Dimethyl Carbonate Market Competitive Landscape, Growth Factors, Revenue Analysis to 2027

Dimethyl Carbonate Market Competitive Landscape, Growth Factors, Revenue Analysis to 2027

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The dimethyl carbonate market size is projected to reach US$536.4 million by 2027 after growing at a CAGR of 4.9% during 2022-2027.

HYDERABAD, TELANGANA, INDIA, September 21, 2022 /EINPresswire.com/ — Dimethyl carbonate market the size is projected to reach US$536.4 million by 2027, after growing at an average of 4.9% during 2022-2027. Diethyl carbonate (DMC), commonly classified as a carbonate ester, is a recognized solvent and environmentally friendly reagent that acts as an alternative to common solvents and chemicals. The growing use of DMC in the production of transparent and durable plastics such as high temperature resistant polycarbonates is driving market growth. In addition, due to its low water solubility, dimethyl carbonate offers a wide range of possible applications in paints and coatings, adhesives, and other applications. In addition, the expansion of R&D initiatives by dimethyl carbonate market participants to improve the efficiency of green chemistry will create opportunities for market growth.

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Main conclusions:

Areas highlighted in this IndustryARC Dimethyl Carbonate market report are:

1. Asia-Pacific has dominated the dimethyl carbonate market due to the growing growth of the automotive industry. For example, commercial vehicle sales rose 20% year-on-year to 5.23 million units in 2021, according to the International Trade Administration.

2. Increasing demand for lithium-ion batteries is one of the main drivers for the growth of the dimethyl carbonate market. For example, according to the Australian Trade and Investment Commission, global lithium-ion battery energy use is projected to rise from 70 gigawatt hours (GWh) in 2015 to 535 GWh by 2023.

3. For the foreseeable future, growing growth in the construction sector is expected to boost market growth as dimethyl carbonate is used as a solvent in the paint and coating industry, which is widely used in new buildings. For example, according to the International Trade Administration, China is the world’s largest construction market, with a projected CAGR of 8.6% between 2022 and 2030.

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Segment analysis:

1. Synthesis Polycarbonate occupied the largest share of the dimethyl carbonate market with a share of 28.3%, and is expected to maintain its dominant position from 2022 to 2027.

2. The automotive sector dominated the dimethyl carbonate market in 2021 and is projected to grow at a CAGR of 5.3% during 2022-2027.

3. Asia Pacific dominated the dimethyl carbonate market with a 45.3% share in 2021. The market in the region is experiencing expansion due to the growing use of lithium-ion batteries in the growing production of electric vehicles in emerging economies such as China, Japan. , and South Korea.

Competitive environment :

Top 5 Players in the Industry Click on the following link to buy Dimethyl Carbonate Market Report:
Industry –

1. Merck KGaA

2. Company Kova Ltd.

3. Ube Industries Ltd.

4. Guangzhou Tinci Materials Technology Co., Ltd.

5. Kishida Chemical Co. Ltd.

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Related reports:

A. Sodium Carbonate Market – Forecast (2022-2027)

https://www.industryarc.com/Report/16251/sodium-carbonate-market.html

B. Dimethyl Ether Market – Forecast (2022-2027)

https://www.industryarc.com/Report/17677/dimethyl-ether-market.html

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