According to a new market research report published by sheer analytics and insights, “The Global Dimethyl Carbonate Market was $710.0 Bn in 2020, and it is expected to reach $1156.30 Bn by 2028″. It is eventually growing at a commendable high compound of annual growth rate CAGR of 6.3% between 2020–2028, as per the latest market research report titled Global Dimethyl Carbonate Market (By Grade– Industrial Grade, Pharmaceutical Grade, and Battery Grade. By Applications — Polycarbonate, Fuel Additive, Solvents, Pharmaceuticals, Lithium-Ion Battery, Pesticides, and Others. By Geography– North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)– Global industry analysis, size, share, growth, trends, and forecast, 2020–2028.
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Dimethyl Carbonates is a non-toxic inorganic compound having chemical formula OC(OCH3)2. It is a colorless liquid substance and used for the production of polycarbonate. It is also an eco-friendly and biodegradable chemical that makes it a perfect fit for the chemical industry. Moreover, it is also used in the production of paints & coatings, fuel additives, adhesives, and cleaning agents. The Dimethyl Carbonate Market is primarily driven by the increasing demand for polycarbonates, and lithium-ion batteries from electronics and automotive industries. Dimethyl Carbonate is used in the production of polycarbonate. Moreover, increasing concerns for eco-friendly production of thermoplastics and stringent regulations to protect environmental health is also contributes towards the growth of the dimethyl carbonate market over the forecast period. However, high production costs and fluctuation in prices of raw materials are some of the factors that may hamper the market growth up to some extent over the forecast period. Apart from this, the rising demand for lithium-ion batteries across the automotive and electronics industries is projected to offer a lucrative opportunity for the growth of Dimethyl Carbonate Market over the forecast period from 2020 to 2028. The Dimethyl Carbonate Market is divided into global regions like North America, Europe, Asia- Pacific, Latin America, Middle East, and Africa.
Major Players in Global Dimethyl Carbonate Market
Some of the key players in the global Dimethyl Carbonate Market include Ube Industries Ltd, Merck KGaA, Kowa Company Ltd., Kishida Chemical Co. Ltd., BASF SE, Akzo Nobel N.V., Alfa Aesar, Dongying City Longxing Chemical Co., Ltd., HaiKe Chemical Group, Tokyo Chemical Industry Co., Ltd, and Shandong Feiyang Chemical Co., Ltd.
The Global Dimethyl Carbonate Market Has Been Segmented into:
By Grade Type
- Industrial Grade
- Pharmaceutical Grade
- Battery Grade
By Applications Type
- Fuel Additive
- Solvents (Paints, Adhesives, Cleaning Agents and Others)
- Lithium-Ion Battery
By Geography Type
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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