Dimethyl Carbonate Market Report 2026

The dimethyl carbonate market size has grown strongly in recent years. It will grow from $1.18 billion in 2025 to $1.26 billion in 2026 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to shift away from toxic methylating agents, growth of polycarbonate plastics demand, increasing use of environmentally friendly solvents, expansion of specialty chemical manufacturing, availability of large-scale carbonate synthesis technologies.

The dimethyl carbonate market size is expected to see strong growth in the next few years. It will grow to $1.6 billion in 2030 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to increasing demand from lithium-ion battery manufacturing, rising investments in green chemistry processes, expansion of energy storage applications, growing pharmaceutical solvent requirements, increasing adoption in sustainable chemical synthesis. Major trends in the forecast period include increasing use of green methylation agents, rising demand for battery-grade dimethyl carbonate, growing adoption in polycarbonate production, expansion of phosgene-free chemical processes, enhanced focus on high-purity solvent applications.

The increasing demand for lithium-ion batteries is expected to propel the growth of the dimethyl carbonate market. Lithium-ion (Li-ion) batteries rely on lithium ions in their electrochemistry, and dimethyl carbonate is used as an electrolyte to increase the octane number as an alternative to MTBE (methyl tert-butyl ether). For instance, in 2025, according to the International Energy Agency, a France-based intergovernmental organization, EV batteries and storage applications reached the historical milestone of 1 TWh in 2024. Further, demand for EV batteries grew to over 950 GWh, a 25% increase compared to 2023. Therefore, the rising demand for lithium-ion batteries is driving the growth of the dimethyl carbonate market.

The growing electronics and automotive industries are also fueling demand for dimethyl carbonate. Rising consumer purchasing power and preference for advanced electronics and vehicles have contributed to this trend. Dimethyl carbonate serves as the electrolyte in lithium-ion batteries used in cell phones, notebook PCs, plug-in hybrid electric vehicles (PHEVs), and hybrid electric vehicles (HEVs). For instance, in March 2024, according to the International Energy Agency, approximately 14 million electric cars were registered globally in 2023, marking a 35% increase from 10.5 million in 2022. Electric vehicles accounted for 18% of total car sales in 2023, up from 14% in 2022, with battery electric vehicles making up 70% of the total electric car stock. This growth demonstrates strong momentum in the EV market, which is further driving demand for dimethyl carbonate.

Major companies in the dimethyl carbonate market are focusing on innovative solutions, including large-scale facility expansions, to meet the rising demand for high-volume production, stable supply, and downstream integration in chemical value chains. Facility expansion increases capacity, improves cost efficiency, and strengthens regional distribution. For instance, in March 2024, UBE Corp., a Japan-based chemical manufacturer, opened a dimethyl carbonate (DMC) and ethyl methyl carbonate (EMC) plant in the U.S., with an annual production capacity of 100,000 metric tons of DMC and 40,000 metric tons of EMC derived from DMC. This plant ensures a stable supply in the U.S., and UBE plans future downstream expansion into environmentally friendly products within the C1 chemical chain, including polycarbonate diol (PCD) and waterborne polyurethane dispersion (PUD).

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 2025. The regions covered in the dimethyl carbonate market report are Asia-Pacific, South East Asia, 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, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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.

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