Increasing demand for battery materials owing to rising electric vehicle sales is expected to remain a key growth driver for sales of dimethyl carbonate. The global dimethyl carbonate market is projected to expand at a 5.8% CAGR over the assessment period, reaching US$ 954.1 Million by 2032.
Dimethyl carbonate is one of the key organic solvents and a chemical intermediate used in downstream applications. In addition to the conventional applications of dimethyl carbonate such as polycarbonate production, adhesives, sealants, coatings, etc. lithium battery electrolyte segment is gaining traction in the market.
The battery electrolyte segment is expected to witness significant growth owing to increasing applications. Industrial grade methyl carbonate is relatively a less pure grade of DMC and is mainly used in traditional downstream applications and for the manufacturing of polycarbonates, whereas battery grades are comparatively of high purity and are used in lithium batteries electrolytes.
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An increase in the preference for green or renewable chemicals is expected to boost sales of methylating agents in the forthcoming years, thereby augmenting the growth in the market.
“Growing demand for polycarbonate for the production of safety helmets, bulletproof glass, roofing and glazing, and others are expected to propel the consumption of dimethyl carbonate over the forecast period,” says an FMI analyst.
Key Takeaways:
- More than 50% of dimethyl carbonate is to be consumed for the production of polycarbonate throughout the forecast period.
- The battery-grade segment is anticipated to witness growth at a 6.7% CAGR over the forecast period.
- The USA will hold 89% of the North American dimethyl carbonate market share through 2032.
- Sales of dimethyl carbonate in China will increase by 6.4% year-over-year.
- The South Asia and Pacific dimethyl carbonate market will offer an incremental dollar opportunity of US$ 71.6 Million.
Competitive Landscape
Some of the leading manufacturers of dimethyl carbonate
- Ube Industries Ltd.
- Kowa Company Ltd
- Kishida Chemical Co. Ltd.
- Shandong Shida Shenghua Chemical Group Co. Ltd.
- Guangzhou Tinci Materials Technology Co. Ltd.
- Haike Chemical Group
- Zhejiang Petrochemical Co., Ltd.
- Hefei TNJ Chemical Industry Co., Ltd.
- Tangshan Chaoyang Chemical Co., Ltd.,
- Qingdao Aspirit Chemical Co., Ltd.
- Kindun Chemical Co., Limited
- Henan GP Chemicals Co. Ltd.
- Aceto Corporation
- Connect Chemicals
- Silver Fern Chemicals
- Balaji Amines
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More Insights into the Dimethyl Carbonate Market Report
In its latest report, FMI offers an unbiased analysis of the global dimethyl carbonate market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented based on grade, application, end-user, and region.
Dimethyl Carbonate Market Segmentation
By Grade:
- Industry Grade
- Pharmaceutical Grade
- Battery Grade
By Application:
- Polycarbonate Synthesis
- Battery Electrolyte
- Solvents
- Reagents
- Fuel Additives
- Electrolyte
- Others
By End Use:
- Plastics
- Paints & Coating
- Pharmaceutical
- Battery
- Agrochemicals
- Adhesives & Sealants
- Electronics
- Others
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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