Dimethyl Carbonate Market Production, Size, Top Key Players and Forecast to 2030

𝐃𝐢𝐦𝐞𝐭𝐡𝐲𝐥 𝐂𝐚𝐫𝐛𝐨𝐧𝐚𝐭𝐞 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧

In terms of value, the global dimethyl carbonate market is anticipated to expand at a CAGR of 5.4% 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.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞

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.

𝐆𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:  https://www.transparencymarketresearch.com/dimethyl-carbonate-market.html

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.

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.

𝐆𝐞𝐭 𝐏𝐃𝐅 𝐬𝐚𝐦𝐩𝐥𝐞 𝐟𝐨𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=8245 

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.

𝐂𝐥𝐢𝐜𝐤 𝐅𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=8245 

𝐆𝐥𝐨𝐛𝐚𝐥 𝐃𝐢𝐦𝐞𝐭𝐡𝐲𝐥 𝐂𝐚𝐫𝐛𝐨𝐧𝐚𝐭𝐞 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧

𝐃𝐢𝐦𝐞𝐭𝐡𝐲𝐥 𝐂𝐚𝐫𝐛𝐨𝐧𝐚𝐭𝐞 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐛𝐲 𝐆𝐫𝐚𝐝𝐞

Industrial

Battery

Pharmaceutical

𝐃𝐢𝐦𝐞𝐭𝐡𝐲𝐥 𝐂𝐚𝐫𝐛𝐨𝐧𝐚𝐭𝐞 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐛𝐲 𝐄𝐧𝐝 𝐔𝐬𝐞

Solvents

Paints & Coatings

Adhesives

Cleaning Agents & Others

Alternative Fuel Additives

Polycarbonate Production

Pharmaceuticals

Pesticides

Lithium-ion Batteries

Others

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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