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Ethyl Methyl Carbonate Market Size
- Report ID: GMI5418
- Published Date: Jan 2023
- Report Format: PDF
Ethyl Methyl Carbonate Market Size
Ethyl Methyl Carbonate Market size valued at USD 1 billion in 2022 and is anticipated to record 17.5% CAGR from 2023 to 2032. Growing demand for lithium batteries will accelerate the business growth.
The proliferating adoption of lithium-ion batteries following the economic downturn and the rising demand for EVs worldwide, which has stimulated the usage of lithium batteries on a large scale is expected to contribute the industry growth. Additionally, ethyl methyl carbonate is exempted from regulations imposed on volatile organic compounds in the U.S., which is promoting North America market revenue. Ethyl methyl carbonate market participants are making strategic investments in R&D and battery cell manufacturers are increasing their production capacity to improve their market standing and achieve economies of scale.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Ethyl Methyl Carbonate Market Size in 2022: | USD 1 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 17.5% |
| 2032 Value Projection: | USD 6 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 185 |
| Tables, Charts & Figures: | 211 |
| Segments covered: | Application and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Production complexities to limit market progression
The production of an azeotropic system through transesterification between ethanol and high-purity dimethyl carbonate (DMC) makes energy consumption and separation more challenging, which is hindering market expansion. However, several companies are taking initiative to develop new manufacturing processes, which is likely to positively influence business growth.
Frequently Asked Questions (FAQ) :
Ethyl Methyl Carbonate Market Scope
