Mon, 25 Sep 2023

The global dimethyl carbonate market is projected to expand at a 5.8% CAGR over the assessment period, reaching US$ 954.1 Mn by 2032. Increasing demand for battery materials owing to rising electric vehicle sales is expected to remain a key growth driver for sales of dimethyl carbonate.

Dimethyl carbonate is one of the key organic solvents and a chemical intermediate used in downstream applications. In addition to the conventional applications of dimethyl carbonate such as polycarbonate production, adhesives, sealants, coatings, etc. lithium battery electrolyte segment is gaining traction in the market.

The battery electrolyte segment is expected to witness a significant growth owing to increasing applications. Industrial grade methyl carbonate is relatively a less pure grade of DMC and is mainly used in traditional downstream applications and for the manufacturing of polycarbonates, whereas battery grades are comparatively of high purity and are used in lithium batteries electrolyte.

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An increase in the preference for green or renewable chemicals is expected to boost sales of methylating agent in the forthcoming years, thereby augmenting the growth in the market.

"Growing demand for polycarbonate for the production of safety helmets, bulletproof glass, roofing and glazing, and others are expected to propel the consumption of dimethyl carbonate over the forecast period," says an FMI analyst.

Key Takeaways:

  • More than 50% of dimethyl carbonate to be consumed for the production of polycarbonate throughout the forecast period.
  • The battery-grade segment is anticipated to witness a growth at a 6.7% CAGR over the forecast period.
  • The U.S. will hold 89% of the North America dimethyl carbonate market share through 2032.
  • Sales of dimethyl carbonate in China will increase by 6.4% year-over-year.
  • The South Asia and Pacific dimethyl carbonate market will offer an incremental dollar opportunity of US$ 71.6 Mn.

Competitive Landscape

Ube Industries Ltd., Shandong Shida Shenghua Chemical Group Co. Ltd., Kowa Company Ltd., Kishida Chemical Co. Ltd., Haike Chemical Group, Zhejiang Petrochemical Co., Ltd., Guangzhou Tinci Materials Technology Co. Ltd., Hefei TNJ Chemical Industry Co., Ltd., Tangshan Chaoyang Chemical Co., Ltd., Qingdao Aspirit Chemical Co., Ltd., Kindun Chemical Co., Limited, Henan GP Chemicals Co. Ltd., Aceto Corporation, Connect Chemicals, Silver Fern Chemicals, Balaji Amines, are some of the leading manufacturers of dimethyl carbonate.

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Dimethyl Carbonate Market Segmentation

By Grade:

  • Industry Grade
  • Pharmaceutical Grade
  • Battery Grade

By Application:

  • Polycarbonate Synthesis
  • Battery Electrolyte
  • Solvents
  • Reagents
  • Fuel Additives
  • Electrolyte
  • Others

By End Use:

  • Plastics
  • Paints & Coating
  • Pharmaceutical
  • Battery
  • Agrochemicals
  • Adhesives & Sealants
  • Electronics
  • Others

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More Insights into the Dimethyl carbonate Market Report

In its latest report, FMI offers an unbiased analysis of the global dimethyl carbonate market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022-to 2032. To understand the global market potential, growth, and scope, the market is segmented based on grade, application, end-use, and region.

Explore FMI's Extensive ongoing Coverage on Chemicals & Materials Domain

Lauryl Dimethyl Amine Oxide Market: Lauryl dimethyl amine oxide is a type fatty amine derivative. Lauryl dimethyl amine oxide is also known as N-lauryl-N,N-dimethylamine oxide, dodecyl dimethylamine oxide (DDAO) and N,N-Dimethyl-1-Dodecylamine N-Oxide.

Magnesium Carbonate Market: The global magnesium carbonate market was valued at around US$ 267.3 Mn in 2021, registering Y-O-Y growth of 4.4%. Magnesium carbonate sales are projected to increase at a CAGR of 4.7% by 2032.

Carbonate Minerals Market: Demand in the carbonate minerals market is projected to grow at a CAGR of 6.0% between 2022 and 2029. Future Market Insights (FMI) forecasts the market value to top US$ 53,564.0 Mn in 2022.

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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The post Dimethyl Carbonate Market is Reaching US$ 954.1 Mn at a Gracious Rate of 5.8% by the year 2032 appeared first on Future Market Insights.

Original Source of the original story >> Dimethyl Carbonate Market is Reaching US$ 954.1 Mn at a Gracious Rate of 5.8% by the year 2032

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