Dimethyl Carbonate Market by Synthesis, Application, Grade, End-Use Industry

List of Tables

[185 Pages Report] The Dimethyl Carbonate Market size was estimated at USD 1.16 billion in 2023 and expected to reach USD 1.22 billion in 2024, at a CAGR 6.12% to reach USD 1.76 billion by 2030.

The dimethyl carbonate is a versatile chemical compound featuring both carbonate and methyl functionalities. Known for its low toxicity and environmentally friendly profile, DMC is used as a solvent, reagent, and intermediate in various industrial applications such as pharmaceuticals, polycarbonate production, and fuel additives. Stringent environmental standards that demand low-VOC solutions and a surge in the production of biodegradable plastics are driving the demand for dimethyl carbonate. The burgeoning electric vehicle market that needs advanced battery components is further driving the market growth of dimethyl carbonate. Rising breakthroughs in pharmaceutical manufacturing are further creating a platform for the dimethyl carbonate market. The volatility of raw material prices, such as methanol and phosgene, is hindering the market growth. The development of innovative synthesis methods potentially lowering production costs is expected to create opportunities for market growth. Searching for alternative feedstock sources, such as carbon dioxide, to create a greener production pathway for DMC is expected to fuel market growth in upcoming years.

KEY MARKET STATISTICS
Base Year [2023]	USD 1.16 billion
Estimated Year [2024]	USD 1.22 billion
Forecast Year [2030]	USD 1.76 billion
CAGR (%)	6.12%

Synthesis: Growing adoption of oxidative carbonylation of methanol due to less usage of hazardous materials

Direct synthesis from CO2 is an eco-friendly approach that involves the catalytic reaction of carbon dioxide with methanol to produce dimethyl carbonate (DMC). This process is gaining attention due to its potential to reduce greenhouse gas emissions and utilize CO2 as a raw material. Preference for this method increases when environmental impact is a critical factor or when carbon credit policies favor CO2 utilization. The ethylene carbonate transesterification process involves the reaction of ethylene carbonate with methanol to produce DMC and ethylene glycol. This process is typically preferred when a concurrent production of ethylene glycol is desirable or when there's an advantage in using ethylene carbonate as a starting material. It is often chosen for its high selectivity and yields. Methanol phosgenation is a traditional method where methanol reacts with phosgene to produce DMC. This process is preferred for its high efficiency and yield but is less favored in recent times due to the toxic nature of phosgene and stringent environmental regulations. Oxidative carbonylation of methanol is an approach where methanol and carbon monoxide react in the presence of an oxidizer, usually oxygen, to form DMC. Preferred for its use of less hazardous materials compared to the phosgenation method, this process is still complex due to the high pressures and temperatures required. This variant of the oxidative carbonylation process uses methyl nitrate as an intermediate, which reacts with CO to form DMC. The need-based preference for this method can be high in scenarios where there is an accessible supply of methyl nitrate or when the safety concerns of handling other more hazardous intermediates outweigh the complexity of the process. Urea transesterification involves the reaction of urea with methanol to produce DMC and ammonia. This method is environmentally friendly and uses readily available and non-toxic raw materials.

Application: Growing application of dimethyl carbonate as a fuel additive to improve the burn characteristics of gasoline and diesel

Dimethyl carbonate (DMC) is used as a battery electrolyte in lithium-ion batteries (LIBs) due to its high dielectric constant and good solvency for lithium salts. It provides a balance between high conductivity and stability, which is essential for efficient energy storage and battery longevity. Dye-sensitized solar cells (DSCs) benefit from DMC as an electrolyte for their low-cost and environmentally friendly profiles. DMC acts as a solvent in the DSCs, which improves ionic mobility, thereby increasing the photovoltaic efficiency. DMC is also used in supercapacitors for its electrochemical stability and high dielectric constant. Supercapacitors are preferred for rapid charge and discharge cycles and DMC as an electrolyte enhances these properties. As a fuel additive, DMC improves the burn characteristics of gasoline and diesel, reducing pollutants and enhancing performance. The need for DMC in this segment is linked to stringent environmental regulations and the push for cleaner burning fuels. Dimethyl Carbonate is a precursor in the manufacture of polycarbonates via melt transesterification processes. Polycarbonates are widely used in the production of electronic components, CDs, and eyewear lenses. DMC is gaining ground as a methylating agent and carbonylation reagent in organic synthesis due to its low toxicity and biodegradability. The pharmaceutical industry, agrochemicals, and fine chemicals all utilize DMC in synthesis processes. The applications of DMC extend to its role as a solvent in paints, coatings, and adhesives due to its quick evaporation rate and good solvent power.

