Uncategorized

Dimethyl Carbonate Market to Reach USD 1.46 Billion by 2030 Driven by Surging Polycarbonate Demand

The Dimethyl Carbonate Market Size was valued at USD 921.14 million in 2022, and is expected to reach USD 1.46 billion by 2030, and grow at a CAGR of 6.0% over the forecast period 2023-2030.The global Dimethyl Carbonate (DMC) market is poised for significant growth, reaching a projected value of USD 1.46 billion by 2030. This upsurge is primarily driven by the escalating demand for polycarbonate, a key material in various industries. DMC serves as a vital raw material in polycarbonate production, and as the use of polycarbonate expands, the demand for DMC is expected to follow suit. The Dimethyl Carbonate (DMC) market is experiencing a notable surge in demand driven by its versatile applications and its status as an environmentally friendly solvent and chemical intermediate. Dimethyl carbonate, a colorless, flammable liquid with low toxicity, serves as a key ingredient in various industries, including pharmaceuticals, agrochemicals, paints and coatings, and electronics. Its unique properties, such as high solvency, low volatility, and biodegradability, make it an attractive alternative to conventional solvents and methylating agents, particularly in applications where environmental and health considerations are paramount.

Moreover, the Dimethyl Carbonate market is witnessing significant growth due to regulatory mandates and industry initiatives aimed at reducing emissions of volatile organic compounds (VOCs) and hazardous air pollutants (HAPs). Dimethyl carbonate’s low VOC content, excellent solvency power, and non-toxicity position it as a preferred solvent in eco-friendly formulations of paints, coatings, adhesives, and cleaning products. Furthermore, its role as a green methylating agent in organic synthesis processes, such as the production of pharmaceuticals and fine chemicals, aligns with the growing demand for sustainable and environmentally responsible manufacturing practices. Furthermore, technological advancements and process innovations are driving efficiencies and expanding the market potential of Dimethyl Carbonate. Novel production methods, such as oxidative carbonylation and transesterification, offer higher yields, lower energy consumption, and reduced environmental impact compared to traditional synthesis routes. Additionally, research efforts focused on catalyst development and process optimization aim to enhance the selectivity and purity of Dimethyl Carbonate, enabling its application in a broader range of industries and end-use applications. As a result, the Dimethyl Carbonate market is poised for continued growth, fueled by ongoing efforts to develop sustainable solutions and meet the evolving needs of diverse industries while minimizing environmental footprint and enhancing operational efficiency.

Get Sample Report of Dimethyl Carbonate Market@https://www.snsinsider.com/sample-request/1975

Some of the Key Players Included are:

  • Kowa Company Ltd. (Japan)
  • Guangzhou Tinci Materials Technology Co Ltd. (China)
  • Ube Industries Ltd. (Japan)
  • Haike Chemical Group (China)
  • Kishida Chemical Co. Ltd. (Japan)
  • Shandong Shida Shenghua Chemical Group Co., Ltd. (China)
  • Merck KGaA (Germany)

Market Analysis:

Dimethyl carbonate (DMC) is a versatile organic compound with a multitude of applications in the chemical industry. It serves as a solvent, reagent, and intermediate, and is also instrumental in the production of various chemicals, including polycarbonate. Polycarbonate, a thermoplastic polymer, finds widespread use in manufacturing automotive components, electronic & electrical devices, and construction materials.

The demand for DMC is intricately linked to the demand for polycarbonate. As polycarbonate production scales up, the requirement for DMC as a raw material surges proportionately. This is because DMC is a primary component in polycarbonate synthesis.

Furthermore, DMC presents itself as a safer and more environmentally friendly alternative to conventional solvents and reagents. Its properties, including low toxicity, flammability, and volatility, make it an attractive choice compared to traditional solvents like methylene chloride and chloroform, which pose a greater threat to human health and the environment.

Segment Analysis:

The Dimethyl Carbonate (DMC) market is segmented based on grade, encompassing Industrial Grade, Pharmaceutical Grade, Battery Grade, and others. The Industrial Grade segment held the dominant share of the market revenue in 2022. This dominance can be attributed to the widespread use of industrial-grade DMC across various industries. It finds applications in paints & coatings, adhesives & sealants, plastics manufacturing, and more. In the chemical industry, industrial-grade DMC serves as a solvent and a methylating agent.

