Dimethyl Ether (DME) Latest Industry News:
Indonesia and China have recently signed five contracts under the Silk Road Economic Belt and 21st Century Maritime Silk Road initiatives. The cooperation contracts include the development of facilities which convert coal into dimethyl ether. The project is worth a USD700 million piece of the total contracts worth of USD 23.3 Billion.
Methanex has been making progress toward its $1 Billion expansion of its Geismar plant which is slated for design and engineering planning by 2019. The company moved two methanol plants from Chile to Geismar in 2014, by 2019 they hope to begin building a third unit. Methanol is an alternative fuel which a crucial component of Dimethyl Ether.
Jan 2017 Mack Trucks are creating a renewed interest in Dimethyl Ether which is a diesel alternative which is clean-burning. They are conducting with new field tests which are to be carried out in partnership with New York City’s sanitation department and Oberon Fuels. The test will include a Class 8 Mack Pinnacle tractor which has a thirteen liter engine started the trial recently and is planned to continue for a number of weeks of evaluation.
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Dimethyl Ether (DME) Market Key Players:
Prominent players and their market strategies have been analyzed in the report with the aim to present a deeper understanding of the competitive landscape. Market players profiled in MRFR’s report include Zagros Petrochemical Company, Oberon Fuels, AkzoNobel N.V., China Energy Limited, The Chemours Company, Royal Dutch Shell plc., Mitsubishi Corporation, Ferrostaal GmbH, Grillo Werke AG and Jiutai Energy Group.
Dimethyl Ether (DME) Market Segmentation:
This MRFR report presents a segmental analysis of the global dimethyl ether market based on raw materials and application.
By raw materials, the global dimethyl ether market has been segmented into natural gas, coal, biomass, and others.
By application, the dimethyl ether market has been segmented into transportation fuel, aerosol propellant, liquefied natural gas (LPG) blending, and others.
Dimethyl Ether (DME) Market Regional Analysis:
The Asia-Pacific is the most sizable and fastest growing regional market during the forecast period. This growth can be attributed to the rapidly growing paints and coatings industry in the region which commonly uses DME as an aerosol propellant. It is also used as household fuel in this region. Countries such as India and China are expected to contribute significantly to market growth. China is an emerging economy to watch in the DME market due to the abundant coal in the region and the increasing production of automobiles in the country.
In North America commercial developments are primarily being driven by the ample supplies of low-cost natural gas due to the shale gas revolution creating a revival of the methanol industry in the United States. This revival is supporting developments to make gasoline from natural gas-derived methanol.
Europe has the second largest global market share. Developed economies in the region such as Germany, U.K., and Italy are predicted to be the largest contributors to market growth during the forecast period. The presence of eminent market players who are investing in research & development to advance DME applications further is an essential factor boosting growth in this region.
Dimethyl Ether (DME) Market Competitive Analysis:
Dimethyl Ether Market appears to be highly fragmented and competitive owning to the presence of numerous large and small players active in regional market. The key strategies traced from the analysis of recent developments of the key players include Product Launch, Agreement & Partnership, Acquisition and expansion.
The competitors in the industry are trying to increase their market share to a considerable size by the effectual employment of their major resources to start growth transformations which can be long lasting. This attitude has enabled trends which are linked to development and are notably volume driven.
Dimethyl Ether (DME) Market Table of Content:
1 Report prologue
2 Global Dimethyl Ether Market: Introduction
3 Global Dimethyl Ether Market: Research Methodology
4 Global Dimethyl Ether Market: Market Dynamics
5 Global Dimethyl Ether Market: Market factor analysis
Dimethyl Ether (DME) Market Table of Content to be Continue……,
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Dimethyl Ether (DME) Latest Industry News: