The dimethyl carbonate market size has grown strongly in recent years. It will grow from $1.13 billion in 2024 to $1.2 billion in 2025 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to demand for sustainable solvents, focus on renewable chemicals, biomedical research applications, specialty chemicals demand, shift towards green chemistry.
The dimethyl carbonate market size is expected to see strong growth in the next few years. It will grow to $1.57 billion in 2029 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to demand for battery electrolytes, automotive sector integration, advancements in biomedical applications, energy storage solutions demand. Major trends in the forecast period include regional market expansion, growing environmental awareness, and shift towards green chemistry, stringent environmental regulations, and substitute for harmful solvents.
The rising demand for lithium-ion batteries is anticipated to drive the growth of the dimethyl carbonate market. Lithium-ion (Li-ion) batteries are a modern technology that utilizes lithium ions in their electrochemistry. Dimethyl carbonate serves as an electrolyte in lithium batteries to enhance the octane number, replacing MTBE (Methyl tert-butyl ether). For example, in April 2023, the International Energy Agency, a France-based intergovernmental organization, reported that automotive lithium-ion (Li-ion) battery demand surged by approximately 65%, reaching 550 GWh in 2022, compared to about 330 GWh in 2021. This increase was fueled by a 55% rise in electric passenger car registrations. In China, demand for vehicle batteries grew by over 70%, with electric car sales increasing by 80%. In the U.S., battery demand also surged by 80%, despite electric car sales rising by only 55%. Consequently, the growing demand for lithium-ion batteries is propelling the growth of dimethyl carbonate.
The dimethyl carbonate (DMC) market is set to grow with the expansion of the pharmaceutical sector. As a key solvent and reagent in pharmaceutical intermediate production, dimethyl carbonate experiences increased demand with the pharmaceutical industry's growth. Data from the India Brand Equity Foundation in November 2022 revealed that India's domestic pharmaceutical sector, valued at $42 billion in 2021, is expected to reach $65 billion by 2024 and $120-$130 billion by 2030. This rise in the pharmaceutical sector is a driving force behind the growth of the dimethyl carbonate (DMC) market.
The dimethyl carbonate market is witnessing growth propelled by escalating demand in the electronics and automotive sectors. With a changing economy and improved living standards, consumers exhibit a heightened preference for advanced electronics and automobiles. Dimethyl carbonate serves a crucial role as an electrolyte in lithium-ion batteries used in various electronic devices and vehicles. As per research by Care Ratings in March 2021, consumer electronics and appliance manufacturers are planning a 5% to 8% output increase in fiscal 2022. The Global EV Outlook 2021 reports a 50% increase in consumer spending on electric vehicle purchases in 2020, amounting to USD 120 billion. This increasing demand in the electronics and automotive industries directly contributes to the heightened demand for dimethyl carbonate.
Facility expansion is a significant trend gaining traction in the dimethyl carbonate market. Manufacturers in this sector are concentrating on expanding their facilities to boost capital. For example, in March 2024, UBE Corp., a Japan-based chemical manufacturer, inaugurated a dimethyl carbonate (DMC) and ethyl methyl carbonate (EMC) plant in the U.S. The facility boasts an annual production capacity of 100,000 metric tons of DMC and 40,000 metric tons of EMC, which is produced from DMC. With this plant's establishment, UBE aims to secure a stable supply within the U.S. Furthermore, UBE has plans for future downstream expansion into eco-friendly products within the C1 chemical chain, such as polycarbonate diol (PCD) and waterborne polyurethane dispersion (PUD).
Major companies in the dimethyl carbonate (DMC) market are concentrating on securing government approvals for their production facilities to enhance their market position. In September 2022, Balaji Amines, a chemical manufacturing firm based in India, reached a significant milestone by obtaining environmental clearance and consent to operate from the Maharashtra Pollution Control Board (MPCB) for its newly established plant located at the Maharashtra Industrial Development Corporation, a government agency in India focused on promoting and facilitating industrial development, in Chincholi, Solapur. The company officially began commercial production of dimethyl carbonate (DMC), propylene carbonate (PC), and propylene glycol (PG) from this state-of-the-art facility, which has an impressive installed capacity of 15,000 metric tons per year (MTPA) for each product.
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.
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. The countries covered in the dimethyl carbonate market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Dimethyl carbonate is a form of carbonic acid in which both hydrogen atoms are replaced with methyl groups. This substance serves as an environmentally friendly alternative to methyl halides (such as dimethyl sulfate) and phosgene in methylation and carboxylation processes.
