Dimethyl Carbonate Market Trends, Share, Growth Insights, Size, Competitive Analysis, And Forecast To 2032 || Shandong Haike Chemical Industry Group Co. Ltd., Kowa American Corp., Shandong Wells Chemicals Co. Ltd

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Dimethyl Carbonate Global Market Report 2023 identifies the increased demand for lithium-ion batteries as the major driver for the dimethyl carbonate market's growth in the forecast period. The lithium-ion (Li-ion) battery is a modern technology that relies on lithium ions in its electrochemistry. Dimethyl carbonate is used as an electrolyte in lithium batteries to increase the octane number instead of MTBE (Methyl tart-butyl ether). For instance, in July 2021, according to an article published by the United Nations Department of Economic and Social Affairs, the Li-ion battery demand increased from 285 GWh in 2019 to 400 GWh in 2022. It is expected to reach 2,000 GWh in 2030, which is about 8% of the global energy supply.

The global dimethyl carbonate market size is expected to grow from $1.01 billion in 2022 to $1.07 billion in 2023 at a compound annual growth rate (CAGR) of 6.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The dimethyl carbonate market is expected to grow to $1.33 billion in 2027 at a CAGR of 5.6%.

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Major competitors in the dimethyl carbonate market are Shandong Haike Chemical Industry Group Co. Ltd., Kowa American Corp., Shandong Wells Chemicals Co. Ltd., Qingdao Aspirit Chemical Co. Ltd., Shandong Feiyang Chemical Co. Ltd., Haike Chemical Group, Kindun Chemical Co. Limited, Hefei TNJ Chemical Industry Co. Ltd.

A key trend in the dimethyl carbonate market includes product innovation. Major players in the dimethyl carbonate market are channelling their resources to develop innovative products to remain competitive in the market. For instance, in July 2021, Asahi Kasei, a Japan-based chemicals company, completed its first licensing deal for a technology package to produce high-purity ethylene carbonate (EC) and high-purity dimethyl carbonate (DMC), utilizing CO2 as one of the primary feedstocks.

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The dimethyl carbonate market is segmented -

• By Grade: Industry Grade (>99.0 weight %), Pharmaceutical Grade (>99.5 weight %), Battery Grade (>99.9 weight %)

• By Application: Polycarbonate Synthesis, Battery Electrolyte, Solvents, Reagents, Other Applications (Fuel Additives, Electrolyte for Supercapacitors, Electrolyte for Dye-synthesized Solar Cells)

• By End-Use Industry: Plastics, Paints and Coating, Pharmaceuticals, Battery, Agrochemicals, Other End-Use Industries (Adhesives & Sealants, Ink, Food & Beverages, and Energy)

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the dimethyl carbonate market.

The Business Research Company's "Global Dimethyl Carbonate Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Dimethyl Carbonate Market Include:
1. Executive Summary
2. Dimethyl Carbonate Market Characteristics
3. Dimethyl Carbonate Market Trends And Strategies
4. Dimethyl Carbonate Market - Macro Economic Scenario
5. Dimethyl Carbonate Market Size And Growth
……………
27. Dimethyl Carbonate Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Dimethyl Carbonate Market
29. Dimethyl Carbonate Market Future Outlook And Potential Analysis
30. Appendix

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