Published on: May 2022
Key market trends that will influence the Dimethyl Carbonate (DMC) market
The use of Dimethyl Carbonate (DMC) in polycarbonate manufacture is expected to propel the Dimethyl Carbonate (DMC) Market forward. Polycarbonate (PC) is an engineering plastic with outstanding physical features such as heat resistance, impact resistance, structural stability, and optical clarity. It is applied and used in a lot of different industries. Polycarbonate is environmentally benign because no acids or phenols are created during the production process. Furthermore, rising polycarbonate demand from the automotive and electronics industries is likely to fuel the growth of the Dimethyl Carbonate (DMC) market.
Multi-purpose Dimethyl Carbonate (DMC) variant that pushes the gates open to various sectors
Dimethyl carbonate is used as a solvent in the electrolyte of lithium-ion batteries. It is a flammable, colorless liquid that belongs to the carbonate ester family. For good lithium-ion battery electrochemical performance, it's critical to use a high-quality battery-grade solvent with a very low tide content (less than 50 ppm). As a result, the growing demand for hybrid electric cars (HEVs) and plug-in hybrid electric vehicles (PHEVs) is likely to propel the dimethyl carbonate industry forward.
Dimethyl Carbonate (DMC) ruling the application market with a large amount of share
The polycarbonate synthesis area is expected to be the most profitable in terms of application. Dimethyl carbonate is used as an intermediate in the synthesis of polycarbonates. Polycarbonate is an engineering plastic with high physical properties such as heat resistance, impact resistance, structural stability, and optical clarity that is used in end-use industries such as automotive and electrical.
According to kind, the industry-grade segment is expected to be the most profitable. This could be due to the widespread use of Dimethyl Carbonate (DMC) in the production of polycarbonates.
During the projection period, Asia Pacific is expected to be the most profitable area. Demand in this region is being driven by the increasing use of dimethyl carbonate in the synthesis of polycarbonate in countries such as China, Japan, Korea, Thailand, Taiwan, Singapore, and Malaysia. China, with a market share of almost 55 percent, was the most important of these countries.
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