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Dimethyl Carbonate Market

Dimethyl Carbonate Market By Type (Battery Grade, Industry Grade, and Pharmaceutical Grade), Application (Polycarbonate, Solvent, Pesticides, Pharmaceuticals, and Others) & Region - Forecast to 2022-2032

Market Insights on Dimethyl Carbonate covering sales outlook, demand forecast & up-to-date key trends

Dimethyl Carbonate Market overview

The dimethyl carbonate market is garnering average growth rate and is predicted to increase at a steady CAGR of 7% during 2022-2032.

“Adoption of dimethyl carbonate as a replacement for oxylene, benzene, ethyl, acetone and other chemicals as a solvent will be a significant factor for the market growth.”

Dimethyl Carbonate with formula  is a versatile chemical that exhibits desirable properties such as good solvency and low toxicity.  In terms of physical appearance, it is a flammable, odourless chemical with a pale appearance. It displays high reactivity with other chemicals. Earlier, dimethyl carbonate was manufactured by the reaction of methanol with phosgene but due to extreme toxicity of phosgene, the chemical is now manufactured through other methods such as trans-esterification or the copper catalysed.

Attributes

Details

Dimethyl Carbonate Market Value in 2021

US$ 849 Mn

Dimethyl Carbonate Market CAGR (2022-2032)

7%

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What are the Consumption Dynamics for the Dimethyl Carbonate Market?

“Price will be a key determiner for manufacturers to compete in the dimethyl carbonate market.”

In 2009, dimethyl carbonate received its exemption from VOC (Volatile organic compounds). Dimethyl carbonate has numerous applications in end-use industries.

Properties of dimethyl carbonate such as non-toxicity, biodegradability and high solvency make it as one of the ideal organic chemicals to be used in several end-use industries.

Dimethyl carbonate also works as an intermediate and is used as methylating and carbonylating agent. Furthermore, it is used as an intermediate in the formation of polycarbonate, which is considered as a major application segment for dimethyl carbonate. The compound also finds applications in pharmaceuticals and pesticides.

Dimethyl carbonate is an indispensable part of the Li-ion batteries industry owing to its usage as an electrolyte. Dimethyl carbonate is also termed as a green chemical, owing to its chemical properties and non-toxic nature. Thus, owing to its usage in varied amount of applications and high demand for polycarbonate in end-use industries, the dimethyl carbonate market is expected to show significant growth over the forecast period.

Furthermore, flourishing polycarbonate industry owing to noteworthy growth in automotive and electronics industries globally is estimated to create positive impact on the global dimethyl carbonate market. Also, its application in the paints and coatings industry is also estimated to propel the growth of the dimethyl carbonate market owing to the current boom in the construction industry.

Although the demand for dimethyl carbonate is increasing globally, the manufacturers are facing certain challenges that might impede the expected growth. Permitting guidelines for the manufacturing of dimethyl carbonate are stringent owing to which manufacturers face tough time getting the license, which might negatively impact the growth in the long run.

Also, obstruction in implementation of the advanced technology to create desirable process environment is also expected to hamper the growth of dimethyl carbonate market over the forecast period.

Nikhil Kaitwade
Principal Consultant
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What is the Region wise Performance Analysis of Dimethyl Carbonate Market?

“Investments in Asia Pacific will bode huge returns as demand from electronics and automotive industry for dimethyl carbonate will remain high.”

Asia Pacific is expected to dominate the global dimethyl carbonate market owing to high demand for the polycarbonate in the growing automotive and electronics industry in the region. Growing per capita income is also one of the significant factor for the growth of dimethyl carbonate market in the region.

Europe and North America are expected to record significant growth share over the forecast period owing to high adoption of eco-friendly chemicals as an intermediate. MEA and Latin America are expected to record steady growth in the demand for dimethyl carbonate owing to the growing demand for paints and coatings from the construction industry. Therefore, the overall market of dimethyl carbonate market is expected to have healthy growth over the forecast period.

Dimethyl carbonate is also being considered for the future applications such as gasoline blending agent and fuel additive in place of ethanol. But the growth in the future applications remain uncertain, especially in some regions. The demand for dimethyl carbonate as gasoline blending agent is increasing in APAC, which is one of the ongoing trend in the global dimethyl carbonate market.

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Key Segments

Attributes

Details

Forecast Period

2022-2032

Historical Data Available for

2012-2020

Market Analysis

US$ Mn for Value

By Type

  • Battery Grade
  • Industry Grade
  • Pharmaceutical Grade
  • Others

By Application

  • Pharmaceuticals
  • Pesticides
  • Solvent
  • Polycarbonate
  • Others

By Region

  • North America
  • Latin America
  • Asia Pacific
  • Japan
  • Western Europe
  • Eastern Europe
  • Middle East & Africa

Key Players

  • BASF SE
  • Akzo Nobel N.V.
  • Tangshan Chaoyang Chemical Co.Ltd.
  • Alfa Aesar
  • Dongying City Longxing Chemical Co., Ltd.
  • IRO GROUP INC.
  • UBE INDUSTRIES, LTD.
  • Merck KGaA
  • HaiKe Chemical Group
  • Tongling Jintai Chemical Industrial Co., Ltd
  • Shandong Shida Shenghua Chemical Group Co., Ltd

Frequently Asked Questions

The Dimethyl Carbonate market is anticipated to register a CAGR of 7% during the forecast period.

The dimethyl carbonate market is estimated to reach a value of US$ 1.1 Bn by the year 2026.

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Nikhil Kaitwade
Principal Consultant
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Dimethyl Carbonate Market