Dimethyl Carbonate Market Projected to Reach USD 3.25 Billion by 2032 | Increasing Use in Battery Electrolytes Industries Fuels Market Growth | Report by SNS Insider [Yahoo! Finance]
BASF SE S/ADR (BASFY)
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Source: Yahoo! Finance
The growing demand for polycarbonate as a green revolution for a sustainable shift, increasing emphasis on sustainable and eco-friendly chemicals, and the demand for DMC as a green, safer, and eco-friendly alternative in the automotive, pharmaceutical, and electronics industries are the primary drivers of the growing demand for Dimethyl Carbonate (DMC). (Source: SNS Insider Report) Industry grade (99.0 weight %) held the largest market share around 42% in 2023, mainly used in polycarbonate production, liquid-type electrolytes for lithium-ion batteries, and in methylation and carbonylation processes in pharmaceutical and agrochemical industries. (Source: SNS Insider Report) Paint and coatings held the largest market share around 28% in 2023, due to its superior characteristics as a multifunctional solvent and green substitute to conventional solvents, extensively employed in synthetic paints and coatings. (Source: SNS Insider Report) The Asia-Pacific region dominated the Dimethy
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