The dimethyl carbonate (DMC) market is experiencing robust growth due to its versatile applications across industries. It is a key intermediate in polycarbonate production, widely used in automotive, electronics, and construction sectors. As an eco-friendly solvent, DMC is replacing traditional volatile organic compounds (VOCs) in paints, coatings, and adhesives, driven by stringent environmental regulations. Its rising use in lithium-ion batteries for electric vehicles further bolsters demand. Asia-Pacific, particularly China, dominates the market due to significant industrial activity and consumer electronics manufacturing.
According to the research report, the global dimethyl carbonate market was valued at USD 1.13 billion in 2021 and is expected to reach USD 2.06 billion by 2030, to grow at a CAGR of 7.1% during the forecast period.
Key Market Trends: Dimethyl Carbonate (DMC)
- Growing Demand in Polycarbonate Production: DMC is widely used as an intermediate in polycarbonate production, driven by rising demand in the automotive and electronics industries.
- Eco-Friendly Alternative: DMC is increasingly adopted as a green solvent in paints, coatings, and adhesives due to its low toxicity and biodegradability.
- Surging Use in Lithium-Ion Batteries: Rising adoption of electric vehicles has boosted demand for DMC as an electrolyte solvent in lithium-ion batteries.
- Regulations Driving Adoption: Stricter environmental regulations favor DMC over traditional volatile organic compounds (VOCs).
- Expansion in the Asia-Pacific Region: The region, especially China and India, is witnessing significant growth due to industrialization and increased production of consumer electronics and automobiles.
Key Companies in Dimethyl Carbonate Market:
- Alfa Aesar
- Connect Chemicals
- Dongying Hi-tech Spring Chemical Industry Co.Ltd.
- Guangzhou Tinci Materials Technology Co. Ltd.
- Haike Chemical Group
- Hebei New Chaoyang Chemical Stock Co. Ltd.
- Kishida Chemical Co. Ltd.
- Kowa Company Ltd.
- Lotte Chemical
- Merck KGaA
- Shandong Depu Chemical Industry Science and Technology Co.
- Ltd.
- Shandong Shida Shenghua Chemical Group Co. Ltd.
- Tokyo Chemical Industry Co. Ltd
- Ube Industries Ltd.
- Qingdao Aspirit Chemical Co. Ltd
Growth Factors:
• Market dynamics:All the key factors and major developments anticipated to boost the growth of the market are covered in the study.
• Technological evolution:The report offers a thorough understanding of the emerging technologies that can influence the Dimethyl Carbonate market demand.
• Innovation pathways: The study covers where innovations can take the market in the mid to long term.
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The Geographical Analysis Covers Following Key Regions:
• North America (United States, Canada, and Mexico)
• Europe (Germany, France, United Kingdom, Russia, Italy, and the Rest of Europe)
• Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
• South America (Brazil, Argentina, Colombia, and the rest of South America)
• The Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, South Africa, and the Rest of the Middle East and Africa)
Dimethyl Carbonate Market Segmentation:
The dimethyl carbonate (DMC) market is segmented by application, end-use industry, and region. By application, it is classified into polycarbonate synthesis, solvents, battery electrolytes, and others. Polycarbonate synthesis dominates due to its use in automotive and electronics. By end-use industry, the market covers automotive, electronics, paints and coatings, and pharmaceuticals. Automotive and electronics lead due to high polycarbonate demand. By region, Asia-Pacific holds the largest share, driven by China’s industrial production and growing EV industry.
Dimethyl Carbonate Market, Grade Outlook (Revenue – USD Billion, 2018 – 2030)
- Battery Grade
- Industry Grade
- Pharmaceutical Grade
Dimethyl Carbonate Market, End-Use Outlook (Revenue – USD Billion, 2018 – 2030)
- Pharmaceutical
- Agrochemicals
- Paints & Coating
- Battery
- Plastics
- Others
Dimethyl Carbonate Industry Developments:
- July 2022: UBE Corporation announced the design of a new dimethyl carbonate production plant in the U.S. for commercial applications. The facility, expected to produce 100,000 metric tons annually, aims to meet the rising consumer demand for dimethyl carbonate.
- October 2021: UBE Corporation introduced Daxsol Dimethyl Carbonate, an environmentally friendly solvent. This product is biodegradable, has reduced toxicity, and is designed for use in adhesives, cleaning agents, and coatings, aligning with sustainability trends.
- July 2021: Asahi Kasei entered a technology license agreement for the development of high-purity dimethyl carbonate using carbon dioxide as a primary feedstock. The initiative supports the increasing demand for lithium-ion batteries and promotes eco-friendly production methods.
The Dimethyl Carbonate Market report provides a cutting-edge analysis of market dynamics, spotlighting evolving trends, emerging opportunities, and growth drivers that shape the industry landscape. It delves into critical insights and breakthrough developments, equipping stakeholders with the tools to innovate and adapt in a competitive environment. Concluding with actionable takeaways and an overview of robust research methodologies, this report serves as an essential guide for businesses and investors aiming to stay ahead of the curve and foster sustainable growth in an ever-changing market.
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