Dimethyl Carbonate Market to Rise High Owing to Demand from Pharmaceutical and Agricultural Sector

Pune, India, July, 2018 /press release/- Market Research Future Published a Half Cooked Research Report on Global Dimethyl Carbonate Market Research Report.

Overview:

The global market for dimethyl carbonate market is expected to take a robust lead during the forecast period (2023-2030) owing to a healthy CAGR, claims Market Research Future (MRFR) in a detailed study. Its low toxic level and unique molecular structure have made the component a suitable one for multiple sectors, and that is boosting the production of dimethyl carbonate.

Drivers and Restraints:

Expanding polycarbonate market is one the biggest drivers of the dimethyl carbonate production. Regional automotive and electronic sectors are experiencing a boost from the changes happening in consumer behavioral pattern owing to rapid industrialization and urbanization. This is indirectly generating demand for dimethyl carbonate as well.

Paint and coating industry is also a major factor that is propelling the market growth of dimethyl carbonate. Increasing constructional activities along with a rise in industrial coatings and special coatings can take the market to the next level during the foreseeable future.

Eco-friendly chemical policies launched by the governments and competitive price are also a plus. Furthermore, if proper feasible production technology can be implemented this component can act like automobile fuel and curb the carbon footprint.  However, strict licensing policies can serve as a market deterrent. This can adversely affect the commercial production and hamper the market growth during the forecast period.

Segmentation:

The global dimethyl carbonate market can be segmented by grades and application.

Grades-wise the market can be segmented into pharmaceutical grade, industrial grade, and battery grade.

Based on application, the market includes polycarbonate, solvent, fuel additive, pesticide, pharmaceuticals, adhesives and aerosol sprays. Manufacturers prefer polycarbonate the most owing to its high durability and ability to resist scratches. Polycarbonate enjoys popularity across industrial spectrums.

Regional Analysis:

The global dimethyl carbonate market covers, Europe, North America, Asia Pacific (APAC), Latin America (LATAM), and the Middle East & Africa (MEA). 

The APAC is leading the market. The market in the region is enjoying a meteoric shift in consumer behavior which is boosting a lot of industries such as construction, automotive, and electronics simultaneously. These markets are generating the demand for the component in countries such as Australia, Bangladesh, Japan, South Korea, India, Thailand, Taiwan, Malaysia, China, and Singapore.

Europe is next in line where Russia, the U.K., Germany, France, and Italy are contributing the most. The region is spending mostly on research and developments and is eager to initiate eco-friendly procedures in different strata of the society. Hence, the popularity of dimethyl carbonate to satisfy this trend.

North America comes next where the revival of the automotive industry is set to boost the dimethyl carbonate market moderately. However, the pharmaceutical industry is going to impact the market most in a positive way.

In LATAM, consumers are spending more on electronics and passenger cars which can prove beneficial for the dimethyl carbonate market. In MEA, residential, institutional, and commercial activities can be witnessed which can trigger a possible growth.

Market Dashboard:

The global market for dimethyl carbonate is competitive due to the presence of several international players. However, ample opportunities are also giving enough space for them to maximize their profit and bring in the latest technologies.

Major players operating in the dimethyl carbonate market are Thermo Fisher Scientific. (U.S.), BASF SE (Germany), Alfa Aesar, HaiKe Chemical Group (China), Merck KGaA (Germany), Tongling Jintai Chemical Industrial Co., Ltd (China), Arrow Chemical Group Corporation (China), Tangshan Chaoyang Chemical Co.Ltd. (China), Kowa India Pvt.Ltd (India), UBE (India), and Shandong Shida Shenghua Chemical Group Co. (China), and others.

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