Dimethyl Ether, which is also known as methoxymethane is a colorless gas used in different fuel and heating applications. The market for bio-based and synthetic dimethyl ether has been growing for the past decade and is expected to grow during the forecast period owing to its extensive usage in aerosol propellants, LPG blending, transportation, industrial, and domestic applications. The growing demand for greener fuels has boosted the product demand for LPG blending. However, fuel is no lubricant in nature, which affects the delivery and injection of fuel. This factor is likely to threaten the growth of the market.
The bio-based and synthetic dimethyl ether industry is segmented on the basis of raw materials, and applications. On the basis of raw materials, the market is further segmented to fossil fuels and bioproducts. Further, on the basis of applications, the market is divided into LPG blending, aerosol propellants, transportation fuels, industrial, and others. The fossil fuel segment is anticipated to have a considerable share in the market for its abundant availability of natural gas and coal reserves from the earth’s surface which is extracted while using advanced machinery and equipment. Bio-based product is anticipated to showcase the considerable growth during the forecast period attributed to its benefits of a generation of cleaner energy fuels.
Geographically, the market is segmented on the basis of the regions including North America, Europe, Asia-Pacific and Rest of the World (RoW). The market in the Asia-Pacific region is anticipated to have significant market value owing to the increasing usage of LPG’s in cooking’s, transportations, and other applications across countries such as India, China, Indonesia, and Japan. Moreover, governmental interventions in substituting kerosene with dimethyl ether and rising modernization have further fueled the market for LPG products. Europe is expected to have considerable share attributed to the increasing adoption of dimethyl ether fuels for igniting compressed engines.
The market includes a few major companies such as Korea Gas Corp., Grillo-Werke AG, Oberon Fuels, Inc., Cayman Chemical Co., and Fuel DME Production Co., Ltd. These players adopt a variety of strategies including the merger, procurement, products and services to expand and stay competitive in the market.
Research Methodology:
The market study of the bio-based and synthetic dimethyl ether market is incorporated by extensive primary and secondary research conducted by a research team at OMR. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
Secondary sources include:
- Financial reports of companies involved in the market
- Authentic public databases such as the OICA, OECD, and others
- Whitepapers, research-papers and news blogs
- Company websites and their product catalog
The report is intended for fuel-based companies, research organizations, investment companies, government organizations for overall market analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models delivering insights into the market for better business decisions.
Market Segmentation:
- Global Bio-Based and Synthetic Dimethyl Ether Market by Raw Materials
- Global Bio-Based and Synthetic Dimethyl Ether Market by Applications
The Report Covers:
- Comprehensive research methodology of the bio-based and synthetic dimethyl ether market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global bio-based and synthetic dimethyl ether market.
- Insights about market determinants which are stimulating the global bio-based and synthetic dimethyl ether market.
- Detailed and extensive market segments with regional distribution of forecast revenues.
- Extensive profiles and recent developments of market players.
