Dimethyl Carbonate Market Analysis

Properties of dimethyl carbonate such as non-toxicity, biodegradability and high solvency make it as one of the ideal organic chemicals to be used in several end-use industries. Therefore, it is increasingly replacing xylene, benzene, ethyl, acetone and other chemicals as a solvent which is considered as one of the significant factor for the growth of the dimethyl carbonate market. Furthermore, flourishing polycarbonate industry owing to noteworthy growth in automotive and electronics industries globally is estimated to create positive impact on the global dimethyl carbonate market. Also, its application in the paints and coatings industry is also estimated to propel the growth of the dimethyl carbonate market owing to the current boom in the construction industry.

Although the demand for dimethyl carbonate is increasing globally, the manufacturers are facing certain challenges that might impede the expected growth. Permitting guidelines for the manufacturing of dimethyl carbonate are stringent owing to which manufacturers face tough time getting the license, which might negatively impact the growth in the long run. Also, obstruction in implementation of the advanced technology to create desirable process environment is also expected to hamper the growth of dimethyl carbonate market over the forecast period.

Dimethyl carbonate is also being considered for the future applications such as gasoline blending agent and fuel additive in place of ethanol. But the growth in the future applications remain uncertain, especially in some regions. The demand for dimethyl carbonate as gasoline blending agent is increasing in APAC, which is one of the ongoing trend in the global dimethyl carbonate market.

Dimethyl Carbonate Market: Segmentation

The global dimethyl carbonate market can be segmented based on grade and application.

Dimethyl Carbonate Market: Regional Outlook

Asia Pacific is expected to dominate the global dimethyl carbonate market owing to high demand for the polycarbonate in the growing automotive and electronics industry in the region. Growing per capita income is also one of the significant factor for the growth of dimethyl carbonate market in the region. Europe and North America are expected to record significant growth share over the forecast period owing to high adoption of eco-friendly chemicals as an intermediate. MEA and Latin America are expected to record steady growth in the demand for dimethyl carbonate owing to the growing demand for paints and coatings from the construction industry. Therefore, the overall market of dimethyl carbonate market is expected to have healthy growth over the forecast period.

Dimethyl Carbonate Market: Key Players

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