Global Dimethyl Carbonate Market 2017-2021
About Dimethyl Carbonate
Dimethyl carbonate or DMC (CH3OC(O)OCH3) is a non-toxic organic compound, which has versatile properties and exhibits high reactivity to chemicals and metals. It is generally colorless, flammable, and distinguished as a carbonate ester.
DMC is used as a methylating agent and as an intermediate to produce polycarbonate. For instance, bisphenol-A polycarbonate (PC) is manufactured through a transesterification between bisphenol-A (BPA) and DMC.
Technavio’s analysts forecast the global dimethyl carbonate market to grow at a CAGR of 6.41% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global dimethyl carbonate market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Dimethyl Carbonate Market 2017-2021
Technavio recognizes the following companies as the key players in the global dimethyl carbonate market: Akzo Nobel, Merck, UBE INDUSTRIES, HaiKe Chemical Group, and TONGLING JINTAI CHEMICAL INDUSTRIAL
Other Prominent Vendors in the market are: Alfa Aesar, Thermo Fisher Scientific, Dongying City Longxing, Chaoyang Chemicals, PANAX ETEC, Kishida Chemical, Kowa India, GuangDong JinGuang High-Tech Co., and Guangzhou Tinci Materials Technology.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is The flourishing automotive and electronics industries. Polycarbonate (produced using DMC) is extensively used in the automotive and electrical and electronics industries owing to its unique properties such as creep modulus, dimensional stability, heat resistance, dimensional stability electrical insulation, and superior light transmission. The main reason for the growth of DMC market is mainly because of the increasing disposable income of end-users and upgrading lifestyles.”
According to the report, one of the major drivers for this market is High demand for DMC for polycarbonate production. DMC is widely used for producing polycarbonate. The properties of polycarbonate are the superior light transmission, creep modulus, dimensional stability, heat resistance, and electrical insulation. Thus, it is extensively used in automotive parts and electrical and electronics equipment. The demand for polycarbonate is mainly driven by the growth and expansion of the automotive and electrical and electronics industries.
Further, the report states that one of the major factors hindering the growth of this market is Phosgene: Highly toxic raw material used for synthesis of DMC. DMC is usually synthesized by the reaction of phosgene with methanol in the presence of sodium hydroxide. Phosgene used in the process is highly toxic to the environment as it causes pollution when comes in contact with air or water. In addition, phosgene causes cancer, respiratory diseases and heart strokes in humans. The disposal of phosgene is also very difficult. Manufacturers and consumers are not opting for phosgene-based DMC. The eco-friendly routes for the synthesis of DMC have disadvantages of low yield. For instance, when urea and methanol are used to produce DMC, it results in about 50% yield of the final product. Thus, it poses a significant challenge to the market.
Akzo Nobel, Merck, UBE INDUSTRIES, HaiKe Chemical Group, and TONGLING JINTAI CHEMICAL INDUSTRIAL, Alfa Aesar, Thermo Fisher Scientific, Dongying City Longxing, Chaoyang Chemicals, PANAX ETEC, Kishida Chemical, Kowa India, GuangDong JinGuang High-Tech Co., and Guangzhou Tinci Materials Technology.