Market Research Future Published a Research Study on Dimethyl Ether (DME) Market Research Report- Forecast to 2023
(DME) Dimethyl Ether Industry Updates:
Indian government inaugurated a new dimethyl ether plant to support government initiatives to supply cooking gas to the marginalized class. This would also reduce the import cost, which would secure better understanding of the market.
Mack Trucks are creating a renewed interest in Dimethyl Ether which is a diesel alternative which is clean burning. They are conducting with new field tests which are to be carried out in partnership with New York City’s sanitation department and Oberon Fuels. The test will include a Class 8 Mack Pinnacle tractor which has a thirteen liter engine started the trial recently and is planned to continue for a number of weeks of evaluation.
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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 Competitive Analysis:
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:
The market for dimethyl ether on a global stage covers regions such as Middle East & Africa, Asia Pacific, Europe, North America and Latin America. The Asia Pacific is a promptly establishing itself as a rising market among the other regions because of growth in the demand for paints & coatings and household fuel products in the region. The nations of India and China are the core markets in this region because of the existence of key end use industries. The European region holds a comparatively smaller portion in the dimethyl ether market globally. Nations such as Germany, U.K, and Italy are the leading suppliers to the regional market due to the mounting demand by end use industries such as the automotive industry, in which the manufactured goods are primarily used in the form of paints and lacquer.
Furthermore, the incidence of many important players may considerably help in enabling the development of the regional market ahead. The North American region closely trails behind Europe, in terms of the market size; U.S. is the biggest market in this region, which is attributed to the growing level of reconstruction undertakings along with those in the chemicals industry. The Middle East and African regions are expected to grow with a great CAGR during the forecast period because of the huge investment potential and opportunities for progress in the end use industries such as transportation fuel and construction.
(DME) Dimethyl Ether (DME) Market Segmentation:
The Global Dimethyl Ether Market needs a segmentation for a better understanding that could be founded on raw materials and application. This segmentation would allow easy access to various factors that can impact the global market.
Based on raw materials, the dimethyl ether market incorporates coal, biomass, natural gas, and others. The natural gas segment is expected to surpass expectations as it has fast become a better alternative for fossil fuel.
By application, the global dimethyl ether market includes liquefied natural gas (LPG) blending, aerosol propellant, transportation fuel, and others. The LPG segment has strong market traction and is expected to gain better footing in the coming years.
Browse key industry insights spread across 140 pages from the report, “Dimethyl Ether Market Global Research Report by Raw Materials (Natural Gas, Coal, Biomass, and Others) Application (Transportation Fuel, Aerosol Propellant, LPG Blending, and Others) Region – Growth Potential, Price Trends, Competitive Market Share & Forecast 2023” in detail along with the table of contents @ https://www.marketresearchfuture.com/reports/dimethyl-ether-market-787
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