Dimethyl Oxalate Market is expected to expand at a CAGR of 5.2% by the end of 2032

Dimethyl Oxalate Market Forecast to 2032

According to a recent analysis by Persistence Market Research, the global dimethyl oxalate market is now valued at US$ 571.4 Mn, having grown by 4.9% year over year. By the end of 2032, the market for dimethyl oxalate is expected to be worth US$ 946.6 Mn, an increase in demand of 5.2% over the previous year.

Due to rapidly expanding demand in China and India, East Asia and South Asia & Pacific are expected to remain major regional markets for dimethyl oxalate firms. Persistence Market Research recently published a new report on the global dimethyl oxalate market. The report provides a detailed valuation of key market dynamics, such as the drivers, trends, opportunities, and restraints, along with detailed information about the market structure. This research report presents exclusive facts and figures about how the global dimethyl oxalate market will grow over the forecast period of 2022 to 2032.

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Dimethyl Oxalate is an ester of Dimethyl Carbonate and Oxalic Acid. Dimethyl carbonate is a colorless liquid with a slightly sweet odor. Dimethyl oxalate is used as a solvent in the production of pharmaceuticals, coatings, dyes, and plastics. It is also used in the textile industry as a dyeing agent. Dimethyl oxalate can be used to produce other chemicals such as methyl methacrylate, ethyl acrylate, and acrylic acid.

Growth of the market is expected to be mainly driven by the high demand for pesticides and fertilizers in the agricultural sector and the increasing production of APIs in the pharmaceutical Industry. In addition, dimethyl oxalate can be used as an alternative fuel in direct oxidation fuel, which will create more opportunities for market players over the coming years.

Dimethyl oxalate is an inexpensive additive that can improve the performance of direct oxidation fuel cells. It can be directly added to the anode compartment without the need for a separate fuel tank and monitoring equipment or feeding system.

Moreover, researchers have found that the maximum expected output of dimethyl oxalate fuel cells is 600 Wh/Kg, which is 5-10 times more specific energy than lithium-ion batteries. Direct oxidation fuel cells have high energy density and efficiency in electric vehicle batteries as compared to other battery technologies.

Key Players- 

Some of the key market players included in the report are

• UBE Corporation
• Merck KGaA
• Connect Chemical GmbH
• Nanjing Chegyi Chemical Co. Ltd.
• HefeiTNJ Chemical Industry Co. Ltd.
• Mudanjiang Fengda Chemical Corporation
• Zhonglan Industry Co. Ltd.
• Ningbo Jiasi Chemical Co. Ltd.
• Changzhou Yetai Fine Chemicals Research Institute Co. Ltd. and more

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Key Segments of Market

Persistence Market Research’s study on the global dimethyl oxalate market is divided into three significant segments -grade, application, and region. This report offers comprehensive data and information about the important market dynamics and growth parameters related to these categories.

Dimethyl Oxalate Market by Grade – Pharma, Industrial

Dimethyl Oxalate Market by Application – Pharmaceuticals, Agrochemicals, Plasticizers and Solvents, Metal Processing, Textiles, Others

Dimethyl Oxalate Market by Region – North America, Latin America, Europe, East Asia, South Asia &Pacific, Middle East &Africa

Research Methodology

In Persistence Market Research’s research report, exclusive research methodology is utilized to conduct comprehensive research on the development of the global dimethyl oxalate market, and reach conclusions on the future growth factors of the market. In this research methodology, secondary and primary research is utilized by analysts to ensure the precision and reliability of the conclusions.

Secondary resources are referred by analysts during the evaluation of the global dimethyl oxalate market study, which comprises facts and figures from industry associations, trade associations, white papers, trade journals, and external and internal databases. Analysts have thoroughly interviewed several industry experts, such as sales supervisors, sales operation managers, product portfolio managers, senior managers, market intelligence managers, marketing/product managers, engineering managers, and production managers to provide insightful information.

Comprehensive information acquired from primary and secondary resources is validated from companies operating in the global dimethyl oxalate market, to make Persistence Market Research’s projections on the growth prospects of the market more accurate and reliable.

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Key Questions Answered in Report-

Which region is anticipated to hold a prominent market share over the forecast period?
What will be the key driving factors propelling the demand for dimethyl oxalate during the forecast period?
How current trends will impact the global dimethyl oxalate industry?
Who are significant market participants in the market?
What are the crucial strategies of prominent players in the global dimethyl oxalate market to upscale their positions in this landscape?

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