Dimethyl carbonate is available in various grades, including industry grade (>99 weight %), pharmaceutical grade (>99.5 weight %), and battery grade (>99.9 weight %). The industry-grade (>99 weight %) segment is utilized in the production of polycarbonates and the synthesis of solvents and reagents. Industry-grade dimethyl carbonate is specifically designed for industrial purposes, contributing to the manufacturing of coatings, adhesives, and cleaning agents. Dimethyl carbonate is applied in various processes such as polycarbonate synthesis, battery electrolyte, solvents, reagents, and other applications like fuel additives, electrolytes for supercapacitors, and electrolytes for dye-sensitized solar cells. Industries such as plastics, paints and coatings, pharmaceuticals, batteries, agrochemicals, and others utilize dimethyl carbonate for various applications.
The dimethyl carbonate market research report is one of a series of new reports that provides dimethyl carbonate market statistics, including dimethyl carbonate industry global market size, regional shares, competitors with a dimethyl carbonate market share, detailed dimethyl carbonate market segments, market trends and opportunities, and any further data you may need to thrive in the dimethyl carbonate industry. This dimethyl carbonate market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The dimethyl carbonate market consists of sales of dimethyl carbonate used to synthesize polyurethane, polycarbonate, agricultural chemicals, and medicines. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The dimethyl carbonate market size is expected to see strong growth in the next few years. It will grow to $1.57 billion in 2029 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to demand for battery electrolytes, automotive sector integration, advancements in biomedical applications, energy storage solutions demand. Major trends in the forecast period include regional market expansion, growing environmental awareness, and shift towards green chemistry, stringent environmental regulations, and substitute for harmful solvents.
The rising demand for lithium-ion batteries is anticipated to drive the growth of the dimethyl carbonate market. Lithium-ion (Li-ion) batteries are a modern technology that utilizes lithium ions in their electrochemistry. Dimethyl carbonate serves as an electrolyte in lithium batteries to enhance the octane number, replacing MTBE (Methyl tert-butyl ether). For example, in April 2023, the International Energy Agency, a France-based intergovernmental organization, reported that automotive lithium-ion (Li-ion) battery demand surged by approximately 65%, reaching 550 GWh in 2022, compared to about 330 GWh in 2021. This increase was fueled by a 55% rise in electric passenger car registrations. In China, demand for vehicle batteries grew by over 70%, with electric car sales increasing by 80%. In the U.S., battery demand also surged by 80%, despite electric car sales rising by only 55%. Consequently, the growing demand for lithium-ion batteries is propelling the growth of dimethyl carbonate.
The dimethyl carbonate (DMC) market is set to grow with the expansion of the pharmaceutical sector. As a key solvent and reagent in pharmaceutical intermediate production, dimethyl carbonate experiences increased demand with the pharmaceutical industry's growth. Data from the India Brand Equity Foundation in November 2022 revealed that India's domestic pharmaceutical sector, valued at $42 billion in 2021, is expected to reach $65 billion by 2024 and $120-$130 billion by 2030. This rise in the pharmaceutical sector is a driving force behind the growth of the dimethyl carbonate (DMC) market.
The dimethyl carbonate market is witnessing growth propelled by escalating demand in the electronics and automotive sectors. With a changing economy and improved living standards, consumers exhibit a heightened preference for advanced electronics and automobiles. Dimethyl carbonate serves a crucial role as an electrolyte in lithium-ion batteries used in various electronic devices and vehicles. As per research by Care Ratings in March 2021, consumer electronics and appliance manufacturers are planning a 5% to 8% output increase in fiscal 2022. The Global EV Outlook 2021 reports a 50% increase in consumer spending on electric vehicle purchases in 2020, amounting to USD 120 billion. This increasing demand in the electronics and automotive industries directly contributes to the heightened demand for dimethyl carbonate.
Facility expansion is a significant trend gaining traction in the dimethyl carbonate market. Manufacturers in this sector are concentrating on expanding their facilities to boost capital. For example, in March 2024, UBE Corp., a Japan-based chemical manufacturer, inaugurated a dimethyl carbonate (DMC) and ethyl methyl carbonate (EMC) plant in the U.S. The facility boasts an annual production capacity of 100,000 metric tons of DMC and 40,000 metric tons of EMC, which is produced from DMC. With this plant's establishment, UBE aims to secure a stable supply within the U.S. Furthermore, UBE has plans for future downstream expansion into eco-friendly products within the C1 chemical chain, such as polycarbonate diol (PCD) and waterborne polyurethane dispersion (PUD).
