The major growth drivers identified in the dimethyl ether market is the rising demand for the compound from automotive industry. Growing preference of consumers coupled with emerging environmental concerns have resulted in increased demand for less polluting and enhanced quality fuel in automobile industry. The rising consumption of ether is resulting in rapid transformation of automobile market.
On the basis of raw materials, the dimethyl ether market is categorized into methanol, coal, natural gas, and bio-based. During the historical period, methanol accounted for significant share in the dimethyl ether market.
The major growth drivers identified in the dimethyl ether market is the rising demand for the compound from automotive industry. Growing preference of consumers coupled with emerging environmental concerns have resulted in increased demand for less polluting and enhanced quality fuel in automobile industry.
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APAC dimethyl ether market is expected to remain the largest regional market during the forecast period. This is attributed to the increasing demand for clean fuel from the transportation, and oil and gas industries in the region. The persistent issue of high environmental pollution, faster rate of oil depletion, and growing greenhouse gases concern in the region are the major factors driving the market growth.
Some of the major players operating in the global dimethyl ether market are Akzo Nobel N.V., Shell International B.V., The Chemours Company, China Energy limited, Mitsubishi Corporation, Ferrostaal GmbH, Grillo-Werke AG, Jiutai Group, Oberon Fuels, and Zagros Petrochemical Company.
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