Dimethyl Ether (DME), also known as methyl ether, is a colourless non-toxic gas which is easy to liquefy and transport. DME is a clean energy source that can be manufactured from various abundant sources including coal, biomass, and natural gas. It has a great potential for use as an alternative for transportation fuel. In addition, it is also used in power generation and domestic applications like heating and cooking. Analysts forecast the Global Dimethyl Ether market will grow at a CAGR of 10.99 percent over the period 2013-2018.
The Report recognizes the following companies as the key players in Global Dimethyl Ether Market: China Energy Ltd, ENN Energy Holdings Ltd, Fuel DME Production Co. Ltd, Korea Gas Corp., Methanex Corp., Lutianhua Group, Grillo-Werke AG, Akzo Nobel N.V., Royal Dutch Shell plc, E. I. du Pont de Nemours and Co., Ningxia Coal Group, JSC Shchekinoazot, DME Aerosol LLC, PCC SE, Saudi Arabian Oil Co., Saudi Basic Industries Corp., Mitsubishi Rayon Co. Ltd, Lucit International, Zagros Petrochemical Co., Egyptian Petrochemical Holding Co., Mitsubishi Gas Chemical Co., Itochu Corp., Mitsubishi Corp., Neal & Massy Holdings Ltd, Ferrostal AG, Hebei Jichun Group, Qianjiang Huarun Chemical Co., Shandong Dongming Petrochemical Group, Henan Xinhong Petrochemical Co., Hebei Jinyuan Chemical Co., Xinneng Group, Chian National Coal Group, Tianhe Chemical Co., Yunnan Jiehua Group, Chongqing Minsheng Gas Co. Ltd, Guizhou Tianfu Chemical Co. Ltd, Baota Petrochemical Group, Shanxi Lanhua Sci-tech Venture Co. Ltd, Linfen Tongshida Industry Co. Ltd.
Recently, AB Volvo, the world's largest manufacturer of commercial vehicles, has stated that DME could be a better option for future fuel. Volvo has developed a DME fleet in collaboration with the European Union in Sweden. The DME-powered trucks operate as ultra-clean low-emission transport vehicles throughout the country. A similar pilot program in Sweden has been undertaken through a commercial collaboration between Martin Transport Inc., Volvo, and Oberon Fuels Inc. Nissan has also developed a compression ignition engine truck fuelled by DME. Volvo has already brought second-generation DME gas engine trucks to the market. Thus, DME could be an alternative energy to LNG as a transportation fuel and it is expected that it will be more economical for long distance driving.
This report covers the present scenario and the growth prospects of the Global Dimethyl Ether market for the period 2014-2018. The report provides data on the different segments of the market based on the following criteria: Feedstock, Process and Technology, Applications, and Geography.
Global Dimethyl Ether Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Asia Ppacific, Europe and Middle East regions; it also covers the Global Dimethyl Ether market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, the Global DME market is driven by several factors (both on the demand and supply side), of which the growing demand for DME in China is one of the major drivers. China is the single largest consumer and producer of DME, contributing more than 90 percent of the global demand, and is expected to continue to dominate the Global DME market in the future. The DME market in China has changed dramatically, with many new projects.
Further, the report states that one of the major challenges is the strong competition with existing fuels. Although DME is the most promising fuel, it has tough competition with diesel and other existing fuels such as LPG, gasoline, kerosene, and hydrocarbons.