USD 1.03 billion
Report ID:
SQSG15D2001 |
Region:
Global |
Published Date: July, 2001
Pages:
157
|Tables:
102
|Figures:
76
Dimethyl Carbonate DMC Market size was valued at USD 1.03 billion in 2019 and is poised to grow from USD 1.1 billion in 2023 to USD 2.06 billion by 2031, growing at a CAGR of 7.2% in the forecast period (2024-2031).
Dimethyl Carbonate (DMC) is an eco-friendly and non-toxic organic molecule having the chemical formula OC (OCH3)2. Dimethyl Carbonate is a liquid that does not appear to be a distinct hue. Dimethyl Carbonate is a flammable carbonate ester that can be indexed. Dimethyl Carbonate can form quickly in organic solvents including ethers, alcohols, ketones, and others. Dimethyl carbonate is an interesting solvent and environmentally beneficial chemical agent. Polycarbonate is in high demand in a variety of industries, including electronics, automotive, building and construction, consumer goods, and medicine. Some of the factors driving the market growth for dimethyl carbonate are that it is an eco-friendly solvent that helps produce products that are quick biodegradable and non-toxic. Increased consumer affluence and spending on gadgets and autos enhances manufacturing of the plastic polymers utilized in this industry. Dimethyl carbonate is utilized in a variety of sectors and has a wide range of uses. Dimethyl carbonate is in high demand due to the number and range of uses. Toxic gases such as phosgene and carbon monoxide are used in traditional manufacture, producing dangerous by products such as sodium chloride. The majority of the product contains highly toxic compounds that, even in low concentrations, can cause death or serious health problems.
US Dimethyl Carbonate DMC Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 1.03 billion
Largest Segment
Polycarbonate synthesis
Fastest Growth
Polycarbonate synthesis
Growth Rate
7.2% CAGR
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Global dimethyl carbonate market is segmented based on end use, application, grade, and region. Based on end use Dimethyl Carbonate DMC Market is segmented into Plastics, Paints & Coating, Pharmaceuticals, Battery, Agrochemicals, Adhesives & Sealants, Ink, Food & Beverages, Energy, Others. Based on application Dimethyl Carbonate DMC Market is segmented into Polycarbonate synthesis, Battery electrolyte, Solvents, Reagents, Fuel additives, Electrolyte for supercapacitors, Electrolyte for Dye-synthesized solar cells, Others. Based on grade market is segmented into Industry grade (less than 99.0 weight %), Pharmaceutical grade (less than 99.5 weight %), Battery grade (less than 99.9 weight %). Based on region market is segmented into North America, Asia Pacific, Europe, Latin America and Middle East Africa.
Dimethyl Carbonate DMC Market Analysis by Application:
The polycarbonate synthesis segment held the most market share. In 2020, the polycarbonate synthesis segment accounted for the biggest proportion of the dimethyl carbonate market by application. Dimethyl carbonate is a chemical intermediary used in the production of polycarbonates. Polycarbonate is utilized as an engineering plastic material in industries such as automotive and electrical and electronics because of its exceptional physical features such as heat resistance, impact resistance, structural stability, and optical transparency. The increased demand for polycarbonate from the automotive and electrical and electronics industries is propelling the global market for dimethyl carbonate.
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Based on region global dimethyl carbonate market is segmented into North America, Asia Pacific, Europe, Latin America, and Middle East Africa.
Asia Pacific accounts for a significant share of the global dimethyl carbonate market. Demand for dimethyl carbonate in the Asia Pacific region is likely to rise over the forecast period due to a significant increase in the use of polycarbonates. Due to an increase in demand for dimethyl carbonate in various end-use applications such as cleaning agents, paints and coatings, pesticides, adhesives, and lithium-ion batteries in the region, the dimethyl carbonate market in Asia Pacific is expected to grow at a promising rate during the forecast period. The region's dimethyl carbonate market is dominated by India, China, South Korea, and Japan. In China, Thailand, Japan, and Taiwan, dimethyl carbonate is mostly utilized in the production of polycarbonates, whereas in India, it is primarily used in the pharmaceutical, paints & coatings, and agrochemical industries to make diverse products such as medications, paints, and pesticides.
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Dimethyl Carbonate DMC Market Drivers
Dimethyl Carbonate DMC Market Restraint
Stringent regulations
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The global dimethyl carbonate market is fragmented, the prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective and customized solutions for students.
Top Players in the Global Dimethyl Carbonate Market
Dimethyl Carbonate DMC Market Recent Developments
DMC can be used as an alternate oxygenated fuel additive.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global dimethyl carbonate market analysis, rising demand from a range of sectors is driving the expansion of the dimethyl carbonate market. Furthermore, the environmentally friendly synthesis of dimethyl carbonate from carbon dioxide is projected to drive market growth.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 1.03 billion |
Market size value in 2031 | USD 2.06 billion |
Growth Rate | 7.2% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
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Historical Year | 2019 |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Dimethyl Carbonate DMC Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Dimethyl Carbonate DMC Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Dimethyl Carbonate DMC Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Dimethyl Carbonate DMC Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Dimethyl Carbonate DMC Market size was valued at USD 1.03 billion in 2019 and is poised to grow from USD 1.1 billion in 2023 to USD 2.06 billion by 2031, growing at a CAGR of 7.2% in the forecast period (2024-2031).
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Report ID: SQSG15D2001
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