PUBLISHER: SkyQuest | PRODUCT CODE: 1250111
PUBLISHER: SkyQuest | PRODUCT CODE: 1250111
Global dimethyl carbonate market was valued at USD 392.1 million in 2021 and it is expected to reach at USD 641 million by 2028, with CAGR of 5.7% over forecast period (2022-2028).
The global dimethyl carbonate (DMC) market is a rapidly growing market that deals with the production and distribution of dimethyl carbonate, a chemical compound with a wide range of applications. DMC is a colorless, flammable liquid that is primarily used as a solvent for a variety of industries such as chemicals, pharmaceuticals, and electronics. DMC has several advantages over traditional solvents such as lower toxicity, higher boiling point, and lower vapor pressure, making it a popular choice in various applications. The market for DMC is driven by factors such as increasing demand for environmentally friendly and sustainable products, growing use of DMC as a substitute for harmful solvents, and rising demand for polycarbonate in the automotive and construction industries.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global dimethyl carbonate market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Segments covered in this report
Global dimethyl carbonate market is segmented based on end use, application, grade, and region. Based on end use market is segmented into Plastics, Paints & Coating, Pharmaceuticals, Battery, Agrochemicals, Adhesives & Sealants, Ink, Food & Beverages, Energy, Others. Based on application 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.
Driver
One of the primary drivers of the global dimethyl carbonate market is the increasing demand from the polycarbonate industry. Dimethyl carbonate is used as a raw material in the production of polycarbonate, which is a high-performance thermoplastic used in various applications such as automotive parts, electronic components, and construction materials. With the increasing demand for polycarbonate products, there is a corresponding increase in demand for dimethyl carbonate, which is driving the growth of the global dimethyl carbonate market.
Restraint
Dimethyl carbonate is considered to be a hazardous substance that can pose risks to human health and the environment if not handled properly. Exposure to high concentrations of dimethyl carbonate can cause respiratory irritation, nausea, and headaches, among other health effects. This can lead to stricter regulations and safety standards for its production, storage, and transportation, which can increase costs and limit the growth of the market.
Market Trends
One of the major trends in the global dimethyl carbonate market is the increasing focus on bio-based dimethyl carbonate. Bio-based dimethyl carbonate is produced from renewable resources such as biomass, which makes it a sustainable and eco-friendly alternative to traditional dimethyl carbonate. With the increasing demand for sustainable products and the need to reduce carbon footprint, there is a growing interest in bio-based dimethyl carbonate. This trend is expected to drive the growth of the global dimethyl carbonate market in the coming years.