Dimethyl Carbonate Market by Grade (Industrial, Battery, and Pharmaceutical), Application (Polycarbonate Synthesis, Solvents, Reagents, and Others), End-Use Industry (Plastics, Building and Construction, Pharmaceuticals, Agrochemicals, and Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026668 | Pages: 100 | Industry: Chemicals and Materials | Date: Oct 2022 | Type: Global

The market crossed US$ 1.1 billion mark in 2022 and is expected to hit US$ 1.9 billion by 2030, recording a CAGR of 7.3% during the forecast period.

Increasing usage of dimethyl carbonate in various industries to drive market growth

Increasing usage of dimethyl carbonates in various industries such as building & construction, electronics, automotive, consumer products, etc. is expected to drive the market growth. In addition, manufacturers focus toward developing innovative high purity dimethyl carbonate solutions, is anticipated to support the future development of the market. For instance, in July 2021, Asahi Kasei Corporation, a Japanese chemicals and materials manufacturing company received a technology license for manufacturing high-purity ethylene carbonate and dimethyl carbonate solutions for the production of lithium battery products globally. Furthermore, rising demand for lithium batteries in automobiles and various electronic devices is likely to favor the battery grade dimethyl carbonate material’s demand worldwide. 

Within the report, the market is segmented into grade, application, end-use industry, and geography. By grade, the market is further segmented into industrial, battery, and pharmaceutical. On the basis of application, the market is bifurcated into polycarbonate synthesis, solvents, reagents, and others. By end-use industry, the market is categorized into plastics, building and construction, pharmaceuticals, agrochemicals, and others. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

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Newer dimethyl carbonate production methods to empower futuristic innovations in the market

Dimethyl carbonate is an organic, colorless, flammable compound used in synthesizing polyurethanes, polycarbonates, drugs, and agricultural chemicals. Increasing demand for the eco-friendly dimethyl carbonate solutions as a fuel additive over ethanol is expected to offer a futuristic growth for the market. In addition, continual researchers’ focus toward developing dimethyl carbonates from methanol and phosgene process to avoid the carbon emission issues due to the oxidation carbonylation method of preparation is expected to offer futuristic innovation in the market.

Increasing usage on various industries is one of the major factors accelerating the market growth.

Dimethyl carbonate materials are extensively used in various industrial applications such as automobiles for producing batteries, electronics, building & construction, plastic manufacturing, paints and coatings, pharmaceuticals, agrochemicals, etc. Increasing dimethyl carbonate material’s usage in producing various composites such as coatings, adhesives, and cleaning agents is expected to favor the dimethyl carbonate market growth. In addition, increasing dimethyl carbonate solutions’ usage for conducting methylation, carbonylation, and carbomethoxylation organic synthesis reactions in the pharmaceutical industries is likely to accelerate market growth during the forecast period.    

Recent strategic developments in dimethyl carbonate market

The dimethyl carbonate market has undergone several significant developments, and a few of these have been mentioned below:

  • In February 2022, Lotte Chemical, a South Korea chemical manufacturing company invested US$ 167.8 million to build ethylene carbonate (EC) and dimethyl carbonate (DMC) manufacturing facilities for the production of electric vehicle (EV) batteries in South Korea.
  • In April 2021, Merck Group, a Dimethyl carbonate solutions business invested US$ 20 million to expand its R&D base and manufacturing sites in Shizuoka, Japan
  • In October 2020, Sinopec Zhejiang Oil Products Sales Company, a Chinese chemical company expanded its dimethyl carbonate material’s annual manufacturing capacity to 200,000 tons to Chinese meet battery producers’ demand for such a material.

The dimethyl carbonate market is driven by several players implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Alfa Aesar, Lotte Chemical, Kowa Company, Ltd., Kishida Chemical Co. Ltd., Merck KGaA are among the prominent players operating in the market.

Target audience for the report:

  • Chemical manufacturers
  • Battery manufacturers and suppliers
  • Pharmaceutical companies
  • Agrochemical businesses
  • Composite products manufacturers and suppliers
  • Building and construction-related raw material suppliers
  • Chemical industry-related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Grade:
    • Industrial
    • Battery
    • Pharmaceutical
  • Application:
    • Polycarbonate Synthesis
    • Solvents
    • Reagents
    • Others
  • End-Use Industry:
    • Plastics
    • Building and Construction
    • Pharmaceuticals
    • Agrochemicals
    • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • Alfa Aesar
    • Lotte Chemical
    • Kowa Company, Ltd.
    • Kishida Chemical Co. Ltd.
    • Merck KGaA

The List of Companies
- Alfa Aesar
- Lotte Chemical
- Kowa Company, Ltd.
- Kishida Chemical Co. Ltd.
- Merck KGaA

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