Dimethyl Carbonate Market Scope
Dimethyl Carbonate is an organic compound and is colorless, transparent, and flammable. It is mainly produced to form polycarbonates, known for their optical transparency, impact resistance, and high dielectric strength. Although DMC is a green solvent its traditional production method involves the use of toxic gases such as phosgene and carbon monoxide while producing harmful by-products such as sodium chloride. Due to the toxic nature of phosgene gas, DMC is now produced by oxidation of methanol carbonylation or transesterification. Moreover, due to its low toxicity and efficient dissolving abilities, it is being used as an electrolyte in lithium-ion batteries.
Manufacturers can focus on implementing stringent quality control measures throughout the production process to ensure consistent purity levels and adherence to industry standards. Additionally, players explore new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that China Vendors will contribute to the maximum growth of Global Dimethyl Carbonate market throughout the predicted period.
Green Chemical Co., Ltd. (South Korea), Lichem Co., Ltd. (South Korea), Samchun Chemical Co. Ltd. (South Korea), Thermo Fisher Scientific (United States), Ube Industries Ltd. (Japan), Merck KGaA (Germany), AkzoNobel (Netherlands), Tokyo Chemical Industry Co., Ltd. (Japan), Tongling Jintai Chemical Industrial Co., Ltd. (China) and Kowa India Pvt. Ltd. (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Shandong Shida Shenghua Chemical Group Co., Ltd. (China), HaiKe Chemical Group Ltd. (China), Arrow Chemical Group Corp. (China) and Tangshan Chaoyang Chemical Co., Ltd., (China).
Segmentation Overview
The study have segmented the market of Global Dimethyl Carbonate market by Type (Industrial Grade, Pharmaceutical Grade, Battery Grade and Others), by Application (Alternative Fuel Additives, Polycarbonate Production, Pharmaceuticals, Lithium-ion Batteries and Others (Solvents, Pesticides)) and Region with country level break-up.
On the basis of geography, the market of Dimethyl Carbonate has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Green Synthesis of Dimethyl Carbonate
Market Growth Drivers:
Growing Demand for DMC in Lithium-Ion Battery Electrolytes and Rapid Industrialization in the Asia Pacific, High Production of Polycarbonate Owing To Increasing Demand in the Automotive and Electronics Industries and Growing Environmental Concerns and Stringent Regulations
Challenges:
Compliance with regulations and standards
Restraints:
Highly Toxic Gases Used for DMC Synthesis
Opportunities:
Increasing Demand for DMC from the Paints and Coating Industry and Growing Demand from the Pharmaceutical Sector for the Production of Medicines
Market Leaders and their Expansionary Development Strategies
In December 2017, Shandong Shida Shenghua Chemical Group Co Ltd signed an agreement with a new energy research institute on the hydrogen fuel cell and lithium-ion battery business. This development is likely to boost their efforts to manufacture high-purity solvents.
In July 2019, Ube Industries announced that it will increase its production of the basic chemical dimethyl carbonate to its derivative by opening a new plant in the United States. This would approximately produce 50,000 tons of DMC as well as it will produce 20,000-30,000 tons of purified DMC annually.
In the United States, the Environmental Protection Agency (EPA) regulates the production, handling, and disposal of chemicals, including DMC. The EPA sets standards and guidelines for environmental safety, including the use and storage of DMC, to ensure its safe handling and minimize environmental impact.
Key Target Audience
Dimethyl Carbonate Manufacturers, Distributors/Suppliers, Chemical Industries, Pharmaceutical Companies, Traders/Exporters/Importers, End-Use Industries and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.