Press release
Dimethyl Carbonate Market Insights on Trends, Drivers and Opportunities by 2022 & key players - Tangshan Chaoyang Chemical Co.Ltd., Alfa Aesar, Dongying City Longxing Chemical Co., Ltd.,Shandong ShidaShenghua Chemical Group Co., Ltd.
Dimethyl Carbonate Market was valued at USD 935 million in 2016 and projected to reach USD 1,102 Million by 2022 growing at a CAGR of 3.15% during the forecast period 2018 to 2022.
Dimethyl Carbonate Market Overview:
The Dimethyl carbonate market is promising a steady pace throughout the forecast period. Dimethyl carbonate is an eco-friendly agent and most of the uses of this compound are found as methylating agent. For industrial purpose, the process undergoes transesterification of ethylene carbonate or propylene carbonate and methanol which produce dimethyl carbonate. It exhibits superior properties like low toxicity, which propel its utilization in the place of other reagents like iodomethane and dimethyl sulfate. The dimethyl carbonate will get freeze at temperature similar to that of regular water.
Browse details of 129 number of pages research report developed on Dimethyl Carbonate Market @ https://www.researchcosmos.com/reports/global-dimethyl-carbonate-dmc-market-report-2017-industry-analysis-trends-and-market-overview/9731785
Dimethyl Carbonate Market Growth Drivers and Restraints:
The shifting trend towards dimethyl carbonate as replacements of benezene, xyelene, ethyl and acetone in many chemical industries is certainly a major driving factor for the market to grow. The growing awareness towards the environment safety measures is also additionally accelerating the growth of the market. However, the lack of standardization and the lack of knowledge in preparation process are slightly hindering the growth of the market. Along with this, the market is also facing challenging factors over following precautions in manufacturing process, which leads to harmful effects.
Emerging of advanced technology in developing the applications of this compound and also increasing utilization of this compound in varied industries seems good for the growth opportunities of the market in the near future. As dimethyl carbonate is bio-degradable organic compound, the government support for this compound is also an attribute ascribed to surge the growth of the market.The dimethyl carbonate has significant applications mostly in the pharmaceuticals sector and it is accounted to lead the market shares.
Geographical Insights of the Dimethyl Carbonate Market:
Asia Pacific is anticipated to lead the dominant shares of the market. The adoption of the advanced technology and maintaining easy manufacturing process by taking safety precautions are boosting up the market shares in this region. Following Asia Pacific, North America is holding the prominent shares due to the increased chemical industries and utilization of this compound as solvent due to its low toxicity property. Europe and Middle East & Africa are expected to have fastest growth rate in the foreseen years.
Ask Free Sample of the report @ https://www.researchcosmos.com/request/dimethyl-carbonate-market-analysis-by-product-type-methanol-transesterification-method-gas-phase/9731785
Key Players of the Dimethyl Carbonate Market:
The key players involved in the dimethyl carbonate market are BASF SE, Akzo Nobel N.V., Tangshan Chaoyang Chemical Co.Ltd., Alfa Aesar, Dongying City Longxing Chemical Co., Ltd.,Shandong ShidaShenghua Chemical Group Co., Ltd, UBE INDUSTRIES LTD, Merck KGaA, HaiKe Chemical Group, TonglingJintai Chemical Industrial Co., ltd andIRO GROUP INC. Ltd.
Dimethyl Carbonate Market Key Segmentation:
By Product Type:
• Methanol
• Transesterification method
• Gas-phase oxidation carbonylation
By End-User:
• Pharmaceuticals
• Pesticides
• Alternative Fuel Additives
• Polycarbonates
By Region:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa
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