Dimethyl Carbonate Market Synopsis

Dimethyl Carbonate Market Size is Valued at USD 1.23 Billion in 2023, and is Projected to Reach USD 3.22 Billion by 2032, Growing at a CAGR of 12.70% From 2024-2032.

The dimethyl carbonate market is a subsector of the global chemical industry that deals in the manufacture, sale, and distribution of dimethyl carbonate, an organic solvent that has several uses in industries including polycarbonate production, solvent, and fuel. The market is expanding as more consumers are becoming aware of green chemistry and DMC is recognized as a green solvent because it has low toxicity and is biodegradable. They include the growing concern of the public on the use of environmentally friendly practices and the enhanced and strict environmental policies in the market as some of the factors that are believed to fuel the growth of this market even further.

• Some of the key factors that play a vital role in the growth of the dimethyl carbonate market include multifunctionality, as DMC finds its use in various applications. Another key factor that has been majorly instrumental in the growth and expansion of the dimethyl carbonate market is the green aspect. The reason why DMC is qualified as the green solvent is that it does not include the toxic or carcinogenic composition, and it is easy for it to degrade. This has meant that its application has been extended to several sectors like pharmaceutical, paints and coatings, and electronics given the trend towards green products.
• One of the key trends that will benefit the consumption of dimethyl carbonate is the usage of dimethyl carbonate as a methylating agent in the synthesis of different chemicals. DMC is an economical reagent compared to the conventional methylating agents such as dimethyl sulfate, which is a toxic substance. The rising use of DMC as a monomer in the manufacture of polycarbonates, as a solvent, and for the synthesis of methylating agents is set to bolster the market. Furthermore, more awareness and the implementation of laws that support the use of environment-friendly chemicals are also anticipated to drive the demand for DMC in the future years.

Dimethyl Carbonate Market Trend Analysis

Driving Forces, The Rise of Dimethyl Carbonate in Green Chemicals

• The market for dimethyl carbonate or DMC is slowly but surely on the rise and there are several reasons for this. The first factor relates to the growth of customer concern for environmentally sustainable chemicals across many industries. DMC is a green chemical because it is non-hazardous to human health, non-carcinogenic, and biodegradable, which makes it better than other solvents. This has led to its increased application in areas of paints and coatings, drugs and medicine, and electrical and electronic products.
• Other drivers of the DMC market include the increasing need for LIBs, as mentioned in the previous section. LIBs employ a DMC as an electrolyte additive to improve the electrochemical performance and safety of the battery. Since the utilization of electric vehicles and storage systems for renewable energy sources is likely to grow in the future, LIBs are also expected to experience a similar trend, which in turn will lead to a higher demand for DMC.
• Nonetheless, there are some risks associated with the DMC market, such as changes in the cost of raw materials and restrictions on production. The cost of raw materials used in the preparation of DMC like methanol and carbon monoxide is flexible with market prices; therefore, a fluctuation in the cost of raw materials will in equal measure affect the price of DMC. Moreover, regulatory concerns could be a factor in the utilization and disposal of DMC, which may act as a hindrance to the market in certain regions with strict environmental standards.

Growing Demand for Eco-Friendly Solvents in the Chemical Industry

• The Dimethyl Carbonate (DMC) market presents a significant growth opportunity driven by the increasing demand for eco-friendly solvents in various chemical processes. As industries worldwide shift towards sustainable practices, DMC, known for its low toxicity and biodegradability, is gaining popularity as a green alternative to traditional solvents. Its application as a versatile chemical intermediate in the production of polycarbonates, pharmaceuticals, and pesticides further boosts its market potential.
• Additionally, regulatory pressures and consumer awareness are compelling manufacturers to adopt more environmentally friendly materials. DMC's role as a non-phosgene substitute in polycarbonate production positions it favorably in the market, especially in regions with stringent environmental regulations. The rise of electric vehicles and the growing lithium-ion battery market, where DMC is used as an electrolyte, further enhances its market prospects, making it a key player in the global push towards sustainability.

Dimethyl Carbonate Market Segment Analysis:

Dimethyl Carbonate Market Segmented on the basis of By Grade, application, and end-users.

By Grade, Industry Grade segment is expected to dominate the market during the forecast period

• DMC is usually available in different grades depending on the level of purity and the type of application it is going to be used for. The primary application of industrial DMC is for solvents purposes in industries such as paints and coatings, adhesives, and plastics. It is appreciated for its capability to dissolve a variety of materials, and its low toxicity compared to many other solvents. The industrial-grade DMC is defined by the manufacturer’s specifications and can be used in various applications while the pharmaceutical-grade DMC is of higher purity as it is used in applications such as in pharmaceuticals and personal care products. Pharmaceutical grade is employed as a solvent, reagent or as an intermediate in the synthesis of active pharmaceutical ingredients API. High purity DMC is used in the synthesis of battery-grade DMC which is then chemically processed to meet the purity standards necessary for use in lithium-ion batteries. DMC is produced in various grades where each grade is produced under certain production and quality control standards in order to meet the various needs of various industries.

