What is Global Diethyl Carbonate (DEC) Market?
The Global Diethyl Carbonate (DEC) Market is a comprehensive study of the global market trends and growth prospects for Diethyl Carbonate, a versatile organic compound used in various industries. This market is a vast and complex network of manufacturers, suppliers, and consumers spread across the globe. The market's value was pegged at US$ 320.4 million in 2022, and it is projected to reach US$ 450.6 million by 2029. This indicates a steady growth rate, with a Compound Annual Growth Rate (CAGR) of 2.4% from 2023 to 2029. The market is dominated by the top five manufacturers, who collectively hold over 60% of the market share.
Battery Grade, Industrial Grade in the Global Diethyl Carbonate (DEC) Market:
The Global Diethyl Carbonate (DEC) Market is segmented into two main categories: Battery Grade and Industrial Grade. Battery Grade DEC is the more dominant segment, accounting for over 80% of the market. This is primarily due to its extensive use in the production of lithium-ion batteries, which are in high demand in various sectors, including automotive and electronics. Industrial Grade DEC, on the other hand, is used in a variety of applications, including as a solvent in pharmaceuticals and as a raw material in the production of synthetic fibers and resins. Despite its diverse uses, Industrial Grade DEC holds a smaller market share compared to Battery Grade DEC.
Electrolytes, Pharmaceuticals and Pesticides, Synthetic Fibres and Resins, Others in the Global Diethyl Carbonate (DEC) Market:
The Global Diethyl Carbonate (DEC) Market finds its applications in several areas, including Electrolytes, Pharmaceuticals and Pesticides, Synthetic Fibres and Resins, and Others. In the Electrolytes sector, DEC is used as a solvent in the production of lithium-ion batteries. In the Pharmaceuticals and Pesticides industry, DEC is used as a solvent and as a raw material in the synthesis of various drugs and pesticides. In the Synthetic Fibres and Resins industry, DEC is used as a raw material in the production of various synthetic fibers and resins. The "Others" category includes various other minor applications of DEC.
Global Diethyl Carbonate (DEC) Market Outlook:
The Global Diethyl Carbonate (DEC) Market outlook highlights the market's growth trajectory and the dominance of certain regions and segments. China is the largest market for DEC, holding over 70% of the market share. This is followed by Japan, which holds about 20% of the market share. The dominance of these two regions can be attributed to the high demand for DEC in various industries, including electronics and automotive, which are thriving in these regions. The Battery Grade segment is the largest product segment in the DEC market, holding over 80% of the market share. This can be attributed to the high demand for lithium-ion batteries, which extensively use DEC as a solvent.
| Report Metric | Details |
| Report Name | Diethyl Carbonate (DEC) Market |
| Accounted market size in 2022 | US$ 192.4 million |
| Forecasted market size in 2029 | US$ 476.6 million |
| CAGR | 16.8% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Shinghwa Advanced Material, Hi-tech Spring Material Technology, Tongling Jintai Chemical Industrial, Lixing New Material, Fushun Dongke, Shandong Feiyang Chemical, Yingkou Hengyang, Liaoning Konglung, Liaoyang Best Group, Liaoyang Dongchang Chemical |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
