North and Central America Dimethyl Carbonate Market

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.

North and Central America Dimethyl Carbonate Strategic Insights

Strategic insights for the North and Central America Dimethyl Carbonate provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

North and Central America Dimethyl Carbonate Report Scope

North and Central America Dimethyl Carbonate Regional Insights

The geographic scope of the North and Central America Dimethyl Carbonate refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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

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• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segments of the North and Central America dimethyl carbonate market
• Obtain market revenue forecast for market by various segments from 2019 to 2027 in APAC region

North and Central America Dimethyl Carbonate Market Segmentation

By Application

• Polycarbonate
• Solvents
• Pharmaceuticals
• Battery Electrolyte
• Others

By Grade

• Industry Grade
• Pharmaceuticals Grade
• Battery Grade

By End Use Industry

• Plastics
• Paints & Coatings
• Pharmaceuticals
• Batteries
• Others

By Country

• US
• Canada
• Mexico
• El Salvador
• Costa Rica
• Panama
• Rest of Central America

Company Profiles

• Alfa Aesar
• Hebei New Chaoyang Chemcial Stock Co. Ltd.
• Kowa American Corporation
• Merck KGaA
• Ube Industries Ltd.