Global Dimethyl Carbonate Market Estimated to reach US$ 553.3 Mn by 2025

Transparency Market Research has released a new market report titled Dimethyl Carbonate by Synthesis {Transesterification, Oxidative Methanol Carbonylation, and Others}, by Application {Pharmaceuticals, Pesticides, Solvents, Alternative Fuel Additives, and Polycarbonate} – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2025.According to the report, the global dimethyl carbonate market was valued at US$ 345.9 Mn in 2016 and is projected to reach US$ 553.3 Mn by 2025 at a CAGR of 5.5% from 2017 to 2025.

Dimethyl carbonate is an organic compound classified as a carbonate ester. It is an eco-friendly compound that can be employed in the production of various chemicals, as a solvent. It had received its VOC exemption in many countries and is considered as a nontoxic, safe, and eco-friendly organic chemical. It is rapidly replacing toxic reagents such as phosgene, as a precursor in the production of polycarbonate.

In terms of volume and value, Asia Pacific accounted for major share of the global dimethyl carbonate market in 2016. It is likely to remain the dominant market during the forecast period. The region is expected to offer significant potential to the dimethyl carbonate market in the near future, with China being the dominant country. China is the manufacturing hub in the world with a presence of large number of polycarbonate, pharmaceutical, pesticide, chemical processing plants, etc., wherein there is perpetual demand for dimethyl carbonate. In China and Japan, dimethyl carbonate is mainly employed in the manufacturing of polycarbonates, while in India, it is primarily consumed by the pharmaceutical industry for manufacturing of ciprofloxacin and enrofloxacin. Dimethyl carbonate is often utilized in the manufacture of antibiotics in the pharmaceutical industry. Ciprofloxacin and carbadox can be manufactured from dimethyl carbonate. Ciprofloxacin is employed to prevent certain infections caused by bacteria. It is also used to treat or prevent anthrax in people who may have been exposed to anthrax germs in the air. Carbadox is an antibacterial agent that is utilized in veterinary medication for treating swine dysentery and enteritis.

Demand for dimethyl carbonate in North America region is propelled by pesticides manufacturing sector. The region is anticipated to expand at moderate rate during the forecast period. Companies in the region are focusing on development of new technology for manufacturing of dimethyl carbonate. E3Tec Service has developed a safer alternative to produce dimethyl carbonate by using CO2 sequestration. The process is based on (Heat Integrated Reactive Distillation.

Polycarbonate, followed by solvents and pesticides, were the major application segments in 2016, in Europe. Demand for dimethyl carbonate is anticipated to increase due to rapid growth in polycarbonate products in end-user industries and extensive development of advanced Li ion batteries for electric vehicles in the automotive industry in Europe.

In Latin America, Brazil and Mexico, being the largest producers of chemical products in Latin America, which in turn creating huge potentiality for dimethyl carbonate induced products in several applications such as VOC paints, pharmaceuticals and pesticides.

In Middle East & Africa, the alternative fuel additive application segment of the dimethyl carbonate market is expected to expand at a significant CAGR followed by the polycarbonate application segment, during the forecast period. Manufacturing of dimethyl carbonate for polycarbonate, oil additives, and solvent purposes has been observed in GCC as oil refining is undertaken in high volumes in the GCC countries.

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Key players operating in the dimethyl carbonate market include UBE Industries Limited, HaiKe Chemical Group, Alfa Aesar, Shandong Shida Shenghua Chemical Group Co., Ltd., Tokyo Chemical Industry Co., Ltd. (TCI), Tongling Jintai Chemical Industrial Co., Ltd., Arrow Chemical Group Corporation and Others

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