Dimethyl Carbonate Market Report 2023: Sector is Expected to Reach 2.2 Billion by 2030 at a CAGR of 6.5%.
M2 PRESSWIRE-October 26, 2023-: Dimethyl Carbonate Market Report 2023: Sector is Expected to Reach 2.2 Billion by 2030 at a CAGR of 6.5%
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RDATE:25102023
Dimethyl Carbonate Market size is slated to reach USD 2.2 billion by 2030, according to a new research report by We Market Research
The Dimethyl Carbonate Market is valued at around USD 1.2 billion in 2022 and is expected to reach USD 2.2 billion by 2030, registering a CAGR of 6.5% over the forecast period. An organic solvent called dimethyl carbonate (DMC) is a colourless liquid. Polycarbonates are strong, transparent plastics with high heat resistance that are made possible by DMC. It can also be used to make pesticides for use in farming. Due to its low water solubility (0.002 percent), dimethyl carbonate has more potential uses in the detergent, paints and coatings, and pharmaceutical industries.
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The Dimethyl Carbonate Market - Growth Factor
Electronics, automobiles, agrochemicals, oil and gas, and other end-use industries can all benefit from using DMCs due to their intrinsic properties of non-toxicity, higher solubility, and biodegradability. These are the main factors propelling the DMC market. DMC is also used to replace chemicals like xylene, which is regarded as an environmental contaminant.
The shift in consumer behaviour toward sustainability is accompanied by an increase in green building projects, which call for the use of environmentally friendly and sustainable building materials. As a result, DMC is in high demand because it is both a sustainable and non-toxic material. As a result, the government's initiatives to create smart, sustainable cities and the booming construction industry both support and expand the DMC market.
The Dimethyl Carbonate Market - Market Trends
* The production of fuels and polymers requires the abundant element carbon. Dimethyl carbonate traders have been forced to turn carbon dioxide (CO2) into chemical precursors like dimethyl carbonate due to carbon's non-toxic properties (DMC).
* Since traditional methods like phosgenation have drawbacks like the use of lethal poisonous and corrosive phosgene gas and the creation of significant amounts of inorganic salts, it is expected that this trend will persist.
* As a result, players in the dimethyl carbonate market are stepping up R&D to improve their...
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