PressPort logo
https://www.pressport.com/int/news/pressreleases/dme-market-demand-expected-to-grow-as-a-diesel-substitute-18509
ad

DME market demand expected to grow as a diesel substitute

Press release July 30, 2014 Dimethyl ether market price, dimethyl ether market

Dimethyl Ether (DME), also known as methyl ether, is a clean energy source that can be manufactured from various abundant sources including coal, biomass and natural gas.

The Dimethyl Ether (DME) market thrives because it has emerged as an alternate energy source for energy deficit countries. Alongwith this, mixing LPG and DME showed an alternative way for companies to reduce the consumption of LPG, further increasing the demand of dimethyl ether market.

Furthermore, with the target of reducing LPG imports, countries like China, South Korea, Indonesia and Egypt are striving to develop a strong base for the DME market and considering it a dependable replacement for diesel for its clean burning properties, though it does require changes in the engine of the vehicle. Besides acting as alternative fuel, countries in Western Europe, especially Germany and the Netherlands, are consuming DME as a chemical feedstock or a propellant. All these factors alongwith it acting as the substitute for diesel, the DME market is expected to grow at CAGR of 10.99% in the period from 2013-2018.

This report, Global Dimethyl Ether Market 2014-2018, provides an in-depth analysis of the DME market and focuses on the Asia Pacific, Europe and Middle East regions. The report is further segmented according to feedstock, process and technology, applications and geography.

China emerging as the biggest market of DME

China is the largest consumer of DME and has the highest production capacity. Due to the extensive hard-cash expenditures that occur during the import of LPG, the country is currently blending DME and LPG together and using it as an alternative fuel source. The DME consumption of the country is expected to grow at a CAGR of 10.6% from 2013 to 2023. It is predicted that after 2018, the growth of the dimethyl ether market in the country will be driven by the transportation fuel segment and will grow at a CAGR of 20% after that. Furthermore, China is rapidly adopting DME as the replacement to diesel, which also complies with the government’s initiative to reduce emission levels in the country, is expected to fuel the growth of the sector.

Alongwith China, the DME market is also growing in South Korea, Japan, Indonesia, Trinidad and Tobago, and Egypt, which are either producing it domestically or sourcing it from other countries. Currently, however, the production facilities are concentrated in China and with few capacities in Japan, Germany, USA and the Netherlands.

Market outlook

Even if the use of DME varies by region, it is forecasted to increase at a CAGR of 12.9% over the next decade, and the DME market is expected to reach a volume total of 6,500 kilo tons by 2018. Majorly driven by the intense efforts of these countries, DME consumption as a diesel substitute is expected to grow at the highest between 2013 and 2018, and record a CAGR of 10.99% over the same period.

For further insights,

Visit: DME market demand expected to grow as a diesel substitute

About Research on Global Markets

Research on Global Markets is a leading source for market research on various sectors globally, offering premium research content from worldwide publishers of market research reports. Our database hosts premium market research content developed by global publishers. It offers premium industry research reports, company profiles and country briefs. We have a dedicated team of research professionals who can facilitate, in an unbiased manner, the process of identifying appropriate market research reports that are targeted to fulfill all your information-related requirements.

For more details on the content of each report and ordering information please contact:

Email: [email protected]

US: +1 800 986 6819

UK: +44 203 514 2363

India: +91 22 4098 7600

SOURCE: Researchonglobalmarkets.com

Subjects


Dimethyl ether market price, dimethyl ether market


ad