Jan 16, 2020 4:44 AM ET
Diethyl Ether Market is Forecast to Grow at CAGR of 7.4% During 2020-2025
iCrowd Newswire -
Jan 16, 2020
Diethyl Ether Market is forecast to reach $12.5 billion by 2025, after growing at a CAGR of 7.4% during 2020-2025. One of the major factor driving the market is the growing demand for Industrial and laboratory solvents. However, formation of explosive peroxides is expected to hinder the growth of the market.
- Automotive industry dominated the market in 2018 and is expected to grow during the forecast period.
- Manufacturing multi-walled carbon nanotubes, using diethyl ether is likely to act as an opportunity in the future.
- North America dominated the market across the globe with the largest consumption from the United States.
By End-Use Industry- Segment Analysis
Due to its various applications in the sector, the growing demand from the automotive industry is expected to drive the ethyl ether market. The key automobile uses are its use as an octane or lubricating oil that increases the vehicle’s fuel efficiency. It is used as a charging fluid for diesel or gasoline engines in conjunction with petroleum.Growing demand from Asia Pacific countries is contributing significantly to the growth of the automotive industry due to rising disposable income and changing lifestyle. Due to ever-increasing crude oil prices, automobile fuel efficiency is the target of government and car manufacturers.
Geography- Segment Analysis
North America was the largest producer of ethyl ether, as well as the largest consumer. Ethyl ether’s key uses are its use in automobile starting fluid and smokeless gun powder, although modest growth is expected. Growing demand from applications for laboratory and industrial solvents is expected to drive this region’s ethyl ether industry.In terms of production, North America was led by Asia Pacific due to high demand from India and China. Due to market saturation and rising competition, Japan is expected to show low growth. With demand from major applications such as chemical synthesis and military applications, the ethyl ether market in Europe is expected to show moderate growth.
- Increasing Demand from the Automotive Industry.
Diethyl ether is used as an enhancer of octane and oxygen in petrol and as a blend of lubricating oils in the automotive sector. The other usage involves the use of diethyl ether as a liquid beginning fuel additive. Because of its low cetane amount and high energy capacity, the CI engine’s cold-starting efficiency is increased by mixing the fuel with diethyl ether. Diethyl ether is a highly flammable material, providing a rapid boost to the engine by rising the piston pressure to nearly triple. For countries with cold climates, the diethyl ether additive may be of greater interest in the starting fluid as it tends to cold-start the engine at sub-zero temperatures.The development of the automotive industry worldwide, especially in Asia-Pacific and the Middle East, driven by growing expenditure by giant companies such as, Volvo, Daimler, and Volkswagen in the production of commercial vehicles, is likely to drive diethyl ether demand in the coming years.
Technology launches,acquisitions and R&D activities are key strategies adopted by players in the Diethyl Ether market. In 2019, the market of Diethyl Etherhas been consolidated by the top five players accounting for xx% of the share. Major players in the Diethyl Ether Market areBASF SE, Industrial Solvents & Chemicals Pvt. Ltd (ISCPL), INEOS, LyondellBasell Industries Holdings BV, Merck KGaA, Sasol, Standard Reagents Pvt. Ltd, and TKM Pharma Pvt. Ltd, among others.
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