Dimethyl Carbonate Market is expected to grow from USD 1.1 Billion in 2022 to USD 1.6 Billion by 2027, at a CAGR of 7.2% from 2022 to 2027

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The global dimethyl carbonate market is driven by major factors such as the growth of various end uses such as paints & coatings, pharmaceuticals, and batteries. The battery electrolyte application segment is expected to grow at the highest CAGR during the forecast period.

New York, Sept. 20, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “Dimethyl Carbonate Market by Application, End-Use Industry, Grade, Region – Global Forecast to 2027” – https://www .reportlinker .com/p05839709/?utm_source=GNW

Based on application, the battery electrolytes segment is expected to grow at the highest CAGR during the forecast period. The demand for batteries is increasing due to developments in electric vehicles and electronic products.

When discussing the solvent for battery electrolyte, DMC is often used due to its properties such as high solvation strength and low viscosity.

The battery quality segment is expected to grow at the highest CAGR during the forecast period.
On the basis of quality, the battery quality segment is expected to grow at the highest CAGR during the forecast period. The demand for battery-grade dimethyl carbonate is increasing due to the growth in the use of hybrid electric vehicles (HEVs) and plug-in hybrid electric vehicles (PHEVs), as dimethyl carbonate is used as a solvent in the electrolyte of battery.

The Asia-Pacific dimethyl carbonate market is expected to witness the highest CAGR during the forecast period.
Asia Pacific Dimethyl Carbonate Market is anticipated to grow at the Highest CAGR from 2022 to 2027. The growth of this market can be attributed to growing industries in the region.

Some of the major industries contributing to the demand for dimethyl carbonate in the region are pharmaceuticals, paints & coatings, and batteries.

Breakdown of the profile of the main participants in the report:
• By type of business: Level 1: 45%, Level 2: 22% and Level 3: 33%
• By designation: C-level executives – 50%, administrators – 10% and others – 40%
• By region: North America – 17%, Europe – 33%, Asia-Pacific – 17%, South America – 8%, Middle East and Africa – 25%

Within the qualitative analysis of the Dimethyl Carbonate market, the research provides a comprehensive examination of the drivers, restraints, opportunities, and challenges influencing market growth across the globe. It also discusses the competitive strategies adopted by major market players such as Ube Industries Ltd. (Japan), Merck KGaA (Germany), Alfa Aesar (UK), Lotte Chemical (South Korea), Kowa Company Ltd. (Japan), Kishida Chemical Co. Ltd. (Japan), Tokyo Chemical Industry Co., Ltd. (Japan), Shandong Shida Shenghua Chemical Group Co., Ltd. (China), Guangzhou Tinci Materials Technology Co., Ltd. (China), Haike Chemical Group (China), Dongying Hi-tech Spring Chemical Industry Co., Ltd. (China), Hebei New Chaoyang Chemical Stock Co., Ltd. (China), Shandong Depu Chemical Industry Science and Technology Co., Ltd. (China), Connect Chemicals (Germany) and Qingdao Aspirit Chemical Co., Ltd. (China).

Research Coverage:
The report defines, segments and projects the market size of Dimethyl Carbonate based on application, end-use industry, quality and region. It strategically profiles key players and thoroughly analyzes their market share and core competencies.

It also tracks and analyzes competitive developments, such as expansions and joint ventures undertaken by them in the market.

Reasons to buy the report:
This report is expected to help market leaders/new market entrants by providing the closest approximations of revenue figures for the Dimethyl Carbonate market and its segments. The report is also expected to help stakeholders better understand the competitive landscape of the market, gain insights to improve their businesses’ position, and develop appropriate go-to-market strategies.

It also allows stakeholders to understand the pulse of the market and provides insights into key market drivers, restraints, challenges, and opportunities.
Read the full report: https://www.reportlinker.com/p05839709/?utm_source=GNW

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