Dimethyl Carbonate (DMC) Market is anticipated to grow at a CAGR of 4.11% from 2020 to 2030.
Market Industry Reports (MIR) has published a new report titled “Dimethyl Carbonate (DMC) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020–2030.” According to the report, the global Dimethyl Carbonate (DMC) market accounted forover US$700million in 2019. It is anticipated to grow at a CAGR of 4.11% from2020 to 2030.
The growing use of DMC as a chemical intermediate for the synthesis of polycarbonate and chemical reagent for reactions of methylation & methoxycarbonylation are the major factors driving the market.Moreover, the increasing demand for DMC from South Korea, Japan, theU.S., and China to utilize it in the manufacture of paints & coatings and adhesives is another factor driving market growth. Also, its growing adoption in the manufacture of lithium-ion batteries is supplementing growth.
DMC has promising fuel additive properties such as non-hygroscopic nature,low toxicity,low vapor pressure, and a high boiling point, among others. Also, it consists of approximately three times more oxygen than methyl tertiary butyl ether. Thus, it can generate new growth opportunities for fuel additive applications in the future. DMCis not a petroleum derivative; it can also be prepared from air and natural gas. Hence, ithas the potential to lessen dependence on imported oils.
On the other hand, unstable prices of oil & gas, high production costs and the availability of alternatives are among factors that are hampering market growth.
Browse key industry insights spread across 160 pages with market data tables & figures & charts from the report, Dimethyl Carbonate (DMC) Market by Grade(Industry Grade, Battery Grade, and Pharmaceutical Grade), End-Use Industry (Plastics, Electronics, Pharmaceuticals, Agrochemicals, andPaints & Coatings) -Analysis & Forecast 2020-2030. in detail along with the table of contents:https://www.marketindustryreports.com/dimethyl-carbonate-dmc-market/311
Asia Pacific region is the largest producer as well as consumer of the dimethyl carbonate with China, Japan, India, and South Korea leading the market. Asia Pacific holds the largest market share owing to the presence of a high number of local manufacturers and extensive utilization of DMCinthe production of polycarbonate. Moreover, the growing utilization of dimethyl carbonate in lithium-ion batteries will further propel market growth in this region as China is one of the leading producers of these batteries.
Some of the prominent players in the DMC market include TCI AMERICA, KOWA AMERICAN CORPORATION, Alfa Aesar (Thermo Fisher Scientific Inc.), UBE INDUSTRIES,LTD., Shandong Shida Shenghua Chemical Co., Ltd., Dongying City Longxing Chemical Co., Ltd., and Chemceed, among others.
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