Global Dimethyl Carbonate Market Size Study, by Application, by End Use, by Grade, and Regional Forecasts 2022-2032

Description

The Global Dimethyl Carbonate Market is valued at approximately USD 1.1 billion in 2023 and is anticipated to grow at a remarkable CAGR of 12.70% over the forecast period from 2024 to 2032.Dimethyl carbonate (DMC), a versatile and eco-friendly chemical compound, is increasingly recognized as a vital building block in the production of high-performance materials. Its applications span a range of industries, including the synthesis of polycarbonate plastics, battery electrolytes, and as a solvent or reagent in industrial processes. The compound's biodegradability, coupled with its role as a greener alternative to traditional chemicals, underscores its growing prominence in global markets.

The burgeoning demand for electric vehicles (EVs) and renewable energy systems is significantly propelling the adoption of dimethyl carbonate in battery electrolyte applications. Additionally, the increasing awareness surrounding sustainable practices has catalyzed its usage in paints, coatings, and agrochemicals as a safer and less toxic alternative. Manufacturers are also exploring advancements in the production of high-purity DMC to meet stringent industry specifications, particularly in the pharmaceutical sector. Nevertheless, challenges such as fluctuating raw material prices and the complexity of large-scale production pose barriers to seamless market growth. However, emerging technologies and government support for green chemistry are likely to mitigate these constraints.

Regionally, Asia Pacific dominates the global dimethyl carbonate market, driven by the robust expansion of automotive, electronics, and construction industries in countries such as China, Japan, and India. North America, fueled by technological advancements in energy storage and sustainable manufacturing, holds significant potential for growth. Europe, known for its stringent environmental regulations, exhibits a steady demand for DMC in various eco-friendly applications. Meanwhile, Latin America and the Middle East & Africa are witnessing gradual development due to increasing industrialization and infrastructure projects.

Major market players included in this report are:

UBE Industries, Ltd.
Merck KGaA
SABIC
LG Chem
Shandong Shida Shenghua Chemical Group Co., Ltd.
HaiKe Chemical Group Ltd.
Tokyo Chemical Industry Co., Ltd.
BASF SE
LOTTE Chemical Corporation
Huntsman International LLC
Alfa Aesar
Evonik Industries AG
Panax Etec
Akzo Nobel N.V.
Mitsubishi Gas Chemical Company, Inc.

The detailed segments and sub-segments of the market are explained below:

By Application

Polycarbonate Synthesis
Battery Electrolyte
Solvents
Reagents

By End Use

Batteries
Plastics
Paints & Coatings
Pharma
Agrochemicals

By Grade

Industrial
Pharma
Battery

By Region

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:

Historical Year: 2022
Base Year: 2023
Forecast Period: 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenue analysis for each market segment and region.
Detailed geographical insights with country-specific analysis for major regions.
In-depth competitive landscape analysis and key business strategy recommendations.
Comprehensive demand-side and supply-side market dynamics analysis.

Chapter 1. Global Dimethyl Carbonate Market Executive Summary

1.1. Global Dimethyl Carbonate Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Application
- 1.3.2. By End Use
- 1.3.3. By Grade
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Dimethyl Carbonate Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Dimethyl Carbonate Market Dynamics

3.1. Market Drivers
- 3.1.1. Rising Demand in Battery Electrolyte Applications
- 3.1.2. Advancements in Polycarbonate Synthesis Technologies
- 3.1.3. Increasing Adoption of Eco-friendly Solvents and Reagents
3.2. Market Challenges
- 3.2.1. Volatility in Raw Material Prices
- 3.2.2. Complexity of Large-scale Production
3.3. Market Opportunities
- 3.3.1. Expansion into Emerging Markets
- 3.3.2. Development of High-Purity DMC for Pharmaceutical Use
- 3.3.3. Innovations in Battery Technologies and Energy Storage

Chapter 4. Global Dimethyl Carbonate Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Dimethyl Carbonate Market Size & Forecasts by Application 2022-2032

5.1. Segment Dashboard
5.2. Global Dimethyl Carbonate Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Polycarbonate Synthesis
- 5.2.2. Battery Electrolyte
- 5.2.3. Solvents
- 5.2.4. Reagents

Chapter 6. Global Dimethyl Carbonate Market Size & Forecasts by End Use 2022-2032

6.1. Segment Dashboard
6.2. Global Dimethyl Carbonate Market: End Use Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Batteries
- 6.2.2. Plastics
- 6.2.3. Paints & Coatings
- 6.2.4. Pharma
- 6.2.5. Agrochemicals

Chapter 7. Global Dimethyl Carbonate Market Size & Forecasts by Region 2022-2032

7.1. North America Dimethyl Carbonate Market
- 7.1.1. U.S. Dimethyl Carbonate Market
  - 7.1.1.1. Polycarbonate Synthesis Breakdown Size & Forecasts, 2022-2032
  - 7.1.1.2. Batteries Breakdown Size & Forecasts, 2022-2032
- 7.1.2. Canada Dimethyl Carbonate Market
7.2. Europe Dimethyl Carbonate Market
- 7.2.1. U.K. Dimethyl Carbonate Market
- 7.2.2. Germany Dimethyl Carbonate Market
- 7.2.3. France Dimethyl Carbonate Market
- 7.2.4. Spain Dimethyl Carbonate Market
- 7.2.5. Italy Dimethyl Carbonate Market
- 7.2.6. Rest of Europe Dimethyl Carbonate Market
7.3. Asia-Pacific Dimethyl Carbonate Market
- 7.3.1. China Dimethyl Carbonate Market
- 7.3.2. India Dimethyl Carbonate Market
- 7.3.3. Japan Dimethyl Carbonate Market
- 7.3.4. Australia Dimethyl Carbonate Market
- 7.3.5. South Korea Dimethyl Carbonate Market
- 7.3.6. Rest of Asia Pacific Dimethyl Carbonate Market
7.4. Latin America Dimethyl Carbonate Market
- 7.4.1. Brazil Dimethyl Carbonate Market
- 7.4.2. Mexico Dimethyl Carbonate Market
- 7.4.3. Rest of Latin America Dimethyl Carbonate Market
7.5. Middle East & Africa Dimethyl Carbonate Market
- 7.5.1. Saudi Arabia Dimethyl Carbonate Market
- 7.5.2. South Africa Dimethyl Carbonate Market
- 7.5.3. Rest of Middle East & Africa Dimethyl Carbonate Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. UBE Industries, Ltd.
- 8.1.2. Merck KGaA
- 8.1.3. SABIC
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. UBE Industries, Ltd.
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. LG Chem
- 8.3.3. BASF SE
- 8.3.4. LOTTE Chemical Corporation
- 8.3.5. Shandong Shida Shenghua Chemical Group Co., Ltd.
- 8.3.6. HaiKe Chemical Group Ltd.
- 8.3.7. Tokyo Chemical Industry Co., Ltd.
- 8.3.8. Merck KGaA
- 8.3.9. SABIC
- 8.3.10. Shandong Shida Shenghua Chemical Group Co., Ltd.
- 8.3.11. Mitsubishi Gas Chemical Company, Inc.
- 8.3.12. Evonik Industries AG
- 8.3.13. Akzo Nobel N.V.
- 8.3.14. [Additional Company]
- 8.3.15. [Additional Company]

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes