The global and China market for dimethyl ether is a
moderately fragmented arena. Transparency Market Research (TMR)
observes in a new study that the raft of opportunities created by the
transportation and power segment is likely to attract new players to
venture into the market, intensifying the competition in the coming
years. In order to ensure sustainable operations, several
manufacturers are shifting towards natural gas from coal to
manufacture methanol, which is further converted to dimethyl ether.
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“With more conducive factors in China, the majority
of players are focusing towards expanding their business in the
country,” says the author of the report. Some of the prominent
companies operating in the global and China dimethyl ether market are
Korea Gas Corporation, Shenhua Ningxia Coal Industry Group Co. Ltd.,
Jiutai Energy Group, Guangdong JOVO Group Co. Ltd., and China Energy
Ltd. The global dimethyl ether market is anticipated to reach US$8.37
bn by 2020, expanding at a CAGR of 9.4% from 2014 to 2020.
LPG Blending Remains Most Prominent Application
Segment Owing to Growing Demand from China
On the basis of application, the LPG blending will
continue to account for the lion’s share in the market until 2020.
Strong demand for LPG in China is largely supplementing the growth of
the segment. However, the demand for dimethyl ether in the
transportation sector is expected to follow an exponential growth
track. The clean burning and low carbon emission properties of
dimethyl ether make them an attractive option as a transportation
fuel. Moreover, increasing research and development activities in the
field of fuels for transportation is propelling the growth of the
transportation fuel segment. Owing to these factors, the segment will
post a CAGR higher than any other segment during the review period.
Geographically, China will represent a substantial
share in the market throughout the forecast period, owing to the
rapidly growing population. The country will be trailed by rest of
Asia Pacific, Europe, and North America. The dimethyl ether market in
Rest of the World is estimated to register a noteworthy CAGR in terms
of revenue during the same period. On the other hand, China will
progress at a CAGR higher than any other region in terms of volume
during the review period.
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Rising Environment Concerns Regarding Use of HFC
and HCFC Trigger Demand
The spiraling demand for LPG blend in Asia Pacific,
particularly China, is one of the primary stimulants of the growth of
the global dimethyl ether market. “With the similar properties of
dimethyl ether and LPG, accurate proportion blend of the two
chemicals becomes convenient,” says a TMR analyst. “The increased
uptake of LPG blend has proved to be helpful in reducing China’s
import burden significantly.”
Moreover, dimethyl ether is used to manufacture
environment-friendly aerosol propellant, which acts as an alternative
to hydrofluorocarbons (HFC) and hydrochlorofluorocarbon (HCFC). The
rising concerns regarding environment conservation and safety are,
therefore, playing a vital role in the growth of the market.
Stringent Government Regulations Pertaining to LPG
Blending Hampers Growth Prospects
Dimethyl ether, as an individual unit, is unable to
provide the viscosity and lubricity required for a fuel. This, in
turn, has a negative impact on the growth of the global market. It
provides value when blended in correct proportion with other fuels,
such as diesel. However, several governments worldwide have set
stringent regulations pertaining to blends. The growth of the market
is restricted by the strict regulatory scenario regarding blending of
dimethyl ether in domestic LPG cylinders in its most prominent
region, China. However, the increasing demand for transportation fuel
will stir up the uptake of dimethyl ether in the near future.
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The above data has been derived from a report by TMR,
titled “Dimethyl Ether Market (Raw Material - Fossil Fuel Based and
Bio Based; Application - LPG Blending, Aerosol Propellants,
Transportation Fuel, Industrial and Chemical Feedstock) - Global &
China Industry Analysis, Size, Share, Growth, Trends and Forecast
2014 - 2020.”
The report segments the global dimethyl ether
market as:
Dimethyl Ether Market, by Application
- LPG blending
- Aerosol propellants
- Transportation fuel
- Industrial
- Others (Including chemical feedstock, etc.)
Dimethyl Ether Market, by Raw Material
- Fossil fuel based DME
- Bio based DME
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