By End-Use industry

  • Plastics
  • Paints & Coating
  • Pharmaceutical
  • Battery
  • Agrochemicals
  • Others (Adhesives & Sealants, Ink, Food & Beverages, and Energy)

By Application

  • Polycarbonate Synthesis
  • Battery Electrolyte
  • Solvents
  • Reagents
  • Others (Fuel Additives, Electrolyte for Supercapacitors, Electrolyte for Dye-synthesized Solar Cells)

By Grade

  • Industry grade (>99.0 weight %)
  • Pharmaceutical grade (>99.5 weight %)
  • Battery grade (>99.9 weight %)

Impact of Russia-Ukraine war: Navigating Uncertainties

The ongoing Russia-Ukraine war has cast a shadow on the global economy, with ripple effects impacting the Dimethyl Carbonate market. Disruptions in the supply chain, rising energy prices, and fluctuating raw material costs pose challenges to market stability. However, the long-term impact remains to be seen, and the market’s inherent resilience may help mitigate some of these issues.

Economic Slowdown:

A potential economic slowdown could hinder the growth of the Dimethyl Carbonate market. Reduced consumer spending and decreased industrial activity can dampen the demand for downstream products that utilize DMC, such as polycarbonates. For instance, a slowdown in the automotive industry could lead to lower demand for polycarbonate car parts, consequently impacting the demand for DMC.

Key Regional Developments: Asia Pacific Leads the Charge

The Asia Pacific region has consistently been the leading contributor to the DMC market, and this trend is expected to continue. This dominance stems from the presence of some of the world’s largest chemical and manufacturing industries in countries like China, India, Japan, and South Korea. The region is experiencing a surge in demand for polycarbonate and other chemicals due to factors like population growth, rapid urbanization, and rising disposable incomes.

Furthermore, the increasing adoption of electric vehicles and portable electronic devices in the region is driving the demand for lithium-ion batteries, which in turn fuels the demand for DMC. Additionally, significant investments are being channelled into the chemical and manufacturing sectors within the region, further propelling the DMC market forward. Governments in China and India are actively promoting domestic manufacturing and reducing reliance on imports, which is expected to bolster the demand for various chemicals, including DMC.

Recent Developments:

  • Lotte Chemical announced its expansion plans in February 2022. The company plans to set up a new production facility that will be capable of producing superior quality organic solvents, e.g.dimethyl carbonate for lithiumion batteries electrolyte.
  • UBE Corporation initiated the design of a Dimethyl Carbonate production plant for industrial use within the United States during July 2022. In order to meet rising consumer demand, the new unit is anticipated to be producing 100,000 tonnes of dimethyl carbonate a year.

Related Reports:

Biogas Market

Composite Packaging Market

Dolomite Market

Carbon Nanotubes (CNT) Market

Construction Chemicals Market

Fiber Cement Market

Industrial Lubricants Market

About Us:

SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company’s aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.

Contact Us:

Akash Anand – Head of Business Development & Strategy

info@snsinsider.com

Phone: +1-415-230-0044 (US) | +91-7798602273 (IND)

8 thoughts on “Dimethyl Carbonate Market to Reach USD 1.46 Billion by 2030 Driven by Surging Polycarbonate Demand

  • Hello there! This is my 1st comment here so I just wanted to give a quick shout out and say I really enjoy reading your blog posts.

    Can you recommend any other blogs/websites/forums that deal with the same subjects?
    Thanks a ton!

  • Thanks for the marvelous posting! I actually enjoyed reading it, you are a great author.I will be
    sure to bookmark your blog and definitely will come back later in life.
    I want to encourage you continue your great
    writing, have a nice evening!

  • Hi! I realize this is somewhat off-topic however I
    had to ask. Does operating a well-established website like yours
    take a lot of work? I am completely new to blogging however I do write in my journal everyday.
    I’d like to start a blog so I will be able to share my experience and thoughts online.
    Please let me know if you have any recommendations or tips for brand new aspiring bloggers.

    Thankyou!

Leave a Reply

Your email address will not be published. Required fields are marked *