The global dimethyl carbonate market is projected to expand at a 5.8% CAGR over the assessment period, reaching US$ 954.1 Mn by 2032. Increasing demand for battery materials owing to rising electric vehicle sales is expected to remain a key growth driver for sales of dimethyl carbonate.
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 a 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 electrolyte.
An increase in the preference for green or renewable chemicals is expected to boost sales of methylating agent in the forthcoming years, thereby augmenting the growth in the market.
Key Takeaways:
- More than 50% of dimethyl carbonate to be consumed for the production of polycarbonate throughout the forecast period.
- The battery-grade segment is anticipated to witness a growth at a 6.7% CAGR over the forecast period.
- The U.S. will hold 89% of the North America 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 Mn.
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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
Competitive Landscape
Ube Industries Ltd., Shandong Shida Shenghua Chemical Group Co. Ltd., Kowa Company Ltd., Kishida Chemical Co. Ltd., Haike Chemical Group, Zhejiang Petrochemical Co., Ltd., Guangzhou Tinci Materials Technology 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, are some of the leading manufacturers of dimethyl carbonate.
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