Global Dimethyl Carbonate Market by Application (Polycarbonate Synthesis, Battery Electrolyte, Solvents, Reagents), Grade (Industry, Pharmaceutical, Battery), and Regions (Asia Pacific, Europe, North America, Middle East & Africa, and Latin America) – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
Report ID : QR1001435 | Industries : Chemicals & Materials | Published On :January 2022 | Page Count : 235Global Dimethyl Carbonate Market
Dimethyl Carbonate Market - Growth, Future Prospects and Competitive Analysis, 2017 - 2025, the global Dimethyl Carbonate Market was valued at US$ 467.72 Mn in 2016, and is expected to each US$ 759.12 Mn by 2025, expanding at a CAGR of 5.9% from 2017 to 2025.
Drivers: Global Dimethyl Carbonate Market
The Driving Factors of Global Dimethyl Carbonate Market are rising demand for Polycarbonate (PC) is one of the most widely used engineering thermoplastics in industries such as electrical & electronics, automotive, building & construction, consumer products, and medical due to properties such as transparency, strength, thermal stability, chemical & heat resistance, and dimensional stability. In 2016, the global production capacity of polycarbonate resins was 5,100 kilotons per year (Source: Plastics Insights). Polycarbonate production capacity is expected to increase globally due to increased demand from various industries during the forecast period.
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Restraints: Global Dimethyl Carbonate Market
The global submarine cable system market is likely to be hampered by DMC is an industrial chemical with a wide range of applications. It is primarily manufactured and polymerized to produce polycarbonates, a type of plastic known for its optical transparency, impact resistance, and high dielectric strength. Polycarbonates are used in DVDs and Blu-ray discs, safety goggles, eyeglass lenses, bullet-resistant windows, electrical insulators, aircraft, various parts of automobiles, and missile components, among other things. DMC is in high demand due to the abundance and variety of applications.
Impact of COVID-19
Ube Industries Ltd., Merck KGaA, and Kowa Company Ltd. are among the major Tier I and II suppliers in the dimethyl carbonate market. These suppliers' manufacturing facilities were spread out across Asia Pacific, Europe, and North America. COVID-19 had also had an impact on their businesses.
Segmentation by grade:
By grade, the industry grade (>99.0 weight %) segment accounted for the largest share in 2020, as it is widely used in the manufacturing of polycarbonates. It is also used as a solvent in paints and coatings, as well as a reagent in pesticides. Rising polycarbonate demand from end-use industries such as automotive and electrical & electronics is expected to drive demand for industry grade dimethyl carbonate.
Segmentation by Application
Based on application, the global Dimethyl Carbonate Market is segmented into water treatment, oil & gas, chemical, and healthcare. The segment's large market share can be attributed to rising demand for decontaminated water across industries, stringent regulatory and sustainability mandates, and high demand for water treatment in developing countries.
Segmentation by Region
Asia Pacific, led by China, India, and Indonesia, dominated the global dimethyl carbonate market share. Furthermore, the region is expected to see the highest gains, owing primarily to robust growth in the electronics, automotive, and paints and coatings industries as consumer disposable income rises. Furthermore, shifting customer preferences toward colourful, high-quality paints will contribute to industry growth by 2024.
Competitive Landscape:
Ube Industries Ltd., Merck KGaA, Kowa Company Ltd., Kishida Chemical Co. Ltd., Shandong Shida Shenghua Chemical Group Co., Ltd., Guangzhou Tinci Materials Technology Co., Ltd., Haike Chemical Group, Arrow Chemical Group Corp., and Panax Etec.
Industrial Development:
Merck announced a USD 22.9 million investment in April 2021 to expand research and development and manufacturing capabilities at its Shizuoka site (Japan). New infrastructure will be built as part of this plan to advance and accelerate innovation in the electronic materials space.
Merck and Universitas Indonesia collaborated in March 2021 to establish the first Collaboration Laboratory between the company and the university to advance life science research and innovation development in Indonesia.
