Dimethyl Carbonate (DMC) Market to Witness Robust Expansion by 2030 with Prominent Key Players: TCI AMERICA, KOWA AMERICAN, Alfa Aesar

-
Market Industry Reports (MIR) has published a new report titled “Dimethyl Carbonate (DMC) Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020–2030.” According to the report, the global Dimethyl Carbonate (DMC) market accounted for over US$ 700 million in 2019. It is anticipated to grow at a CAGR of 4.11% from 2020 to 2030.
The growing use of DMC as a chemical intermediate for the synthesis of polycarbonate and chemical reagent for reactions of methylation & methoxycarbonylation are the major factors driving the market. Moreover, the increasing demand for DMC from South Korea, Japan, the U.S., and China to utilize it in the manufacture of paints & coatings and adhesives is another factor driving market growth. Also, its growing adoption in the manufacture of lithium-ion batteries is supplementing growth.

Comments

Post a Comment

Popular posts from this blog

How Have AI and Machine Learning Reshaped the Fire Alarm and Detection System Industry in 2024?

-
Image
Fire alarm and detection systems are electronic devices designed specifically to discover fires early in their development stage. They are regularly used in residential and commercial spaces to alert the occupants of a possible fire outbreak, thereby reducing property loss and casualties. These gadgets generally feature smoke detectors, temperature sensors, microcontroller panels, and electronic alarms to evaluate signals and provide accurate alerts. Nowadays, these systems are directly connected to water sprinklers; once these alarms are activated, the sprinklers are automatically turned on to doze off the fire in its early stages. Opportunities presented by the advent of advanced fire detection systems Over the years, the fire alarm and detection system market has grown significantly. The sector, which accounted for $60.51 billion in 2020, is anticipated to attain a revenue of $98.90 billion by 2030, growing at a CAGR   of 5.0% during 2021-2030. Several consumer electro...
Read more

How is Quantum AI Accelerating the Drug Discovery Process?

-
Image
 Artificial intelligence consists of a synergistic assembly of enhanced optimization strategies with wide application in drug discovery and development, providing advanced tools for promoting cost-effectiveness throughout the drug life cycle. AI specifically brings together the potential to improve drug approval rates, reduce development costs, get medications to patients faster, and help patients comply with their treatments. Accelerated pharmaceutical development and drug product approval rates further benefit from quantum computing technology, which enables larger profits from patent-protected industry exclusivity. Accelerating the discovery process with AI and quantum mechanics In October 2024, Researchers at Southern Methodist University developed an innovative tool, SmartCADD, that combines artificial intelligence, quantum mechanics, and computer-assisted drug design to accelerate the discovery of new treatments for various diseases. This open-source virtual platform shif...
Read more

A Brief Overview of Energy Efficiency and Fossil Independence in Telecom Network Infrastructure Industry

-
Image
Telecommunication firms are not immune to the environmental impact faced by other industries. The sector’s energy consumption and electronic waste generation have increased in the last few years due to a rapidly expanding global network and the proliferation of energy-consuming devices. The preference for adopting sustainable methods across all industries has encouraged operators to build out infrastructure that supports high-speed communications. Although many operators have pledged to support climate initiatives, some sustainability strategies are unattainable without additional changes. The telecom industry’s impact on the environment is primarily through energy consumption, e-waste, and the use of materials that require mining or other harmful processes. Given the scale of operations and the rapid expansion of networks, the telecom industry is expected to adopt more sustainable practices to reduce its carbon footprint. Energy efficiency in data centers without quality compromis...
Read more