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The value of the global dimethyl carbonate market is projected to reach US$ 512.8 mln in 2022, up 6.6% from 2021. Forecasts indicate that by 2030, DMC revenue will have risen to US$ 954.7 mm, a CAGR of 7.8 percent.
Carbon is a common ingredient in many synthetic materials, including fuels and polymers. Carbon's lack of toxicity has resulted in a demand among dimethyl carbonate merchants for chemical ingredients such as carbon dioxide (CO2) converted to dimethyl carbonate (DMC). This is expected to continue, as traditional methods like phosgenation produce undesirable byproducts including the highly toxic and corrosive gas phosgene and voluminous amounts of inorganic salts.
Therefore, players in the dimethyl carbonate market are increasing their investment in research and development to improve green chemistry's efficacy. Dimethyl carbonate (DMC) is being synthesised in large quantities by automakers from carbon dioxide (CO2) and methanol (CH3) in an effort to increase the efficiency of green chemistry. The green synthesis of DMC is gaining traction as a viable option because methanol may be used as a cheaper raw ingredient.
Demand for electric vehicles is likely to rise during the forecast period due to factors including the declining cost of li-ion batteries and government financial incentives and subsidies for the purchase of electric vehicles.
As a biodiesel additive, its usefulness rises due to its high oxygen content, adequate solubility, and boiling point. Dimethyl carbonate, when added to diesel, allows for cleaner combustion while cutting down on pollutants. During the projected period, the global market is expected to increase due to factors such as the rise in environmental concerns, the rise in consumer awareness, and the rise in adoption of sustainable and bio-degradable solutions.
Transparent, strong, thermally stable, chemically and heat resistant, and dimensionally stable, polycarbonate is in high demand as an engineering thermoplastic used in numerous industries including but not limited to electrical and electronics, automotive, building and construction, consumer products, and medicine. Polycarbonate is widely employed in the building and automobile industries. The expansion of these industries has increased pressure on plastic polymer manufacturers to keep up with rising demand. Countries including Germany, Japan, Thailand, and South Africa are ramping up production of the plastic polymer in response to rising demand from the packaging, electronics, and medical sectors.
The conventional process of making DMC produces hazardous byproducts and uses poisonous gases like phosgene and carbon monoxide. Phosgene is a chemical that can be very harmful to human health. Even the disposal of phosgene's byproducts has a significant influence on the environment, therefore any process design that includes it would incur additional expenditures. The methanol phosgenation method is used for the production of dimethyl carbonate by a number of companies across the world. As a result, this factor slows the expansion of the dimethyl carbonate industry.
Report Coverage
Global Dimethyl Carbonate research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Dimethyl Carbonate report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Dimethyl Carbonate competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Dimethyl Carbonate market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Dimethyl Carbonate market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Dimethyl Carbonate market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Ube Industries Ltd. (Japan), Merck KGaA (Germany), Alfa Aesar (UK), Lotte Chemical (South Korea), Kowa Company Ltd. (Japan), Kishida Chemical Co. Ltd. (Japan), Tokyo Chemical Industry Co., Ltd. (Japan), Shandong Shida Shenghua Chemical Group Co., Ltd. (China), Guangzhou Tinci Materials Technology Co., Ltd. (China), Haike Chemical Group (China), Dongying Hi-tech Spring Chemical Industry Co., Ltd. (China), Hebei New Chaoyang Chemical Stock Co., Ltd. (China), Shandong Depu Chemical Industry Science and Technology Co., Ltd. (China), Connect Chemicals (Germany), and Qingdao Aspirit Chemical Co., Ltd. (China)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Dimethyl Carbonate market based on the below-mentioned segments:
Global Dimethyl Carbonate Market, By grade
Industry grade (>99.0 weight %)
Pharmaceutical grade (>99.5 weight %)
Battery grade(>99.9 weight %)
Global Dimethyl Carbonate market, By Application
Polycarbonate Synthesis
Battery Electrolyte
Solvents
Reagents
Others (Fuel Additives, Electrolyte for Supercapacitors, Electrolyte for Dye-synthesized Solar Cells)
Global Dimethyl Carbonate Market, By End User
Plastics
Paints & Coating
Pharmaceutical
Battery
Agrochemicals
Others (Adhesives & Sealants, Ink, Food & Beverages, and Energy)
Global Dimethyl Carbonate market, Regional Analysis
Carbon is a common ingredient in many synthetic materials, including fuels and polymers. Carbon's lack of toxicity has resulted in a demand among dimethyl carbonate merchants for chemical ingredients such as carbon dioxide (CO2) converted to dimethyl carbonate (DMC). This is expected to continue, as traditional methods like phosgenation produce undesirable byproducts including the highly toxic and corrosive gas phosgene and voluminous amounts of inorganic salts.
