Dimethyl Ether Market report for 2017-2023 – companies, applications, products and more

A prominent factor facilitating the commercialization of Dimethyl Ether Market is the increasing proliferation of the product as an alternative transportation fuel.

With the growing concerns over energy security, environmental pollution, and future oil supplies, the global population is seeking for non-petroleum-based alternative fuels that would optimize the energy consumption.

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The eco-friendliness of dimethyl ethers can be majorly given the credit for the market’s remarkable expansion across automotive as well as domestic sectors. Regulatory norms initiated by the government pertaining to minimization of carbon emission has significantly complemented the business landscape in this domain.

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The overall growth of dimethyl ether market from transportation fuel is expected to witness maximum growth with 14% CAGR over 2016-2024. However, in comparison to diesel fuel, DME has a lower viscosity level which may act as a roadblock in the growth path of the market. Regionally, Europe dimethyl ether market is highly influenced from this application domain with expectations to grow over 10% CAGR over 2016-2024. Growing investments by the automakers in low emission vehicles are favoring the business landscape. Ford Motors, for instance, is noticeably investing significant capital in the research activities pertaining to advanced internal combustion engines.

Aerosol propellants is another niche application domain contributing significantly toward the global dimethyl ether industry share. This application domain already held a billion-dollar business in 2015. Relatively low cost, low toxicity, high efficiency, and extensive boiling point and vapor pressure range are some of the characteristics of DME that allows the products’ widespread adoption in aerosol propellants.

Bio based and fossil fuels are the two major bifurcations of dimethyl ether market based on the raw materials used. Increasing demand for cleaner fuel both for domestic as well as industrial purposes is fueling bio-based dimethyl ether market demand.

Furthermore, increasing penetration of this product in aerosol propellant applications is leaving a proportional impact on the market dynamics. As per estimates, the biobased market is slated to grow substantially at an annual rate of 11% over the coming seven years. Volatile crude oil price trends along with easy availability of natural gas are the two major factors propelling the market growth. With a projected CAGR of 8% over2016-2024, fossil fuel based dimethyl ether market is expected to witness steady gains in the years ahead.

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