Dimethyl Carbonate (DMC) Market Size, Share, Competitive Landscape and Trend Analysis Report, by Application and, by End Use : Global Opportunity Analysis and Industry Forecast, 2023-2032

COVID-19 Impact analysis

• Ongoing COVID-19 pandemic is adversely impacting the dimethyl carbonate market. The novel virus is disturbing supply chains and affecting the business in China, since Chinese producers are heavy users of polycarbonate and lithium battery manufacturing. Due to lockdown in most countries that have an upsurge in the number of COVID-19 patients, manufacturing plants have been temporarily put to a halt until the infection subsides.
• The COVID-19 outbreak has caused a sluggishness in the manufacturing of polycarbonates and lithium-ion batteries in China. As such, more than half of the DMC in China is being manufactured via green synthesis of propylene carbonate (PC) and methanol to follow the environmental regulations. Manufacturers are zeroing in towards various types of ionic liquids that play a critical role in the synthesis of DMC.

Top Impacting Factors
Characteristics of dimethyl carbonate for instance non-toxicity, biodegradability and high solvency make it as one of the perfect organic chemicals to be used in various end-use industries. Hence, it is progressively taking the place xylene, benzene, ethyl, acetone and other chemicals as a solvent which is reasoned as one of the critical factor for the development of the dimethyl carbonate market. Also, its utilization in the paints and coatings industry is anticipated to boost the growth of the dimethyl carbonate market because of the current boom in the construction industry.
However, the demand for dimethyl carbonate is on a global rise; the manufacturers are facing some challenges that are projected to hinder the anticipated growth. Permitting guidelines for the producers of dimethyl carbonate are stringent owing to which manufacturers face tough time getting the license, which may negatively affect the growth in the long run. Also, obstacles in implementation of the advanced technology to make desirable process environment is also anticipated to restraint the growth of the dimethyl carbonate market during the forecast period.
Market Trends

• Asia-Pacific is anticipated to be one of the dominant forces in the global dimethyl carbonate market because of the high demand for the polycarbonate in the automotive & electronics industry in the region. Increase in per capita income is also one of the substantial factors for the growth of the dimethyl carbonate market in the region. Europe and North America are anticipated to record substantial growth during the forecast period because of high adoption of environment-friendly chemicals as an intermediate
• LAMEA is anticipated to witness steady growth in the demand for dimethyl carbonate because of surge in demand for paints and coatings from the construction industry. Thus, the overall dimethyl carbonate market is anticipated to experience healthy and steady growth during the forecast period
• The Asia Pacific region accounted forone of the largest share of the dimethyl carbonate market. China, India, Japan, and South Korea are key nations contributing to the increased demand for dimethyl carbonate in this region. In China, Japan, Korea, Thailand, and Taiwan, dimethyl carbonate is primarily utilized in the production of polycarbonates, on the other hand in India, it is prominently consumed by the pharmaceutical, paints & coatings, and agrochemical industries to produce different products such as medicines, paints, and pesticides.

Key Benefits of the Report

• This study presents the analytical depiction of the dimethyl carbonate (DMC) market industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the dimethyl carbonate (DMC) market market share.
• The current market is quantitatively analyzed to highlight the dimethyl carbonate (DMC) market market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed dimethyl carbonate (DMC) market market analysis based on competitive intensity and how the competition will take shape in coming years

Questions answered in the dimethyl carbonate (DMC) market Report

• Who are the leading market players active in the dimethyl carbonate (DMC) market market?
• What current trends will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What future projections would help in taking further strategic steps?