Dimethyl Carbonate Market: Size, Restraints, Drivers, Trends, and Analysis 2024-2033

Spread the love

Overview and Scope

Dimethyl carbonate refers to a form of carbonic acid in which both hydrogen atoms are replaced with methyl groups. This substance stands as an appealing, environmentally friendly substitute for methyl halides (dimethyl sulfate) and phosgene for methylation and carboxylation processes.

Sizing and Forecast

The dimethyl carbonate market size has grown strongly in recent years. It will grow from $1.08 billion in 2023 to $1.15 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%.  The  growth in the historic period can be attributed to demand for sustainable solvents, focus on renewable chemicals, biomedical research applications, specialty chemicals demand, shift towards green chemistry..

The dimethyl carbonate market size is expected to see strong growth in the next few years. It will grow to $1.46 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%.  The growth in the forecast period can be attributed to demand for battery electrolytes, automotive sector integration, advancements in biomedical applications, energy storage solutions demand.. Major trends in the forecast period include regional market expansion, growing environmental awareness, shift towards green chemistry, stringent environmental regulations,substitute for harmful solvents..

To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/dimethyl-carbonate-global-market-report

Segmentation & Regional Insights

The dimethyl carbonate market covered in this report is segmented –

1) By Grade: Industry Grade (>99.0 weight %) , Pharmaceutical Grade (>99.5 weight %) , Battery Grade (>99.9 weight %)

2) By Application: Polycarbonate Synthesis, Battery Electrolyte, Solvents, Reagents, Other Applications (Fuel Additives, Electrolyte for Supercapacitors, Electrolyte for Dye-synthesized Solar Cells)

3) By End-Use Industry: Plastics, Paints and Coating, Pharmaceutical, Battery, Agrochemicals, Other End-Use Industries (Adhesives & Sealants, Ink, Food & Beverages, and Energy)

Asia-Pacific was the largest region in the dimethyl carbonate market in 2023. The regions covered in the dimethyl carbonate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8355&type=smp

Major Driver Impacting Market Growth

The increased demand for lithium-ion batteries is expected to propel the growth of the dimethyl carbonate market. The lithium-ion (Li-ion) battery is a modern technology that relies on lithium ions in its electrochemistry. Dimethyl carbonate is used as an electrolyte in lithium batteries to increase the octane number instead of MTBE (Methyl tart-butyl ether). For instance, in July 2021, according to an article published by the United Nations Department of Economic and Social Affairs, the Li-ion battery demand increased from 285 GWh in 2019 to 400 GWh in 2022. It is expected to reach 2,000 GWh in 2030, which is about 8% of the global energy supply. Therefore, increased demand for lithium-ion batteries is driving the growth of dimethyl carbonate.

Key Industry Players

Major companies operating in the dimethyl carbonate market report are Shandong Haike Chemical Industry Group Co. Ltd., Kowa American Corp., Shandong Wells Chemicals Co. Ltd., Qingdao Aspirit Chemical Co. Ltd., Shandong Feiyang Chemical Co. Ltd., Haike Chemical Group, Kindun Chemical Co.Limited, Hefei TNJ Chemical Industry Co.Ltd., Arrow Chemical Group Corp., Dongying City Longxing Chemical Co. Ltd., Hebei New Chaoyang Chemical Stock Co.Ltd., Shandong Depu Chemical Industry Science & Technology Co. Ltd., Dongying Hi-tech Spring Chemical Industry Co. Ltd, Aarsha Chemicals Private Limited, Tongling Jintai Chemical Industrial, UBE Industries, Tangshan Chaoyang Chemical Co. Ltd., Mitsubishi Chemical Corporation, Tokyo Chemical Industry Co. Ltd., Merck KGaA, Linyi Evergreen Chemical Co. Ltd., Akzo Nobel N.V., Alfa Aesar, Taizhou Lingyu Chemical Co. Ltd., Sigma-Aldrich Co. LLC, Dongying Jintan Chemical Co. Ltd., Luxi Chemical Group Co.Ltd., Dongying Xinyuan Chemical Co. Ltd., Dongying City Shuangma Chemical Co. Ltd., Dongying Dafeng Chemical Co. Ltd.

The dimethyl carbonate market report table of contents includes:

  1. Executive Summary
  2. Dimethyl Carbonate Market Characteristics
  3. Dimethyl Carbonate Market Trends And Strategies
  4. Dimethyl Carbonate Market – Macro Economic Scenario
  5. Global Dimethyl Carbonate Market Size and Growth

.

.

.

  1. Global Dimethyl Carbonate Market Competitive Benchmarking
  2. Global Dimethyl Carbonate Market Competitive Dashboard
  3. Key Mergers And Acquisitions In The Dimethyl Carbonate Market
  4. Dimethyl Carbonate Market Future Outlook and Potential Analysis
  5. Appendix

Explore the trending research reports from TBRC:

Top 5 Major Key Players Are:

  • Shandong Haike Chemical Industry Group Co. Ltd
  • Kowa American Corp
  • Shandong Wells Chemicals Co. Ltd
  • Qingdao Aspirit Chemical Co. Ltd
  • Shandong Feiyang Chemical Co. Ltd

Contact Us:

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 88972 63534

Americas: +1 315 623 0293

Email: [email protected]

 

Follow Us On:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

Twitter: https://twitter.com/tbrc_info

Facebook: https://www.facebook.com/TheBusinessResearchCompany

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Blog: https://blog.tbrc.info/

Healthcare Blog: https://healthcareresearchreports.com/

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model


Spread the love

About Top PR News

TopPRnews Leads Drives Search Engine Visibility For Your Press Release Content. Our Global Network Reaches Important Contacts, Media Partners And Websites And Journalists. Happy Postings! If You Have Any Queries Please Contact Official Mail At [[email protected]}

View all posts by Top PR News →