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GLOBAL TRADE IMPACT OF THE CORONAVIRUS Dimethyl Carbonate Market Demand, Production Growth, Top Key Players And Forecast To 2025|Chaoyang Chemical Co. Ltd., HaiKe Chemical Group, EMD Millipore Corporation, Alfa Aesar, Sigma-Aldrich Co

In 2015, Asia Pacific, particularly led by China, Indonesia and India China dominated the dimethyl carbonate market landscape. The robust regional growth can be attributed to the rise in number of end user applications, including electronics and construction, majorly due increasing consumer disposable income.

Dimethyl carbonate Market has been experiencing robust demand on account of its competitive price and environment friendly chemical regulations. The product also has the capability to work as an ethanol substitute or a fuel additive, primarily due to low vapor pressure, low toxicity and high boiling point.

The COVID-19 pandemic has left a raging impact worldwide, severely affecting business operations. Despite the grim current scenario, analysts predict that post the slowdown of the crisis, the market is likely to witness lucrative growth prospects. This report delivers a detailed evaluation of how COVID-19 has impacted the industry, the global economic downturn, and the latest trends characterizing the market at present.

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Top Companies
1. Akzo Nobel N.V.
2. UBE Industries Limited
3. Tangshan Chaoyang Chemical Co. Ltd.
4. HaiKe Chemical Group
5. EMD Millipore Corporation
6. Alfa Aesar
7. Sigma-Aldrich Co. LLC
8. Shandong Shida Shenghua Chemical Group Co. Ltd.
9. Dongying City Longxing
10. All-Chemie Ltd

Growth Drivers are
1. Robust growth in polycarbonate industry
2. Increasing product demand in paints & coatings

Driven by positive application outlook in various end-use industries including paints & coatings, electronics and automotive industry, dimethyl carbonate market is expected to showcase remarkable traction through 2024. In 2015, the global polycarbonate business accounted for a revenue of over USD 14 billion on account of expansive application in automotive and electronics industry and is expected to grow significantly over the coming years.

Dimethyl carbonate offers high light transmission, excellent electrical insulation, creep modulus, dimensional stability, thermal resistance and some PC physical characteristics which makes it ideal for the making of vehicle parts. Rapid expansion of automobile industry will boost the consumption of the material.

With increasing disposable incomes and enhanced living standards, populace across the globe is more inclined towards advanced electronic gadgets like tablets, ear-pods, smart-phones and many others. Growing adoption of dimethyl carbonate in the manufacturing of electronic gadgets including smart phones and other appliances is likely to stimulate business growth.

Also, dimethyl carbonate showcases valued added emission properties which makes making it appropriate for application in transportation fuel. Estimated suggest that global dimethyl carbonate market size will exceed USD 738.2 million in annual valuation by 2024.

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In 2015, the paints & coatings industry worldwide accounted for USD 110 billion in revenues and is expected to exceed USD 165 billion by 2024. The product also finds application in architectural coatings, steel drum linings, which may further stimulate the production of the compound. Dimethyl carbonate industry share from solvent applications is likely to gain profits at a rate of nearly 6% over through 2024.

Construction and real estate sector is rapidly evolving with growing demand for new infrastructure. This is further propelling the paints & coatings industry. Dimethyl carbonate is an economic product that offers superior solubility characteristics and is widely used as a solvent in paints. The product offers high evaporation rate, odor and solubility, making it suitable for usage in paints and coatings.

Dimethyl carbonate market expansion is likely to be affected due to requirement of its manufacturing technology which needs to undergo various checkpoints and pass the stringent guidelines formulated by the license providers. Difficulty in syncing with technology implementation will obstruct product penetration over the coming years.

Key Players are
Akzo Nobel N.V., UBE Industries Limited, Tangshan Chaoyang Chemical Co. Ltd., HaiKe Chemical Group, EMD Millipore Corporation, Alfa Aesar, Sigma-Aldrich Co. LLC, Shandong Shida Shenghua Chemical Group Co. Ltd., Dongying City Longxing, All-Chemie Ltd

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Contact Us

Contact Person: Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1 888-689-0688

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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