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Dimethyl Carbonate Market Size 2024 Is Seeking Business Across Emerging Application for Paints & Coatings Industry

Author : Ronak Bora | Published Date : 2019-08-06 

Dimethyl Carbonate Market will positively influence by growing paints & coatings industry due to escalating construction sector. The product is an economic and offers superior solubility characteristics. In 2015, paints &coatings industry generated revenue more than USD 110 billion and is forecast to touch USD 165 billion by 2024, with close to 4% growth. Increasing paints & coatings demand owing to its broad application spectrum in construction, automotive parts and industrial will consequently propel the dimethyl carbonate market.

Global dimethyl carbonate market share is experiencing inclining growth in the past few years owing to its environment friendly chemical regulations and its competitive price. Its manufacturing technology requires to undergo various stringent guidelines formulated by the license providers, this may hamper industry growth during the forecast period. Furthermore, difficulty synced with technology implementation may further obstruct growth. However, increasing product capability to substitute ethanol as a fuel additive, mainly due to its low toxicity, low vapor pressure and high boiling point will complement industry growth significantly. It also exhibits valued added emission characteristics making it desirable to find application in transportation fuel.

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Dimethyl Carbonate Market is projected to sketch a profitable roadmap over the years ahead, subject to the extensive product usage in pesticides, polycarbonates, pharmaceuticals, and solvents. Thriving paints & coatings sector, which is expected to accrue USD 165 billion by 2024, is likely to push the product revenue curve in the upward direction. Rapidly expanding electronics & automotive sectors across APAC along with rise in the number of construction activities in BRIC countries are expected to contribute considerably toward the business expansion.

North America dimethyl carbonate market size, which was estimated at more than USD 90 million in 2015, is projected to expand remarkably over the coming seven years. Favorable government policies to improve the public infrastructure along with scaling up of the construction activities is anticipated to support the business expansion. U.S. dimethyl carbonate industry is likely to be a major revenue driver.

Dimethyl carbonate market share in the solvent sector is anticipated to grow at a CAGR of more than 6% over the coming seven years. The ability to provide exceptional solubility, odor, and low rate of evaporation is expected to make the product more useful in coating resins, concrete coatings, auto refinish, steel drum linings, architectural coatings, floor coatings, and traffic paints. Eco-friendly nature of the product along with its low costs are projected to enhance its demand in the production of solvents and automotive fuels, thereby catalyzing the growth of dimethyl carbonate industry. According to Global Market Insights, Inc., “Dimethyl carbonate Market, which generated a revenue of more than USD 410 million in 2015, is anticipated to hit USD 738.2 million by 2024.

Dimethyl Carbonate Market players are adopting key business growth strategies such as new product development and high R&D funding to increase their ROI. AkzoNobel N.V., HaiKe Chemical Group Limited, EMD Millipore Corporation, Sigma-Aldrich Corporation, All-Chemie Limited, Alfa Aesar, Shandong Shida Shenghua Chemical Group Company Limited, UBE Industries Limited, Dongying City Longxing Chemical Company Limited, and Tangshan Chaoyang Chemical Company Limited are the key participants of dimethyl carbonate industry.

Browse key industry insights spread across 105 pages with 89 market data tables & 12 figures & charts from the report, “Dimethyl Carbonate Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/dimethyl-carbonate-market

Glimpse of Table of Content (ToC)

Chapter 3.   Dimethyl Carbonate Market Insights

3.1.   Dimethyl Carbonate Market segmentation

3.2.   Dimethyl Carbonate Market Size and forecast, 2013 - 2024

3.3.   Dimethyl Carbonate Market ecosystem analysis

3.4.    Industry Impact forces

3.4.1.   Growth drivers

3.4.1.1. Robust growth in polycarbonate industry

3.4.1.2. Increasing product demand in paints & coatings

3.4.2.   Industry pitfalls & challenges

3.4.2.1. Obstructive permitting guidelines along with and difficulty associated in implementing advanced technology

3.5.   Growth potential analysis

3.6.   Porter's analysis

3.7.   PESTEL analysis

3.8   Pricing trends

3.9   Regulatory trends

3.10     Competitive landscape, 2015

3.10.1.  Strategy dashboard

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/dimethyl-carbonate-market

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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