Dimethyl Carbonate Global Market Insights: Growth Drivers, Size & Forecasts to 2029

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What Is the Forecasted Market Growth Rate of the Dimethyl Carbonate Industry?
In recent times, there has been a consistent augmentation in the size of the dimethyl carbonate market. The market is projected to elevate from $1.13 billion in 2024 to $1.18 billion in 2025, indicating a compound annual growth rate (CAGR) of about 4.2%. Factors responsible for the growth observed in the historic period include the rising demand for sustainable solvents, emphasis on renewable chemicals, the use of dimethyl carbonate in biomedical research, high demand for specialty chemicals and a shift in preference towards green chemistry.

How Will the Dimethyl Carbonate Market Size Evolve From 2025 to 2029?
The market size of dimethyl carbonate is projected to experience robust growth in the upcoming years, reaching $1.51 billion by 2029, with a compound annual growth rate of 6.4%. The anticipated growth in the forecast period is largely due to the rising demand for battery electrolytes, integration in the automotive sector, advancements in biomedical applications, and increased needs for energy storage solutions. Notable trends expected during the forecasting period include expansion of the regional market, increasing environmental consciousness, a shift towards eco-friendly chemistry, stricter environmental laws, and the substitution for harmful solvents.

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What Are the Main Growth Drivers in the Dimethyl Carbonate Market Today?
The dimethyl carbonate market is predicted to expand due to the escalating demand for lithium-ion batteries. The lithium-ion (Li-ion) battery relies on lithium ions for its electrochemistry and uses dimethyl carbonate as an electrolyte to amplify the octane number, as opposed to Methyl tart-butyl ether (MTBE). For instance, in April 2023, the France-based International Energy Agency reported a substantial surge of about 65% in the demand for automotive lithium-ion (Li-ion) batteries to 550 GWh in 2022, which marks an increase from approximately 330 GWh in 2021. This was largely attributed to a 55% hike in registrations for electric passenger cars. In China, the demand for vehicle batteries increased by over 70%, paralleling an 80% growth in electric car purchases. Despite the comparatively modest 55% increase in electric car sales, the U.S. saw an 80% rise in battery demand. Therefore, the growing demand for lithium-ion batteries is acting as a catalyst for the expansion of the dimethyl carbonate market.

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Which Dimethyl Carbonate Market Segment Is Expected to Lead Through 2029?
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

Which Market Trends Are Expected to Dominate Dimethyl Carbonate Industry Growth?
In the dimethyl carbonate market, facility expansion is emerging as a significant trend. To enhance capital, manufacturers in this industry are emphasizing extending their infrastructures. For example, UBE Corp., a chemical manufacturing and selling company based in Japan, inaugurated a plant for dimethyl carbonate (DMC) and ethyl methyl carbonate (EMC) in the U.S in March 2024. The factory is capable of annually producing 100,000 metric tons of DMC and 40,000 metric tons of EMC, an output derived from DMC. By developing this factory, UBE aims to guarantee a steady supply in the U.S. Furthermore, UBE intends to carry out future downstream growth in the C1 chemical chain's environment-friendly products, including polycarbonate diol (PCD) and waterborne polyurethane dispersion (PUD).

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Which Companies Hold the Largest Market Share in the Dimethyl Carbonate Sector?
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.

Where Is the Dimethyl Carbonate Market Experiencing the Highest 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.

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