used as transportation fuel witnessed the highest CAGR of 36.38% between 2015 and 2020.
Presently, the market for DME is driven mostly due to increasing reliance on LPG imports in many countries. The market for DME is also driven due to its multiple sources of production and wide variety of applications. In Asia-Pacific, DME is majorly manufactured from coal due to its availability. This also drives the market and hence China becomes the biggest market for DME.
The global DME market is observing a huge number of opportunities from which future growth is expected. Various opportunities are created by the transportation and power segment in order to minimize the environmental pollution. Due to inadequate capacity of DME production in various countries and its increasing demand has created a huge potential in the market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 DME Market, By Raw Materials
8 DME Market, By Applications
9 DME Market, By Region
10 Competitive Landscape
11 Company Profiles
- Akzo Nobel N.V.
- China Energy Limited
- Ferrostaal GmbH
- Grillo Werke AG
- Jiutai Group
- Mitsubishi Corporation
- Oberon Fuels
- Royal Dutch Shell PLC
- The Chemours Company
- Zagros Petrochemical Company
For more information visit http://www.researchandmarkets.com/research/b9ww78/dimethyl_ether
Media Contact: Laura Wood , +353-1-481-1716, email@example.com
Source: PR Newswire
(September 16, 2015 - 6:10 AM EDT)
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