Dimethyl Carbonate Market Size, Share & Trends Analysis Report By Type (Battery, Pharmaceuticals, Industry) By Application (Solvent, Reagents, Battery Electrolyte), By End-use, By Region, And Segment Forecasts, 2023 To 2030

Dimethyl carbonate (DMC) is a chemical compound used as a solvent and in the production of various products like polycarbonates, pharmaceuticals, and pesticides. It's popular because it's safer for the environment compared to traditional solvents. It is non-toxic, biodegradable, and has low levels of volatile organic compounds (VOC). The rising focus on sustainability and high environmental restrictions have increased demand for DMC as a greener chemical alternative. DMC is used in a variety of sectors, including automotive, pharmaceuticals, paints & coatings, electronics, and energy storage. DMC is a solvent used in the manufacture of lithium-ion batteries, which are commonly found in electric cars and renewable energy storage systems. The availability and affordability of DMC have grown due to improved manufacturing techniques such as oxidative and transesterification methods making it a better choice for a variety of applications such as battery electrolytes, reagents, and solvents.

The COVID-19 pandemic had a negative effect on the dimethyl carbonate market. Some problems include a lack of materials and increased costs for manufacturers. Many industries that use DMC, such as automotive, construction, and electronics, experienced slowdowns or temporary shutdowns. Construction and infrastructure projects were delayed or put on hold due to the pandemic. This resulted in a decrease in demand for DMC products and affected the overall market growth.

Major players in the dimethyl carbonate market are investing heavily in research and development to introduce new and innovative actuators to the market, which are more efficient and reliable. They are also adopting various strategies such as collaboration, merger, product launch, and acquisition. For instance, in July 2022 UBE Corporation made ethyl methyl carbonate and dimethyl carbonate in the U.S. They want to make a lot of it and use it in batteries for cars that run on electricity. They picked Louisiana as a good place to make it. By making these chemicals, UBE to grow its business and make more products that are good for the environment.

The dimethyl carbonate market has observed expansion in various regions worldwide. The Asia-Pacific region, in particular, has observed substantial growth in this market. This growth can be attributed to factors such as the rapid expansion of the manufacturing sector, the increasing pace of industrialization, and the escalating demand for electronic and automotive products. Key countries driving the growth of the DMC market in the Asia-Pacific region include China, Japan, South Korea, and India.

Dimethyl Carbonate Market Segmentation

• By Type

  • Battery

  • Pharmaceuticals

  • Industry

• By Application

  • Solvent, Reagents

  • Battery Electrolyte

  • Polycarbonate Synthesis

• By End-use

  • Plastics

  • Paints & Coating

  • Pharmaceuticals

  • Battery

  • Agrochemicals

• By Region

  • North America

    • U.S.

    • Canada

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Denmark

    • Sweden

    • Norway

  • Asia Pacific

    • Japan

    • China

    • India

    • Australia

    • Thailand

    • South Korea

  • Latin America

    • Brazil

    • Mexico

    • Argentina

  • Middle East & Africa

    • South Africa

    • Saudi Arabia

    • UAE

    • Kuwait

• Key Players

  • UBE Industries

  • Qingdao Aspirant Chemicals Co.

  • KOWA American Corporation

  • Shandong Haike Chemical Group Co., Ltd.

  • Kingdun Chemical Co., Limited.

  • Tokyo Chemical Industry Co., Ltd.

  • Hefei TNJ Chemical Industry Co. Limited

  • Connect Chemicals

  • Aceto Corporation

  • Wego Chemical Group