Global Diethyl Ether Market - Segmented by Application, End-user Industry, and Geography - Growth, Trends, and Forecast (2018 - 2023)
The diethyl ether market is estimated to witness a robust growth during the forecast period (2018 - 2023). The growing demand for industrial & laboratory solvents, perfumes, and the increasing usage of diethyl ether by compression-ignition (CI) engines are driving the demand for diethyl ether market.
Growing Usage of Diethyl Ether for CI Engines
In the transportation sector, ethanol can be used as a compression-ignition fuel. However, it is not considered to be a high-quality fuel. Ethanol can be easily converted through a dehydration process to produce diethyl ether, which is considered to be a good compression-ignition (CI) fuel with a higher energy density than ethanol and an excellent cetane number. It is used for cold-start aid for engines due to its high volatility and low flash point. The CI fuel is widely used for the engines of commercial duty vehicles, especially heavy trucks. Hence, the growing demand and production for heavy trucks vehicles in Asia, particularly China and South-East Asia, is driving the demand for diethyl ether market.
Extraction Medium is the Primary Application
The main application of diethyl ether serves to be in the reaction as an extraction medium of chemicals, perfumes, and pharmaceuticals, owing to its inertness. The strong growth of the chemicals and pharmaceutical industry, particularly in Asia-Pacific, is projected to drive the demand for diethyl ether market in the coming years. Moreover, with rising standard of living, as well as the growing service industry and professionalism, has resulted in a growth in the perfume industry, which is further adding to the demand for diethyl ether for application in manufacturing perfumes.
North America to Dominate the Market
North America is projected to lead the market during the forecast period, with the United States witnessing the highest growth in demand for diethyl ether. The robust growth expected in the pharmaceutical industry in the United States is projected to drive the demand for diethyl ether in the coming years. The pharmaceutical spending in the country is seen to be growing at a fast rate and is likely to reach USD 610 million by 2021. The demand for drugs is increasing the investments in the medical field, which is expected to boost the demand for diethyl ether as solvent. Moreover, Asia-Pacific is likely to witness a strong growth in the demand for diethyl ether, being the most attractive market for new investments and growing investments in several sectors, like pharmaceuticals, automotive, plastics, and others.
Major Players: BASF SE, Halocarbon Products Corporation, INEOS, LyondellBasell Industries N.V., and Merck Millipore, among others.
Reasons to Purchase this Report
To understand the impact of increasing regulations on the diethyl ether market
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand the dominating application and end user in the diethyl ether market
To identify the region & countries that are expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet (in Excel)
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