Dimethyl Carbonate Market - Industry Size, Share, Growth & Forecast 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:
- By Grade
(Industry Grade, Pharmaceutical Grade, and Battery Grade)
- By Application (Polycarbonate Synthesis, Battery Electrolyte, Solvents,
Reagents, and Others)
- By End Use (Plastics, Paints & Coatings, Pharmaceutical, Battery,
Agrochemicals, and Others)
- By Region (North America, Europe, Asia-Pacific, and Rest of World)
- 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:
- What are the current and future trends of the global dimethyl
carbonate industry?
- How the industry has been evolving in terms of end use,
application, and grade?
- How the competition has been shaping across the countries
followed by their comparative factorial indexing?
- What are the key growth drivers and challenges for the global
dimethyl carbonate industry?
- What is the customer orientation, purchase behavior, and
expectations from the global dimethyl carbonate suppliers across various
countries?
Table of Content –
- MARKET INTRODUCTION
- RESEARCH METHODOLOGY OR ASSUMPTION
- MARKET SYNOPSIS
- EXECUTIVE SUMMARY
- GLOBAL DIMETHYL CARBONATE MARKET COVID-19 IMPACT
- GLOBAL DIMETHYL CARBONATE MARKET REVENUE (USD MN), 2019-2027F
- MARKET INSIGHTS BY GRADE
- MARKET INSIGHTS BY APPLICATION
- MARKET INSIGHTS BY END USE
- MARKET INSIGHTS BY REGION
- DIMETHYL CARBONATE MARKET DYNAMICS
- DIMETHYL CARBONATE MARKET OPPORTUNITIES
- LEGAL & REGULATORY FRAMEWORK
- DEMAND AND SUPPLY SIDE ANALYSIS
- VALUE CHAIN ANALYSIS
- COMPETITIVE SCENARIO
- COMPANY PROFILED
- DISCLAIMER
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