Selbyville, Delaware,, March 23, 2023 (GLOBE NEWSWIRE) --
The ethyl methyl carbonate market valuation is estimated to cross USD 6 billion by 2032, as reported in a research study by Global Market Insights Inc.
Robust investments in Asia Pacific nations in varied sectors, such as electric cars, 3C consumer electronics, and solar energy consumption, have impelled the demand for lithium batteries, which is foreseen to favorably impact product uptake. In addition, the presence of major lithium battery producers viz., LG Chem, Samsung, Panasonic, and others, as well as the rapid proliferation of EVs in China and India, has increased the need for new energy vehicle power batteries, which is slated to drive the ethyl methyl carbonate market growth.
Furthermore, new product developments in the painting & coating sector as well as the electronics space are anticipated to support industry expansion through 2032.
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As per application, the agrochemicals segment is likely to grow at a 16.5% CAGR through 2032. The segment growth is attributed to the rising demand for food grains resulting from the expanding population and shrinking arable land. This is escalating the need for maximizing agricultural output with an emphasis on the effective use of pest management methods.
Regionally, America ethyl methyl carbonate market size is projected to reach USD 650 million by 2032 as several foreign manufacturers expand their operations in the American countries owing to the high product demand from the solvents, pharmaceuticals, batteries, and paints & coatings sectors. For instance, in July 2022, Japan-based chemicals expert UBE Corporation planned to build a dimethyl carbonate (DMC) and ethyl methyl carbonate (EMC) production plant in Louisiana. This plant was purposed to enable consistent supply to clients while also helping the company scale up in the future through downstream growth into environment-friendly goods.
Tangshan Solvents Trading Co., Ltd., Vizag Chemical, Mitsui Fine Chemicals, TCI America, Inc., Shandong Lixing Chemicals Co., Ltd., Mitsui Fine Chemicals, Merck, Liaoning Huifu Chemical Co., Ltd., and Wego Chemical Group are some major corporations engaged in the ethyl methyl carbonate market. These firms are focusing on product innovation, collaborations, and investments in novel technologies, thereby positively influencing the product landscape.
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Partial chapters of report table of contents (TOC):
Chapter 2 Executive Summary
2.1 Ethyl methyl carbonate industry 360º synopsis, 2018 - 2032
2.2 Business trends
2.3 Application trends
2.4 Regional trends
Chapter 3 Ethyl Methyl Carbonate Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2018 - 2032
3.2.1 Impact of COVID-19 outbreak
3.3 Industry ecosystem analysis
3.4 Regulatory landscape
3.5 Pricing analysis
3.6 Technology landscape
3.7 Innovation & sustainability
3.8 Industry impact forces
3.8.1 Growth drivers
3.8.2 Industry pitfalls and challenges
3.9 Porter’s analysis
3.10 PESTEL analysis
3.11 COVID-19 impact on demand for ethyl methyl carbonate by application
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About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
