(MENAFN- GetNews) Dimethyl Ether Market Report Describes the Market Size, Share and Forecast Analysis based on the current trends and Statistics Dimethyl Ether Market Overview:
Growing consumer preferences, coupled with growing environmental concerns for a safer and better quality, should stimulate the global dimethyl ether (DME) market. Dimethyl ether is the colorless organic compound.
The Dimethyl Ether Market is estimated to grow at an advanced CAGR percent during the forecast period from 2017 to 2023.
It is expected that the continuous growth of its industry will result in the main changes in the automotive market. The market will generally experience changes when replacing gasoline, diesel, LPG and kerosene with dimethyl ether during the forecast period. In addition, the property of the clear combustion of the compound is the main factor that can stimulate the market.
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Dimethyl Ether Market Drivers and restraints:
The sustained growth of China's auto industry will stimulate demand for dimethyl ether during the forecast period. In addition, the easy availability of coal reserves in China will bring benefits to the market. Certain environmental regulations established by the government in the region will have a positive impact on the development of the DME. These regulations are mainly aimed at combating harmful emissions that are estimated to drive the entire market. The supply and demand scenario in certain regions affects the overall prices. The replacement of diesel, which is applicable as an aerosol propellant, energy production and LPG per blend, is the main use of the DME. The main use of the compound is also found in areas that do not have access to LPG. In order to promote it, key producers are taking initiatives that will increase the demand for dimethyl ether during the forecast period. AB Volvo has recently developed a fuel engine. These engines are made in alliance with the European Union. It also requires large investments and became the main concern of the global market. However, the low performance of the long-term use of EMR is likely to slow market growth.
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Dimethyl Ether Market Geographical segmentation:
The Asia-Pacific region is the largest EMR market in the world. Jiutai Energy Group (China) and China Energy Limited (Singapore) are the main market players in the Asia-Pacific region. The DME is mainly used for the mixture of LPG followed by the aerosol propellant. In the Asia-Pacific region, capacity has steadily increased and will continue to grow as new facilities for domestic fuel supply are established. Asia Pacific is a developing region. In addition, being the most populated region in the world, the demand for fuel substitutes is the strongest in this region. These factors determine the demand for fuel substitutes such as the DME. The main countries that have provided most of the shares in this market are China, Japan, South Korea and Indonesia.
Key Companies Listed in Dimethyl Ether Market Report are:
Major DME manufacturers include Akzo Nobel N.V. (Netherlands), Royal Dutch Shell Plc. (Netherlands), The Chemours Company (United States), China Energy Limited (Singapore), Mitsubishi Corporation (Japan), Ferrostal GmbH (Germany), Grillo Werke AG (Germany), Jiutai Energy Group (China), Oberon Fuels (United States) United) and Zagros Petrochemical Company (Iran).
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