Market Research Future (MRFR) assessed Global Dimethyl Carbonate Market 2020 through the review period 2024. By 2024, the Dimethyl Carbonate (DMC) Market can expand at 4.49% CAGR. MRFR assessment reveals that the Dimethyl Carbonate Market can value at USD 594.3 Mn by 2024. COVID 19 impact analysis for the DMC is supplemented with the report.
The unique molecular structure of Dimethyl Carbonate enables its flammable and ease solubility with organic solvents, such as alcohols, and ethers, properties that can significantly contribute to their multiple industrial applications. The rise in the adoption of DMC across the review period can favor the expansion of the Dimethyl Carbonate through the review period. The increased adoption of DMC as a methylating agent in the cash-rich pharmaceutical sector for the production of highly demanded anti-pyretic and analgesics drugs can support the expansion of the Dimethyl Carbonate Market in the years to come. The rise in demand for DMC in the production of polycarbonate due to its large-scale automotive utility can favor the expansion of the Dimethyl Carbonate Market through the review period. Moreover, the surge in demand for lightweight electric vehicles can generate create lucrative opportunities for the marketers can favor the DMC Market across the analysis period.
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Arrow Chemical Group Corp. (ChinaTongling Jintai Chemical Industrial Co., Ltd. (China), Alfa Aesar, Ube Industries Ltd. (Japan), Merck KGaA (Germany), Shandong Shida Shenghua Chemical Group Co., Ltd. (China), Thermo Fisher Scientific (US), Tokyo Chemical Industry Co., Ltd. (Japan), HaiKe Chemical Group Ltd. (China), Tangshan Chaoyang Chemical Co., Ltd., (China), and Kowa India Pvt. Ltd. (India) are some renowned enterprises that are functioning in the Dimethyl Carbonate Market that are listed by MRFR.
The Segment Evaluation of Global Dimethyl Carbonate Market is done by Application, End Use, and Grade.
The Grade-Based Segments of the Dimethyl Carbonate Market are industrial grade, pharmaceutical, and battery among others. The industrial segment can secure about 48.09% share of the Worldwide Dimethyl Carbonate Market in the review period. The segment can touch USD 296.75 Mn by 2024 and register about 5.81% CAGR in the analysis period.
The Application-Based Segments of the Dimethyl Carbonate Market are polycarbonate, solvent, fuel additive, pharmaceuticals, pesticides, lithium battery, and pesticides among others. The polycarbonate segment can acquire about 45.03% share in the review period. The segment can rise at 4.27% CAGR across forecast period.
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The End-Use-Based Segment of the Dimethyl Carbonate Market are plastic, agrochemical, electronics, medical, paints and coatings, and electronics. The plastic segment can dominate the worldwide market accounted on about 54.23% share across in the analysis period. The paints & coatings segment can rise at 5.77% CAGR in the analysis period.
MRFR regional assessment reveals that the Dimethyl Carbonate Market in the Asia Pacific region can be lead the worldwide DMC market across the review period. The region can secure about 54.79% share of the worldwide market at about 5.39% CAGR by 2024. Increase in consumption of DMC by automotive, electronics, and paints and coatings sectors can promote the Dimethyl Carbonate Market in the years to come. In addition, the large consumer base for DMC can benefit the Regional Dimethyl Carbonate Market. In North America, the Dimethyl Carbonate Market can thrive at 3.32% CAGR in the period as initiatives are taken by government to upgrade public infrastructure. In EU, the recovery of construction and automotive sectors during the pandemic can support the expansion of Dimethyl Carbonate Market in the near future.
COVID-19 Study in Detail:
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COVID-19 Impact Analysis on Artificial or Synthetic Leather Market @ https://www.marketresearchfuture.com/report/covid-19-impact-artificial-synthetic-leather-market
NOTE: Our team of researchers is studying COVID-19 and its impact on various industry verticals and wherever required we will be considering COVID-19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
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