Press release
Dimethyl Carbonate Market to Witness Huge Growth by Key Players: Ube Industries Ltd, Merck KGaA, Kowa Company Ltd
Global Dimethyl Carbonate Market 2021-2026, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market. An exclusive data offered in this report is collected by research and industry experts team.COVID-19 Impact On Dimethyl Carbonate Market by Application (Polycarbonate Synthesis, Battery Electrolyte, Solvents, Reagents), End-Use Industry (Plastics, Paints & Coatings, Pharmaceuticals), Grade (Industry, Pharmaceutical, Battery), Region - Global Forecast to 2026.
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The dimethyl carbonate market is projected to grow from USD 847 million in 2021 to USD 1,148 million by 2026, at a CAGR of 6.3% from 2021 to 2026.
The report provides a comprehensive analysis of company profiles listed below:
• Ube Industries Ltd. (Japan)
• Merck KGaA (Germany)
• Kowa Company Ltd. (Japan)
• Kishida Chemical Co. Ltd. (Japan)
• Shandong Shida Shenghua Chemical Group Co. Ltd. (China)
• Guangzhou Tinci Materials Technology Co. Ltd. (China)
• Haike Chemical Group (China)
• Arrow Chemical Group Corp. (China)
• Panax Etec (Korea)
Based on application, the battery electrolyte segment is projected to grow at the highest CAGR during the forecast period. With the rapid development in electric vehicles and other electronic products such as smartphones, tablets, and laptops, the demand for advanced batteries such as lithium-ion batteries has increased. To further improve the property of lithium-ion batteries, solvents consisting of organic carbonates such as propylene carbonate (PC) and ethylene carbonate (EC) who allow the dissolution of lithium salts, are widely used across industries.
“The battery grade segment is projected to grow at the highest CAGR during the forecast period.”
Based on grade, the battery grade segment is projected to grow at the highest CAGR during the forecast period. Dimethyl carbonate with purity above 99.9% is majorly used as an electrolyte in lithium-ion batteries. Various researchers have proved that the electrochemical performance of graphite anodes cycled against lithium metal in DMC electrolytes, containing 1 M LiPF6 is strongly dependent on the solvent purity.
“The dimethyl carbonate market in Asia Pacific is projected to grow the highest CAGR during the forecast period.”
The dimethyl carbonate market in Asia Pacific is projected to grow at the highest CAGR from 2019 to 2024. The growth of this market can be attributed to the rapid economic expansion of various countries and the increasing consumption of dimethyl carbonate in major industries, such as plastics, paints & coating, pharmaceutical, and batteries in the region.
Profile break-up of primary participants for the report:
• By Company Type: Tier 1 – 45%, Tier 2 – 22%, and Tier 3 – 33%
• By Designation: C-level Executives – 50%, Directors – 10%, and Others – 40%
• By Region: North America – 17%, Europe – 33%, Asia Pacific – 17%, South America – 8%, Middle East & Africa- 25%
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Competitive Landscape of Dimethyl Carbonate Market:
1 Overview
2 Market Share Analysis
3 Company Evaluation Matrix
3.1 Star
3.2 Emerging Leaders
3.3 Pervasive
3.4 Participants
4 Competitive Benchmarking
4.1 Company Application Footprint
4.2 Company End-Use Industry Footprint
4.3 Company Region Footprint
5 Competitive Leadership Mapping [Small And Medium-Sized Enterprises (Sme) Matrix]
5.1 Progressive Companies
5.2 Starting Blocks
5.3 Responsive Companies
5.4 Dynamic Companies
6 Competitive Scenario And Trends
6.1 Deals
6.2 Others
Research Coverage:
The report defines, segments, and projects the size of the dimethyl carbonate market based on application, end-use industry, grade, and region. It strategically profiles the key players and comprehensively analyzes their market share and core competencies. It also tracks and analyzes competitive developments, such as expansions, and joint-ventures undertaken by them in the market.
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