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Ethyl Methyl Carbonate Market Analysis

Report ID: GMI5418
Published Date: Jan 2023
Report Format: PDF

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Ethyl Methyl Carbonate Market Analysis

By application, the ethyl methyl carbonate market from the chemical solvent segment is projected to grow at around 17% growth rate through 2032 attributed to the high demand for paints & coatings from the automotive, shipbuilding, and aerospace & defense industries. Moreover, manufacturers are focusing on enhancing their products and services to gain a competitive edge in the sector, which is slated to support segment growth.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of ethyl methyl carbonate exceeded USD 1 billion in 2022 and is forecast to grow at over 17.5% CAGR from 2023 to 2032 driven by the rising demand for lithium batteries.

The chemical solvent segment is projected to observe nearly 17% growth rate through 2032, attributed to the high demand for paints & coatings from the construction, automotive, shipbuilding, and aerospace industries.

Europe market is set to reach USD 2 billion by 2032 owing to the growing inclination towards electric vehicles and the presence of major automotive manufacturers across the region.

Tangshan Solvents Trading Co., Ltd., TCI America, Inc., Mitsui Fine Chemicals, Mitsui Fine Chemicals, Shandong Lixing Chemicals Co., Ltd., Merck, Liaoning Huifu Chemical Co., Ltd., Vizag Chemical, and Wego Chemical Group, among others, are some key enterprises operating in the global market.