Dimethyl Carbonate Market was valued at US $797.37 Mn. in 2022, and it is expected to reach US $ 1218.89 Mn. by 2029 with a CAGR of 6.25% during the forecast period.
Dimethyl Carbonate Market Overview:
The research “Dimethyl Carbonate Market” seeks to provide up-to-date market intelligence and aid decision-makers in making sound investment decisions. It also offers a comprehensive analysis of the global Dimethyl Carbonate Market by Product Type, Application, Key Manufacturers, and Several Key Regions.
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Dimethyl Carbonate Market Scope:
The research focuses on the Dimethyl Carbonate market’s growth prospects, constraints, and market analyses. The research employs Porter’s five forces analysis of the Dimethyl Carbonate industry to assess the impact of several variables on Dimethyl Carbonate market trends, including supplier bargaining power etc
Dimethyl Carbonate Market Drivers:
The growing demand for polycarbonate (PC) and lithium batteries from the various industries is driving and expected to drive the growth of the DMC market over the forecast period respectively. Along with its biodegradability, polarity, and reactivity, dimethyl carbonate is becoming a popular raw material for the manufacturing of polycarbonates, gasoline additives, and cleaning solvents. It is an eco-friendly alternative when assembling polycarbonates since it does not produce hazardous phenols or acids.
With rapid advancements in polycarbonate production and lithium batteries, players in the dimethyl carbonate market are unlocking income possibilities. Thus, the global dimethyl carbonate market is expected to grow with a thanks to the high demand for DMC in polycarbonate production and lithium batteries. Also, the growing demand for DMC from paints and coatings industries to manufacture water-based organic paints is expected to drive market growth over the forecast period.
Dimethyl Carbonate Market Segmentation:
by Grade
Battery grade (>99.9% by weight)
Industrial grade (>99.0% by weight)
Pharmaceutical grade (>99.5% by weight)
by Application
Electrolyte for battery/super-capacitors/dry solar cells
Intermediate
Solvent
Polycarbonate production
Fuel additive
Others
by End-use
industry Plastic
Paint & Coating
Battery
Adhesive & Sealant
Pharmaceutical
Agrochemical
Ink
Energy
Food & Beverage
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Dimethyl Carbonate MarketKey Players: the key players are
1. Ube Industries Limited
2. Merck KGaA
3. Kowa American Corporation
4. Kishida Chemical Co. Limited
5. Shandong Shida Shenghua Chemical Group Co. Limited
6. Guangzhou Tinci Materials Technology Co. Limited
7. Shandong Haike Chemical Group
8. Arrow Chemical Group Corporation
9. Panax Etec
10.Henan GP Chemicals Co. Limited
11.Wego Chemical Group
12.Aceto Corporation
13.Alfa Aesar
14.Connect Chemicals
15.Silver Fern Chemicals
16.Hefei TNJ Chemical Industry Co. Limited
17.Kindun Chemical Co. Limited
18.Tokyo Chemical Industry Co. Limited
19.Qingdao Aspirit Chemical Co. Limited
20.Others
Regional Analysis:
The report has assessed the global Dimethyl Carbonate market in the following regions:
- America, North (the United States, Canada)
- European Union (Germany, France, United Kingdom, Russia)
- Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
- Latin America (Brazil, Argentina, Colombia)
- Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa)
COVID-19 Impact Analysis on Dimethyl Carbonate Market:
The global repercussions of the coronavirus disease 2019 (COVID-19) are already being seen, and they will have a significant impact on the Dimethyl Carbonate market in 2021. The COVID-19 outbreak has had a wide-ranging impact, including flight cancellations, travel bans and quarantines, restaurant closures, and restrictions on all indoor/outdoor events; the declaration of a state of emergency in over thirty countries; a massive slowdown in the supply chain; the stock market; falling businesses, growing panic among the people, and uncertainty about the future.
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Key Questions answered in the Dimethyl Carbonate Market Report are:
- Which key trends are likely to emerge in the Dimethyl Carbonate market in the forecast period?
- What will be the Dimethyl Carbonate market size by 2027?
- Which company had the biggest share in the Dimethyl Carbonate market in 2020?
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