Dimethyl Carbonate Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Dimethyl Carbonate Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : May, 2020 | Chemical & Materials | PPT format

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Global Dimethyl Carbonate Market: Overview

Dimethyl carbonate (DMC) is a flammable, clear, and colorless liquid with a pleasant odor. Used as a methylating reagent and in the making of other chemicals, the compound is likely to witness growing demand over the next few years. It is also used in the cold sterilization of beverages, working against microorganisms that spoil beverages. Pharmaceuticals, polycarbonates, pesticides, and solvents can be some of the prominent application segments of the global dimethyl carbonate market. 

Recently, the production of dimethyl carbonate has undergone a favorable transition. Previously, phosgene was used to produce dimethyl carbonate, resulting in harmful by-products. However, the current use of methanol, oxygen, and carbon monoxide in the process of production is significantly less toxic and eco-friendly. In addition to these advantages, by the virtue of its biodegradable properties, the demand for green reagent is poised to soar in the coming years.

Global Dimethyl Carbonate Market: Key Trends

Sectors such as optical media, automotive, electronics, lighting, glazing, appliances, and medical have been exhibiting growing demand for dimethyl carbonate. Large scale construction activities increase the demand for paints and coatings that use dimethyl carbonate due to its exceptional solubility and cost-efficiency. As this product is a VOC-exempt solvent, the paints and coatings industry widely uses it as a carrier solvent.

On the other hand, tedious procedures for obtaining licenses might pose a threat to the growth of the market. Nevertheless, the high efficiency, advantageous properties, and technological advancement in the area of dimethyl carbonate is likely to bring forth substantial growth opportunities. Dimethyl carbonate can be viewed as an ideal alternative for ethanol, as it possesses lower toxicity, lower vapor pressure, and higher boiling point.

Global Dimethyl Carbonate Market: Market Potential

One of the major developments in the global dimethyl carbonate market is the collaboration of AkzoNobel with research institutes in 2015 to produce dimethyl carbonate through a catalyst, using carbon dioxide.

The expanding market for lithium-ion batteries worldwide is likely to present opportunities potential for growth. The growth in global battery market will lend a hand to the expansion of the global dimethyl carbonate market, as advanced batteries are deployed in smartphones, tablets, laptops, electric cars, and even planes. CATL, a leading company producing batteries, aims at extending its output to emerge as the largest producer in the U.S., leaving behind the joint production of Panasonic and Tesla Motors by the end of 2017.

The polycarbonate industry will also contribute towards the growth of the market. China-based Luxi Chemical, a leading company manufacturing polycarbonates, announced in December 2016 that it is planning to build two new production lines.

Global Dimethyl Carbonate Market: Regional Outlook

Based on geography, the global market for dimethyl carbonate can be segmented into Asia pacific, North America, Latin America, Europe, the Middle East, and Africa. North America, with the U.S. at the lead, appears to be dominating the regional milieu. The growth of this region can be attributed to the upgrading of public infrastructure coupled with government initiatives.

Asia Pacific has emerged as a regional market with great potential. The rising scope through applications in paints and coatings, automotive and electronics is expected to help the market achieve new heights. Moreover, the dimethyl carbonate markets in regions of Latin America, the Middle East, and Africa are slated for considerable growth.

Global Dimethyl Carbonate Market: Competitive Analysis

Some of the major companies operating in the global dimethyl carbonate market are HaiKe Chemical Group, BASF SE, Sigma-Aldrich, AkzoNobel, UBE Industries Limited, Tangshan Chaoyang Chemical, Alfa Aesar, Dongying City Longxing, EMD Millipore Corporation, Shandong Shida Shenghua Chemical Group Co., Ltd., and UBE Industries. Expansion of manufacturing capacities, development of a strong product portfolio, and catering to the unfulfilled needs of various regions are some of the chief concerns of numerous market players.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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