Lotte Chemical issued a plan to expand the company and intends to lay down a new production facility that will produce large-quality Organic solvents such as dimethyl carbonate for lithium-ion battery electrolytes.
Merck announced an investment of 22.9 million US dollars to enhance research & The ability to develop and manufacture from its site in Shizuoka Japan. New infrastructure to advance and speed up innovations in the electronics materials sector will be built under this plan.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 4890
Published Date: Aug 04, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing demand for dimethyl carbonate is the major factor driving the market growth.
The market size of dimethyl carbonate is anticipated to attain a CAGR of 10% over the forecast period, i.e., 2023 Ã¢â‚¬â€œ 2035.
The major players in the market are Alfa Aesar, Connect Chemicals, Dongying Hi-tech Spring Chemical Industry Co., Ltd., Guangzhou Tinci Materials Technology Co., Ltd., Haike Chemical Group, Hebei New Chaoyang Chemical Stock Co., Ltd., Kishida Chemical Co. Ltd., Kowa Company Ltd., Lotte Chemical, Merck KGaA, Shandong Depu Chemical Industry Science and Technology Co., Ltd., and others.
The polycarbonate synthesis is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.