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Dimethyl Carbonate Market Trends

Report ID: GMI823
Published Date: Sep 2024
Report Format: PDF

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Dimethyl Carbonate Market Trends

The dimethyl carbonate industry will witness robust growth through 2032, driven by the increasing focus on green chemistry and sustainable manufacturing processes. The adoption of dimethyl carbonate as a solvent in lithium-ion battery electrolytes is a notable trend, especially with the rising demand for electric vehicles (EVs).

This compound’s ability to enhance battery performance and safety while being less toxic than alternatives is likely to drive its use in battery production. Moreover, the growing emphasis on circular economy practices and the development of bio-based dimethyl carbonate are trends that are anticipated to shape the market landscape, aligning with global sustainability goals and consumer preferences for eco-friendly products. Additionally, the rising trends in approvals and licensing support market demand.

In July 2021, Asahi Kasei finalized its first licensing agreement for a technology package aimed at producing high-purity ethylene carbonate (EC) and high-purity dimethyl carbonate (DMC) using CO2 as a key feedstock.

Authors: Kiran Pulidindi, Akshay Prakash

Frequently Asked Questions (FAQ) :

Global market size for dimethyl carbonate recorded USD 1.1 billion in 2023 and will register an 8.2% CAGR from 2023 to 2032, driven by the increasing demand for environmentally friendly chemical alternatives in various industries.

The polycarbonate application segment is expected to cross USD 1.2 billion by 2032, as the push towards reducing carbon footprints in manufacturing processes has encouraged the use of dimethyl carbonate as a greener alternative to phosgene in polycarbonate production.

Asia Pacific market will generate a demand of over 800 kilotons by 2032, driven by the rise in electric vehicle (EV) production and the growing consumer electronics sector, where DMC is a crucial component in lithium-ion battery electrolytes.

Tangshan Chaoyang Chemical, Asahi Kasei, UBE Corporation, SMC Global, and Merck KgaA among others.