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Future Growth of Dimethyl Carbonate Market with Leading Key Players, Industry Share and Latest Opportunities 2027 | UnivDatos

The global dimethyl carbonate market is experiencing significant growth due its large end use base in plastic, paint & coating, pharmaceutical, battery, etc. Increasing investments in automobile industry would lead to high demand of polycarbonate resins as they are widely used in automobile parts manufacturing like headlamps, coated door handles, painted door handles, motorcycle blinkers, taillight lenses, etc. Thus, with increase in production capacity of vehicles would escalate the demand for polycarbonate resins further helping the dimethyl carbonate market grow. For instance, in July 2021, Maruti Suzuki India announced a USD 2.42 billion investment in a new manufacturing facility in Haryana, India with an installed capacity of 7.5-10 lakh units per annum.

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According to UnivDatos Market Insights (UMI)’ research report “Global Dimethyl Carbonate Market, the market is expected to witness a CAGR growth of around 6% during the forecast period 2021-2027F. In emerging nations like India, Brazil, and China population is migrating towards urban areas which is driving the growth of construction industry. Additionally, rising disposable income and changing lifestyle is increasing the need for decorative houses. This is leading to increase in demand of construction materials like paints, adhesives & sealants, cement, iron, and steel. With rising construction activities demand of paints would increase thereby propelling the demand of DMC. Further, major key players are adopting different strategies such as acquisition, business expansion, and collaboration in order to survive in highly competitive market.

For instance, in 2020, Ube Industries, Ltd., a leading Dimethyl Carbonate producer, announced the establishment of the joint venture company with Mitsubishi Chemical Company to become a lead player in the lithium-ion rechargeable battery electrolyte business.  

Based on Grade, dimethyl carbonate market is divided into industry grade, pharmaceutical grade, and battery grade. Industrial grade held lucrative market share due to extensive use of DMC in polycarbonate production which is further used in the production of polycarbonate resins.

Based on Application, dimethyl carbonate market is divided into polycarbonate synthesis, battery electrolyte, solvents, reagents, and others. Among all, polycarbonate synthesis held lucrative market share as most of the DMC produced is used in the production of polycarbonate which further has various applications in electronics, consumer goods, and automobile industry.

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Based on the End Use, dimethyl carbonate market is divided into plastics, paints & coating, pharmaceutical, battery, agrochemicals, and others.  Among all, battery category is likely to grow at a significant rate due to the fast expansion of the electronics sector, resulted in a significant increase in the need for batteries to power electronic devices. Li-ion batteries have mostly been used to power smartphones and other portable gadgets. DMC being such an important component in the production of Li-ion batteries, its market is likely to expand due to high demand of Li-ion batteries.

Asia-Pacific held prominent share in dimethyl carbonate market.

The Asia Pacific region hold substantial market share in dimethyl carbonate market. The increasing use of dimethyl carbonate in the manufacture of polycarbonate in emerging countries is fueling demand in this region. Growing demand for lithium-ion batteries from the electronics and automotive industries is projected to boost the lithium-ion battery electrolyte industry, and thereby propelling the demand of dimethyl carbonate thus market is projected to grow at a significant growth rate. Further, the market is characterized by the presence of several market players that are catering to a wide range of customers in the region. These players adopt various strategies to remain competitive in the market and gain a competitive advantage over other players operating in the market.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Global Dimethyl Carbonate Market include Ube Industries, Ltd., Kowa Company Ltd., Shandong Shida Shenghua Chemical Group Co. Ltd., Guangzhou Tinci Materials Technology Co. Ltd., Haike Chemical Group Ltd., Arrow Chemical Group Corp., Panax Etec Co. Ltd., Henan GP Chemicals Co. Ltd., WEGO Chemical Group, Connect Chemicals GmbH. Several M&A’s along with partnerships have been undertaken by these players to boost their presence in different regions. These companies are investing heavily on several business strategies to increase their market position.

Some of the instances are:

  • In December 2021, Ube Industries Ltd. announced that its joint research and development partner Daiichi Sankyo Co., has obtained a supplemental new drug application approval for additional indication and dosage and administration of the antiplatelet agents “Efient® 3.75 mg Tablets” and “Efient® 2.5 mg Tablets”
  • In October 2021, Ube Industries Ltd. implement a merger by absorption of its wholly owned subsidiary, Meiwa Plastic Industries, Ltd.

“Global Dimethyl Carbonate Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor’s capabilities on different parameters. This will help companies in the formulation of go to market strategies and identifying the blue ocean for its offerings.

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Market Segmentation:

  1. By Grade (Industry Grade, Pharmaceutical Grade, and Battery Grade)
  2. By Application (Polycarbonate Synthesis, Battery Electrolyte, Solvents, Reagents, and Others)
  3. By End Use (Plastics, Paints & Coatings, Pharmaceutical, Battery, Agrochemicals, and Others)
  4. By Region (North America, Europe, Asia-Pacific, and Rest of World)
  5. By Company (Ube Industries, Ltd., Kowa Company Ltd., Shandong Shida Shenghua Chemical Group Co. Ltd., Guangzhou Tinci Materials Technology Co. Ltd., Haike Chemical Group Ltd.,Arrow Chemical Group Corp., Panax Etec Co. Ltd., Henan GP Chemicals Co. Ltd., WEGO Chemical Group, Connect Chemicals GmbH)

Key questions answered in the study:

  1. What are the current and future trends of the global dimethyl carbonate industry?
  2. How the industry has been evolving in terms of end use, application, and grade?
  3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
  4. What are the key growth drivers and challenges for the global dimethyl carbonate industry?
  5. What is the customer orientation, purchase behavior, and expectations from the global dimethyl carbonate suppliers across various countries?

Table of Content –

  1. MARKET INTRODUCTION
  2. RESEARCH METHODOLOGY OR ASSUMPTION
  3. MARKET SYNOPSIS
  4. EXECUTIVE SUMMARY
  5. GLOBAL DIMETHYL CARBONATE MARKET COVID-19 IMPACT
  6. GLOBAL DIMETHYL CARBONATE MARKET REVENUE (USD MN), 2019-2027F
  7. MARKET INSIGHTS BY GRADE
  8. MARKET INSIGHTS BY APPLICATION
  9. MARKET INSIGHTS BY END USE
  10. MARKET INSIGHTS BY REGION
  11. DIMETHYL CARBONATE MARKET DYNAMICS
  12. DIMETHYL CARBONATE MARKET OPPORTUNITIES
  13. LEGAL & REGULATORY FRAMEWORK
  14. DEMAND AND SUPPLY SIDE ANALYSIS
  15. VALUE CHAIN ANALYSIS
  16. COMPETITIVE SCENARIO
  17. COMPANY PROFILED
  18. DISCLAIMER 

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