Dimethyl Ether is a colorless volatile poisonous compound in liquid form used as a solvent, fuel, aerosol, propellant and refrigerant. It is a colorless gas with a faint ethereal odor. It can be produced form natural gas and from a variety of feedstock, including biogas and from organic waste produced in cities or by agricultural operations. It can be stored in liquid form under moderate pressure.
Increasing use of dimethyl ether in liquefied petroleum gas (LPG) blending application is a major factor driving growth of the global dimethyl ether market. In addition, various end user application of dimethyl ether such as aerosol propellants, chemical feedstock, power plant fuel, etc. and rising demand from automobile sector for alternative renewable fuel due to increasing transportation activities in developed and developing countries are major factors driving growth of the global dimethyl ether market.
However, high cost of production is a major factor restraining growth of the global dimethyl ether market. In addition, cost incurred in changing existing infrastructure is another factor expected to limit growth of the global dimethyl ether market.
Manufacturer can penetrate in untapped market through strategic collaboration with domestic market player which is expected to creates an opportunity for players operating in the global dimethyl ether market over the forecast period.
The global dimethyl ether market is segmented on the basis of raw material, application, and region. On the basis of region, the global dimethyl ether market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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Europe market accounts for the second-largest revenue share in the global dimethyl ether market followed by markets in Asia Pacific, Latin America and Middle East & Africa respectively. North America market is expected to dominate in the global dimethyl ether market with higher market share when compared to other regional markets, and is expected to continue its dominance during the forecast period. This is attributed to well-developed end user application segment such as aerosol propellants, LPG blending, power plant, etc., and presence of leading dimethyl ether manufacturers in countries in this region. The market in Asia Pacific is projected to have fastest growth in terms of revenue, owing to increasing adoption from automobile sector due increasing transportation activities and government initiatives to promote use of dimethyl ether in emerging economies in countries in this region.
Key players operating in the global dimethyl ether market are Toyo Engineering Corporation, Akzo Nobel N.V., Guangdong JOVO Group Co., Ltd., Royal Dutch Shell plc, Ferrostaal GmbH, China Energy Limited, TOTAL S.A., Oberon Fuels Inc., Grillo-Werke AG., and Praxair, Inc.