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Written by elijah001 » Updated on: July 25th, 2024
By the end of the quarter, Industry sentiments stabilized, and the price of Dimethyl Carbonate reached $608 per metric ton in December 2023.
The latest report by IMARC Group, titled "Dimethyl Carbonate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of the Dimethyl Carbonate Price Trend. This report delves into the price of Dimethyl Carbonate globally, presenting a detailed analysis, along with informative Dimethyl Carbonate Price Chart. Through comprehensive Dimethyl Carbonate Price analysis, the report sheds light on the key factors influencing these trend. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the Dimethyl Carbonate Demand, analyzing how it impacts Industry dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Dimethyl Carbonate Prices December 2023:
Report Offering:
The study delves into the factors affecting Dimethyl Carbonate price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/dimethyl-carbonate-pricing-report/requestsample
Dimethyl Carbonate Price Trend- Q4 2023
The market is primarily driven by the increasing demand for dimethyl carbonate (DMC) in various end-use industries, such as automotive, paints and coatings, and electronics. In the automotive sector, DMC is used as a fuel additive, which aids in reducing emissions and enhancing engine performance, thus aligning with stringent environmental regulations and the growing focus on sustainability.
Additionally, DMC is a key component in the production of polycarbonate and lithium-ion (Li-on) batteries, which are essential in the electronics industry and for electric vehicles (EVs). The growing popularity of EVs is driving the demand for DMC due to the necessity for high-performance, eco-friendly battery components.
Furthermore, the paint and coatings industry uses DMC as a solvent, benefiting from its low toxicity and biodegradability compared to traditional solvents, meeting increasing regulatory requirements for safer chemicals.
The shift towards green chemicals and sustainable industrial practices is catalyzing the demand for DMC as a safer alternative to phosgene and other toxic substances traditionally used in chemical syntheses.
Dimethyl Carbonate Industry Analysis
In China, the prices of DMC declined slightly in the domestic market during Q4 2023, continuing a week-on-week bearish trend. Towards the end of Q4, market sentiments stabilized, with prices showing no significant fluctuations between the first and second half of the quarter.
The primary reasons for the price decline were weak demand from downstream industries and consistent supply, leading to bearish market sentiment. By the end of the quarter, prices had reached a stable point. This stability followed a notable year-over-year and quarter-to-quarter decline, reflecting ongoing challenges in demand despite regular supply levels.
The North American DMC market showed fluctuating prices and a mixed trend during Q4 2023. Demand remained moderate, with consumers focusing on long-term orders rather than new purchases.
Early in the quarter, demand was unstable due to ample material availability. By November, increased consumer spending and market activities improved the economic landscape despite modest demand from downstream industries. Consumer confidence grew despite recession fears and inflation.
Procurement from battery manufacturers was weak, but the EV market maintained steady sales growth, even as the global EV battery market faced subdued demand.
The DMC market in Europe faced a bearish pricing trend during the fourth quarter of 2023, driven by subdued demand from key sectors like electrolyte solvent manufacturing. Despite minor improvements in manufacturing metrics, production in the Eurozone contracted, with new orders declining, indicating a prolonged downturn.
Persistent low demand continued through November and December, with high inventories and destocking activities among consumers contributing to negative market sentiment. Year-end holidays and reduced industrial activity led to further price decreases as manufacturing slowed or temporarily halted operations.
Regional Price Analysis:
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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