Press release
Dimethyl Oxalate Market to reach a value of US$ 946.6 Mn by the end of 2032 | PMR study
Dimethyl Oxalate Market
A new report by Persistence Market Research reveals that the global dimethyl oxalate market is currently valued at US$ 571.4 Mn, after having registered Y-o-Y growth of 4.9%. Demand for dimethyl oxalate is projected to increase at a value CAGR of 5.2% to reach a market size of US$ 946.6 Mn by the end of 2032.
The Dimethyl Oxalate market is a rapidly-growing sector that has seen considerable growth in the past few years. Dimethyl oxalate (DMO) is a chemical compound that has many uses in different industries, such as agriculture, cosmetics, and pharmaceuticals. It is an important precursor to other chemicals used in these industries as well as a valuable solvent for extraction and purification processes. Dimethyl oxalate is also used in the production of polymers, adhesives and coatings.
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Key Companies-
• UBE Corporation
• Merck KGaA
• Connect Chemical GmbH
• Nanjing Chegyi Chemical Co. Ltd.
• HefeiTNJ Chemical Industry Co. Ltd.
• Mudanjiang Fengda Chemical Corporation
• Zhonglan Industry Co. Ltd.
• Ningbo Jiasi Chemical Co. Ltd.
• Changzhou Yetai Fine Chemicals Research Institute Co. Ltd.
• Other Key Players
The report on Dimethyl Oxalate Market provided based on the recent developments and data that has been collated from the previous year's looks to provide a thorough understanding. The market overview provided in the initial section looks to provide the reader with adequate information regarding the product and services. It focuses on the market definition along with the product applications and end-user industries. The report covers a period spanning from 2022 to 2030. Competitive analysis and prominent industry trends have been included in the in-depth study provided in the main section of the report.
Market Dynamics
Factors affecting Dimethyl Oxalate Market have been studied in a detailed fashion to give a better understanding regarding the current status and the prospects. The various economic and demographic factors that influence the market have been presented in the study. The impact of important markers such as pricing, demand and supply, and population levels have been studied in this report. The forecast regarding Dimethyl Oxalate Market extending up to the year 2030 has been provided based on the conclusions from the aforementioned factors.
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Key Segments Covered in Research
by Grade:
• Pharma Grade Dimethyl Oxalate
• Industrial Grade Dimethyl Oxalate
by Application:
• Pharmaceuticals
• Agrochemicals
• Plasticizers and Solvents
• Metal Processing
• Textile
• Others
by Region:
• North America Dimethyl Oxalate Market
• Latin America Dimethyl Oxalate Market
• Europe Dimethyl Oxalate Market
• East Asia Dimethyl Oxalate Market
• South Asia & Pacific Dimethyl Oxalate Market
• Middle East & Africa Dimethyl Oxalate Market
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Key Takeaways from Market Study
• East Asia is expected to remain one of the fastest growing regional markets at 5.2% CAGR over the projected period (2022-2032).
• By end use, the agrochemicals segment is anticipated to create an incremental dollar opportunity of over US$ 27 Bn by 2032.
• Production of APIs is expected to consume 55,184.9 million tons of dimethyl oxalate in East Asia.
• Plasticizer and solvent sales are expected to witness a growth rate of 4.3% on a volume basis.
• East Asia is estimated to account for 33.4% share of the global volume consumption of dimethyl oxalate.
"Excellent potential of dimethyl oxalate for direct oxidation fuel cells will create more market opportunities over the coming years," says a Persistence Market Research analyst.
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