Dimethyl Carbonate (DMC) Market Forecast till 2038

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Dimethyl Carbonate (DMC) Market Forecast till 2030

Market Overview

Dimethyl carbonate (DMC) is a popular compound in various industries due to its unique molecular structure and low toxicity. It finds extensive use in the production of anti-infective, analgesics, and antipyretic drugs as a methylating agent, making it a key market driver for the growth of the DMC market. The demand for DMC is closely linked to the demand for polycarbonate, which also uses DMC as a raw material in its synthesis process.

Moreover, DMC is considered a safer and more environmentally friendly alternative to traditional solvents and reagents, making it a popular choice in the chemical industry. Its low toxicity, flammability, and volatility make it an attractive alternative to other more hazardous solvents such as methylene chloride and chloroform. The increasing demand for polycarbonate and other chemicals, coupled with the growing awareness of the benefits of using DMC, is expected to drive the growth of the DMC market at a significant rate in the coming years. As a result, the global DMC market has witnessed an enhanced CAGR in recent years.

Segment Overview

The Dimethyl Carbonate (DMC) market is classified based on grade, which includes Industrial Grade, Pharmaceutical Grade, Battery Grade, and others. In terms of revenue, the Industrial Grade segment dominated the market in 2022. The popularity of industrial-grade DMC can be attributed to its widespread use in various industries, including paints and coatings, adhesives and sealants, and plastics manufacturing, among others. This type of DMC is primarily utilized as a solvent and a methylating agent in the chemical industry.

Regional Analysis

The Asia Pacific region has been the largest contributor to the DMC market historically, and this trend is projected to continue in the coming years. The region comprises countries such as China, India, Japan, and South Korea, which are home to some of the world's largest chemical and manufacturing industries. The growth of the DMC market in the region has been driven by the rising demand for polycarbonate and other chemicals, spurred by the increasing population, rapid urbanization, and growing disposable incomes. The demand for lithium-ion batteries has been rising due to the increasing adoption of electric vehicles and portable electronic devices, which has, in turn, driven the demand for DMC. Furthermore, the region has witnessed significant investments in the chemical and manufacturing industries, which is expected to further augment the growth of the DMC market. The governments of countries like China and India are promoting domestic manufacturing and reducing dependence on imports, which is expected to drive the demand for various chemicals, including DMC..

Major Players

Major Dimethyl Carbonate (DMC) market players, including Shandong Shida Shenghua Chemical Group Co., Ltd., Panax Etec, Kowa Company Ltd., Ube Industries Ltd., Arrow Chemical Group Corp., Haike Chemical Group, Merck KGaA, Guangzhou Tinci Materials Technology Co., Ltd., Kishida Chemical Co. Ltd., and others.

COVID 19 Impacts

The COVID-19 pandemic has had a mixed impact on the global Dimethyl Carbonate (DMC) market. On one hand, the market has experienced a decline in demand due to the slowdown in manufacturing activities, as various industries were forced to shut down or limit their production capacities to comply with government regulations and control the spread of the virus. This decline was primarily observed in the first half of 2020, as the pandemic started to spread globally.

On the other hand, the pandemic has also created new opportunities for the DMC market, especially in the healthcare sector. With the surge in demand for hand sanitizers and disinfectants, DMC has been widely used as a key raw material for the production of these products. The demand for DMC has also been boosted by its use in the production of polycarbonates, which are widely used in the production of medical equipment such as ventilators, face shields, and protective gear.

Despite the pandemic-related challenges, the DMC market is expected to recover gradually as the global economy recovers from the impact of the pandemic. The increasing demand for renewable energy and sustainable products is expected to drive the demand for DMC in the future. Additionally, the growing demand for electronics, coatings, and adhesives is expected to create new opportunities for the market. Overall, while the pandemic has posed several challenges for the DMC market, it has also highlighted the versatility and importance of the chemical in various applications, which is expected to drive future growth.

Product Code: MRFR/CnM/4040-CR

TABLE OF CONTENTS

1 Executive Summary

2 Market Introduction

2.1 Definition 20
2.2 Scope Of The Study 20
2.3 List Of Assumptions 21
2.4 Market Structure 21
2.5 Key Takeaways 23

3 Research Methodology

3.1 Research Process 25
3.2 Primary Research 26
3.3 Secondary Research 27
3.4 Market Size Estimation 27
3.5 Forecast Model 28

4 Market Dynamics

4.1 Introduction 30
4.2 Drivers 30
- 4.2.1 Robust Demand For Manufacturing Polycarbonate Due To Its Surging Use In The Automotive And Electronics Industries 30
- 4.2.2 Highly Preferred Eco-Friendly Alternative Solvent Over Its Counterparts 31
4.3 Restraints 32
- 4.3.1 Technological Complexities Associated With The Production Of The Desired Grade Of DMC 32
4.4 Opportunities 32
- 4.4.1 Growing Demand From The Paints & Coatings Industry 32
4.5 Trends 33
- 4.5.1 Substantial Penetration Of Lightweight Electric Vehicles In Asia Pacific 33

5 Market Factor Analysis

5.1 Supply Chain Analysis 35
- 5.1.1 Raw Material 35
- 5.1.2 Dimethyl Carbonate (DMC) Producers 35
- 5.1.3 Distributors 36
- 5.1.4 End-Use Industries 36
5.2 Porter's Five Forces Model 36
- 5.2.1 Threat Of New Entrants 37
- 5.2.2 Threat Of Rivalry 37
- 5.2.3 Threat Of Substitutes 37
- 5.2.4 Bargaining Power Of Supplier 37
- 5.2.5 Bargaining Power Of Buyer 37
5.3 Pricing Analysis 38
- 5.3.1 Introduction 38
- 5.3.2 Raw Material Price Trends 38
- 5.3.3 Supply-Demand Scenario 38
- 5.3.4 End-Use Industrial Development/Overview 39

