Dimethyl Carbonate Market SWOT Analysis Of Top Key Player Forecasts Dimethyl Carbonate Market - Global Industry Analys

Dimethyl Carbonate Market - Global Industry
Analysis, Size, Share, Growth, Trends and
Forecast 2015 - 2023
Global Dimethyl Carbonate Market: Snapshot
The two key drivers of dimethyl carbonate production are two of its largest
applications in the industries of polycarbonates and paints and coatings.
Polycarbonates are currently in very high demand from the rapidly growing end-user
industries of automotive and electronics. Both industries are currently in full swing
and are expected to continue growing in the near future. As a result, the higher
demand for polycarbonates becomes a driver for the manufacture of dimethyl
carbonate. Similarly, the paints and coatings industry is being boosted by the
construction industry, consequently upping the demand for dimethyl carbonate.
With all these factors of influence in place, the global market for dimethyl carbonate
is expected to progress at a CAGR of 6.6% between 2015 and 2023 in terms of
revenue. By the end of 2016, this market revenue should be reaching US$440 mn.
By the end of 2023, the market is expected to be valued at US$690.1 mn. In terms
of volume, dimethyl carbonate global production is expected to weigh in at 599 kilo
tons.
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carbonate-market.html
Asia Pacific Demand for Dimethyl Carbonate on the Rise
By the end of 2023, the Asia Pacific demand for dimethyl carbonate is expected to
be at 49.26% of the market. Europe comes in at second place in terms of demand,
followed by North America in third.
China is a massive contributor to the Asia Pacific demand for dimethyl carbonate.
Together with Japan, the two regions are expected to take up more than three
quarters of the total dimethyl carbonate volume in Asia Pacific by 2023. In fact,
China is considered to be a top producer and consumer of dimethyl carbonate in the
world currently, as the players in this country also export large quantities of
dimethyl carbonate to emerging economies.
Europe recognized dimethyl carbonate as a non-toxic chemical in 1992, after which
it steadily started to replace chloromethane, phosgene, and methyl chloroformate in