Dimethyl Carbonate (DMC) Market to Signify Strong Growth by 2024-2031

Dimethyl Carbonate (DMC) Market is projected to grow at a modest CAGR of 5.1% during the forecast period. The key aspect that drives the growth of the market includes the increasing demand for dimethyl carbonate (DMC) for various applications such as polycarbonate production, solvents, pharmaceutical, pesticides, Li-Ion batteries, and others. Besides, a wide range of properties possessed by the dimethyl carbonate (DMC) such as non-toxic nature, colorless, flammable, and is classified as a carbonate ester. Dimethyl carbonate (DMC) can also be mixed and used with almost all organic solvents, including ketones, alcohols, ethers, among others.

Further, dimethyl carbonate (DMC) is also widely used as an oxygenated fuel additive. Owing to the rising energy consumption across the globe, there is an increase in the demand for alternative fuels or additives for conventional hydrocarbon fuels development. Furthermore, rising building & construction industry demands for paints & coating. Hence, the rise in the paints & coating industry for the production of water-based eco-friendly paints also creates ample opportunities for the growth of the DMC market over the forecast period.

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Market Coverage

•The market number available for – 2023-2031

•Base year- 2023

•Forecast period- 2024-2031

Segment Covered- By Grade and Applications

Regions Covered- North America, Europe, Asia-Pacific, Rest of the World

Competitive Landscape- Akzo Nobel N.V., Kowa Co. Ltd., Merck KGaA, Sigma-Aldrich Co. LLC, Alfa Aesar, All-Chemie Ltd., Ube Industries Ltd., and Arrow Chemical Group Corp. among others

Dimethyl Carbonate (DMC) Market Segmentation

By Grade

• Battery
• Pharmaceutical
• Industrial 

By Application

• Polycarbonate Production
• Solvents
• Pharmaceutical
• Pesticides
• Li-Ion Batteries
• Others (Fuel Additives, Electrolytes)

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Regional Analysis           

North America                                                                                                           

·        United States

·        Canada                     

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan              

·                  South Korea

·                  Rest of APAC

Rest of the World

•Latin America

•Middle East and Africa 

Company Profiles

• Alfa Aesar
• All-Chemie Ltd.
• Arrow Chemical Group Corp.
• Dongying City Longxing Chemical Co., Ltd.
• Guangzhou Tinci Materials Technology Co. Ltd.
• Haihang Group
• Haike Chemical Group
• Kishida Chemical Co. Ltd.
• Panax Etec
• Shandong Shida Shenghua Chemical Group Co. Ltd.
• Tongling Jintai Chemical Industrial Co., Ltd.
• Ube Industries Ltd.

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Article source: https://article-realm.com/article/Business/58728-Dimethyl-Carbonate-DMC-Market-to-Signify-Strong-Growth-by-2024-2031.html