Major companies in the dimethyl carbonate (DMC) market are concentrating on securing government approvals for their production facilities to enhance their market position. In September 2022, Balaji Amines, a chemical manufacturing firm based in India, reached a significant milestone by obtaining environmental clearance and consent to operate from the Maharashtra Pollution Control Board (MPCB) for its newly established plant located at the Maharashtra Industrial Development Corporation, a government agency in India focused on promoting and facilitating industrial development, in Chincholi, Solapur. The company officially began commercial production of dimethyl carbonate (DMC), propylene carbonate (PC), and propylene glycol (PG) from this state-of-the-art facility, which has an impressive installed capacity of 15,000 metric tons per year (MTPA) for each product.
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.
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. The countries covered in the dimethyl carbonate market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Dimethyl carbonate is a form of carbonic acid in which both hydrogen atoms are replaced with methyl groups. This substance serves as an environmentally friendly alternative to methyl halides (such as dimethyl sulfate) and phosgene in methylation and carboxylation processes.
Dimethyl carbonate is available in various grades, including industry grade (>99 weight %), pharmaceutical grade (>99.5 weight %), and battery grade (>99.9 weight %). The industry-grade (>99 weight %) segment is utilized in the production of polycarbonates and the synthesis of solvents and reagents. Industry-grade dimethyl carbonate is specifically designed for industrial purposes, contributing to the manufacturing of coatings, adhesives, and cleaning agents. Dimethyl carbonate is applied in various processes such as polycarbonate synthesis, battery electrolyte, solvents, reagents, and other applications like fuel additives, electrolytes for supercapacitors, and electrolytes for dye-sensitized solar cells. Industries such as plastics, paints and coatings, pharmaceuticals, batteries, agrochemicals, and others utilize dimethyl carbonate for various applications.
The dimethyl carbonate market research report is one of a series of new reports that provides dimethyl carbonate market statistics, including dimethyl carbonate industry global market size, regional shares, competitors with a dimethyl carbonate market share, detailed dimethyl carbonate market segments, market trends and opportunities, and any further data you may need to thrive in the dimethyl carbonate industry. This dimethyl carbonate market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The dimethyl carbonate market consists of sales of dimethyl carbonate used to synthesize polyurethane, polycarbonate, agricultural chemicals, and medicines. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Dimethyl Carbonate Market Characteristics3. Dimethyl Carbonate Market Trends and Strategies4. Dimethyl Carbonate Market - Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics, and the Recovery from COVID-19 on the Market32. Global Dimethyl Carbonate Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Dimethyl Carbonate Market34. Recent Developments in the Dimethyl Carbonate Market
5. Global Dimethyl Carbonate Growth Analysis and Strategic Analysis Framework
6. Dimethyl Carbonate Market Segmentation
7. Dimethyl Carbonate Market Regional and Country Analysis
8. Asia-Pacific Dimethyl Carbonate Market
9. China Dimethyl Carbonate Market
10. India Dimethyl Carbonate Market
11. Japan Dimethyl Carbonate Market
12. Australia Dimethyl Carbonate Market
13. Indonesia Dimethyl Carbonate Market
14. South Korea Dimethyl Carbonate Market
15. Western Europe Dimethyl Carbonate Market
16. UK Dimethyl Carbonate Market
17. Germany Dimethyl Carbonate Market
18. France Dimethyl Carbonate Market
19. Italy Dimethyl Carbonate Market
20. Spain Dimethyl Carbonate Market
21. Eastern Europe Dimethyl Carbonate Market
22. Russia Dimethyl Carbonate Market
23. North America Dimethyl Carbonate Market
24. USA Dimethyl Carbonate Market
25. Canada Dimethyl Carbonate Market
26. South America Dimethyl Carbonate Market
27. Brazil Dimethyl Carbonate Market
28. Middle East Dimethyl Carbonate Market
29. Africa Dimethyl Carbonate Market
30. Dimethyl Carbonate Market Competitive Landscape and Company Profiles
31. Dimethyl Carbonate Market Other Major and Innovative Companies
35. Dimethyl Carbonate Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Dimethyl Carbonate Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on dimethyl carbonate market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for dimethyl carbonate? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The dimethyl carbonate market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
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 Uses2) 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
Key Companies Mentioned: 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
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
Some of the major companies featured in this Dimethyl Carbonate market report include:- 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.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | February 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 1.2 Billion |
| Forecasted Market Value ( USD | $ 1.57 Billion |
| Compound Annual Growth Rate | 6.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 23 |
