Dimethyl Carbonate Market Analysis

Dimethyl Carbonate Market Analysis

Dimethyl carbonate market from polycarbonate is poised to cross USD 840 million by 2028. Polycarbonate is a transparent thermoplastic that offers design freedom, cost reductions, and aesthetic enhancements to manufacturers & designers. It is known for its capability to maintain strength & color over a long period. It is an extremely transparent & clear plastic that can transit almost 90% light similar to glass. Polycarbonate sheets, which are produced in a wide range of shades, can be subjected to customization, depending on the requirement. Polycarbonate is capable of blocking Ultraviolet (UV) radiation and offering protection from harmful UV rays. It is thermally stable, up to 135°C, and its heat resistance can be further enhanced by adding flame retardants. Owing to the versatile characteristics of polycarbonates, they have various applications, thus leading to the increasing demand for the dimethyl carbonate industry.
 

Asia Pacific dimethyl carbonate market will generate a demand of over 200 kilo tons by 2028. The rising application of dimethyl carbonates in the synthesis of polycarbonates, mainly in China, Japan, Malaysia & India, will propel product demand in Asia Pacific. China alone produces around 30% of the global polycarbonates. The incrementing usage of dimethyl carbonates as a solvent in various end-use industries such as automotive, pesticides, and paints & coatings will favor the regional market statistics. The presence of small & medium-sized manufacturers, particularly in China, will support the APAC industry demand. The development of green dimethyl carbonates is considered to be an opportunity for the product in the near future.