Dimethyl Carbonate Market share in the solvent sector is anticipated to grow at a CAGR of more than 6% over the coming seven years. The ability to provide exceptional solubility, odor, and low rate of evaporation is expected to make the product more useful in coating resins, concrete coatings, auto refinish, steel drum linings, architectural coatings, floor coatings, and traffic paints. Eco-friendly nature of the product along with its low costs are projected to enhance its demand in the production of solvents and automotive fuels, thereby catalyzing the growth of dimethyl carbonate industry.
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The requirement for a clean, green environment is on an exponential rise. Dimethyl carbonate market is expected to gain remarkable traction pertaining to this factor. Mounting government efforts to promote green construction and minimize GHG emissions is also expected to augment industry growth. The polycarbonate sector is also witnessing a robust expansion – it had collected a revenue of USD 14 billion in 2015 and is anticipated to hit USD 22 billion by 2024.
The sector is projected to observe a huge surge owing to extensive product demand across electronics and automotive sectors and is forecast to contribute largely towards the dimethyl carbonate industry share. Evolving economies of APAC are likely to be the elite business destinations for electronics items such as smartphones, mobiles, and iphones, resulting in dimethyl carbonate market development. Extensive product usage as a gasoline additive across the energy sector will favorably influence the business landscape.
North America dimethyl carbonate market size, which was estimated at more than USD 90 million in 2015, is projected to expand remarkably over the coming seven years. Favorable government policies to improve the public infrastructure along with scaling up of the construction activities is anticipated to support the business expansion. U.S. dimethyl carbonate industry is likely to be a major revenue driver.
Dimethyl Carbonate Market players will invest heavily in R&D activities for creating new products and increase customer engagement, thereby gaining competitive edge. Firms are looking forward to raise their production capacities and explore the market potential by establishing their presence across the untapped geographies.
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Dongying City Longxing Chemical Company Limited, AkzoNobel N.V., EMD Millipore Corporation, UBE Industries Limited, Sigma-Aldrich Corporation, Tangshan Chaoyang Chemical Company Limited, and HaiKe Chemical Group are the major participants of dimethyl carbonate industry.
Glimpse of Table of Content (ToC)
Chapter 4. Dimethyl Carbonate Market Application Insights
4.1. Global dimethyl carbonate market share by application, 2015 & 2024
4.2.1. Market estimates and forecast, 2013 – 2024
4.2.2. Market estimates and forecast, by region, 2013 – 2024
4.3.1. dimethyl carbonate market estimates and forecast, 2013 – 2024
4.3.2. Market estimates and forecast, by region, 2013 – 2024
4.4.1. Market estimates and forecast, 2013 – 2024
4.4.2. dimethyl carbonate market estimates and forecast, by region, 2013 – 2024
4.5. Food & Beverage
4.5.1. Market estimates and forecast, 2013 – 2024
4.5.2. dimethyl carbonate market estimates and forecast, by region, 2013 – 2024
4.6.1. Market estimates and forecast, 2013 – 2024
4.6.2. Market estimates and forecast, by region, 2013 – 2024
4.7.1. Market estimates and forecast, 2013 – 2024
4.7.2. dimethyl carbonate market estimates and forecast, by region, 2013 – 2024
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