Global Bio-based and Synthetic Dimethyl Ether (DME) Market: Overview
The global bio-based and synthetic dimethyl ether (DME) market has grown steadily over the years, owing to its wide range of applications in LPG blending and various industrial purposes. Dimethyl ether is highly cost-effective and eco-friendly in nature and also broadly utilized in regional and family industry for cooking and heating applications. Such organic compound is also considered as an effective alternative of diesel. Dimethyl ether is also used as an aerosol propellant which helps in removing wart in pharmaceuticals. Such USPs are believed to be majorly driving the global bio-based and synthetic dimethyl ether (DME) market
From the perspective of raw materials, the global bio-based and synthetic dimethyl ether (DME) market is bifurcated into bio-based and fossil fuel. Among these two raw materials, fossil fuel-based DME segment accounts for the largest share and is expected to boost the global bio-based and synthetic dimethyl ether (DME) market during the forecast period. This is because of the high availability of fossil fuels such as natural gas which are easily recoverable by using advanced technologies. Apart from this, rising approach of oil and gas industry in launching effective equipment for easily recovering fossil fuels for producing DME is also propelling demand for the fossil fuel-based DME.
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Global Bio-based and Synthetic Dimethyl Ether (DME) Market: Notable Developments
Some of the recent developments that may influence the contours of the bio-based and synthetic dimethyl ether (DME) market in a big way include:
- Various companies operating in the bio-based and synthetic dimethyl ether (DME) market are expanding their product horizon for gaining competitive advantage.
For instance, a company named as AkzoNobel has introduced a unique product called Demeon D in February 2014. Such product has found a wide array of applications, especially in the personal care industry.
- Bio-based and synthetic dimethyl ether (DME) is majorly utilized in various automotive and domestic sectors due to its eco-friendliness. Such property majorly given the credit for the remarkable expansion of the market.
- Recently, market players are producing DME for applying in LPG blending in order to reduce particulate matter, soot, and various others pollutants for improving the overall quality of the air in the long run.
To attain environmental sustainability, many market players have launched DME fuel vehicles for promoting sustainable road transport development. For example, Volvo Truck Corporation has launched Volvo Bio-DME trucks which ensure lower carbon-di-oxide emissions.
Key players operating in the global bio-based and synthetic dimethyl ether (DME) market include Korea Gas Corporation, Akzo Nobel NV, Fuel DME Production, Royal Dutch Shell PLC, and Mitsubishi Corporation.
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Global Bio-based and Synthetic Dimethyl Ether (DME) Market: Key Growth Dynamics
Rising Demand for Effective Aerosol Propellant in Various Industries to Fuel Market
Bio-based and synthetic dimethyl ether (DME) is highly used in LPG applications mostly in cooking and heating for domestic purposes. Along with this, rising governments’ stringent environmental laws in encouraging LPG blending for environmental sustainability is expected to fuel growth in the global bio-based and synthetic dimethyl ether (DME) market. DME is widely adopted in the industries such as paints and coatings, personal care, pharmaceutical, and home care due to its widening applications. Such organic compound is extensively used across several industries due to low odor, wide vapor pressure range, purity and stability, low cost, and excellent flammability. All such factors are also expected to boost the global bio-based and synthetic dimethyl ether (DME) market.
However, many conventional systems of fuel injection and fuel delivery are not compatible with DME fuel. This is because of the nature of DME fuel with minimum lubricity. Such factors are anticipated to hamper growth of the global bio-based and synthetic dimethyl ether (DME) market. Nonetheless, persistent demand for greener fuels are expected to overcome such challenges in the future.
