Global Dimethyl Carbonate Market size was valued at USD 854.76 Million in 2021 and is projected to reach USD 1414.30 Million by 2030, growing at a CAGR of 6.41% from 2022 to 2030.
Numerous industries, including electronics, automotive, building and construction, consumer goods, and healthcare, are using polycarbonate at a rising rate. Dimethyl carbonate’s role as an environmentally friendly solvent in the production of quickly biodegradable and non-toxic goods is one of the elements fueling the market’s expansion. The report on the global dimethyl carbonate market offers a comprehensive analysis of the industry for the anticipated time frame. The study includes a number of sections as well as an analysis of the trends and other elements that are significantly influencing the industry.
Market Overview:
As a result of the properties polycarbonate contains in the applications—strength, thermal stability, chemical and heat resistance, and dimensional stability—polycarbonate is becoming more and more popular as an engineering thermoplastic in a variety of industries, including electronics, automotive, building & construction, consumer goods, and medical. The global production capacity of polycarbonate products will increase as demand for the material rises across several industries. The manufacture of the plastic polymers utilised in this industry is boosted by rising consumer income and spending on electronics and cars. Dimethyl carbonate has a wide range of uses and is utilised in many different sectors. There is a significant demand for dimethyl carbonate due to the quantity and range of uses. In conventional manufacture, hazardous byproducts like sodium chloride are created by employing poisonous gases like phosgene and carbon monoxide. The majority of the product is made up of extremely toxic compounds that, even in little amounts, can result in death or serious health problems.
When manufactured in large quantities, sodium chloride can harm the environment when dumped. One of the reasons limiting the growth of the dimethyl carbonate market is the prevalence of the methanol phosgenation technique among international producers. Applications can replace fuel and cleaning agents by increasing the dimethyl carbonate components. By enhancing the use of dimethyl carbonate as a solvent in the synthesis of polymers, flavouring agents, and insecticides, manufacturers in the dimethyl carbonate market are seizing incremental possibilities.
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The Dimethyl Carbonate Market – Segmentation
The Dimethyl Carbonate Market fragrance concentrates market has been sub-classified into grade, application, end-user.
On the basis of grade, the Dimethyl Carbonate Market is bifurcated into:
• Industry grade
• Pharmaceutical grade
• Battery grade
• others
On the basis of application, the market is segmented into:
• polycarbonate synthesis
• battery electrolyte
• solvents
• reagents
• others
On the basis of end-user, the market segmented into:
• plastics
• paints and coating
• pharmaceutical
• battery
• agrochemicals
• Others
The Dimethyl Carbonate Market – Key Market players
Global key players of Dimethyl Carbonate Market include Shandong Shida Shenghua Chemical Co., Ltd., KOWA American Corporation, UBE Industries, Tokyo Chemical Industry Co., Ltd., Merck KGaA, Arrow Chemical Group Corp., HaiKe Chemical Group Ltd., Alfa Aesar, Tangshan Chaoyang Chemical Co., Ltd., and Hefei TNJ Chemical Industry Co., Ltd., and others.
The Dimethyl Carbonate Market –Regional Analysis
Asia-Pacific dominated the global Dimethyl Carbonate Market, for a sizeable portion of the world market for dimethyl carbonate in 2021. Due to a significant rise in the use of polycarbonates, it is anticipated that demand for dimethyl carbonate in the Asia Pacific region will increase throughout the forecast period. The Asia Pacific dimethyl carbonate market is anticipated to grow at an alluring rate over the forecast period due to the rise in consumption of dimethyl carbonate in numerous industrial applications such as cleaning products, paints and coatings, pesticide residues, sealants, and lithium-ion batteries.
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Market Trends:
The growing demand for safe, low-toxic, and biodegradable solvents in various industrial applications is the main factor driving the global market. This might be explained by the fact that the demand for eco-friendly solvents is increasing due to growing environmental concerns. In line with this, the demand for lithium-ion batteries is rising, which is boosting the market. This is due to the increasing usage of consumer devices, such as laptops and smartphones. Additionally, the market is being stimulated by the increasing use of DMC as a solvent in the extraction of active medicinal components as well as in the manufacture of antibiotics, sedatives, and antihistamines. In addition, encouraging government programmes that restrict the use of conventional solvents and encourage the use of eco-friendly alternatives are enhancing the outlook for the market.
Market Dynamics:
Over the course of the projected period, the DMC market is expected to increase due to the expanding demand for polycarbonate (PC) and lithium batteries from various sectors. Dimethyl carbonate is gaining popularity as a raw material for the production of polycarbonates, petrol additives, and cleaning solvents due to its biodegradability, polarity, and reactivity. Since it doesn’t produce harmful phenols or acids, it is an environmentally safe choice for building polycarbonates.
The size, share, and most recent developments of the dimethyl carbonate market are all thoroughly examined in the report. Grade, Application, and End-Use Industry were the three main market segments into which the research was divided. These major sectors were subsequently broken down into a number of sub-segments, which made it easier to comprehend the Dimethyl Carbonate market in greater detail. The Dimethyl Carbonate Market study offers a detailed analysis of growth factors, current opportunities, significant restraints, and impending problems, both segment- and region-specific. The SWOT analysis was employed to highlight the advantages and disadvantages of the major Dimethyl Carbonate Market participants.
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
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