Surging Demand For Lithium-Ion Batteries Fuels Dimethyl Carbonate Market Growth: Critical Driver Shaping the Dimethyl Carbonate Market in 2025

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Dimethyl Carbonate Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The size of the dimethyl carbonate market has experienced significant growth in the last few years. Its size is projected to expand from $1.13 billion in 2024 to $1.2 billion in 2025, elevating at a compound annual growth rate (CAGR) of 5.8%. The notable growth during the previous years can be linked to the increased demand for environmentally friendly solvents, emphasis on renewable chemicals, applications in biomedical research, as well as the need for specialty chemicals and a shift towards green chemistry.

Dimethyl Carbonate Market Size Forecast: What's the Projected Valuation by 2029?
The market size of dimethyl carbonate is predicted to experience substantial growth in the coming years, with an expected valuation of $1.57 billion in 2029 and a compound annual growth rate (CAGR) of 6.9%. Factors contributing to this predicted growth in the forecast period include increased demand in battery electrolytes, the incorporation into the automotive industry, developments in biomedical applications, and the requirement for energy storage solutions. Noteworthy trends during the forecast period encompass regional market widening, rising environmental consciousness, a transition to green chemistry, strict environmental legislation, and substitutions for detrimental solvents.

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What Are the Drivers Transforming the Dimethyl Carbonate Market?
The dimethyl carbonate market is anticipated to expand due to the rising demand for lithium-ion batteries. Lithium-ion (Li-ion) batteries are an advanced technology that utilizes lithium ions in its electrochemical reactions. Instead of MTBE (Methyl tart-butyl ether), dimethyl carbonate is deployed as an electrolyte in lithium batteries to boost the octane number. The International Energy Agency, a French-based intergovernmental organization, reported in April 2023 that automotive lithium-ion (Li-ion) battery use surged roughly 65% to 550 GWh in 2022, an increase from approximately 330 GWh in 2021. This rise was largely driven by a 55% surge in electric passenger car registrations. In China, demand for vehicle batteries escalated over 70%, coinciding with an 80% increase in electric car sales. Battery demand in the U.S. also saw an 80% increase, despite electric car sales only growing by 55%. As such, the growing demand for lithium-ion batteries is fueling the expansion of the dimethyl carbonate market.

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What Long-Term Trends Will Define the Future of the Dimethyl Carbonate Market?
The trend of enhancing facilities is becoming increasingly significant in the dimethyl carbonate market. To boost capital, manufacturers within the sector are concentrating on expanding their structures. Case in point, UBE Corp., a Japanese chemical manufacturing and selling company, launched a DMC and EMC plant in the U.S. in March 2024. The plant has the capacity to produce 100,000 metric tons of DMC and 40,000 metric tons of EMC, a derivative of DMC, annually. UBE built this plant with the goal of providing a consistent supply in the U.S. Moreover, it has outlined plans for future downstream expansion, aiming to incorporate eco-friendly products in the C1 chemical chain, like polycarbonate diol (PCD) and waterborne polyurethane dispersion (PUD).

Which Segments in the Dimethyl Carbonate Market Offer the Most Profit Potential?
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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Which Firms Dominate the Dimethyl Carbonate Market by Market Share and Revenue in 2025?
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.

Which Regions Offer the Highest Growth Potential in the Dimethyl Carbonate Market?
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.

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