Grade: Rising potential of industrial-grade DMC for less sensitive applications

Battery grade DMC is characterized by its exceptionally high purity and is primarily used as a solvent in lithium-ion batteries. The need for this grade of DMC has surged with the thriving electric vehicle (EV) market and the shift towards renewable energy storage solutions. Industrial-grade DMC is used in a wide range of applications, such as solvents or intermediates in organic synthesis, coatings, adhesives, and as a methylation agent. It often has a purity slightly lower than the battery grade, making it suitable for less sensitive applications. Pharmaceutical grade DMC is the purest form of DMC used as a reagent or solvent in drug manufacturing. Its purity levels exceed those of the battery grade, ensuring that it meets stringent regulatory standards for pharmaceutical applications.

End-Use Industry: Emerging usage of DMC in the paints & coatings industry due to its high solvency

In the agrochemical industry, DMC is often used as a solvent, intermediate, or a reagent in the synthesis of pesticides, fungicides, and herbicides. Its low toxicity makes it a preferable choice over other solvents to enhance the safety of agrochemical formulations. DMC is predominantly used within the battery industry as an electrolyte for lithium-ion batteries. This sector's growth is fueled by the demand for electric vehicles (EVs) and portable electronics, where high-performance batteries are crucial. The volatility and flammability of DMC are counterbalanced by its ability to create efficient and stable electrolyte solutions. The paints & coatings industry uses DMC as a solvent due to its high solvency and low toxicity profile. It contributes to lowering the volatile organic compound (VOC) content in paints, thus aligning with environmental regulations. DMC is used to improve paint quality, drying time, and resistance to weathering. In the pharmaceutical industry, DMC usage spans from solvent applications in drug formulation to being a reagent in chemical syntheses. It serves a critical role in ensuring purity and effectiveness in the production of APIs. Its low toxicity is particularly advantageous for pharmaceutical applications. DMC plays a role in the plastics industry as a phosgene-free intermediate in the production of polycarbonates. This production process is more environmentally benign, and thus the adoption of DMC is significant in eco-conscious companies. It allows for safer work environments and products with lower carbon footprints.

Regional Insights

The Asia-Pacific region is a pivotal market for Dimethyl Carbonate (DMC), led by China, Japan, and India. This region exhibits high consumer need due to the extensive application of DMC in various industries, including plastics, paints and coatings, and electronics, particularly for lithium-ion batteries. The Asia-Pacific market is characterized by significant manufacturing and exporting activities, with China being the largest producer and exporter of DMC globally.

The Americas region, particularly the United States and Canada, is another crucial market for DMC, with significant consumption in the automotive, electronics, and pharmaceutical sectors. In the US, consumer need is driven by technological advancements, with increasing demand for high-quality products that meet stringent environmental standards. The customer purchasing behavior leans toward sustainable and bio-based products, mirroring the global trend. The United States has seen growing investments in research aimed at expanding the application scope of DMC, especially in pharmaceuticals and biodegradable polymers. Regulatory initiatives, such as the Toxic Substances Control Act (TSCA), influence market operations and consumer behavior significantly. The Europe, Middle East, and Africa (EMEA) region presents a diverse market landscape for DMC. In EU countries, market growth is primarily propelled by stringent environmental regulations, encouraging the replacement of traditional solvents with greener alternatives such as DMC. The demand in the European market is largely associated with the pharmaceutical and paints and coatings industries.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Dimethyl Carbonate Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Dimethyl Carbonate Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Dimethyl Carbonate Market, highlighting leading vendors and their innovative profiles. These include Aarsha Chemicals Private Limited, Akzo Nobel N.V., Asahi Kasei Corporation, Balaji Amines Limited, Connect Chemicals GmbH, Dongwha Group, Dongying City Longxing Chemical Co., Ltd., Dongying Hi-Tech Spring Chemical Industrial Co., Ltd., Dongying Rich Chemical Co., Ltd., EMCO Dyestuff Pvt. Ltd., Haihang Industry Co.,Ltd., Hebei New Chaoyang Chemical Stock Co., LTD., Hefei TNJ Chemical Industry Co., Ltd., Kindun Chemical Co.,Limited, Kishida Chemical Co., Ltd., Kowa Company, Ltd., LobaChemie Pvt. Ltd., Lotte Chemical Corporation, Merck KGaA, Otto Chemie Pvt. Ltd., Shandong Depu Chemical Industry Science & Technology Co., Ltd., Shandong Wells Chemicals Co., Ltd., Tokyo Chemical Industry Co., Ltd., and UBE Corporation.

