Dimethyl Carbonate Market 2022 - Market Size & Forecast, Industry Trends, Manufacturers Analysis, & Opportunities 2030

Introduction: -

Dimethyl carbonate (also known as DMC) is typically a clear, colorless, and flammable liquid compound denser than water. It is inorganic, eco-friendly, and used to produce various chemicals as an organic solvent. DMCs have good solvency, fast biodegradability, and low toxicity. They are heavily used in the manufacturing of polycarbonates and pesticides. They also have a wide variety of applications in various end-use industries, including paints & coatings, plastics, medical, electronics, agrochemicals, and others. The global dimethyl carbonate market is anticipated to flourish at a compounded annual growth rate (CAGR) of 6.5% during the forecast period of 2022-2030.

Growth Drivers:

The market players present in the global dimethyl carbonate market are seen to be increasingly focusing on growing their R&D activities to achieve greater efficacy in the green synthesis of dimethyl carbonate as conventional processes require the usage of highly toxic and corrosive gases and the generation of vast amounts of inorganic salts. Due to this, they are availing methods that include the direct synthesis of dimethyl carbonate from carbon dioxide and methanol to attain efficacy in green chemistry. Carbon is non-toxic and is available in abundance. Methanol is also a less expensive raw material. This is resulting in the popularity of green synthesis of dimethyl carbonate as a cost-efficient method to propel, which, in turn, is also aiding in the growth of the global dimethyl carbonate market.

Moreover, the preference and application of dimethyl carbonate in the paints & coatings industry is increasing, mainly due to its cost-effectiveness and advantageous evaporation rate, odor, and solubility. Paints and coatings are vastly utilized in residential buildings such as apartments, houses, and bungalows for a variety of purposes. The surging overall spending on construction activities across the globe is thus expected to create ample growth opportunities for the global dimethyl carbonate market during the forecast period.

Furthermore, the enhancing applications of DMCs across industries, the growing production of DMC across a majority of regions, the rising demand for eco-friendly paints and polycarbonates across several industries, the surging environmental concerns worldwide, the increasing application of DMCs in the production of alternate fuel additives & cleaning agents, and the rising focus of market players on developing new technologies are among other primary factors driving the growth of the global dimethyl carbonate market.

However, the use of extremely hazardous raw materials in the production of dimethyl carbonate and the presence of various regulatory restrictions pertaining to the production of dimethyl carbonate are anticipated to act as major hindrances to the growth of the global dimethyl carbonate market during the forecast period of 2022-2030.

Dimethyl Carbonate Market Segmentation:

By Grade:

·         Pharmaceutical

·         Industrial

·         Battery

By Application

·         Polycarbonate

·         Fuel Additive

·         Solvents

·         Lithium Battery

·         Pharmaceuticals

·         Pesticides

·         Others

By End Use:

·         Plastic

·         Paints & Coatings

·         Medical

·         Electronics

·         Agrochemicals 

·         Others

By Region:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and Africa

Dimethyl Carbonate Market: Grade Review:

Based on grade, the global dimethyl carbonate market is segmented into pharmaceutical, industrial, and battery. The industrial segment dominated the market in 2021. The segment is expected to maintain the lead in the market over the forecast period of 2022-2030. The proliferating need for industry-grade dimethyl carbonate in the manufacturing of solvents and the rising demand for polycarbonates across end-use industries are majorly attributable to the large share of this segment.

Dimethyl Carbonate Market: Application Review:

Based on application, the global dimethyl carbonate market is segmented into polycarbonate, fuel additive, solvents, lithium battery, pharmaceuticals, pesticides, and others. The polycarbonate segment held the largest share of the market in 2021. The segment’s position is expected to remain unchanged during the forecast period of 2022-2030. The high usage and demand for polycarbonates across various end-use industries owing to their excellent physical attributes, including heat & impact resistance, dimensional stability, and optical transparency, are predominantly attributed to the large share of this segment.

Dimethyl Carbonate Market: End-Use Review:

Based on end-use, the global dimethyl carbonate market is classified into plastics, paints & coatings, medical, electronics, agrochemicals, and others. The plastics segment led the market in 2021, and the trend is expected to continue over the forecast period of 2022-2030, primarily due to the rising demand for plastic products across the globe and the increasing significance of PC as an environmentally advantageous and recyclable commercial polymer with extensive set of applications across various sectors including electronics, automotive, and electrical.

Regional Outlook:

The dimethyl carbonate research report offers detailed analysis and forecasts for five major regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

The Asia Pacific region commanded the largest share of the global dimethyl carbonate market in 2021, followed by North America, Europe, and Latin America. The region’s dominance is expected to continue over the forecast period of 2022-2030, predominantly due to the high usage of dimethyl carbonate in the production of polycarbonates, paints, medicines, and pesticides across various end-use industries, the rising demand for lithium-ion batteries from the electronics & automotive industries, the rapidly expanding construction industry, and the growing smartphone user-base in the region. Furthermore, the increasing modernization activities and the growing spending capacities of people in the region are also significantly aiding in the growth of the dimethyl carbonate market in the region. India, China, Japan, South Korea, Thailand, and Taiwan stand as the leading contributors to the market in the Asia Pacific region.

The report also identifies the country market outlook for dimethyl carbonate, covering country-wise market size, growth rate, market share, segmentation, leading players, current trends, and opportunities.

Key Companies in Dimethyl Carbonate Market:

The research report offers a competitive analysis of prominent companies operating in the global dimethyl carbonate market. Some of the leading players profiled in the market research report include:

·         Merck KGaA

·         Tokyo Chemical Industry Co., Ltd.

·         Alfa Aesar

·         Ube Industries Ltd.

·         Kowa Company Ltd.

·         Kishida Chemical Co. Ltd.

·         Shandong Shida Shenghua Chemical Group Co., Ltd.

·         Qingdao Aspirit Chemical Co., Ltd.

·         Arrow Chemical Group Corp.

·         Hefei TNJ Chemical Industry Co. Ltd.

·         Other Players