By Application, Solvents segment held the largest share in 2024

• Nonetheless, dimethyl carbonate (DMC) is a versatile chemical that is used in a diverse spectrum of industries. In polycarbonate synthesis, DMC is a multifunctional monomer that is an important component in manufacturing of high-strength plastics applied in cars, electronics, and construction. In its role as a solvent, DMC is highly sought after because of its low toxicity and biodegradability, which has made it suitable for use in paints, coatings, adhesives, and cleaning agents. In the pharmaceutical industry, DMC can serve as a solvent, reagent, or intermediate in the synthesis of active pharmaceutical compounds and drug formulations. The agricultural industry uses DMC in the synthesis of pesticides since it serves as a good solvent and dispersing agent for the active ingredients. Moreover, DMC is used in other industries like electronics, textiles, and personal care products, which also contribute to the increased demand for DMC in the manufacturing sector.

Dimethyl Carbonate Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast period

• The Asia Pacific market for dimethyl carbonate (DMC) is showing a steady growth due to its large demand in various applications like automotive, electronics, pharmaceuticals, and paints & coatings. DMC is also employed as a solvent in these industries because it is non-toxic and environmentally beneficial. The market is also driven by increasing concern towards the use of conventional solvents and their ill-effects thus leading to the adoption of DMC.
• China is one of the major production and consumption hubs for Asia Pacific DMC. A primary customer of DMC is the electronics industry which has rapidly expanded in the country as well as the automotive industry. Furthermore, the growth in the pharmaceutical industries of the region is anticipated to propel the demand for DMC especially for its function in methylating agents and as a solvent in formulation of pharmaceuticals.
• However, the Asia Pacific DMC market has its share of issues like change in the prices of raw material and ambiguous regulatory policies. But as investments in research and development for new applications and production processes increase, the market can continue to expand in the years to come.

Active Key Players in the Dimethyl Carbonate Market

• UBE Corporation (Japan)
• Merck KGaA (Germany)
• Thermo Fisher Scientific Inc. (US)
• Lotte Chemical (South Korea)
• Kowa Company Ltd. (Japan)
• Kishida Chemical Co. Ltd. (Japan)
• Tokyo Chemical Industry Co., Ltd. (Japan)
• Shandong Shida Shenghua Chemical Group Co., Ltd. (China)
• Guangzhou Tinci Materials Technology Co., Ltd. (China)
• Others

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Dimethyl Carbonate Market by Grade
 4.1 Dimethyl Carbonate Market Snapshot and Growth Engine
 4.2 Dimethyl Carbonate Market Overview
 4.3 Industry Grade
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Industry Grade: Geographic Segmentation Analysis
 4.4 Pharmaceutical Grade
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Pharmaceutical Grade: Geographic Segmentation Analysis
 4.5 battery Grade
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 battery Grade: Geographic Segmentation Analysis

Chapter 5: Dimethyl Carbonate Market by Application
 5.1 Dimethyl Carbonate Market Snapshot and Growth Engine
 5.2 Dimethyl Carbonate Market Overview
 5.3 Polycarbonate Synthesis
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Polycarbonate Synthesis: Geographic Segmentation Analysis
 5.4 Solvents
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Solvents: Geographic Segmentation Analysis
 5.5 Pharmaceuticals
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Pharmaceuticals: Geographic Segmentation Analysis
 5.6 Pesticides
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Pesticides: Geographic Segmentation Analysis
 5.7 Others
  5.7.1 Introduction and Market Overview
  5.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.7.3 Key Market Trends, Growth Factors and Opportunities
  5.7.4 Others: Geographic Segmentation Analysis

Chapter 6: Dimethyl Carbonate Market by End-User
 6.1 Dimethyl Carbonate Market Snapshot and Growth Engine
 6.2 Dimethyl Carbonate Market Overview
 6.3 Paints & Coatings
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Paints & Coatings: Geographic Segmentation Analysis
 6.4 Plastics
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Plastics: Geographic Segmentation Analysis
 6.5 Batteries
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Batteries: Geographic Segmentation Analysis
 6.6 Adhesives
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Adhesives: Geographic Segmentation Analysis
 6.7 Others
  6.7.1 Introduction and Market Overview
  6.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.7.3 Key Market Trends, Growth Factors and Opportunities
  6.7.4 Others: Geographic Segmentation Analysis

