Dimethyl Carbonate Market Global Industry Report, 2030
In terms of value, the global dimethyl carbonate market is anticipated to expand at a CAGR of ~5% from 2020 to 2030. Dimethyl carbonate is primarily used as an intermediate in the manufacture of polycarbonates. Moreover, application of dimethyl carbonate lies in its usage in the manufacture of solvents such as paints & coatings, adhesives, and cleaning agents as well as alternative fuel additives. Additionally, the battery segment is estimated to witness lucrative opportunities during the forecast period, owing to growth of the global automotive industry.
Increase in Production of Electric and Hybrid Electric Vehicles to Boost Dimethyl Carbonate Market
The automobile industry relies on improved batteries as a secondary power source, as use of batteries increases the efficiency of vehicles and decreases the cost of fuel and the level of pollution. Furthermore, some vehicles can be operated fully or partly on batteries (electric vehicles and hybrid electric vehicles). The demand for lithium-ion batteries is expected to rise significantly in automotive applications, due to the requirement for improved capacity of batteries, better safety, and improved capacity retention after recycling of batteries. The automotive industry is moving toward electrification at a rapid pace. Automotive applications such as deployment of start-stop systems, emergency call telematics, and electric fuel injections are stimulating the need for advanced battery management systems that not only charge batteries in a safe manner, and are also durable.
To understand key trends, Download Sample Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=8245
Industrial to be Leading Grade Segment of Dimethyl Carbonate Market
Among grades, the industrial segment is projected to expand at a CAGR of more than 5% during the forecast period. This can be ascribed to growth of the chemical manufacturing industry as well as rise in the consumption of dimethyl carbonate in various applications in the construction industry. Over the past few years, the demand for industrial-grade dimethyl carbonate in the U.S. has been rising significantly. The trend is likely to continue during the forecast period, owing to technological advancements in the country. Demand for polycarbonates in the U.S. is expected to rise in the near future, owing to rapid growth of the electronics industry in the region.
Polycarbonate Production to be Dominant in Dimethyl Carbonate Market
Based on end use, the global dimethyl carbonate market has been segregated into solvents (paints & coatings, adhesives, and cleaning agents), alternative fuel additives, polycarbonate production, pharmaceuticals, pesticides, lithium-ion batteries, and others. In terms of consumption, polycarbonate production was the leading end use segment of the global dimethyl carbonate market in 2019. This trend is expected to continue in the near future also. Consumption of dimethyl carbonate in polycarbonate manufacture in developed as well as developing countries is considerably high. Dimethyl carbonate serves as an eco-friendly alternative for phosgene and toxic methylating agents, such as dimethyl sulfate and methyl chloride. Additionally, dimethyl carbonate can replace ethanol in gasoline applications.
Asia Pacific to be Lucrative Region of Dimethyl Carbonate Market
In terms of consumption, Asia Pacific accounted for a dominant share of the global dimethyl carbonate market in 2019, due to large production of polycarbonate and diphenyl carbonate products in China, India, and countries in the ASEAN sub-region, where dimethyl carbonate is used as an intermediate and a raw material. China constitutes a major share of the dimethyl carbonate market in Asia Pacific. Numerous small- and medium-sized manufacturers of dimethyl carbonate are located in China. The country exports a majority of its products to developed as well as developing economies. The demand for chemicals (solvents) in developing economies of Asia Pacific is anticipated to increase during the forecast period, due to rise in the demand from end user industries, such as adhesives and paints & coatings, in the region.
The global dimethyl carbonate market is highly fragmented. The top players such as UBE Industries, Shandong Shida Shenghua Chemical Co., Ltd., Tokyo Chemical Industry Co., Ltd., and Alfa Aesar cumulatively held more than 35% share of the global market in 2019. Key manufacturers operating in the global dimethyl carbonate market are Shandong Haike Chemical Group Co., Ltd., KOWA American Corporation, Shandong Wells Chemicals Co. Ltd., Hebei New Chaoyang Chemical Stock Co., Ltd., Qingdao Aspirit Chemical Co., Ltd., Shandong Depu Chemical Industry Science & Technology Co., Ltd., Dongying City Longxing Chemical Co., Ltd., Shandong Feiyang Chemical Co., Ltd. Kindun Chemical Co., Limited, Dongying Hi-tech Spring Chemical Industry Co., Ltd, and Hefei TNJ Chemical Industry Co., Ltd.
