Global Dimethyl Carbonate Market Size By Application, By End-User, By Geographic Scope And Forecast

Report Highlights

Dimethyl Carbonate Market Size And Forecast

Dimethyl Carbonate Market was valued at USD 0.89 Billion in 2019 and is projected to reach USD 1.43 Billion by 2027, growing at a CAGR of 6.2% from 2020 to 2027.

Global Dimethyl Carbonate Market Outlook

Dimethyl carbonate id important raw material for production of polycarbonate and owing to its good polarity, biodegradability ad reactivity it is being used as fuel additives and cleaning agent. Moreover, rising demand from paints and coating fueling the market growth. In addition, green synthesis of dimethyl carbonate from carbon dioxide is anticipated to driving market growth. However, outbreak of COVID-19 has shown negative impact on dimethyl carbonate market due to disruption in logistics. However, permitting guidelines for manufacturing dimethyl carbonate and failure to implement advance technology to create desirable manufacturing process is restricting the market growth. Nonetheless, rising demand for dimethyl carbonate for lithium-ion batteries where, dimethyl carbonate is act as electrolyte is expected to generate huge opportunities over the forecast period.

Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The Global Dimethyl Carbonate Market is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.