The report, titled “Dimethyl Carbonate Market Trends, Forecast, and Opportunity Analysis,” predicts that the market will reach USD YY% by 2029, growing at a high CAGR during the forecast period 2023-2030.
Dimethyl carbonate is primarily used as a precursor in the production of polycarbonates. Furthermore, dimethyl carbonate is used in the production of solvents such as paints and coatings, adhesives, and cleaning agents, as well as alternative fuel additives. Furthermore, due to the expansion of the global automotive industry, the battery segment is expected to see lucrative opportunities during the forecast period. Because of the country’s technological advancements, the trend is likely to continue during the forecast period. Polycarbonate demand is expected to rise in the near future as the region’s electronics industry expands rapidly.
Some of the dynamics that are projected to have a significant influence on the global arena:
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-Increased production of electric and hybrid electric vehicles will drive the Dimethyl carbonate market forward.
The automobile industry relies on improved batteries as a secondary power source because they increase vehicle efficiency while lowering fuel costs and pollution levels. Furthermore, some vehicles can run entirely or partially on batteries (electric vehicles and hybrid electric vehicles). The demand for lithium-ion batteries in automotive applications is expected to increase significantly due to the need for improved battery capacity, improved safety, and improved capacity retention after battery recycling.
The automotive industry is rapidly moving towards electrification. Automotive applications such as the deployment of start-stop systems, emergency call telematics, and electric fuel injections are driving the demand for advanced battery management systems that not only charge batteries safely, but are also long-lasting.
-Toxic nature of Dimethyl Carbonate Production:
Dimethyl carbonate is a versatile industrial chemical with numerous applications. It is primarily used in the production of polycarbonate, a type of plastic known for its optical transparency and impact resistance. Polycarbonates are used in a variety of applications, including industrial safety goggles, eye lenses, electrical insulation, aircraft windows, various parts of automobiles, and missile components. Dimethyl carbonate is in high demand due to its abundance and variety of applications. Although dimethyl carbonate is a green solvent, it is manufactured with toxic gases such as phosgene and carbon monoxide.
Dimethyl Carbonate Market Regional Analysis:
Due to large production of polycarbonate and diphenyl carbonate products in China, India, and countries in the ASEAN sub-region, where dimethyl carbonate is used as an intermediate and raw material, Asia Pacific accounted for a dominant share of the global dimethyl carbonate market in terms of consumption. China controls a sizable portion of the Asia Pacific dimethyl carbonate market.
Major Companies profiled in the Dimethyl Carbonate Market:
The global dimethyl carbonate market is competitive due to the large number of companies available to meet the rising demand. Some of the major players contributing to the segment’s growth are Ube Industries Ltd., Merck KGaA, Alfa Aesar, Tokyo Chemical Industry Co. Ltd, Kowa Company Ltd., Kishida Chemical Co. Ltd, Haihang Industry, Haike Chemical Group, Guangzhou Tinci Materials Technology Co., Ltd and Shandong Shida Shengua Chemical Group Co. Ltd.
Key Industry Developments:
Shiseido Company Limited’s Drunk Elephant brand expanded its product lines’ reach in September 2021 by presenting them to offline and online extreme beauty retailers. Along with Cocomino Glossing Shampoo, Cocomino Marula Cream Conditioner, and Wild Marula Tangle Spray, the product line includes skincare products.
In January 2021, Harry’s Labs, the incubator for Harry’s Inc., launched a new line of women’s scalp care products as part of a plan to help its parent company become a conglomerate.
The global dimethyl carbonate market can be segmented by grade, application, end-user and, region
Based on Grade the market is segmented into:
Based on Application the market is segmented into:
Based on End-user the market is segmented into:
Paints & coatings
Based on Region the market is segmented into:
Middle east, and africa
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