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Dimethyl Carbonate Market: By Application, By End Use, and Region Forecast 2019-2030
Dimethyl Carbonate Market: By Application, By End Use, and Region Forecast 2019-2030
Dimethyl Carbonate (DMC) Market size was valued at US$ 5,286.9 million in 2023 and is poised to grow at a significant CAGR of 7.9% from 2024-2030. Dimethyl carbonate is a multifunctional chemical with desirable properties such as high solubility and low toxicity. Dimethyl carbonate is used as a solvent in the electrolyte of lithium-ion batteries. It is a colorless, flammable liquid classed as a carbonate ester. For good lithium-ion battery electrochemical performance, a high-quality battery-grade solvent with a very low water content (less than 50 ppm) is required. As a result of the rising demand for hybrid electric vehicles (HEVs) and plug-in hybrid electric vehicles (PHEVs), the dimethyl carbonate industry is predicted to expand.
Moreover, the growing need for polycarbonates in the automotive and electronics industries is likely to propel the market forward. The manufacture of the plastic polymers utilized in this sector is boosted by rising consumer income and spending on gadgets and autos. Dimethyl carbonate is utilized in a variety of sectors and has a wide range of uses. Because of the volume and range of uses, dimethyl carbonate is in high demand. Applications can be used as a substitute for fuel and cleaning agents by increasing the dimethyl carbonate components.
Manufacturers in the market are capitalizing on new opportunities by expanding the use of dimethyl carbonate as a solvent in polymer, flavoring, and insecticide production. In order to compete in the market, companies are spending in R&D to produce new product grades. Besides from that, businesses are boosting production capacity at existing factories and establishing new markets in previously undiscovered areas. Furthermore, market players are researching new and improved manufacturing technologies for dimethyl carbonate production using carbon dioxide and methane.
Study Period
2024-2030Base Year
2023CAGR
7.9%Largest Market
Asia pacificFastest Growing Market
Europe
Increasing applications of DMS, such as polycarbonate, are utilized in various industries, including electronics, automotive, building & construction, consumer goods, and medical. Because dimethyl carbonate is an environmentally friendly solvent that aids in manufacturing products that are fast biodegradable and non-toxic. In addition, the high growth of the electronic industry has resulted in increased demand for power devices. DMC is the main component for the manufacturing of Li-ion batteries, which drives the DMC market. However, obstacles in implementing advanced technology to create a desirable process environment are expected to restrain the growth of the dimethyl carbonate market.
The DMC market in North America is likely to hold a significant revenue share of 23.5% in 2021, and in the following years, it is predicted to increase rapidly. Government initiatives to upgrade public infrastructure have fueled the market growth in the North American region. The Asia Pacific, mainly led by China, India, and Indonesia, dominated the global dimethyl carbonate market share in recent years. Additionally, the region is expected to have the most significant gains due to strong growth in the electronics, automotive, and paints and coatings industries due to rising consumer disposable income.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 5,286.9 million |
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Market CAGR |
7.9% |
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By Application |
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By End User |
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By Region |
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The dimethyl carbonate market size was valued at US$ 5,286.9 million in 2023 and is set to grow at a significant CAGR of 7.9% from 2024-2030.
