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.

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.

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.

Global Bio-based and Synthetic Dimethyl Ether (DME) Market: Regional Outlook

Geographically, Asia Pacific is expected to lead the global  bio-based and synthetic dimethyl ether (DME) market as the region has witnessed increasing demand for DME in domestic cooking application. Along with this, governments’ initiatives in replacing kerosene with DME and rapid urbanization could also be responsible for fueling growth in the bio-based and synthetic dimethyl ether (DME) market in this region.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Biobased Synthetic Dimethyl Ether Dme Market

Pre Book