6 Global Dimethyl Carbonate Market By Grade

6.1 Introduction 41
6.2 Industrial Grade 43
6.3 Pharmaceutical Grade 44
6.4 Battery Grade 45
6.5 Others 46

7 Global Dimethyl Carbonate Market By Application

7.1 Introduction 48
7.2 Polycarbonate 50
7.3 Fuel Additive 51
7.4 Solvent 52
7.5 Lithium Battery 53
7.6 Pharmaceuticals 54
7.7 Pesticides 55
7.8 Others 56

8 Global Dimethyl Carbonate Market By End Use

8.1 Introduction 58
8.2 Plastic 60
8.3 Paints & Coatings 61
8.4 Medical 62
8.5 Electronics 63
8.6 Agrochemicals 64
8.7 Others 65

9 Global Dimethyl Carbonate Market By Region

9.1 Introduction 67
9.2 North America 69
- 9.2.1 The U.S. 72
- 9.2.2 Canada 75
9.3 Europe 79
- 9.3.1 Germany 83
- 9.3.2 UK 86
- 9.3.3 Russia 89
- 9.3.4 France 92
- 9.3.5 Spain 95
- 9.3.6 Italy 98
- 9.3.7 Rest Of The Europe 101
9.4 Asia Pacific 104
- 9.4.1 China 108
- 9.4.2 India 111
- 9.4.3 Japan 114
- 9.4.4 South Korea 117
- 9.4.5 Rest Of The Asia Pacific 120
9.5 Latin America 123
- 9.5.1 Brazil 127
- 9.5.2 Mexico 130
- 9.5.3 Argentina 133
- 9.5.4 Rest Of The Latin America 136
9.6 Middle East & Africa 139
- 9.6.1 UAE 143
- 9.6.2 Saudi Arabia 146
- 9.6.3 Turkey 149
- 9.6.4 Rest Of The Middle East & Africa 152

10 Competitive Landscape

10.1 Competitive Landscape 156
- 10.1.1 Introduction 156
- 10.1.2 Key Development Analysis 156
- 10.1.3 Market Strategy Analysis 158
- 10.1.4 Customer Analysis 159
  - 10.1.4.1 Purchasing Criteria 159
  - 10.1.4.2 Cost Of Material, By Application 160

11 Company Profiles

11.1 Alfa Aesar, Thermo Fisher Scientific 162
- 11.1.1 Company Overview 162
- 11.1.2 Financial Overview 162
- 11.1.3 Products Offerings 163
- 11.1.4 Key Developments 163
- 11.1.5 SWOT Analysis 163
- 11.1.6 Key Strategy 163
11.2 Ube Industries Ltd. 164
- 11.2.1 Company Overview 164
- 11.2.2 Financial Overview 164
- 11.2.3 Products Offerings 164
- 11.2.4 Key Developments 165
- 11.2.5 SWOT Analysis 165
- 11.2.6 Key Strategy 165
11.3 Merck KGaA 166
- 11.3.1 Company Overview 166
- 11.3.2 Financial Overview 166
- 11.3.3 Products Offerings 167
- 11.3.4 Key Developments 167
- 11.3.5 SWOT Analysis 167
- 11.3.6 Key Strategy 167
11.4 Shandong Shida Shenghua Chemical Group Co., Ltd. 168
- 11.4.1 Company Overview 168
- 11.4.2 Financial Overview 168
- 11.4.3 Products Offerings 169
- 11.4.4 Key Developments 169
- 11.4.5 SWOT Analysis 169
- 11.4.6 Key Strategy 169
11.5 HaiKe Chemical Group 170
- 11.5.1 Company Overview 170
- 11.5.2 Financial Overview 170
- 11.5.3 Products Offerings 171
- 11.5.4 Key Developments 171
- 11.5.5 SWOT Analysis 171
- 11.5.6 Key Strategy 171
11.6 Arrow Chemical Group Corp. 172
- 11.6.1 Company Overview 172
- 11.6.2 Financial Overview 172
- 11.6.3 Products Offerings 172
- 11.6.4 Key Developments 172
- 11.6.5 SWOT Analysis 172
- 11.6.6 Key Strategy 172
11.7 Tokyo Chemical Industry Co. Ltd. 173
- 11.7.1 Company Overview 173
- 11.7.2 Financial Overview 173
- 11.7.3 Products Offerings 173
- 11.7.4 Key Developments 173
- 11.7.5 SWOT Analysis 173
- 11.7.6 Key Strategy 173
11.8 Tongling Jintai Chemical Industrial Co., Ltd. 174
- 11.8.1 Company Overview 174
- 11.8.2 Financial Overview 174
- 11.8.3 Products Offerings 174
- 11.8.4 Key Developments 174
- 11.8.5 Key Strategy 174
11.9 Tangshan Zhonghao Chemical Co., Ltd. 175
- 11.9.1 Company Overview 175
- 11.9.2 Financial Overview 175
- 11.9.3 Products Offerings 175
- 11.9.4 Key Developments 175
- 11.9.5 Key Strategy 175
11.10 Kowa India Pvt. Ltd. 176
- 11.10.1 Company Overview 176
- 11.10.2 Financial Overview 176
- 11.10.3 Products Offerings 176
- 11.10.4 Key Developments 176
- 11.10.5 Key Strategy 176

12 Conclusion

12.1 Key Findings 178
- 12.1.1 CEO's Viewpoint 178