Bio Based And Synthetic Dimethyl Ether Market Report

Market Insights

Bio-based and Synthetic Dimethyl Ether Market is likely to witness a CAGR of 8.6% during the forecast period. Owing to its wide application in automotive fuels, industrial procedures, electric power production, and home applications such as heating and cooking, bio-based and synthetic dimethyl ether is witnessing a growth in demand. DME may be made from a variety of sources and is inexpensive, allowing it to be used more widely. Furthermore, over the forecast period, the low carbon footprint of bio-based and synthetic dimethyl ether will boost market growth.

Segments' Analysis

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Bio-based and Synthetic Dimethyl Ether Market Share: By Raw Material Type

Based on the raw material type, the market is segmented as fossil fuel based and bio-based. Fossil fuel-based DME is expected to be the leading segment of the market during the forecast period. On the other hand, the growing product use for LPG blending and transportation fuel in the Asia-Pacific will help attain sustainable gains to the bio-based and synthetic dimethyl ether market during the forecast period. In addition, increasing regulations against high emission fuels in the transportation sector are significantly contributing to the overall demand for DME as it has a higher cetane number which provides a better ignition value to ultimately reduce pollutants from the environment.

Bio-based and Synthetic Dimethyl Ether Market Share: By Application Type

Based on the application type, the market is segmented as LPG blending, aerosol propellants, transportation fuel, and industrial. Aerosol propellants are expected to lead the market during the forecast period. The growth of the segment is driven by its use across various industries such as cosmetics, pharmaceuticals, and paints & coatings. Its properties such as low odor, low cost, improved purity & stability, low toxicity, wide boiling points range, wide vapor pressure range, and eco-friendly nature drive its growth.

Bio-based and Synthetic Dimethyl Ether Market Share: By Region

In terms of regions, Asia-Pacific holds a major share of the market for bio-based and synthetic dimethyl ether. The market is driven by the strong presence of manufacturers coupled with growing adoption of clean fuel alternatives. Furthermore, increasing demand for cooking fuel with respect to rapid urbanization has encouraged the growth in the region. China and India are the growth engines of the region.

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Market Scope & Segmentation

Dimethyl ether (DME) is a colorless gas, at room temperature, that is utilized in a variety of fuel applications, including aerosol propellant and LPG mixing. Dimethyl Ether is highly promoted by government agencies for domestic applications because it is a cleaner source of energy. In gas turbines and diesel engines, it's also a promising fuel.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The bio-based and synthetic dimethyl ether market is segmented into the following categories.

Bio-based and Synthetic Dimethyl Ether Market Size, Share, & Forecast, by Raw Material Type:

• Fossil Fuel Based (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Bio-based (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Bio-based and Synthetic Dimethyl Ether Market Size, Share, & Forecast, by Application Type:

• LPG Blending (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Aerosol Propellants (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Transportation Fuel (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Industrial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Bio-based and Synthetic Dimethyl Ether Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Key Players

Some of the key players in the bio-based and synthetic dimethyl ether market are-

• Akzo Nobel N.V.
• China Energy Ltd
• Korea Gas Corporation
• Royal Dutch Shell plc
• Mitsubishi Corporation
• Shenhua Ningxia Coal Industry Group Co., Ltd
• Oberon Fuels, Inc.
• Fuel DME Production Co., Ltd
• Grillo-Werke AG
• Guangdong JOVO Group Co., Ltd.

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the raw material types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.