Press release
Global Dimethyl Carbonate (DMC) Market Outlook 2022
The global Dimethyl Carbonate market size was valued at US$ 849 million in 2020 and it is expected to reach US$ 1348.6 million by the end of 2027 growing at a CAGR of 6.8% during 2021-2027. Key drivers of the dimethyl carbonate market include the growing demand for polycarbonate in various end-user industries such as automotive, electronics, building & construction, etc. Moreover growing usage of Dimethyl Carbonate as a solvent in various industries is expected to drive the growth of the dimethyl carbonate market during the forecast period. Further, the chemical compound promises huge potential in the form of fuel additives which is going to create lucrative opportunities for the growth of the market in the coming years.
Dimethyl Carbonate Market Trends
Growing usage as polycarbonate in various end-user industries
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The rapid demand for polycarbonate across various industries will spur the growth of dimethyl carbonate. Polycarbonate has beneficial properties such as strength, thermal stability, chemical, and heat resistance dimensional stability. Due to growing smartphone usage, the rise in production of electric vehicles, and the widespread application of polycarbonate in various industries the demand for the dimethyl carbonate market is going to rise further during the forecast period.
Increasing use as a solvent
Dimethyl carbonate is non-toxic, biodegradable, and has high solvency. It has eco-friendly features which are used in paints and coatings, adhesives, cleaning agents, and as raw materials in organic chemicals. Dimethyl is also used as an electrolyte for producing Lithium-ion batteries, flavoring agents, and pesticides. Thus eco-friendly features and widespread application as a solvent in various industries will propel the growth of the dimethyl carbonate market during the forecast period.
Huge potential in the form of fuel additive
The rising potential of the product to replace ethanol as a fuel additive will draw significant attention in the coming years. It offers low toxicity, high oxygen content, low vapor pressure, high boiling point, and eco-friendly transportation fuel with low carbon emissions. Thus product manufacturers have ample opportunities to create dimethyl carbonate as a fuel additive in the future thereby accelerating the growth of the dimethyl carbonate market during the forecast period.
Dimethyl Carbonate Market Share Analysis
Based on region, the Asia-pacific segment is expected to provide lucrative opportunities for growth in the dimethyl carbonate market share with China being the major region holding a share of 55%. This is attributed to the rise in demand for polycarbonate and the growing need for lithium-ion batteries in the electrical and automotive industries.
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Based on application, the Polycarbonate segment is expected to provide lucrative opportunities for growth in the dimethyl carbonate market share due to the rising usage of polycarbonate in the automotive, electronics, and electrical appliances industries.
Dimethyl Carbonate Market By Type
Industrial Grade
Battery Grade
Dimethyl Carbonate Market By Application
Polycarbonate
Battery Solvent
Other Solvent
Pesticide
Others
Dimethyl Carbonate Market By Company
Sabic
LOTTE
Mitsubishi Chemical
UBE
Shida Shenghua
Tongling Jintai Chemical
Shandong Wells Chemicals
Hi-tech Spring
Shandong Depu Chemical
CNSG Anhui Redsifang
Liaoning Oxiranchem
Dimethyl Carbonate Market Production By Region
Korea
Europe
China
Japan
South Korea
Dimethyl Carbonate Market Consumption By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
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