According to the report, the global dimethyl carbonate market is likely to grow at 5.5% CAGR through 2025.
Albany, NY -- (SBWIRE) -- 04/17/2018 -- A new research report, titled, "Dimethyl Carbonate Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025" has been added to the repository of Market Research Reports Search Engine (MRRSE). According to the report, the global dimethyl carbonate market is likely to grow at 5.5% CAGR through 2025.
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According to the report, the global dimethyl carbonate market landscape continues to be highly fragmented, with a number of key players accounting for a small revenue share of the market. On account of the fragmentation in the market, players are focusing on gaining necessary certifications and strengthening their distribution networks. Some of the key players profiled in the report include Arrow Chemical Group Corporation, Tokyo Chemical Industry Co., Ltd. (TCI), Tongling Jintai Chemical Industrial Co., Ltd., HaiKe Chemical Group, UBE Industries Limited, and Alfa Aesar.
Increasing application of dimethyl carbonate in the production of polycarbonates is likely to provide an impetus to demand during the assessment period. Polycarbonate is used across a range of end-use industries, and growing demand for polycarbonate is likely to provide an impetus to demand for dimethyl carbonate during the assessment period.
Preference for dimethyl carbonate over other toxic gases is growing among end-users, and this is one of the key factor driving the demand. According to the report, due to non-toxic nature of dimethyl carbonate, manufacturers are preferring it over other forms of compounds such as phosgene. Use of dimethyl carbonate in the production of certain antibiotics is also likely to provide an impetus to demand during the assessment period.
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Demand for dimethyl carbonate is also likely to witness an uptick on account of its growing application in paints and coatings industry. Dimethyl carbonate is widely used in the manufacture of paints and coatings, and the resurgence in the real estate sector is likely to provide an impetus to growth. The demand for dimethyl carbonate is also likely to witness steady growth due to its wide ranging applications in automotive manufacturing. The steady increase in the sales of passenger cars in North America and Asia Pacific is likely to open new avenues of growth for dimethyl carbonate during the assessment period.
According to the report, Asia Pacific will continue to be one of the leading markets for dimethyl carbonate during the assessment period. Growing production and consumption in Asia Pacific is likely to promote the demand for dimethyl carbonate during the assessment period.
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