CHICAGO, April 12, 2024 /PRNewswire/ -- The report "Dimethyl Carbonate Market by Application (Polycarbonate Synthesis, Battery Electrolyte, Solvents, Reagents), End-Use Industry (Plastics, Paints & Coatings, Pharmaceuticals), Grade (Industry, Pharmaceutical, Battery), and Region - Global Forecast to 2028", size is projected to grow from USD 1.1 billion in 2023 and reach USD 1.9 billion by 2028, at a CAGR of 12.7% from 2023 to 2028. The demand for dimethyl carbonate as a key ingredient in battery electrolytes is experiencing significant growth. The expanding market for electric vehicles and renewable energy technologies further drives the growth of the DMC market are the key drivers for the dimethyl carbonate market.
Browse in-depth TOC on "Dimethyl Carbonate Market"
564 - Tables
49 - Figures
367 - Pages
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=24544228
Polycarbonate synthesis is estimated to hold the most significant share of the global dimethyl carbonate market by application.
By application, polycarbonate synthesis is estimated to dominate the dimethyl carbonate market globally. Polycarbonate derived from DMC offers excellent mechanical properties, optical clarity, and thermal resistance, meeting the stringent performance requirements of modern applications. As a result, manufacturers are increasingly turning to DMC-based polycarbonates to meet market demands for high-quality and eco-friendly materials. This factor is expected to fuel the overall market.
By end-use industry, the plastic segment will lead the dimethyl carbonate market during the forecast period.
In terms of end-use industry, the plastic segment is anticipated to hold the leading position in the dimethyl carbonate industry. The plastic segment in the dimethyl carbonate market is witnessing growth fueled by increasing demand for eco-friendly polycarbonates, advancements in material science and technology, and a focus on circular economy principles. As industries strive to meet sustainability goals and regulatory requirements, DMC-based plastics offer a promising solution for developing environmentally friendly and high-performance plastic materials.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=24544228
By grade, the industrial grade segment will lead the dimethyl carbonate market during the forecast period.
Regarding grade, the industrial grade segment is anticipated to lead in the dimethyl carbonate industry. Dimethyl carbonate is considered a greener alternative to many traditional solvents and methylating agents due to its low toxicity, biodegradability, and minimal environmental impact. This factor is anticipated to contribute the growth of dimethyl carbonate market in various industries.
During the forecast period, Asia Pacific will lead the global dimethyl carbonate market.
In 2022, the Asia Pacific region held the dominant share in the global dimethyl carbonate industry. Forecasts suggest this region will experience a significant Compound Annual Growth Rate (CAGR) between 2023 and 2028. One crucial factor is the rapid economic growth and urbanization in countries like China, India, and Southeast Asian nations, resulting in a surging demand for greener solution. As these economies seek sustainable and clean energy solutions, dimethyl carbonate has become crucial in meeting their increasing needs.
Key Players
Some of the leading manufacturers of dimethyl carbonate profiled in this report are UBE Corporation (Japan), Merck KGaA (Germany), Thermo Fisher Scientific Inc. (UK), Lotte Chemical (South Korea), Kowa Company Ltd. (Japan), Kishida Chemical Co. Ltd. (Japan), Tokyo Chemical Industry Co., Ltd. (Japan), and Shandong Shida Shenghua Chemical Group Co., Ltd. (China).
Browse Adjacent Market: Specialty Chemicals Market Research Reports & Consulting
Related Reports:
Battery Electrolyte Market - Global Forecast to 2027
Polycarbonate Resin Market - Global Forecast to 2020
About MarketsandMarkets
MarketsandMarkets has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/dimethyl-carbonate-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/dimethyl-carbonate.asp
Logo: https://mma.prnewswire.com/media/2297424/MarketsandMarkets_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/dimethyl-carbonate-market-worth-1-9-billion-by-2028--exclusive-report-by-marketsandmarkets-302115243.html
