The dimethyl carbonate market was estimated at about 822 million in 2020 and is expected to exhibit a CAGR of about 6% during the forecast period (2021-2027). Dimethyl carbonate (DMC) is an important industrial chemical. It is also used as a chemical reagent, especially for methylation and methoxy carbonylation reactions. It is used as an intermediate in the manufacture of polycarbonate. Due to its high strength, light weight, excellent chemical and heat resistance, polycarbonate is widely applied in manufacturing compact discs, safety helmets, bulletproof glass, automobile headlamp lenses, baby bottles, roofs and glazing, etc. DMC is non-toxic to humans, has no negative impact on the environment, and is rapidly biodegradable, making it particularly suitable for use as a chemical. Therefore, increasing demand for polycarbonate, battery electrolytes, reagents and solvents will drive the DMC market. but,
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In emerging countries such as India, Brazil and China, populations are moving to urban areas, which is driving growth in the construction industry. Additionally, increasing disposable income and changing lifestyles are increasing the need for decorative homes. This leads to increased demand for building materials such as paints, adhesives and sealants, cement, iron and steel. Increase in construction activities will increase the demand for paints, which will boost the demand for DMC. In addition, major key players are adopting different strategies such as acquisitions, business expansion and collaboration to survive in a highly competitive market. For example, in 2020, leading dimethylcarbonate producer Ube Industries, Ltd.
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The novel coronavirus has negatively impacted dimethyl carbonate supply and demand due to the shutdown of manufacturing plants and the closure of borders to contain the spread of the virus. Pandemic-induced manufacturing facility closures are reducing demand for dimethyl carbonate, which is used in the production of many industrial products.
Based on grade, the dimethyl carbonate market is segmented into industrial, pharmaceutical, and battery grade. The industrial grade segment holds a significant market share as it is frequently used in the production of polycarbonate. It is also used as a reagent in pesticides and as a solvent in paints and coatings. Growing demand for polycarbonate in end use sectors including automotive, electrical and electronics is expected to boost the demand for industrial grade dimethyl carbonate. Moreover, the battery class category will grow at a significant rate during the forecast period owing to the increasing demand for electric vehicles where batteries are widely used.
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On an application basis , the DMC market is segmented into polycarbonate synthesis, battery electrolytes, solvents, and reagents. Among them, polycarbonate synthesis has an advantageous market share because DMC is used as an intermediate in the manufacture of polycarbonate, which accounts for the majority of production. In addition, increasing production of polycarbonate owing to increasing demand from the automotive and electronics industries will propel the growth of the DMC market. Additionally, growing awareness of green manufacturing of thermoplastics has helped DMC production. However, battery electrolyte is likely to grow at a significant growth rate over the forecast period. This is due to the increasing demand for batteries in the automotive and transportation sectors and energy storage systems as countries transition to a green economy by choosing cleaner fuels.
Based on end use, the DMC market is segmented into plastics, paints & coatings, pharmaceuticals, batteries, pesticides, and others. Among them, plastics occupied the first place in market share with the use of DMC in the production of polycarbonate resin. Also, dimethyl carbonate is often used in the pharmaceutical industry to make antibiotics. Additionally, the battery category is projected to grow at an impactful growth rate owing to growing demand for batteries in the transportation and automotive sectors. This is largely because countries are increasingly focused on decarbonizing their economies and achieving the goals promised in the Paris Agreement.
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Additionally, the report provides detailed initiatives being undertaken in the field of dimethyl carbonate. The market is segmented into distinct regions including North America, Europe, Asia Pacific, and Rest of the World. Asia Pacific holds a significant market share in the dimethyl carbonate market. The increasing use of dimethyl carbonate in polycarbonate manufacturing in emerging countries is driving demand in these regions. Growing demand for lithium ion batteries in electronics and automotive industries boosts the lithium ion battery electrolyte industry and consequently increases demand for dimethyl carbonate, which is expected to drive the market to grow at a significant growth rate. Further, the market is characterized by the presence of several market players serving a wide range of customers in the region. These players adopt different strategies to stay competitive in the market and gain a competitive edge over other players operating in the market.
Global Dimethyl Carbonate Market Segmentation
Market insights by grade
· Industrial grade
· Pharmaceutical grade
· Battery rating
Market Insights by Application
· Polycarbonate synthesis
・Battery Electrolyte
· Solvent
· Reagent
· etc
Market Insights by End-Use
· plastic
· Paints and coatings
· Restrictions
· battery
· pesticide
· etc
Market Insights by Region
· North America
· europe
· Asia Pacific
· Rest of the world
Top company profiles
· Ube Industry Co., Ltd.
・Kowa Co., Ltd.
· Shandong Shida Shenghua Chemical Group Co. Ltd.
Guangzhou Tinci Material Technology Co., Ltd.
· Heike Chemical Group Co., Ltd.
· Arrow Chemical Group Corp.
· Panax E-Tech Co., Ltd.
· Henan GP Chemical Co., Ltd.
· WEGO Chemical Group
· Connect Chemicals GmbH