Dimethyl Carbonate Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts

The Dimethyl Carbonate Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Dimethyl Carbonate Market Size During the Forecast Period?
The market size for dimethyl carbonate has seen significant expansion in the past few years. The market is expected to flourish from a size of $1.13 billion in 2024 to a worth of $1.2 billion in 2025, with a compound annual growth rate (CAGR) of 5.8%. This growth during the historical phase is largely attributable to factors such as the rising demand for eco-friendly solvents, emphasis on renewable chemicals, applications in biomedical research, demand for specialty chemicals, and a shift towards green chemistry.

Anticipations are high for a robust expansion in the dimethyl carbonate market size within the coming years. It is projected to escalate to $1.57 billion by 2029, boasting a compound annual growth rate (CAGR) of 6.9%. The surge during the predicted period is driven by factors including the demand for battery electrolytes, integration within the automotive sector, advancements observed in biomedical applications, and the increasing demand for energy storage solutions. Notable trends for the projection period encompass regional market growth, a rising consciousness about the environment, transition to eco-friendly chemistry, stringent environmental rules, as well as the substitution of detrimental solvents.

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What Are the High-Growth Segments in the Dimethyl Carbonate Market?
The dimethyl carbonate market covered in this report is segmented -

1) By Grade: Industry Grade (>99.0 weight %), Pharmaceutical Grade (>99.5 weight %), Battery Grade (>99.9 weight %)
2) By Application: Polycarbonate Synthesis, Battery Electrolyte, Solvents, Reagents, Other Applications (Fuel Additives, Electrolyte for Supercapacitors, Electrolyte For Dye-synthesized Solar Cells)
3) By End-Use Industry: Plastics, Paints And Coating, Pharmaceutical, Battery, Agrochemicals, Other End-Use Industries (Adhesives And Sealants, Ink, Food And Beverages, And Energy)

Subsegments:
1) By Industry Grade (>99.0 Weight %): General Industrial Applications, Solvent Applications, Chemical Intermediate Uses
2) By Pharmaceutical Grade (>99.5 Weight %): API (Active Pharmaceutical Ingredient) Production, Solvent For Drug Formulations, Research And Development
3) By Battery Grade (>99.9 Weight %): Lithium-Ion Battery Manufacturing, Electrolyte Solutions, Energy Storage Applications

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What Key Drivers Are Expected to Influence Future Dimethyl Carbonate Market Growth?
The surge in demand for lithium-ion batteries is predicted to spur the expansion of the dimethyl carbonate market. Lithium-ion (Li-ion) batteries are a contemporary innovation that depend on lithium ions for their electrochemical process. To enhance the octane number in lieu of MTBE (Methyl tart-butyl ether), dimethyl carbonate is utilized as an electrolyte in lithium batteries. To illustrate, the International Energy Agency, an intergovernmental organization based in France, reported in April 2023 that the demand for automotive lithium-ion (Li-ion) batteries skyrocketed by around 65% to 550 GWh in 2022, a significant increase from roughly 330 GWh in 2021. This surge was fueled by a 55% growth in registrations for electric passenger cars. In China, the need for vehicle batteries escalated over 70%, while electric car sales grew by 80%. Meanwhile, in the U.S., battery demand soared by 80%, even though electric car sales only increased by 55%. Consequently, the escalating demand for lithium-ion batteries fosters the expansion of the dimethyl carbonate market.

Which Companies Hold the Largest Share Across Different Dimethyl Carbonate Market Segments?
Major companies operating in the dimethyl carbonate market are Shandong Haike Chemical Industry Group Co. Ltd., Shandong Wells Chemicals Co. Ltd., Qingdao Aspirit Chemical Co. Ltd., Shandong Feiyang Chemical Co. Ltd., Kindun Chemical Co.Limited, Hefei TNJ Chemical Industry Co.Ltd., Dongying City Longxing Chemical Co. Ltd., Hebei New Chaoyang Chemical Stock Co.Ltd., Shandong Depu Chemical Industry Science & Technology Co. Ltd., Dongying Hi-tech Spring Chemical Industry Co. Ltd, Tongling Jintai Chemical Industrial, UBE Industries, Tangshan Chaoyang Chemical Co. Ltd., Mitsubishi Chemical Corporation, Tokyo Chemical Industry Co. Ltd., Linyi Evergreen Chemical Co. Ltd., Akzo Nobel N.V., Taizhou Lingyu Chemical Co. Ltd., Dongying Jintan Chemical Co. Ltd., Luxi Chemical Group Co.Ltd., Dongying Xinyuan Chemical Co. Ltd., Dongying City Shuangma Chemical Co. Ltd.

What Trends Are Driving Growth in The Dimethyl Carbonate Market?
A key trend emerging in the dimethyl carbonate market is the expansion of facilities by manufacturers. This strategic move is aimed at boosting their capital. UBE Corp., a renowned Japanese chemicals manufacturing and sales company, provides a case in point. In March 2024, the company inaugurated a plant in the U.S. for the production of dimethyl carbonate (DMC) and ethyl methyl carbonate (EMC), with DMC serving as the precursor for EMC. The annual production capacity of this plant stands at 100,000 metric tons for DMC and 40,000 metric tons for EMC. UBE's main objective behind setting up this plant has been to ensure a steady supply in the U.S. market. The company also has further expansion plans lined up with a focus on environmentally friendly products in the C1 chemical chain such as polycarbonate diol (PCD) and waterborne polyurethane dispersion (PUD).

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What Are the Emerging Geographies for The Dimethyl Carbonate Market Growth?
Asia-Pacific was the largest region in the dimethyl carbonate market in 2024. The regions covered in the dimethyl carbonate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Dimethyl Carbonate Market?
2. What is the CAGR expected in the Dimethyl Carbonate Market?
3. What Are the Key Innovations Transforming the Dimethyl Carbonate Industry?
4. Which Region Is Leading the Dimethyl Carbonate Market?

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