Diethyl Ether Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2020 - 2025
Diethyl Ether Market size is forecast to reach the market size of $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 diethyl ether industry.
Dimethyl ether has multiple fuel properties which make it attractive for diesel engine use. It has a very high number of cetane which is an indicator of the ignitivity of the fuel in compression-ignition engines. Diethyl ether is a highly volatile organic solvent with a high flammability. DEE can form organic peroxides when stored for a long time which can be blocked by adding butylated hydroxytoluene (BHT) as a stabiliser. BHT scavenges the free radicals necessary for the formation of peroxides.
Report Coverage
The report: “Diethyl Ether Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Diethyl Ether Industry.
Key Takeaways
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 with the market share of 43% in 2019. 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.
Drivers – Diethyl Ether Market
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.
Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Diethyl Ether market. In 2019, the market of Diethyl Ether has been consolidated by the top five players accounting for xx% of the market share. Diethyl Ether top 10 companies are BASF 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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