The Dimethyl Carbonate Market is valued at around USD 1.2 billion in 2022 and is expected to reach USD 2.2 billion by 2030, registering a CAGR of 6.5% over the forecast period. An organic solvent called dimethyl carbonate (DMC) is a colourless liquid. Polycarbonates are strong, transparent plastics with high heat resistance that are made possible by DMC. It can also be used to make pesticides for use in farming. Due to its low water solubility (0.002 percent), dimethyl carbonate has more potential uses in the detergent, paints and coatings, and pharmaceutical industries.
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The Dimethyl Carbonate Market – Growth Factor
Electronics, automobiles, agrochemicals, oil and gas, and other end-use industries can all benefit from using DMCs due to their intrinsic properties of non-toxicity, higher solubility, and biodegradability. These are the main factors propelling the DMC market. DMC is also used to replace chemicals like xylene, which is regarded as an environmental contaminant.
The shift in consumer behaviour toward sustainability is accompanied by an increase in green building projects, which call for the use of environmentally friendly and sustainable building materials. As a result, DMC is in high demand because it is both a sustainable and non-toxic material. As a result, the government’s initiatives to create smart, sustainable cities and the booming construction industry both support and expand the DMC market.
The Dimethyl Carbonate Market – Market Trends
• The production of fuels and polymers requires the abundant element carbon. Dimethyl carbonate traders have been forced to turn carbon dioxide (CO2) into chemical precursors like dimethyl carbonate due to carbon’s non-toxic properties (DMC).
• Since traditional methods like phosgenation have drawbacks like the use of lethal poisonous and corrosive phosgene gas and the creation of significant amounts of inorganic salts, it is expected that this trend will persist.
• As a result, players in the dimethyl carbonate market are stepping up R&D to improve their efficacy in green chemistry.
• To increase the productivity of green chemistry, automakers are implementing procedures that entail the decisive synthesis of dimethyl carbonate from CO2 and methanol.
• Methanol is a less expensive raw material, making the green synthesis of DMC a more popular and economical process.
The Dimethyl Carbonate Market – Segmentation
The Dimethyl Carbonate Market fragrance concentrates market has been sub-classified into grade, application, end-user.
On the basis of grade, the Dimethyl Carbonate Market is bifurcated into:
• Industry grade
• Pharmaceutical grade
• Battery grade
• others
On the basis of application, the market is segmented into:
• polycarbonate synthesis
• battery electrolyte
• solvents
• reagents
• others
On the basis of end-user, the market segmented into:
• plastics
• paints and coating
• pharmaceutical
• battery
• agrochemicals
• Others
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The Dimethyl Carbonate Market – Key Market players
Global key players of Dimethyl Carbonate Market include Shandong Shida Shenghua Chemical Co., Ltd., KOWA American Corporation, UBE Industries, Tokyo Chemical Industry Co., Ltd., Merck KGaA, Arrow Chemical Group Corp., HaiKe Chemical Group Ltd., Alfa Aesar, Tangshan Chaoyang Chemical Co., Ltd., and Hefei TNJ Chemical Industry Co., Ltd., and others.
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