Global Diethyl Carbonate (DEC) Market Size, Share, and COVID-19 Impact Analysis, By Grade Type (Industry Grade, Battery Grade, Others), By Application (Pharmaceuticals, Electronics, Manufacturing, Construction, Automotive, Chemical & Others), Distribution Channel (Online, Offline) and by Region (North America, Europe, Asia-Pacific, South America, Middle East, and Africa) Analysis and Forecast 2022-2030
Key Market Insights
Global Diethyl Carbonate (DEC) market is estimated to be valued at USD 739.3 Million in 2021 and is expected to reach USD 1,034 Million by 2030 at a CAGR of 5.3%. Diethyl carbonate, abbreviated as DEC, is a compound with the chemical formula OC that is an ester of carbonic acid and ethyl alcohol (OCH2CH3) 2. At room temperature, diethyl carbonate is a clear, colorless, sparkling liquid. Typically, it is made by reacting phosgene with ethanol, which results in the byproduct hydrochloric acid.
It serves a variety of purposes, including those of a solvent, precursor, textile auxiliary, and paint remover. The polycarbonates are strong, transparent polymers with good heat resistance that are made possible by diethyl carbonate. Due to its poor water solubility (0.002 percent), diethyl carbonate has more potential uses in the detergent, paints & coatings, and pharmaceutical industries.
COVID-19 ANALYSIS:
The market for diethyl carbonate is being negatively impacted by the ongoing COVID-19 pandemic. In most nations where COVID-19 cases are on the rise, there has been a state of lockdown, which has caused manufacturing facilities to temporarily stop operating until the virus passes. In China, production of lithium-ion batteries and polycarbonates has slowed down due to the COVID-19 pandemic.
High Market Demand for Polycarbonate to Generate Revenue
Numerous industries, including electronics, automotive, consumer products, building and construction, and many more, make substantial use of polycarbonate. Due to qualities including clarity, strength, heat resistance, and chemical resistance of the compound, diethyl carbonate is predicted to experience increasing demand from the electronics and automotive industries. Additionally, the rise of the automotive industry has contributed to the growth of the diethyl carbonate market.
Rising Demand in Pharmaceutical Sector to Augment Growth
The pharmaceutical industry's growing demand for the use of solvents in drug delivery systems will fuel market expansion. For instance, diethyl carbonate is utilized as a drug delivery solvent in the intramuscular injection of erythromycin. It also functions as an ingredient in the lithium batteries' electrolytes. Diethyl ether has been suggested as a fuel addition to help with cleaner diesel combustion, which will present a market expansion opportunity as a result of current developments in additives.
Volatility in Prices of Diethyl Carbonate is Hampering Market Growth
The raw materials which is used for the production of pigments, dyes, agrochemical products, medical and organic materials (polycarbonate, etc.) in the electric/electronic sector have fluctuating prices that are likely to hamper market growth. This price volatility causes changes in the cost of producing diethyl carbonate and will act as a market growth restraint.
Based on the grade type, the market is categorized into industry grade, battery grade & others. Based on the application, the market is categorized into pharmaceuticals, electronics, manufacturing, construction, automotive, chemical & others. Based on the technology type, the market is categorized into online & offline. Based on the region, the market is categorized into North America, Europe, Asia-Pacific, South America, Middle East and Africa.
North America is expected to dominate the market share owing to increasing demand from the pharmaceutical sector using green solvents. Additionally, the presence of major companies and well-established resources are likely to propel growth in the region. The demand for diethyl carbonate has also increased significantly due to automotive companies like Tesla focusing on electric vehicles that require advanced usage.
However, Asia Pacific Asia Pacific region is expected to witness the highest growth rate during the forecast period owing to the presence of China's largest manufacturing base. China and Japan are the biggest producers and consumers of diethyl carbonate, respectively. Rising demand for lithium-ion batteries from the electronics and automotive industries is also anticipated to fuel market growth in the region.
List of Key Companies Profiled:
• Arrow Chemical Group Corp
• Asahi Kasei
• Carbolite Gero
• Carcol Chemical
• Ceramic Engineering
• Chaoyang chemical
• Chongqing Changfeng
• Elite Thermal Systems
• Fluidtherm Product
• Fushun Dongke Fine Chemical
• Guangzhou Tinci Materials Product Co., Ltd.
• Keith Company
• Kishida Kagaku
• Kowa Company
• LABEC
• Lenton Furnaces
• Liaoning Huifu Chemical
• Merck KGaA
• Panax Etec
• Shandong Shida Shenghua Chemical Group Co., Ltd.
• Sigma Aldrich
• Tongling Jintai Chemical
• UBE Group
• Others
Key Industry Developments:
July 2021- Asahi Kasei conducted its first license agreement for a technology package to manufacture high-purity diethyl carbonate using CO2 as one of its main feedstocks.
Segmentation
By Grade Type
• Industry Grade
• Battery Grade
• Others
By Application
• Pharmaceuticals
• Electronics
• Manufacturing
• Construction
• Automotive
• Chemical
• Others
By Distribution Channel
• Online
• Offline
By Region
• North America- U.S., Mexico, Canada
• Europe- UK, France, Germany, Italy, Spain, Rest of Europe
• Asia-Pacific- China, Japan, India, South Korea, Rest of Asia Pacific
• South America- Brazil, Argentina, Colombia, Rest of South America
• The Middle East and Africa- GCC, South Africa, Rest of Middle East & Africa
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Global Diethyl Carbonate
- September-2022
- 1 4 8
- Global
- chemicals-and-advanced-materials
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