Dimethyl Carbonate Market to Expand with Significant CAGR During 2025
Dimethyl
Carbonate or DMC with chemical formula C3H6O3 is a multi-purpose
chemical that showcases desirable properties such as low toxicity and
better solvency. It is a pale white colored chemical which is
flammable, highly reactive, and odorless. It was first manufactured
by the reaction of methanol with phosgene but due to extreme toxicity
of phosgene, the chemical is now manufactured through other methods
such as transesterification or the oxidation of methanol
carbonylation.
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Dimethyl
carbonate is primarily utilized as a methylating agent in the
synthesis of vitamins, anti-infective drugs, central nervous system
drugs, and analgesic and antipyretic drugs. It is used to manufacture
methyl isocyanate, a precursor for the manufacture of carbamate
pesticides, in the pesticide industry. It is an eco-friendly compound
that can be employed in the production of various chemicals, as a
solvent. It is known as an organic solvent since its invention in
1950s. It offers various advantages, as compared to conventional
organic solvents, such as ester acetates, and ethers.
The
global dimethyl carbonate market is anticipated to expand at a CAGR
of 5.5% from 2017 to 2025, and reach market value of US$ 553.3 Mn by
2025.
Usage
in Production of Polycarbonate to Remain Market’s Most Lucrative
Application
The
global dimethyl carbonate market has been segmented on the basis of
type of synthesis method into transesterification, oxidation of
methanol carbonylation, alcoholysis. The key applications of dimethyl
carbonate examined in the report include pharmaceuticals, pesticides,
solvents, alternative fuel additives, and polycarbonates where
dimethyl carbonate is used as intermediate material, as solvent, as
electrolyte, and as replacing ethanol owing to its low toxicity and
high octane number.
Polycarbonate
segment is one of the leading application of dimethyl carbonate
market; dimethyl carbonate is primarily employed as an intermediate
during the production process of polycarbonate. The application is
predicted to expand at a CAGR of more than 5% during the forecast
period. This is mainly due to growing popularity of polycarbonate in
end-use industries such as automotive and electronic industries which
in turn create the opportunity for dimethyl carbonate. Almost half of
the global production of dimethyl carbonate is utilized in the
manufacture of polycarbonates.
Asia
Pacific to Remain Leading Regional Force in Global Dimethyl Carbonate
Market
Geographically,
the market for dimethyl carbonate in Asia Pacific accounted for the
dominant share of the global dimethyl carbonate market in 2016, in
terms of both volume and value. In China and Japan, dimethyl
carbonate is mainly employed in the production of polycarbonates,
while in India, it is primarily consumed by the pharmaceutical
industry for manufacturing of antibiotics such as ciprofloxacin and
enrofloxacin. Europe is the second largest share of the global
dimethyl carbonate market in 2016.
North
America accounted for more than 20% share of the global market in
2016. Its share is estimated to decline and record sluggish growth
rate by the end of the forecast period. The dimethyl carbonate market
in Latin America and Middle East and Africa is also likely to expand
at a sluggish pace during the forecast period.
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Some
of the leading players operating in the global dimethyl carbonate
market are UBE Industries Limited, Alfa Aesar, HaiKe Chemical Group,
Tokyo Chemical Industry Co., Ltd. (TCI), Shandong Shida Shenghua
Chemical Group Co., Ltd., Arrow Chemical Group Corporation, and
Tongling Jintai Chemical Industrial Co., Ltd
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