(DME) Dimethyl Ether Market Overview:
The clean, colourless characteristics of dimethyl ether have rendered it capable of application in range of sector. Market intensive reports associated with the chemicals and materials industry among others recently have been made accessible by Market Research Future which issues reports on this industry. The market is projected to develop at a progressive CAGR per cent during the forecast period.
The usage of dimethyl ether as a replacement for propane in liquid petroleum gas is one of the most commonly observed use which is responsible for a major chunk of demand that the market experiences. As the gas can be easily liquefied and transported, the demands of the consumers easily can be met easily by the manufacturers. As DME can be produced from an assortment of sources that are available abundantly such as coal, natural gas, forest products, etc. the supply and demand ratios are balanced considerably, opening new avenues for the progress of the market. Aerosol propellant applications are likely to initiate a phase of fruitful gains in the market in the duration of the forecast period. Improved emphasis on clean and renewable energy sources have ensured that there are many investments opportunities on projects cost optimize and to utilize DME as an alternative fuel to LPG.
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(DME) Dimethyl Ether Latest Industry News:
Indonesia and China have recently signed five contracts under the Silk Road Economic Belt and 21st Century Maritime Silk Road initiatives. The cooperation contracts include the development of facilities which convert coal into dimethyl ether. The project is worth a USD700 million piece of the total contract’s worth of USD 23.3 Billion.
Methanex has been making progress toward its $1 Billion expansion of its Geismar plant which is slated for design and engineering planning by 2019. The company moved two methanol plants from Chile to Geismar in 2014, by 2019 they hope to begin building a third unit. Methanol is an alternative fuel which a crucial component of Dimethyl Ether.
(DME) Dimethyl Ether Market Key Players:
The eminent players in market are Mitsubishi Corporation (Japan), Akzo Nobel N.V. (the Netherlands), China Energy Limited (China), Oberon Fuels (U.S.), Ferrostaal GmbH (Germany), Zagros Petrochemical Company (Iran) The Chemours Company (U.S.) and Royal Dutch Shell plc (the Netherlands) to name a few.
(DME) Dimethyl Ether Market Regional Analysis:
Dimethyl Ether Market is divided into five key regions including, Asia Pacific, Europe, North America, the Middle East & Africa, and Latin America. Asia Pacific is the fastest growing market among them due to growing paints & coatings and household fuel in the region. India and China are the major markets in this region on account of the presence of major end use industries. Europe is holding a comparatively smaller share in the Global Dimethyl Ether Market.
Countries namely, Germany, U.K, and Italy are the key contributors to the regional market in this region owing to the growing demand of Dimethyl Ether by end use industries such as automotive, wherein the product is majorly used in the form of paints and lacquer. Apart from this, there is a significant presence of key players which may help push growth of the regional market forward. North America is closely following Europe, in terms of market size, in the Global Dimethyl Ether Market. U.S. is the largest market in this region, which is attributed to the growing reconstruction activities along with the chemicals industry.
(DME) Dimethyl Ether Market Table Of Contents to be Continue…...,
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