Dimethyl Carbonate Market by Application (Polycarbonate Synthesis, Battery Electrolyte, Solvents, Reagents), End-use Industry (Plastics, Paints & Coatings, Pharmaceutical), Grade (Industry, Pharmaceutical, Battery), and Region - Global Forecast to 2030
SHANDONG DEPU CHEMICAL INDUSTRY SCIENCE & TECHNOLOGY CO., LTD.
SHANDONG WANLING CHEMICAL CO., LTD
ENAM ORGANICS INDIA LTD
SHANDONG AIVK CHEMICAL CO., LTD.
ZHENGZHOU MEIYA CHEMICAL PRODUCTS CO., LTD.
SHANDONG DAZE CHEMICAL GROUP
HAIHANG INDUSTRY
SHANDONG FEIYANG CHEMICAL CO., LTD.
HENAN GP CHEMICALS CO., LTD.
SHANDONG LONGZE CHEMICAL CO., LTD.
±âŸ ±â¾÷
SUNECO CHEMICAL CO., LTD.
DONGYING RICH CHEMICAL CO., LTD.
SMC GLOBAL
EMCO DYESTUFF
SHANDONG HANGDA CHEMICAL CO., LTD.
Á¦13Àå ÀÎÁ¢ ½ÃÀå°ú °ü·Ã ½ÃÀå
¼·Ð
Á¦ÇÑ »çÇ×
»óÈ£Á¢¼ÓµÈ ½ÃÀå
¹èÅ͸®¿ë ÀüÇØ¾× ½ÃÀå : ¹èÅ͸® À¯Çüº°
³³ÃàÀüÁö
¸®Æ¬À̿ ¹èÅ͸®
Á¦14Àå ºÎ·Ï
KSA
¿µ¹® ¸ñÂ÷
¿µ¹®¸ñÂ÷
The global dimethyl carbonate market is projected to grow from USD 1.56 billion in 2025 to USD 2.63 billion by 2030, at a CAGR of 11.1% during the forecast period.
Scope of the Report
Years Considered for the Study
2025-2030
Base Year
2024
Forecast Period
2025-2030
Units Considered
Value (USD Million/Billion) and Volume (Kiloton)
Segments
Grade, End-use industry, Application, and Region
Regions covered
North America, Europe, Asia Pacific, South America, and Middle East & Africa
DMC acts as an essential intermediary in the production of pharmaceuticals, agrochemicals, and fine chemicals. Its versatility, high reactivity, and eco-friendliness make it an appealing option for chemical synthesis methods. This aspect is a key factor driving the expansion of the dimethyl carbonate market.
"Battery electrolyte application to register highest CAGR during forecast period"
The battery electrolyte segment is expected to grow at the fastest CAGR. This growth is driven by the increasing demand for lithium-ion batteries used in electric vehicles (EVs), portable electronics, and grid-scale energy storage systems. DMC serves as a performance solvent in battery electrolytes, combining unique qualities such as high dielectric constant, low viscosity, thermal stability, and environmental friendliness, making it ideal for next-generation energy solutions. The global shift toward clean transportation and green energy has boosted investments in battery technology, with DMC playing a key role. Additionally, greater focus on regional and secure battery supply chains in Asia-Pacific and Europe, along with advancements in producing battery-grade DMC, is increasing the material's strategic importance and fueling demand in this high-growth application segment.
"Battery grade to record highest CAGR during forecast period"
The battery grade segment is expected to grow at the highest CAGR during the forecast period due to its importance in supporting the booming lithium-ion battery ecosystem. Battery-grade DMC, a key high-purity solvent, is used to manufacture electrolytes for modern batteries, which demand strict standards for safety, stability, and conductivity. Its rapid growth can mainly be linked to the rise in electric vehicle adoption, the expanding use in consumer electronics, and the scaling up of energy storage systems integrated with renewable energy. Additionally, China, Japan, and South Korea are all working to develop their battery production infrastructure, creating increased demand for battery-grade DMC. These countries not only serve the EV market but also host the largest battery manufacturing capacities in the world; therefore, they are the centers for high-purity DMC demand. Furthermore, being environmentally friendly and aligned with global sustainability goals makes DMC more preferred than traditional toxic solvents.
"Asia Pacific to account for maximum market share during forecast period"
The Asia Pacific dimethyl carbonate industry has been analyzed for China, Japan, India, South Korea, Thailand, and the rest of the Asia Pacific region. Technological advancements in high-purity dimethyl carbonate (DMC) production position Asia-Pacific as a likely dominant market player. Countries like China, Japan, and South Korea have adopted advanced processes to meet the demand for battery-grade dimethyl carbonate used in lithium-ion batteries and polycarbonates. Recent developments in dimethyl carbonate are driven by the region's booming electric vehicle industry, expanding consumer electronics sector, and significant investments in energy storage systems-each requiring large quantities of dimethyl carbonate. Lower production costs, favorable government policies, and integrated manufacturing ecosystems have made Asia-Pacific the global hub for both production and consumption of DMC, securing its leading market share.