Market taxonomy
By Grade
- Industry grade (>99.0 weight %)
- Pharmaceutical grade (>99.5 weight %)
- Battery grade (>99.9 weight %)
By Application
- Polycarbonate Synthesis
- Battery Electrolyte
- Solvents
- Reagents
- Others (Fuel Additives, Electrolyte for Supercapacitors, Electrolyte for Dye-synthesized Solar Cells)
By region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Global Dimethyl Carbonate Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Dimethyl Carbonate Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Dimethyl Carbonate Market, By Grade
5.1 Y-o-Y Growth Comparison, By Grade
5.2 Global Dimethyl Carbonate Market Share Analysis, By Grade
5.3 Global Dimethyl Carbonate Market Size and Forecast, By Type
5.3.1 Industry grade (>99.0 weight %)
5.3.2 Pharmaceutical grade (>99.5 weight %)
5.3.3 Battery grade (>99.9 weight %)
6 Global Dimethyl Carbonate Market, By Application
6.1 Y-o-Y Growth Comparison, By application
6.2 Global Dimethyl Carbonate Market Share Analysis, By application
6.3 Global Dimethyl Carbonate Market Size and Forecast, By application
6.3.1 Polycarbonate Synthesis
6.3.2 Battery Electrolyte
6.3.3 Solvents
6.3.4 Reagents
6.3.5 Others (Fuel Additives, Electrolyte for Supercapacitors, Electrolyte for Dye-synthesized Solar Cells)
7 Global Dimethyl Carbonate Market, By Region
7.1 Global Dimethyl Carbonate Market Share Analysis, By Region
7.2 Global Dimethyl Carbonate Market Share Analysis, By Region
7.3 Global Dimethyl Carbonate Market Size and Forecast, By Region
8 North America Global Dimethyl Carbonate Market Analysis and Forecast (2021-2027)
8.1 Introduction
8.2 North America Global Dimethyl Carbonate Market Share Analysis, By Type
8.3 North America Global Dimethyl Carbonate Market Size and Forecast, By application
8.4 North America Global Dimethyl Carbonate Market Size and Forecast, By End User
8.5 North America Global Dimethyl Carbonate Market Size and Forecast, By Country
8.5.1 U.S.
8.5.2 Canada
8.5.3 Mexico
9 Europe Global Dimethyl Carbonate Market Analysis and Forecast (2021-2027)
9.1 Introduction
9.2 Europe Global Dimethyl Carbonate Market Share Analysis, By Grade
9.3 Europe Global Dimethyl Carbonate Market Size and Forecast, By application
9.4 Europe Global Dimethyl Carbonate Market Size and Forecast, By End User
9.5 Europe Global Dimethyl Carbonate Market Size and Forecast, By Country
9.5.1 Germany
9.5.2 France
9.5.3 UK
9.5.4. Rest of Europe
10 Asia Pacific Global Dimethyl Carbonate Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 Asia Pacific Global Dimethyl Carbonate Market Share Analysis, By Grade
10.3 Asia Pacific Global Dimethyl Carbonate Market Size and Forecast, By application
10.4 Asia Pacific Global Dimethyl Carbonate Market Size and Forecast, By End User
10.5 Asia Pacific Global Dimethyl Carbonate Market Size and Forecast, By Country
10.5.1 China
10.5.2 Japan
10.5.3 India
10.5.4. Rest of Asia Pacific
11 Latin America Global Dimethyl Carbonate Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Latin America Global Dimethyl Carbonate Market Share Analysis, By Grade
11.3 Latin America Global Dimethyl Carbonate Market Size and Forecast, By application
11.4 Latin America Global Dimethyl Carbonate Market Size and Forecast, By End User
11.5 Latin America Global Dimethyl Carbonate Market Size and Forecast, Country
11.5.1. Brazil
11.5.2. Rest of Latin America
12 Middle East Global Dimethyl Carbonate Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Middle East Global Dimethyl Carbonate Market Share Analysis, By Grade
12.3 Middle East Global Dimethyl Carbonate Market Size and Forecast, By application
12.4 Middle East Global Dimethyl Carbonate Market Size and Forecast, By End User
12.5 Middle East Global Dimethyl Carbonate Market Size and Forecast, By Country
12.5.1. Saudi Arabia
12.5.2. UAE
12.5.3. Egypt
12.5.4. Kuwait
12.5.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 Ube Industries Ltd.
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2. Merck KGaA
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3. Kowa Company Ltd.
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Kishida Chemical Co. Ltd.
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Shandong Shida Shenghua Chemical Group Co., Ltd.
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Guangzhou Tinci Materials Technology Co., Ltd.
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Haike Chemical Group
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Arrow Chemical Group Corp.
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Panax Etec.
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 TNJ Chemical Industry Co., Ltd
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies