Global Dimethyl Carbonate Market to Reach US$690.1 mn by 2023, Asia Pacific is anticipated to continue its strong growth

Transparency Market Research has released a new market report titled “Dimethyl Carbonate Market for Polycarbonate, Solvent, Pharmaceutical, Pesticide, and Other Applications – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015–2023.” According to the report, the global dimethyl carbonate market was valued at US$390.5 mn in 2014 and is projected to reach US$690.1 mn by 2023, expanding at a CAGR of 6.6% from 2015 to 2023.

Dimethyl carbonate is a versatile compound with pleasant odor. It is known as a green agent since it is non-toxic, biodegradable, and manufactured by a clean process. Dimethyl carbonate can be used as a solvent in inks and paints & coatings. It can also be employed in the production of polycarbonates, pesticides, and pharmaceutical products.

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Demand for dimethyl carbonate is expected to be driven by rapid rise in demand for polycarbonate in emerging economies of Asia Pacific. In terms of volume, Asia Pacific is anticipated to be the largest and fastest growing market for dimethyl carbonate during the forecast period. The region is anticipated to be followed by Europe, North America, Middle East & Africa, and Latin America. Dimethyl carbonate was classified as a non-toxic chemical product in Europe in 1992. It was used as a replacement for phosgene, chloromethane, and methyl chloroformate in various end-use industries. Germany, Russia, and the U.K. are primarily estimated to account for significant demand for dimethyl carbonate in Europe due to presence of established end-use industries in these countries. The U.S. is estimated to be the largest consumer of dimethyl carbonate in North America in the near future. Majority of the demand for dimethyl carbonate in the country is expected to be met by imports from China.

Asia Pacific is anticipated to continue its strong growth during the forecast period due to high demand for dimethyl carbonate in electronics and automotive industries in the region. Currently, China is the largest market for dimethyl carbonate in Asia Pacific due to high production of polycarbonate. China accounted for major share of the global production of dimethyl carbonate in 2014. Various large and medium dimethyl carbonate manufacturing companies operate in the country. Japan is estimated to be the second-largest market for dimethyl carbonate in Asia Pacific due to rapid growth of the hybrid vehicle industry. Demand for dimethyl carbonate as an electrolyte solvent for lithium-ion rechargeable batteries is projected to increase in the near future as demand for hybrid vehicles continues to rise.

Major players operating in the dimethyl carbonate market include Dongying City Longxing Chemical Co., Ltd., Shandong Shida Shenghua Chemical Group Co., Ltd., Alfa Aesar, EMD Millipore Corporation, Sigma-Aldrich Co. LLC, HaiKe Chemical Group, Akzo Nobel N.V., UBE Industries Limited, Tangshan Chaoyang Chemical Co., Ltd., and BASF SE.

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The report segments the global dimethyl carbonate market as:

Dimethyl Carbonate Market – Application Analysis

  • Polycarbonate
  • Solvent
  • Pharmaceutical
  • Pesticide
  • Others (Including methylating agents)

Dimethyl Carbonate Market – Regional Analysis

  • North America
    • U.S.
    • Rest of North America (RoNA)
  • Europe
    • Germany
    • Italy
    • Russia
    • France
    • U.K.
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • ASEAN
    • Rest of Asia Pacific (APAC)
  • Latin America
    • Brazil
    • Rest of Latin America (LATAM)
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa (MEA)

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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