A recent report published by a research nester titled “Dimethyl Ether Market: Global Demand Analysis & Opportunity Outlook 2030″ delivers a detailed overview of the global dimethyl ether market in terms of market segmentation by product, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis, and Porter’s five force model.
The dimethyl ether market is segmented into applications such as automotive pharmaceutical, building & construction, plastic industry. Among these plastics are expected to dominate the overall market and are projected to reach a remarkable CAGR by 2030. Ethylene dichloride is a monomer unit of polyvinyl chloride. It is used in the manufacturing of PVC by addition polymerization.
PVC has a large number of end-user applications in various sectors such as automotive, construction, plastic, and others. The rising demand for ethylene dichloride as PVC is expected to bolster the growth of the dimethyl ether market over the forecast period. Increasing expenditure as per the growing population is expected to positive growth of the dimethyl ether market in upcoming years.
Further, North America is expected to grow at a significant pace in the upcoming period. The US is one of the largest producers of ethylene dichloride in this region which drives the North American market in upcoming years. Factor such as rising house renovation and utilization of the plastic product in this region is anticipated to garner the growth of the global dimethyl ether market in upcoming years. Europe is a prominent market of dimethyl ether market is expected to witness of high growth rate over the forecast period.
The global dimethyl ether market is expected to reach 58 million tons by the end of 2030. And the market is anticipated to flourish at a CAGR of ~10% over the forecast period i.e.2017-2030. Additionally, the growth of the dimethyl ether market is also depending on the construction industry and automotive industry. It is widely used in making many components of the automobile. The growing demand for automobiles is also envisioned to foster the growth of the dimethyl ether market. In terms of the region, Asia Pacific accounted for the largest market of ethylene dichloride in terms of market share in 2017 and continues its control over the forecast period. Moreover, the presence of emerging economies such as China, India, and positive GDP figures are believed to bolster the growth of the dimethyl ether market in this region.
Rising construction and building project in developing countries is expected to bolster the growth of the dimethyl ether market over the forecast period.
In contrast, EDC is a toxic and high flammability compound. Further, is petroleum product cost of EDC directly depends on the price of the crude oil which is anticipated to dampen the growth of the dimethyl ether market during the forecast period
PVC is a thermosetting polymer that possesses high tensile strength, toughness, hardness, and others as like other metals. It is widely used in various sectors instead of metal due to its low weight, corrosion resistance properties. The growing demand for PVC in various sectors is likely to directly impact the growth of the dimethyl ether market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global amino resin market which includes company profiling of Akzo Nobel N.V., China Energy Limited, Royal Dutch Shell PLC, Jiutai Energy Group, Aestar Co. Ltd, Grillo-Werke AG, Ferrostaal GmbH, Korea Gas Corporation, Zagros Petrochemical Company, Gas Technologies LLC
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the global aircraft control equipment market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities, and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