Chapter 7: Company Profiles and Competitive Analysis
 7.1 Competitive Landscape
  7.1.1 Competitive Benchmarking
  7.1.2 Dimethyl Carbonate Market Share by Manufacturer (2023)
  7.1.3 Industry BCG Matrix
  7.1.4 Heat Map Analysis
  7.1.5 Mergers and Acquisitions
  
 7.2 UBE CORPORATION (JAPAN)
  7.2.1 Company Overview
  7.2.2 Key Executives
  7.2.3 Company Snapshot
  7.2.4 Role of the Company in the Market
  7.2.5 Sustainability and Social Responsibility
  7.2.6 Operating Business Segments
  7.2.7 Product Portfolio
  7.2.8 Business Performance
  7.2.9 Key Strategic Moves and Recent Developments
  7.2.10 SWOT Analysis
 7.3 MERCK KGAA (GERMANY)
 7.4 THERMO FISHER SCIENTIFIC INC (US)
 7.5 LOTTE CHEMICAL (SOUTH KOREA)
 7.6 KOWA COMPANY LTD (JAPAN)
 7.7 KISHIDA CHEMICAL CO LTD (JAPAN)
 7.8 TOKYO CHEMICAL INDUSTRY CO LTD (JAPAN)
 7.9 SHANDONG SHIDA SHENGHUA CHEMICAL GROUP CO LTD (CHINA)
 7.10 GUANGZHOU TINCI MATERIALS TECHNOLOGY CO LTD (CHINA)
 7.11 OTHER ACTIVE KEY PLAYERS

