Dimethyl Carbonate (DMC) Market Size, Industry Share | Forecast 2028

According to Precision Business Insights (PBI) latest report, the global dimethyl carbonate (dmc) market is expected to be worth USD 4,526.7 million in 2022, growing at a 7.9% CAGR from 2022 to 2028. Dimethyl carbonate is used as an electrolyte in lithium-ion batteries, driving up demand for laptops, computers, and cell phones, as well as hybrid and plug-in hybrid electric cars. Moreover, Because of its low vapor pressure, low toxicity, higher boiling point, non-hygroscopic, and totally miscible component, this product has the potential to replace ethanol as a gasoline additive, opening up new growth opportunities for product producers. When employed in transportation fuels, it also has appealing octane and emissions characteristics. As a result, if researchers and engineers develop an economically viable production process, it might be employed to produce an environmentally benign automotive fuel. These factors drive the global dimethyl carbonate (dmc) market.

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Paint and Coatings Application Segment Dominate the Dimethyl Carbonate (DMC) Market:
The paint and coatings Application segment is expected to account for a larger revenue share in the global dimethyl carbonate (dmc) market with value share worldwide and is projected to grow at 7.5% CAGR over 2022 and 2028. Paints and coatings are widely utilized for architectural protection and decoration in residential dwellings such as apartments, houses, and bungalows. Industrial coatings, specialty coatings, and architectural goods are also included. The product is a VOC-free solvent that can be utilized as a carrier solvent in the paints and coatings industry for various applications.

Asia Pacific Leads Dimethyl Carbonate (DMC) Market:
Asia Pacific is expected to hold the 32.3% market share in the global dimethyl carbonate (dmc) market in the forecast period, and it is projected to grow at a CAGR of 7.6% in the coming years. Due to the increasing demand for polycarbonate in the automotive and electronics industries in the region, Asia-Pacific is expected to be one of the main driving forces in the worldwide dimethyl carbonate market. One of the major factors driving the dimethyl carbonate market in the region is an increase in per capita income. Because of the widespread usage of environmentally acceptable chemicals as an intermediate, it is expected to grow significantly in the region.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global dimethyl carbonate (dmc) market further reveals that the key players increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gaining significant geographic presence across the region.

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The dimethyl carbonate (dmc) market is segmented based on application, end-user, and geography.
Based on the application, the market is segmented into the following:
• Polycarbonate
• Fuel Additive
• Solvent
• Lithium Battery
• Pharmaceuticals Pesticides
• Others

Based on the end user, the market is segmented into the following:
• Plastic
• Paints & Coatings
• Medical
• Electronics
• Agrochemicals
• Others

Based on geography, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• MEA

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Key player's profiles in the dimethyl carbonate (dmc) market report are Sabic, LOTTE, Mitsubishi Chemical, UBE, Shida Shenghua, Tongling Jintai Chemical, Shandong Wells Chemicals, Hi-tech Spring, Shandong Depu Chemical, CNSG Anhui Redsifang, and Liaoning Oxiranchem.

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