Therefore, players in the dimethyl carbonate market are increasing their investment in research and development to improve green chemistry's efficacy. Dimethyl carbonate (DMC) is being synthesised in large quantities by automakers from carbon dioxide (CO2) and methanol (CH3) in an effort to increase the efficiency of green chemistry. The green synthesis of DMC is gaining traction as a viable option because methanol may be used as a cheaper raw ingredient.
Demand for electric vehicles is likely to rise during the forecast period due to factors including the declining cost of li-ion batteries and government financial incentives and subsidies for the purchase of electric vehicles.
As a biodiesel additive, its usefulness rises due to its high oxygen content, adequate solubility, and boiling point. Dimethyl carbonate, when added to diesel, allows for cleaner combustion while cutting down on pollutants. During the projected period, the global market is expected to increase due to factors such as the rise in environmental concerns, the rise in consumer awareness, and the rise in adoption of sustainable and bio-degradable solutions.
Transparent, strong, thermally stable, chemically and heat resistant, and dimensionally stable, polycarbonate is in high demand as an engineering thermoplastic used in numerous industries including but not limited to electrical and electronics, automotive, building and construction, consumer products, and medicine. Polycarbonate is widely employed in the building and automobile industries. The expansion of these industries has increased pressure on plastic polymer manufacturers to keep up with rising demand. Countries including Germany, Japan, Thailand, and South Africa are ramping up production of the plastic polymer in response to rising demand from the packaging, electronics, and medical sectors.
The conventional process of making DMC produces hazardous byproducts and uses poisonous gases like phosgene and carbon monoxide. Phosgene is a chemical that can be very harmful to human health. Even the disposal of phosgene's byproducts has a significant influence on the environment, therefore any process design that includes it would incur additional expenditures. The methanol phosgenation method is used for the production of dimethyl carbonate by a number of companies across the world. As a result, this factor slows the expansion of the dimethyl carbonate industry.
Report Coverage
Global Dimethyl Carbonate research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Dimethyl Carbonate report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Dimethyl Carbonate competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Dimethyl Carbonate market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Ube Industries Ltd. (Japan), Merck KGaA (Germany), Alfa Aesar (UK), Lotte Chemical (South Korea), Kowa Company Ltd. (Japan), Kishida Chemical Co. Ltd. (Japan), Tokyo Chemical Industry Co., Ltd. (Japan), Shandong Shida Shenghua Chemical Group Co., Ltd. (China), Guangzhou Tinci Materials Technology Co., Ltd. (China), Haike Chemical Group (China), Dongying Hi-tech Spring Chemical Industry Co., Ltd. (China), Hebei New Chaoyang Chemical Stock Co., Ltd. (China), Shandong Depu Chemical Industry Science and Technology Co., Ltd. (China), Connect Chemicals (Germany), and Qingdao Aspirit Chemical Co., Ltd. (China) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Dimethyl Carbonate Market from 2021 to 2030.
- Market Forecast for Dimethyl Carbonate Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Dimethyl Carbonate competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Dimethyl Carbonate
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Dimethyl Carbonate market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Dimethyl Carbonate market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Ube Industries Ltd. (Japan), Merck KGaA (Germany), Alfa Aesar (UK), Lotte Chemical (South Korea), Kowa Company Ltd. (Japan), Kishida Chemical Co. Ltd. (Japan), Tokyo Chemical Industry Co., Ltd. (Japan), Shandong Shida Shenghua Chemical Group Co., Ltd. (China), Guangzhou Tinci Materials Technology Co., Ltd. (China), Haike Chemical Group (China), Dongying Hi-tech Spring Chemical Industry Co., Ltd. (China), Hebei New Chaoyang Chemical Stock Co., Ltd. (China), Shandong Depu Chemical Industry Science and Technology Co., Ltd. (China), Connect Chemicals (Germany), and Qingdao Aspirit Chemical Co., Ltd. (China)
Primary Target Market
- Market Players of Dimethyl Carbonate
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Dimethyl Carbonate market based on the below-mentioned segments:
Global Dimethyl Carbonate Market, By grade
Industry grade (>99.0 weight %)
Pharmaceutical grade (>99.5 weight %)
Battery grade(>99.9 weight %)
Global Dimethyl Carbonate market, By Application
Polycarbonate Synthesis
Battery Electrolyte
Solvents
Reagents
Others (Fuel Additives, Electrolyte for Supercapacitors, Electrolyte for Dye-synthesized Solar Cells)
Global Dimethyl Carbonate Market, By End User
Plastics
Paints & Coating
Pharmaceutical
Battery
Agrochemicals
Others (Adhesives & Sealants, Ink, Food & Beverages, and Energy)
Global Dimethyl Carbonate market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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