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(IT-NEWSWIRE.COM, September 16, 2015 ) Portland, OR -- The Global Dimethyl Ether Market was worth $ 4512.7 million in 2013 and it is expected to reach $ 10379.7 million in 2021, growing at a CAGR of 9.6% from 2014 to 2021. Dimethyl ether is largely used as a substitute to Liquefied Petroliam Gas (LPG) as a blended fuel. Moreover excellent thermal efficiency gives dimethyl ether a competitive advantage over other syngas to products. DME is obtained from fossil fuel including coal and natural gas and bio based feedstock. Commonly used bio based feedstock includes agricultural waste, black liquor, garbage and forest waste. DME has emerged as an efficient energy alterative for emerging markets including China, Brazil and India. China tops the list of consumers of DME worldwide, owing to which the country has reduced imports of LPG over the past few years. The DME market in china is anticipated to grow at a CAGR of more than 10% over the period of 2014 to 2021.
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Key players in the dimethyl ether market include Royal Dutch Shell PLC, China Energy Ltd, Akzo Nobel NV, Arrtu Group,Ferrostal GmbH, Oberon Fuels Inc., Korea Gas Corporation, Grillo-Werke AG., Mitsubishi Corporation.
The report published by Aim Market Insights covers the analysis of global as well as regional markets of dimethyl ether. Moreover the report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand globally as well as regionally. Moreover key investment market analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter’s five forces analysis and value chain analysis of dimethyl ether market.
Moreover, the study highlights current market trends and provides forecast from 2014 to 2021. We also have highlighted future trends in the global dimethyl ether market that will impact the demand during the forecast period. The key investment market analysis provided in this report highlights key investing markets in the world. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers and distributors to understand the present and future trends in this market and formulate their strategies accordingly.
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