The global dimethyl carbonate (DMC) market is projected to grow at a modest CAGR of 5.1% during the forecast period (2021-2027). The key aspect that drives the growth of the market includes the increasing demand for dimethyl carbonate (DMC) for various applications such as polycarbonate production, solvents, pharmaceutical, pesticides, Li-Ion batteries, and others. Besides, a wide range of properties possessed by the dimethyl carbonate (DMC) such as non-toxic nature, colorless, flammable, and is classified as a carbonate ester. Dimethyl carbonate (DMC) can also be mixed and used with almost all organic solvents, including ketones, alcohols, ethers, among others.
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Further, dimethyl carbonate (DMC) is also widely used as an oxygenated fuel additive. Owing to the rising energy consumption across the globe, there is an increase in the demand for alternative fuels or additives for conventional hydrocarbon fuels development. Furthermore, rising building & construction industry demands for paints & coating. Hence, the rise in the paints & coating industry for the production of water-based eco-friendly paints also creates ample opportunities for the growth of the DMC market over the forecast period.
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Dimethyl Carbonate (DMC) Market Segmentation
By Grade
· Battery
· Pharmaceutical
· Industrial
By Application
· Polycarbonate Production
· Solvents
· Pharmaceutical
· Pesticides
· Li-Ion Batteries
· Others (Fuel Additives, Electrolytes)
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
