IMARC Group, a leading market research company, has recently released a report titled “ Dimethyl Carbonate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global dimethyl carbonate market size share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the dimethyl carbonate market?

Report Attributes

Details

Market Size in 2022

US$ 1.0 Billion

Market Forecast in 2028

$1.6 Billion

Growth rate (2023 to 2028)

CAGR of 7.5%

Base Year of the Analysis

2022

Forecast Period

2023-2028

What is dimethyl carbonate?

Dimethyl carbonate, also known as DMC, methyl carbonate, or Carbonic Acid Dimethyl Ester with the molecular formula (C3H6O3), is a clear, colorless liquid, slightly soluble in water. It is a carbonic acid with methyl groups replacing both hydrogens. This versatile compound is created by reacting carbon monoxide with methanol. It has minimal toxicity and a mild, sweet odor similar to ester. In addition, it can easily dissolve in water and most organic solvents and is readily biodegradable. It also has a low vapor pressure and high boiling point, making it safer to handle than other volatile solvents. As a result, DMC is frequently employed as a solvent and reagent in producing numerous chemicals and products, such as agrochemicals, plastics, paints and coating, pharmaceuticals, and electronics sectors.

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What are the growth prospects and trends in the dimethyl carbonate?

The market is primarily driven by the rising demand for DMC for low-toxicity, biodegradable, safe solvents owing to the growing environmental concern. In addition, the widespread adoption of consumer electronics such as smartphones and laptops is contributing to the market growth. Moreover, the increasing product application in the automotive sectors, the rising adoption of electric vehicles (EVs), and the escalating demand for lithium-ion batteries owing to their benefits, such as better safety and improved capacity retention, represent other major growth-inducing factors. Besides this, the implementation of favorable government initiatives to encourage the use of eco-friendly variants is providing a positive thrust to market growth. Furthermore, the growing demand for DMC as a solvent in the extraction of active pharmaceutical ingredients and the formulation of sedatives, antihistamines, and antibiotics is also propelling the market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

Grade Insights:

  • Industry Grade 
  • Pharmaceutical Grade
  • Battery Grade

Application Insights:

  • Polycarbonate Synthesis
  • Battery Electrolyte
  • Solvents
  • Reagents
  • Others

End Use Industry Insights:

  • Plastics
  • Paints and Coating
  • Pharmaceutical
  • Electronics
  • Agrochemicals
  • Others

Breakup by Geography:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

  • Connect Chemicals GmbH
  • Kishida Chemical Co. Ltd.
  • Kowa Company Ltd.
  • Merck KGaA
  • Qingdao Aspirit Chemical Co. Ltd.
  • Thermo Fisher Scientific Inc.
  • Tokyo Chemical Industry
  • UBE Corporation

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