UBE INDUSTRIES, LTD., Dongying City Lonxing Chemical Co., Ltd, Shadong Shida Shenghua Chemical Group Co., Ltd., TOKYO CHEMICAL INDUSTRY CO., LTD., Millipore Sigma, HaiKe Chemical Group, Arrow Chemical Group Corp., Alfa Aesar (Thermo Fisher Scientific), Shrieve
Asia-Pacific is the fastest-growing region in the market
| 1. Executive Summary |
| 2. Global Dimethyl Carbonate Market Introduction |
| 2.1.Global Dimethyl Carbonate Market - Taxonomy |
| 2.2.Global Dimethyl Carbonate Market - Definitions |
| 2.2.1. Application |
| 2.2.2.End User |
| 2.2.3.Geography |
| 2.2.4.Region |
| 3. Global Dimethyl Carbonate Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Dimethyl Carbonate Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Dimethyl Carbonate Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Polycarbonate |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Fuel Additive |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Solvent |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Lithium Battery |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Pharmaceuticals Pesticides |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Others |
| 5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 6. Global Dimethyl Carbonate Market By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Plastic |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Paints & Coatings |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Medical |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Electronics |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Agrochemicals |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Others |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7. Global Dimethyl Carbonate Market By Geography, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Latin America |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. MEA |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.Global Dimethyl Carbonate Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.North America Dimethyl Carbonate Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Polycarbonate |
| 9.1.2.Fuel Additive |
| 9.1.3.Solvent |
| 9.1.4.Lithium Battery |
| 9.1.5.Pharmaceuticals Pesticides |
| 9.1.6.Others |
| 9.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Plastic |
| 9.2.2.Paints & Coatings |
| 9.2.3.Medical |
| 9.2.4.Electronics |
| 9.2.5.Agrochemicals |
| 9.2.6.Others |
| 9.3. Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.North America |
| 9.3.2.Europe |
| 9.3.3.Asia Pacific |
| 9.3.4.Latin America |
| 9.3.5.MEA |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe Dimethyl Carbonate Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Polycarbonate |
| 10.1.2.Fuel Additive |
| 10.1.3.Solvent |
| 10.1.4.Lithium Battery |
| 10.1.5.Pharmaceuticals Pesticides |
| 10.1.6.Others |
| 10.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Plastic |
| 10.2.2.Paints & Coatings |
| 10.2.3.Medical |
| 10.2.4.Electronics |
| 10.2.5.Agrochemicals |
| 10.2.6.Others |
| 10.3. Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.North America |
| 10.3.2.Europe |
| 10.3.3.Asia Pacific |
| 10.3.4.Latin America |
| 10.3.5.MEA |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 11.Asia Pacific (APAC) Dimethyl Carbonate Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Polycarbonate |
| 11.1.2.Fuel Additive |
| 11.1.3.Solvent |
| 11.1.4.Lithium Battery |
| 11.1.5.Pharmaceuticals Pesticides |
| 11.1.6.Others |
| 11.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Plastic |
| 11.2.2.Paints & Coatings |
| 11.2.3.Medical |
| 11.2.4.Electronics |
| 11.2.5.Agrochemicals |
| 11.2.6.Others |
| 11.3. Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.North America |
| 11.3.2.Europe |
| 11.3.3.Asia Pacific |
| 11.3.4.Latin America |
| 11.3.5.MEA |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Middle East and Africa (MEA) Dimethyl Carbonate Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Polycarbonate |
| 12.1.2.Fuel Additive |
| 12.1.3.Solvent |
| 12.1.4.Lithium Battery |
| 12.1.5.Pharmaceuticals Pesticides |
| 12.1.6.Others |
| 12.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Plastic |
| 12.2.2.Paints & Coatings |
| 12.2.3.Medical |
| 12.2.4.Electronics |
| 12.2.5.Agrochemicals |
| 12.2.6.Others |
| 12.3. Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.North America |
| 12.3.2.Europe |
| 12.3.3.Asia Pacific |
| 12.3.4.Latin America |
| 12.3.5.MEA |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America Dimethyl Carbonate Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Polycarbonate |
| 13.1.2.Fuel Additive |
| 13.1.3.Solvent |
| 13.1.4.Lithium Battery |
| 13.1.5.Pharmaceuticals Pesticides |
| 13.1.6.Others |
| 13.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Plastic |
| 13.2.2.Paints & Coatings |
| 13.2.3.Medical |
| 13.2.4.Electronics |
| 13.2.5.Agrochemicals |
| 13.2.6.Others |
| 13.3. Geography Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.North America |
| 13.3.2.Europe |
| 13.3.3.Asia Pacific |
| 13.3.4.Latin America |
| 13.3.5.MEA |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Sabic |
| 14.2.2.LOTTE |
| 14.2.3.Mitsubishi Chemical |
| 14.2.4.UBE |
| 14.2.5.Shida Shenghua |
| 14.2.6.Tongling Jintai Chemical |
| 14.2.7.Shandong Wells Chemicals |
| 14.2.8.Hi-tech Spring |
| 14.2.9.Shandong Depu Chemical |
| 14.2.10.CNSG Anhui Redsifang |
| 14.2.11.Liaoning Oxiranchem |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.