With the presence of a large pool of participants, the Global Dimethyl Carbonate Market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR).
Dimethyl carbonate is utilized as an intermediary for synthesizing polycarbonate chemicals, agrochemicals, medicine, and polyurethane. Apart from this, commercial procedures of the product synthesis make use of methanol & phosgene reactions resulting in huge outputs in the synthesis of the dimethyl carbonate. Apparently, firms are trying to minimize greenhouse gas emissions and thus address the environmental concerns through the use of environmentally-compatible methods of producing dimethyl carbonate.
With dimethyl carbonate being the biodegradable chemical has become a core research topic in recent years. The multi-faceted & versatile applications as green, safe, and non-toxic green reagent have made it popular & preferred across the globe. In addition to this, the chemical compound is also used as the perfect non-toxic substitute for phosgene and dimethyl sulfate as the latter ones are corrosive & toxic in nature. Dimethyl carbonate is also being considered to be used as a part of reformulated fuels as a result of its high oxygen contents and unique blending features. All these aforementioned features of dimethyl carbonate are likely to boost their sales over the forecast period.
The growth of the market over the forecast period can also be attributed to the use of the product for cold sterilization of drinks. Moreover, dimethyl carbonate can also prove to be an effective chemical against beverage-spoiling bacteria such as yeasts. Its application as the methylating reagent is gaining prominence as it is less toxic and decomposable as compared to other methylating reagents like iodomethane.
Polycarbonate Synthesis Segment To Dominate The Application Landscape By 2025
The growth of the polycarbonate segment over 2019-2025 is projected to be due to the large-scale usage of dimethyl carbonate in the production of polycarbonates. Furthermore, the polycarbonate finds myriad applications in automotive as well as electric & electronics sectors, thereby enlarging the scope of the market over the forecast period.
Industry Grade Segment To Contribute Majorly Towards Market Share by 2025
The segment is anticipated to contribute majorly towards overall market share over the forecast period subject to the massive use of the industry-grade in the production of polycarbonates. Apart from this, the prominent application of the industry-grade as a solvent in paints & coatings will further prompt the demand for the segment over the forecast period.
Asia Pacific Dimethyl Carbonate Market To Contribute Majorly Towards Industry Growth By 2025
The growth of the market in the region over 2019-2025 is attributed to the escalating demand for lithium-ion batteries in consumer electronic items such as smartphones and notebooks PCs. Moreover, these batteries are also expected to find massive applications in hybrid electric vehicles over the coming years. Additionally, dimethyl carbonate is used as an electrolyte in lithium-ion batteries.
The key players involved in the dimethyl carbonate business include Ube Industries Ltd., Kishida Chemical Co. Ltd., Shandong Shida Shenghua Chemical Group Co., Ltd., Panax Etec, Guangzhou Tinci Materials Technology Co., Ltd., Lotte Chemical, Arrow Chemical Group Corp., and Haike Chemical Group.
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