Market Introduction
Dimethyl carbonate (DMC) is a non-toxic inorganic compound with chemical formula OC(OCH₃)₂. It is colorless, flammable and can be classified as a carbonate ester. DMC was produced by reacting phosgene with methanol; however, due to the toxic nature of phosgene gas, it is now produced by oxidation of methanol carbonylation or transesterification. It can be easily mixed with almost all organic solvents, including alcohols, and ethers and ketones, among others. It is also used in diverse applications such as fuel additives, pesticides, pharmaceuticals, solvents, and others.
DMC is used as an intermediate in the synthesis of polycarbonate. Polycarbonate is a group of thermoplastic polymer that contain carbonate groups in their chemical structures. Due to its toughness, transparency, and strength, polycarbonate is used in engineering. It can be easily molded, worked, and thermoformed. The rise in the production of polycarbonate due to the increasing demand in the electronics and automotive industries are subsequently aiding in the segment growth. DMC is considered a better alternative to traditional solvents used in paints owing to no volatile organic compounds (VOCs) emissions and no environmental impact. Besides, its solubility is similar to the mixture of solvents consisting of naphtha light aromatics, making DMC one of the most suitable solvents for paints. With the consistent surge in the construction industry across North America and Central America, the overall paints & coatings industry is expected to grow in the region. This would ensure a high growth rate for the DMC market in the coming years.
Market Overview and Dynamics
The North and Central America dimethyl Carbonate was valued at US$ 110.30 million in 2019 and is projected to reach US$ 153.00 million by 2027; it is expected to grow at a CAGR of 4.3% from 2020 to 2027. Surging polycarbonates and paints & coatings industry and growing аррlісаtіоns in реѕtісіdеѕ and рhаrmасеutісаlѕ іnduѕtrу is expected to drive the demand for DMC in North and Central America.
Key Market Segments
Based on application, the North and Central America dimethyl carbonate market is categorized into polycarbonate, solvents, pharmaceuticals, battery electrolyte, and others. In 2019, the polycarbonate segment led the dimethyl carbonate market. Based on grade, the market is classified into industry grade, pharmaceutical grade, and battery grade. Industry grade segment has accounted for highest market share in 2019. Based on end use industry, the market is bifurcated into plastics, paints & coatings, pharmaceuticals, batteries, and others. Plastics segment is expected to grow at fastest CAGR during the forecast period.
Effect of COVID-19 on North America and Central Dimethyl Carbonate Market
The COVID-19 outbreak initiated in Wuhan (China) in December 2019, but later it reached almost all major parts of the world. The outbreak, which later turned into a pandemic, has adversely affected the chemicals & materials industry due to the lockdowns imposed by various countries to contain the spread of infection, which ultimately resulted in supply chain breaks, technology event cancellations, and office shutdowns. The disruption of operations at plants and factories is also affecting manufacturing, delivery schedules, and goods sales in North and Central America. Countries such as the US, Mexico, Canada, Panama, Costa Rica, and El Salvador have recorded the highest number of confirmed cases of COVID-19 among all the countries in this region.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the dimethyl carbonate market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Alfa Aesar, Hebei New Chaoyang Chemcial Stock Co. Ltd., Kowa American Corporation, Merck KGaA, and Ube Industries Ltd.
Reasons to buy report
North and Central America Dimethyl Carbonate Market Segmentation
By Grade
By End Use Industry
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 110.30 Million |
| Market Size by 2027 | US$ 153.00 Million |
| CAGR (2020 - 2027) | 4.3% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Application
|
|
Regions and Countries Covered
|
|
| North and Central America | |
| Market leaders and key company profiles |
|
The North and Central America Dimethyl Carbonate Market is valued at US$ 110.30 Million in 2019, it is projected to reach US$ 153.00 Million by 2027.
As per our report North and Central America Dimethyl Carbonate Market, the market size is valued at US$ 110.30 Million in 2019, projecting it to reach US$ 153.00 Million by 2027. This translates to a CAGR of approximately 4.3% during the forecast period.
The North and Central America Dimethyl Carbonate Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North and Central America Dimethyl Carbonate Market report:
The North and Central America Dimethyl Carbonate Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North and Central America Dimethyl Carbonate Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North and Central America Dimethyl Carbonate Market value chain can benefit from the information contained in a comprehensive market report.
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