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

According to the report, global demand for bio-based and synthetic dimethyl ether market was valued at approximately USD 6,110.5 Million in 2019, and is expected to generate revenue of around USD 10,956.9 Million by end of 2026, growing at a CAGR of around 8.7% between 2020 and 2026.

16-Sep-2020 | Number of pages: 110 | Report Code: ZMR-4091 | Report Format : | Status : Published

Abstract

According to the report, global demand for bio-based and synthetic dimethyl ether market was valued at approximately USD 6,110.5 Million in 2019, and is expected to generate revenue of around USD 10,956.9 Million by end of 2026, growing at a CAGR of around 8.7% between 2020 and 2026.

Global Bio-based and Synthetic Dimethyl Ether (DME) Market: Overview

Dimethyl ether is an environment friendly as well as cost-effective compound with beneficial features such as aerosol propellance and colorlessness. Product is in gas state at normal temperature and is converted to liquid form with rise in cooling activities. The product in liquid form can be easily stored and transported. These bio-based products are manufactured by using biomass, wastes, and farm items.

Global Bio-based and Synthetic Dimethyl Ether (DME) Market: Growth Factors

The bio-based and synthetic dimethyl ether (DME) market has been expanding steadfastly over the years, owing to its slew of usage in LPG blending and myriad industrial procedures. The compound being cost-effective and eco-friendly, it is massively utilized in cooking and heating industries. Additionally, the burgeoning demand for renewable power is likely to give impetus to the bio-based and synthetic dimethyl ether (DME) market expansion.

The product is applied in the form of raw material in specially devised ignition diesel instrument, subject to its ability to provide a good start in compressors. Rise in the vehicle sales, massive preference for sustainable fuel and mammoth funding of research events from giant firms for making DME compatible equipment is touted to proliferate business sphere in the upcoming years.  

Global Bio-based and Synthetic Dimethyl Ether (DME) Market: Segmentation

The bio-based and synthetic dimethyl ether (DME) market can be classified into raw material and application. Raw material wise, the market can be divided into fossil fuels and bio-based raw materials. Application wise, the bio-based and synthetic dimethyl ether (DME) market is sectored into LPG blending, transportation fuel, aerosol propellants, and industrial sectors.

Global Bio-based and Synthetic Dimethyl Ether (DME) Market: Regional Analysis

Based on region, the bio-based and synthetic dimethyl ether (DME) industry can be divided into five main regions: Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. Burgeoning demand for LPG integrated with bio-based and synthetic dimethyl ether for domestic purpose such as cooking in the Asia Pacific countries including Indonesia, Thailand, Bangladesh, and Sri Lanka will inflatebio-based and synthetic dimethyl ether (DME) market surge in Asia Pacific over the estimated timeline.

Moreover, favourable schemes introduced by the government authorities in India to replace kerosene in rural and remote regions with DME fuel will create brighter prospects for product across the region.

Furthermore, the compound/chemical has been widely adopted as a best substitute for igniting compressors in European countries and this will catalyse the dimethyl ether market evolution in Europe over forecast timeline. North American market is predicted to witness a colossal growth, subject to elevating product popularity. Latin American nations are likely to strengthen the overall market with the increase in the product demand in the next decade.

Global Bio-based and Synthetic Dimethyl Ether (DME) Market: Competitive Players

Few of the giant players in bio-based and synthetic dimethyl ether (DME) market are Mitsubishi Corporation, Royal Dutch Shell, China Energy Ltd., Oberon Fuels, and Korea Gas Corporation.

Global Bio-based and Synthetic Dimethyl Ether (DME) Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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