Global Dimethyl Carbonate Market: Segmentation
Dimethyl Carbonate Market, by Grade
Dimethyl Carbonate Market, by End Use
o Paints & Coatings
o Cleaning Agents & Others
Alternative Fuel Additives
Dimethyl Carbonate Market, by Region
o Rest of Europe
o Rest of Asia Pacific
o Rest of Latin America
Middle East & Africa
o GCC Countries
o South Africa
o Rest of Middle East & Africa
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Dimethyl Carbonate Market Global Industry Report, 2030 here
News-ID: 2056263 • Views: 264
More Releases from Transparency Market Research
Modernization and Technological Upgrades to Invite Expansive Growth Opportunitie …
The airport runway FOD systems market is anticipated to grow at a promising CAGR across the assessment period of 2019-2027 on the back of the rising incidents of aircraft damage due to foreign objects on the runway. This is a grave problem that needs to be addressed by every airport across the globe. According to Boeing, foreign object debris (FOD) accounts for US$4 bn in damage to engines and aircraft
Market Intelligence Report on Calcite Market, 2018-2028
Sales of calcite have witnessed utter proliferation in recent time, in line with the growing demand from paper and pulp sector wherein calcite is highly adopted as a coating and filler material. According to Transparency Market Research analysis, global calcite market is anticipated to register 4.7% CAGR during the study period 2018–2028. The TMR report opines that demand for calcite is highly driven by its significant properties that are paving way
Pearlescent Pigments Market Intelligence Report Offers Growth Prospects
The demand within the global pearlescent pigment market is slated to rise as new creative avenues emerge in the art and craft industry. Several artists have increased the consumption of pearlescent pigments, mainly due to the aesthetic value of these pigments in art forms. The use of these pigments can majorly be attributed to the gloss and shine imparted by these pigments to the design or craft. These pigments exhibit
Aragonite Market to Witness Steady Growth During the Forecast Period 2018-2026
Global Aragonite Market: Overview Aragonite is a carbonate mineral having an orthorhombic crystal system, and very closely resembles calcite. It is considered as the purest form of calcium carbonate. The mineral has garnered wide popularity as gemstone in various parts of the world and has promising healing properties with energy enhancing powers. Aragonite contains traces of magnesium and sand inclusion but rich in calcium carbonate, and is alkaline in nature. It
More Releases for Chemical
Chemical Logistics Market
This Market report studies current as well as future aspects of based upon factors such as market trends, key player, and market demand and segmentation analysis. Apart from the above elements, the Chemical Logistics Market research report provides detail overview of the industry with geographic segmentation, statistical forecast to 2025. Chemical Logistics Industry report studies current as well as future aspects of based upon factors such as market trends, key player,
Bulk Chemical Packaging Market
Expanding at a robust growth rate of 6.8 percent, the global demand for bulk chemical packaging is estimated to reach a valuation of approximately US$ 10.7 Billion, in 2019, as per a recently published study Future Market Insights (FMI) on the global packaging landscape for bulk chemicals. Bulk chemicals, also called commodity chemicals, have witnessed a surge in demand given its wide application in a host of end-use industries such
Chemical Agricultural Colorants Market
This report studies the global Chemical Agricultural Colorants market status and forecast, categorizes the global Chemical Agricultural Colorants market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, India, Southeast Asia and other regions (Central & South America, and Middle East & Africa). Chemical Agricultural Colorants is a class of colorants used in seed, fertilizer, easy to
Industrial Sodium Nitrate Market Increasing Demand with Key Players: XuHang Chem …
Qyresearchreports include new market research report “Global Industrial Sodium Nitrate Market Professional Survey Report 2018” to its huge collection of research reports. This report focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering SQM Hualong Ammonium Nitrate XuHang Chemical FuYuan Chemical LuGuang Chemical YuanHua Chemical XinHao Chemical FengYuan Chemical Longsheng Jiaocheng Zhongyuan Chemical Jiaocheng MingXing Chemical Huaertai Chemical To Download Sample Report With TOC: https://www.qyresearchreports.com/sample/sample.php?rep_id=1649032&type=S On the basis of product, this report displays the production, revenue,
Zinc Sulphate Market Key Players Profiles and Analysis 2027: Lantian Chemical, L …
Market Research Future published a half cooked research report on “Global Zinc Sulphate Industry Market” – Market Analysis, Scope, Stake, Growth, Trends and Forecasts 2017-2027. Introduction: Market Research Future introduces about the Global Zinc Sulphate Market during the forecast period 2017-2027 which mainly includes the growth drivers, trends and restraints and how the market will grow in the future across the globe. In this report, Market Research Future has focused on
Global Nickel Naphthenate market 2017 - Minghuan Chemical, Zhang Ming Chemical, …
Apex Market Reports, recently published a detailed market research study focused on the "Nickel Naphthenate Market" across the global, regional and country level. The report provides 360° analysis of "Nickel Naphthenate Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Nickel Naphthenate industry, and estimates the future trend of Nickel Naphthenate market