Dimethyl Carbonate Market Size, Share, Trends, Growth and Forecast 2032

Dimethyl Carbonate Market Insights

According to Zion Market Research, the global Dimethyl Carbonate Market was worth USD 1100.63 Million in 2023. The market is forecast to reach USD 3164.29 Million by 2032, growing at a compound annual growth rate (CAGR) of 12.45% during the forecast period 2024-2032.

The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Dimethyl Carbonate industry over the next decade.

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The report includes revenue forecast & analysis of the Dimethyl Carbonate Market on a global as well as regional level.  It also offers historic data of 2018 and 2023 and provides valuation of the industry surge during 2023-2032 in terms of USD Million. Our study includes competitive strategies adopted by the key industry players based on the framework offered by the Porter’s Five Forces Analysis impacting the market evolution.

It is utilized as a solvent for the manufacturing of adhesives, coatings, and plastics. It is also used as a sustainable solvent for cleaning agents. It also finds application in organic synthesis reactions as a raw material. The demand has increased from the medical sector on account of its use as a pharmaceutical intermediate.

The application has increased in lithium-ion batteries as an electrolyte solvent. It is used in smartphones, computers, and other electronics on account of its low viscosity and good solvation. The demand for the industry has increased from electric and hybrid vehicles.

Rise in environmental concerns and supportive government initiatives have increased the adoption of electric vehicles in recent years.

Governments across the world have introduced stringent emission regulations, which boost the adoption of electric vehicles.

Reduced prices of li-ion batteries and monetary advantages and subsidies offered by governments on the purchase of electric vehicles are expected to further drive the demand for electric vehicles during the forecast period, thereby leading to an increase in demand for the industry.

Our market analysts and team of research professionals have done a comprehensive research on the report for providing accurate market attractiveness analysis aiding the end-user in unraveling the huge growth potential of the market over the forecast timespan. Apparently, the market is sectored in terms of application, grade, and end-use industry.

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Global Dimethyl Carbonate Market: Segmentation

The study provides a decisive view of the dimethyl carbonate market by segmenting the market based on by application, by grade, and by end-use industry and by region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

Application-wise, the Dimethyl Carbonate market is divided into Polycarbonate Synthesis, Reagents, Battery Electrolyte, and Solvents.

On the basis of Grade, the industry is segregated into Battery, Industry, and Pharmaceutical.

Based on the end-use industry, the market is divided into Plastics, Pharmaceuticals, and Paints & Coatings.

Region-wise, the market is bifurcated into North America, Latin America, Asia Pacific, the Middle East and Africa, and Europe.

The report provides a PESTEL and SWOT analysis for critically estimating the aspects leveraging the performance of each industry participant in the current scenario as well as during the forecast timespan. It provides a brief overview of the market trends and delves into the competitive moves adopted by the key market players to increase their market share.

Industry Dynamics

Growth Drivers 

Growth in population across the world and an increase in industrialization support the growth of the market. The rise in the application of dimethyl carbonate in paints and coatings, plastics, and agrochemicals has been observed across the world.

Its utilization in the synthesis of polycarbonate drives the growth in the automotive, aerospace, electronics, and construction sectors. The rise in disposable income of consumers and increase in purchasing power has resulted in a rise in demand for electronics and automobiles, boosting the growth of the market across the world.

Strengthening the construction sector, especially in developing countries, and expansion of public infrastructure have resulted in wider use of polycarbonate, thereby increasing the demand for dimethyl carbonate. The rise in investments associated with material innovation and technological advancements further accelerates the demand for dimethyl carbonate. Greater demand for emerging economies and an increase in the adoption as oxygenated fuel additives are factors expected to offer growth opportunities during the forecast period.

Dimethyl Carbonate Market: Report Scope

Key Drivers:

The beneficial features of the dimethyl carbonate including its non-toxic and eco-friendly nature has made its use more popular in myriad chemical firms across the globe. Furthermore, the massive utilization of the compound as green methylating agent & solvent will catapult the growth rate of the dimethyl carbonate market over the forecast timeline. Apparently, the compound is also likely to be considered as a component of reformulated fuels due to its high oxygen contents and exceptional blending characteristics.

The key players influencing Dimethyl Carbonate market growth and profiled in the report include:

• Ube Industries Ltd.

• Kishida Chemical Co. Ltd.

• Shandong Shida Shenghua Chemical Group Co., Ltd.

• Panax Etec

• Guangzhou Tinci Materials Technology Co., Ltd.

• Lotte Chemical

• Arrow Chemical Group Corp.

This report segments the Dimethyl Carbonate market as follows:

Global Dimethyl Carbonate Market: By Application Segment Analysis

• Polycarbonate Synthesis
• Reagents
• Battery Electrolyte
• Solvents

Global Dimethyl Carbonate Market: By Grade Segment Analysis

• Battery
• Industry
• Pharmaceutical

Global Dimethyl Carbonate Market: By End-Use Industry Segment Analysis

• Plastics
• Pharmaceuticals
• Paints & Coatings

Global Dimethyl Carbonate Market: By Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa