Press Release
Press Release
The Asia Pacific accounts for a significant market share due to the rapidly expanding automotive sector and the presence of automotive giants such as Toyota Motor Corp (NYSE: TM) in countries like South Korea and Japan. The rising number of automobiles increases the demand for fuel.
Compared to conventional fuels, dimethyl ether has a similar calorific value and thermal efficiency. It burns cleanly and produces little particle matter or emissions. Due to its physiochemical characteristics, it can be used as a blending agent or as a viable replacement for LPG, which is a propane and butane mixture.
Its great water miscibility, high solvency, zero GWP potential, and non-toxicity also make it ideal for use as an aerosol propellant in the chemical industry. For dimethyl ether to be liquid, a pressure of roughly 75 pounds per square inch (psi) is needed. The growing demand for alternatives to diesel and petrol for commercial purposes and logistics transportation supports the dimethyl ether market demand.
The continuous research and development activities drive the market expansion. In June 2023, IIT Kanpur researchers developed an engine that runs entirely on DME and has a mechanical fuel injection mechanism. The development of the first 100% Dimethyl Ether (DME)-fuelled tractor and vehicle in India for both on- and off-road uses sparked the need for a viable alternative fuel-based transportation system.
Compared to the standard diesel engine, it demonstrated reduced emissions and increased thermal efficiency. Without the need for sophisticated engine technologies, the DME-fuelled engine produced incredibly low emissions of particulate matter as well as almost no smoke. This makes it a viable alternative fuel and engine technology to replace conventional diesel engines used in the transportation and agricultural sectors of India's economy.
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The major players in the global dimethyl ether market are Topsoe A/S, Mitsubishi Corporation, Grillo-Werke AG, Royal Dutch Shell Plc, Korea Gas Corporation, and Nouryon, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Raw Material |
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Breakup by Application |
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Breakup by Region |
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Competitive Landscape |
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