The global dimethyl carbonate market is anticipated to expand at a CAGR of 5.5% from 2017 to 2025, and reach market value of US$ 553.3 Mn by 2025.
Albany, NY -- (SBWIRE) -- 03/05/2018 -- Market Research Hub (MRH) has included a new research report in its online database titled 'Global Dimethyl Carbonate Market'. This research report gives the report readers a deep insight about the global dimethyl carbonate market and presents the state of the dimethyl carbonate market in various important regional markets of the world along with information on the market dynamics impacting the growth of this market.
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Dimethyl carbonate is a type of carbon-based compound that possesses the properties of being flammable, colorless and transparent. It is treated as a carbon ester. This environmentally friendly compound is used for the up gradation of renewables such as triglycerides, glycerol, fatty acids and platform molecules that are derived from sugar. Dimethyl carbonate has been given a certificate of VOC exemption and is classified as a safe, non-toxic and an environment friendly organic chemical. It is used as an intermediate in the manufacturing process of polycarbonates. This type of polycarbonate plastics possess high dielectric strength, high impact resistance and optical transparency. Dimethyl carbonate is also used to manufacture intermediate chemicals, pesticides and pharmaceuticals.
Overview of the Market
Asia Pacific region is forecasted to dominate the global dimethyl carbonate market in both value and volume terms. Also, dimethyl carbonate market in the Asia Pacific will experience a significant CAGR as compared with other regions. China being a manufacturing center, it possesses various pharmaceutical, chemical processing factories, polycarbonate and pesticide industries in which there is a high demand for dimethyl carbonate. Hence, a large number of manufacturers of this organic compound are present in China. China also exports significant amounts of dimethyl carbonate to both developed and upcoming economies.
As far as application is concerned, the polycarbonate segment was dominant and held a major share of the market in the year 2016. Dimethyl carbonate is majorly used as an additive in gasoline with high content of oxygen. This chemical is also used in paints and coatings and utilized in the personal care sectors. The solvents containing dimethyl carbonate are the best electrolyte systems, and are thus used in lithium ion batteries as it is chemically stable. In order to lower the volatility of price of dimethyl carbonate, the manufacturers of this organic compound have established long-term supply agreements with important supplies so that they can get raw materials at a fixed price.
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This report provides comprehensive information regarding both the regional and global dimethyl carbonate markets. The forecast has been provided both volume wise (Tons) and also value wise (US$ Mn) and the forecast period is from 2016 to 2025. This report also covers in detail the study of various market dynamics that are impacting the growth of the global dimethyl carbonate market along with its opportunity analysis. A valuable section of the report contains the Porter's Five Forces analysis and the value chain analysis for the dimethyl carbonate market. The Porter's model has been included in this report to get a complete understanding of the competition landscape of this market. In addition, the market attractiveness analysis is also given, which analyzes the different product types and applications on the basis of their growth potential and revenue generation potential. Also, this report contains information on the various companies manufacturing dimethyl carbonate and the type of technology which they use in the manufacturing of this organic compound.
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