The report of Bio-based and Synthetic Dimethyl Ether (DME) Market By Raw Material (Fossil Fuel Based, Bio-based), By Application (LPG Blending, Aerosol Propellants, Transportation Fuel, Industrial), and Region (North America, Asia Pacific, Europe, South America, and the Middle East & Africa) is expected to reach US$ XX Mn by 2027, at a CAGR of XX% during the forecast period.
Bio-based and synthetic dimethyl ether is experiencing an increase in demand on account of its multifunctional use in automotive fuels, industrial procedures, electric power generation, and domestic applications such as heating & cooking. DME can be produced from abundant sources and are cost-effective that increases the use of the compound. Also, a low carbon footprint will boost bio-based and synthetic dimethyl ether market growth over the forecast period. PM and NOx emission benefits presented by the compound have ignited benefits from several automobile manufacturers to explore its usage as a substitute fuel to power heavy trucks and tractors. Moreover, diesel engines need a fuel-tolerant injection system to operate on the product. These needs for a sustainable fuel substitute and increasing R&D initiatives for emerging DME compatible engines are expected to provide substantial growth opportunities to the key players in the bio-based and synthetic dimethyl ether market.
Nevertheless, DME is a fuel with no lubricity, hence conventional systems of fuel delivery and fuel injection are not well-matched with it. This factor is expected to hinder the bio-based and synthetic dimethyl ether market growth.
By application, aerosol propellants segments are account for the largest market share of the total market. This is mainly because of the increased demand for bio-based and synthetic dimethyl ether market. Aerosol propellants are broadly used chemicals in several industries like cosmetics, pharmaceuticals, and coatings.
Region-wise, Asia-Pacific held the largest market share of XX% in 2019 thank to the large presence of key players along with the increasing adoption of clean fuel alternatives. Increasing trends for LPG mixed with the product for residential cooking application in the APAC countries such as India, China, and Indonesia will drive the Asia Pacific bio-based and synthetic dimethyl ether (DME) market in the current future. Also, significant activities by the Indian government to uproot lamp fuel by DME and the emerging urbanization in the district similarly present more clear need lookouts for the product in LPG blending.
Europe was the second-largest market share of XX% in 2019. The product has increasing wide acknowledged as an elective fuel for pressure start motors in Europe, which will possibly drive the regional dimethyl ether market share over the forecast period. North America held the third-largest market share of XX% in 2019. The growing product demand as an aerosol propellant in the region will help the market share in the current future.
The key players of the global Bio-based and Synthetic Dimethyl Ether (DME) market are Mitsubishi Corporation, Royal Dutch Shell, China Energy Ltd., Oberon Fuels, Korea Gas Corporation, Akzo Nobel NV, Fuel DME Production, Ferrostaal GmbH, Grillo-Werke AG, JOVO Group, The Chemours Company, Shenhua Ningxia Coal Industry Group Co., and Others.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Bio-based and Synthetic Dimethyl Ether (DME) Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the Global Bio-based and Synthetic Dimethyl Ether (DME) Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Bio-based and Synthetic Dimethyl Ether (DME) Market positioning of competitors.
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