Chapter 8: Global Dimethyl Carbonate Market By Region
 8.1 Overview
 8.2. North America Dimethyl Carbonate Market
  8.2.1 Key Market Trends, Growth Factors and Opportunities
  8.2.2 Top Key Companies
  8.2.3 Historic and Forecasted Market Size by Segments
  8.2.4 Historic and Forecasted Market Size By Grade
   8.2.4.1 Industry Grade
   8.2.4.2 Pharmaceutical Grade
   8.2.4.3 battery Grade
  8.2.5 Historic and Forecasted Market Size By Application
   8.2.5.1 Polycarbonate Synthesis
   8.2.5.2 Solvents
   8.2.5.3 Pharmaceuticals
   8.2.5.4 Pesticides
   8.2.5.5 Others
  8.2.6 Historic and Forecasted Market Size By End-User
   8.2.6.1 Paints & Coatings
   8.2.6.2 Plastics
   8.2.6.3 Batteries
   8.2.6.4 Adhesives
   8.2.6.5 Others
  8.2.7 Historic and Forecast Market Size by Country
   8.2.7.1 US
   8.2.7.2 Canada
   8.2.7.3 Mexico
 8.3. Eastern Europe Dimethyl Carbonate Market
  8.3.1 Key Market Trends, Growth Factors and Opportunities
  8.3.2 Top Key Companies
  8.3.3 Historic and Forecasted Market Size by Segments
  8.3.4 Historic and Forecasted Market Size By Grade
   8.3.4.1 Industry Grade
   8.3.4.2 Pharmaceutical Grade
   8.3.4.3 battery Grade
  8.3.5 Historic and Forecasted Market Size By Application
   8.3.5.1 Polycarbonate Synthesis
   8.3.5.2 Solvents
   8.3.5.3 Pharmaceuticals
   8.3.5.4 Pesticides
   8.3.5.5 Others
  8.3.6 Historic and Forecasted Market Size By End-User
   8.3.6.1 Paints & Coatings
   8.3.6.2 Plastics
   8.3.6.3 Batteries
   8.3.6.4 Adhesives
   8.3.6.5 Others
  8.3.7 Historic and Forecast Market Size by Country
   8.3.7.1 Bulgaria
   8.3.7.2 The Czech Republic
   8.3.7.3 Hungary
   8.3.7.4 Poland
   8.3.7.5 Romania
   8.3.7.6 Rest of Eastern Europe
 8.4. Western Europe Dimethyl Carbonate Market
  8.4.1 Key Market Trends, Growth Factors and Opportunities
  8.4.2 Top Key Companies
  8.4.3 Historic and Forecasted Market Size by Segments
  8.4.4 Historic and Forecasted Market Size By Grade
   8.4.4.1 Industry Grade
   8.4.4.2 Pharmaceutical Grade
   8.4.4.3 battery Grade
  8.4.5 Historic and Forecasted Market Size By Application
   8.4.5.1 Polycarbonate Synthesis
   8.4.5.2 Solvents
   8.4.5.3 Pharmaceuticals
   8.4.5.4 Pesticides
   8.4.5.5 Others
  8.4.6 Historic and Forecasted Market Size By End-User
   8.4.6.1 Paints & Coatings
   8.4.6.2 Plastics
   8.4.6.3 Batteries
   8.4.6.4 Adhesives
   8.4.6.5 Others
  8.4.7 Historic and Forecast Market Size by Country
   8.4.7.1 Germany
   8.4.7.2 UK
   8.4.7.3 France
   8.4.7.4 Netherlands
   8.4.7.5 Italy
   8.4.7.6 Russia
   8.4.7.7 Spain
   8.4.7.8 Rest of Western Europe
 8.5. Asia Pacific Dimethyl Carbonate Market
  8.5.1 Key Market Trends, Growth Factors and Opportunities
  8.5.2 Top Key Companies
  8.5.3 Historic and Forecasted Market Size by Segments
  8.5.4 Historic and Forecasted Market Size By Grade
   8.5.4.1 Industry Grade
   8.5.4.2 Pharmaceutical Grade
   8.5.4.3 battery Grade
  8.5.5 Historic and Forecasted Market Size By Application
   8.5.5.1 Polycarbonate Synthesis
   8.5.5.2 Solvents
   8.5.5.3 Pharmaceuticals
   8.5.5.4 Pesticides
   8.5.5.5 Others
  8.5.6 Historic and Forecasted Market Size By End-User
   8.5.6.1 Paints & Coatings
   8.5.6.2 Plastics
   8.5.6.3 Batteries
   8.5.6.4 Adhesives
   8.5.6.5 Others
  8.5.7 Historic and Forecast Market Size by Country
   8.5.7.1 China
   8.5.7.2 India
   8.5.7.3 Japan
   8.5.7.4 South Korea
   8.5.7.5 Malaysia
   8.5.7.6 Thailand
   8.5.7.7 Vietnam
   8.5.7.8 The Philippines
   8.5.7.9 Australia
   8.5.7.10 New Zealand
   8.5.7.11 Rest of APAC
 8.6. Middle East & Africa Dimethyl Carbonate Market
  8.6.1 Key Market Trends, Growth Factors and Opportunities
  8.6.2 Top Key Companies
  8.6.3 Historic and Forecasted Market Size by Segments
  8.6.4 Historic and Forecasted Market Size By Grade
   8.6.4.1 Industry Grade
   8.6.4.2 Pharmaceutical Grade
   8.6.4.3 battery Grade
  8.6.5 Historic and Forecasted Market Size By Application
   8.6.5.1 Polycarbonate Synthesis
   8.6.5.2 Solvents
   8.6.5.3 Pharmaceuticals
   8.6.5.4 Pesticides
   8.6.5.5 Others
  8.6.6 Historic and Forecasted Market Size By End-User
   8.6.6.1 Paints & Coatings
   8.6.6.2 Plastics
   8.6.6.3 Batteries
   8.6.6.4 Adhesives
   8.6.6.5 Others
  8.6.7 Historic and Forecast Market Size by Country
   8.6.7.1 Turkey
   8.6.7.2 Bahrain
   8.6.7.3 Kuwait
   8.6.7.4 Saudi Arabia
   8.6.7.5 Qatar
   8.6.7.6 UAE
   8.6.7.7 Israel
   8.6.7.8 South Africa
 8.7. South America Dimethyl Carbonate Market
  8.7.1 Key Market Trends, Growth Factors and Opportunities
  8.7.2 Top Key Companies
  8.7.3 Historic and Forecasted Market Size by Segments
  8.7.4 Historic and Forecasted Market Size By Grade
   8.7.4.1 Industry Grade
   8.7.4.2 Pharmaceutical Grade
   8.7.4.3 battery Grade
  8.7.5 Historic and Forecasted Market Size By Application
   8.7.5.1 Polycarbonate Synthesis
   8.7.5.2 Solvents
   8.7.5.3 Pharmaceuticals
   8.7.5.4 Pesticides
   8.7.5.5 Others
  8.7.6 Historic and Forecasted Market Size By End-User
   8.7.6.1 Paints & Coatings
   8.7.6.2 Plastics
   8.7.6.3 Batteries
   8.7.6.4 Adhesives
   8.7.6.5 Others
  8.7.7 Historic and Forecast Market Size by Country
   8.7.7.1 Brazil
   8.7.7.2 Argentina
   8.7.7.3 Rest of SA

Chapter 9 Analyst Viewpoint and Conclusion
9.1 Recommendations and Concluding Analysis
9.2 Potential Market Strategies

Chapter 10 Research Methodology
10.1 Research Process
10.2 Primary Research
10.3 Secondary Research