Global Bio-Based & Synthetic Dimethyl Ether (DME) Market To Grow Rapidly With CAGR Of Over 9.1%

05-Jan-2021 | Zion Market Research

The global bio-based & synthetic dimethyl ether (DME) market was valued at USD 6.1 billion in 2019 and will observe a CAGR of over 9.1% from 2019 to 2025. Major players in the global market are China Energy Ltd, Akzo Nobel NV, Royal Dutch Shell PLC, Korea Gas Corporation, Shenhua Ningxia Coal Industry Group Co., Mitsubishi Corporation, Fuel DME Production Co. Ltd, Oberon Fuels, Inc., Guangdong JOVO Group Co. Ltd, and Grillo-Werke AG.

Global Bio-based and Synthetic Dimethyl Ether Market Size

Shifting Aim Towards Cleaner Energy Generation Sources Expected To Be The Primary Booster For The Growth Of The Global Bio-Based & Synthetic Dimethyl Ether (DME) Market

Shifting aim towards cleaner energy generation sources is expected to be the primary booster for the growth of the global bio-based & synthetic dimethyl ether (DME) market by the end of 2025. Regional regulatory bodies and government are motivating use of DME for domestic reasons to lower damaging emissions from the surrounding. Increasing product requirement in Asia Pacific for LPG blending is expected to power the global market size in the years to come. For example, India is predicted to add up for almost 1/4th of the elevation in global energy requirement by 2040. DME and Methanol are expected to have a major role to attain the energy requirement in the forecast period. As per Methanol Institute, China in 2015 created 3.8 million tons DME, which was capitalized the uppermost all over the world. DME requirement in China is boosted for its usage in LPG blending as it leads to low NOx and soot emissions in the surrounding that will assist enhance the general quality of the environment.

Strict rules against DME to make sure restricted employment due to its extremely flammable properties might impede the growth of the market in the years to come. It has gas under pressure that if heated might explode, leading to dangerous implications on humans comprising suffocation and drowsiness & dizziness. On the other hand, increasing requirement for sustainable and green source of energy creation will create ample growth avenues for the growth of the global bio-based & synthetic dimethyl ether (DME) market in the years to come.

Asia Pacific To Power The Growth Of The Global Market In The Years To Come

Asia Pacific got the biggest share of the global market that added up for over 85% of the overall business size in 2019. This is credited to the rising acceptance of cleaner source of energy creation by the local government. Earlier, India saw an elevation of 8.6% in its LPG requirement. In addition to this, the nation imported 9 million tons of LPG to meet its local requirements. These factors are on rise with the consistent plans by government to substitute firewood/kerosene with cleaner source of energy.

Browse the full “Bio-Based And Synthetic Dimethyl Ether Market By Type (Fossil Fuel Based, And Bio Based), By Application (LNG Blending, Aerosol Propellants, Transportation Fuel, Industrial, And Others), And By Region: Global Industry Perspective, Comprehensive Analysis And Forecast, 2020 - 2026.” Report at https://www.zionmarketresearch.com/report/bio-based-and-synthetic-dimethyl-ether-market

The global bio-based and synthetic dimethyl ether (DME) market is segmented as follows:

By Raw Material

  • Fossil Fuel Based
  • Bio-based

By Application

  • LPG Blending
  • Aerosol Propellants
  • Transportation Fuel
  • Industrial

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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