Market Segmentation & Coverage

This research report categorizes the Dimethyl Carbonate Market to forecast the revenues and analyze trends in each of the following sub-markets:

Synthesis
- Direct Synthesis From Co2
- Ethylene Carbonate Transesterification Process
- Methanol Phosgenation
- Oxidative Carbonylation of Methanol
- Oxidative Carbonylation of Methanol Via Methyl Nitrate
- Urea Transesterification

Application
- Battery Electrolyte
- Electrolyte for Dye-Sensitized Solar Cells
- Electrolyte for Supercapacitors
- Fuel Additives
- Polycarbonate Synthesis
  - Methoxycarbonylation Agent
  - Methylating Agent

Reagents
Solvents

Grade
- Battery Grade
- Industry Grade
- Pharmaceutical Grade

End-Use Industry
- Agrochemicals
- Batteries
- Paints & Coatings
- Pharmaceuticals
- Plastics

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Dimethyl Carbonate Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Dimethyl Carbonate Market?

3. What are the technology trends and regulatory frameworks in the Dimethyl Carbonate Market?

4. What is the market share of the leading vendors in the Dimethyl Carbonate Market?

5. Which modes and strategic moves are suitable for entering the Dimethyl Carbonate Market?

Product Code: MRR-ED54C46E89E2

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Extensive Demand for Polycarbonate From Various Industries
  - 5.1.1.2. Rising Demand for Dimethyl Carbonate in Lithium-Ion Battery Electrolytes
  - 5.1.1.3. Inclination Toward Environmental Friendly DMC Based Solvent (Coatings, Adhesives, Paint)
- 5.1.2. Restraints
  - 5.1.2.1. Production Toxicity and Health Concerns due to Dimethyl Carbonate
- 5.1.3. Opportunities
  - 5.1.3.1. Emerging Adoption of Dimethyl Carbonate as an Oxygenated Fuel Additive
  - 5.1.3.2. Advancements in DMC Synthesis Technologies
- 5.1.4. Challenges
  - 5.1.4.1. Significant Fluctuation in Raw Materials Prices
5.2. Market Segmentation Analysis
- 5.2.1. Synthesis: Growing adoption of oxidative carbonylation of methanol due to less usage of hazardous materials
- 5.2.2. Application: Growing application of dimethyl carbonate as a fuel additive to improve the burn characteristics of gasoline and diesel
- 5.2.3. Grade: Rising potential of industrial-grade DMC for less sensitive applications
- 5.2.4. End-Use Industry: Emerging usage of DMC in the paints & coatings industry due to its high solvency
5.3. Market Trend Analysis
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework Analysis
5.9. Client Customization

6. Dimethyl Carbonate Market, by Synthesis

6.1. Introduction
6.2. Direct Synthesis From Co2
6.3. Ethylene Carbonate Transesterification Process
6.4. Methanol Phosgenation
6.5. Oxidative Carbonylation of Methanol
6.6. Oxidative Carbonylation of Methanol Via Methyl Nitrate
6.7. Urea Transesterification

7. Dimethyl Carbonate Market, by Application

7.1. Introduction
7.2. Battery Electrolyte
7.3. Electrolyte for Dye-Sensitized Solar Cells
7.4. Electrolyte for Supercapacitors
7.5. Fuel Additives
7.6. Polycarbonate Synthesis
7.7. Reagents
7.8. Solvents

8. Dimethyl Carbonate Market, by Grade

8.1. Introduction
8.2. Battery Grade
8.3. Industry Grade
8.4. Pharmaceutical Grade

9. Dimethyl Carbonate Market, by End-Use Industry

9.1. Introduction
9.2. Agrochemicals
9.3. Batteries
9.4. Paints & Coatings
9.5. Pharmaceuticals
9.6. Plastics

10. Americas Dimethyl Carbonate Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Dimethyl Carbonate Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Dimethyl Carbonate Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. Balaji Amines starts production of DMC and PG at new plant in Solapur
- 13.3.2. Japan's Ube Plans DMC/EMC Production in the US

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio