Dimethyl Carbonate Market 2021 Analysis Of Industry Strengths And Challenges During The COVID-19

Precision Business Insights published a research report on “Dimethyl Carbonate Market: By Application (Solvent, Additive, Polycarbonate, Electrolyte & Others), and Geography - Global/Region/Country Forecast to 2027".

Dimethyl carbonate is a multifunctional chemical with quick biodegradability and low toxicity. Dimethyl carbonate is made in a variety of ways, but the most common is from co2 and methanol, which is used by numerous businesses. It's been used to make polyurethane, polycarbonate, pharmaceuticals, and agricultural products as an intermediary. DMC is a chemical with a wide range of uses. It's mostly polymerized to make polycarbonates, which are a type of plastic recognized for their impact resistance, optical clarity, and high dielectric strength. Traditional DMC production techniques require the usage of poisonous gases such as carbon monoxide and phosgene, as well as the generation of dangerous byproducts such as sodium chloride. This aspect may limit the DMC market's growth.

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Dimethyl carbonate is a key raw material for the production of polycarbonate, and it's also utilized as a fuel additive and a cleaning agent due to its polarity, biodegradability, and reactivity. Furthermore, the market is growing due to rising demand for paints and coatings. Furthermore, the industry is expected to rise due to the green synthesis of dimethyl carbonate from carbon dioxide. Furthermore, due to logistical disruptions, an epidemic of COVID-19 has had a detrimental influence on the Dimethyl Carbonate Market. Nevertheless, the market's growth is being stifled by allowing requirements for producing dimethyl carbonate and a failure to utilize new technologies to build desirable manufacturing processes. However, the increased demand for dimethyl carbonate as an electrolyte in lithium-ion batteries is likely to create significant opportunities throughout the projected timeframe. Furthermore, the use of very hazardous raw materials in DMC synthesis limits market expansion.

The Global Dimethyl Carbonate Market is categorized in terms of Application, End-User, and Geography. In terms of Application, the market is fragmented into Battery Electrolyte, Polycarbonate Synthesis, Reagents, Solvents, and Others. In terms of End-User, the market is segregated into Paints & Coating, Plastics, Battery, Pharmaceutical, Agrochemicals, and Others.

Asia Pacific accounted for a significant portion of the worldwide dimethyl carbonate market in terms of the volume in 2019. Owing to the rise expansion in the use of polycarbonates in Asia Pacific, demand for dimethyl carbonate is expected to rise during the projected timeframe. Due to rising demand for dimethyl carbonate in different end-use applications also including paints & coatings, adhesives, cleaning agents, insecticides, and lithium-ion batteries in Asia Pacific, the market is expected to continue to grow at a quick pace during the forecast period.

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There are some major players working in dimethyl carbonate market, which include UBE INDUSTRIES, LTD., Dongying City Lonxing Chemical Co., Ltd, Shadong Shida Shenghua Chemical Group Co., Ltd., TOKYO CHEMICAL INDUSTRY CO., LTD., Millipore Sigma, HaiKe Chemical Group, Arrow Chemical Group Corp., Alfa Aesar (Thermo Fisher Scientific), Shrieve

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