Global Dimethyl Carbonate Market Size, Trends & Analysis - Forecasts to 2026 By Application (Polycarbonate Synthesis, Battery Electrolyte, Solvents, Reagents [Methylating Agent, and Methoxy carbonylation Agent], Others [Fuel Additives, Electrolyte for Supercapacitors, Electrolyte for Dye-synthesized Solar Cells]), By Grade (Industry grade [>99.0 weight %], Pharmaceutical grade [>99.5 weight %], Battery grade [>99.9 weight %]), By End User (Plastics, Paints & Coating, Pharmaceutical, Battery, Agrochemical, Others [Adhesives & Sealants, Ink, Food & Beverages, and Energy]), By Region (North America, Europe, Asia Pacific, MEA, and CSA).
Increasing preference for polycarbonate from various industries (polycarbonates and lithium-ion batteries) is expected to propel the market. Besides, being an environment-friendly solvent, this solvent is used as adhesives, coatings, and cleaning agents; raw material for organic synthesis reactions such as carbonylation, carbomethoxylation, and methylation. Moreover, this solvent is also used as an electrolyte in lithium-ion batteries and hence has high demand from the automotive industry.
Based on application, the market is divided into battery electrolyte, polycarbonate synthesis, reagents (methylating agent, and methoxy carbonylation agent), solvents, others. The battery electrolyte segment is expected to witness the highest CAGR in the market during 2021-2026, while the polycarbonate synthesis segment is expected to dominate the market in terms of market value. The increasing demand for polycarbonate from the automotive and electrical industry will also propel the growth of the segment.
Based on grades, the market is segmented into pharmaceutical, industry, and battery grade. The industry-grade (>99.0 weight %) segment is used in the manufacturing of polycarbonates leading to being the largest segment in the market.
Based on the end-user industries, the market is segmented into plastics, paints & coating, pharmaceutical, battery, agrochemical, others. The Li-ion battery segment is expected to grow fastest leading to mirroring the growth in the dimethyl carbonate market. Factors such as the increasing use of lithium-ion batteries in the Asian region and third world countries will be the cause of this effect in the market.
The US, Canada and Mexico are the leading countries in terms of market value in the North America dimethyl carbonate market, whereas the APAC countries will be growing faster than other developed countries in the market. The Dimethyl Carbonate market is expected to propel in this region with increased demand for lithium-ion batteries. The increased use of synthesis polycarbonate in countries like Japan, China, Korea, Malaysia, Taiwan, Thailand, and Singapore in the Asia-Pacific region will lead to increased demand for Dimethyl Carbonate in the APAC region.
The key players operating in the market include Shandong Shida Shenghua Chemical Group Co., Ltd. (China), Merck KGaA (Germany), Ube Industries Ltd. (Japan), Arrow Chemical Group Corp. (China), Kowa Company Ltd. (Japan), Guangzhou Tinci Materials Technology Co., Ltd. (China), Kishida Chemical Co. Ltd. (Japan), Panax Etec (Korea), and Haike Chemical Group (China) among others.
Please note: This is not an exhaustive list of companies profiled in the report.
In July 2019, Ube Industries Ltd. (Japan), launched a new plant in the U.S. for increasing the production of basic chemical dimethyl carbonate, which will produce approximately 50,000 tons of dimethyl carbonate annually.
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The Global Dimethyl Carbonate Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Dimethyl Carbonate Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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