Profile break-up of primary participants for the report:
By Company Type: Tier 1 - 40%, Tier 2 - 35%, and Tier 3 - 25%
By Designation: C-level- 30%, Director Level- 40%, and Others - 30%
By Region: North America - 25%, Europe - 30%, Asia Pacific - 35%, South America - 5%, and Middle East & Africa - 5%
UBE Corporation (Japan), LOTTE Chemical Corporation. (South Korea), Shinghwa Advanced Material Group Co., Ltd. (China), Hi-tech Spring. (China), and Shandong Hualu Hengsheng Group Co. (China) are some of the major players operating in the dimethyl carbonate market. These companies have adopted strategies such as expansion to increase their market share and revenue.
Research Coverage
The report defines, segments, and projects the size of the dimethyl carbonate market based on grade, application, end-use industry, synthesis, and region. It strategically profiles key players and thoroughly analyzes their market share and core competencies. It also monitors and examines competitive developments, such as new product development, agreements, acquisitions, and expansions they undertake in the market.
Reasons to Buy the Report
The report is designed to assist both market leaders and new entrants by providing close estimates of revenue figures for the dimethyl carbonate market and its segments. It aims to help stakeholders better understand the market's competitive landscape, obtain insights to strengthen their business positions, and develop effective go-to-market strategies. Additionally, it allows stakeholders to grasp market trends and offers information on key drivers, restraints, challenges, and opportunities.
The report provides insights into the following points:
Analysis of critical drivers (increasing demand for polycarbonate from various industries), restraints (use of highly toxic raw material for dimethyl carbonate synthesis), opportunities (dimethyl carbonate as an oxygenated fuel additive), and challenges (significant fluctuations in oil & gas prices) influencing the growth of the dimethyl carbonate market.
Product Development/Innovation: Detailed insights into upcoming technologies, research & development activities in the dimethyl carbonate market.
Market Development: Comprehensive information about lucrative markets - the report analyses the dimethyl carbonate market across varied regions.
Market Diversification: Exhaustive information about new products, various types, untapped geographies, recent developments, and investments in the dimethyl carbonate market.
Competitive Assessment: Comprehensive analysis of market shares, growth strategies, and product offerings of leading companies such as UBE Corporation (Japan), LOTTE Chemical Corporation (South Korea), Shinghwa Advanced Material Group Co., Ltd. (China), Sankyo Chemical Corporation (Japan), Shandong AIVK Chemical Co., Ltd. (China), Hi-tech Spring (China), Shandong Depu Chemical Industry Science & Technology Co., Ltd. (China), Enam Organics India Ltd (India), Shandong Hualu Hengsheng Group Co. (China), Zhengzhou Meiya Chemical Products Co. (China), Shandong Daze Chemical Group (China), Shandong Longze Chemical Co., Ltd (China), Shandong Wanling Chemical Co., Ltd (China), Haihang Industry (China), Shandong Chemical Co., Ltd. (China), and Henan GP Chemicals Co. (China) in the dimethyl carbonate market.
TABLE OF CONTENTS
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 MARKET SCOPE
1.3.1 INCLUSIONS & EXCLUSIONS OF STUDY
1.3.2 YEARS CONSIDERED
1.3.3 CURRENCY CONSIDERED
1.3.4 UNITS CONSIDERED
1.4 STAKEHOLDERS
1.5 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Key industry insights
2.1.2.3 List of participating companies for primary research
2.2 MARKET SIZE ESTIMATION
2.3 BASE NUMBER CALCULATION
2.3.1 SUPPLY-SIDE APPROACH
2.4 DATA TRIANGULATION
2.5 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST
2.6 ASSUMPTIONS
2.7 RISK ASSESSMENT
2.7.1 RESEARCH LIMITATIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES IN DIMETHYL CARBONATE MARKET
4.2 DIMETHYL CARBONATE MARKET, BY REGION
4.3 NORTH AMERICA: DIMETHYL CARBONATE MARKET, BY GRADE AND COUNTRY
4.4 DIMETHYL CARBONATE MARKET, BY MAJOR COUNTRY
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Increasing demand for polycarbonates across various industries
5.2.1.2 Rising use of dimethyl carbonate in lithium-ion battery electrolytes
5.2.1.3 Rising demand for eco-friendly solvents
5.2.2 RESTRAINTS
5.2.2.1 Use of toxic chemicals in dimethyl carbonate synthesis
5.2.2.2 High production costs
5.2.3 OPPORTUNITIES
5.2.3.1 Adoption of dimethyl carbonate as oxygenated fuel additive
5.2.3.2 Rapid industrialization in Asia Pacific and Africa
5.2.4 CHALLENGES
5.2.4.1 Fluctuations in oil & gas prices
5.2.4.2 Process integration & scalability
5.3 PORTER'S FIVE FORCES ANALYSIS
5.3.1 BARGAINING POWER OF SUPPLIERS
5.3.2 THREAT OF NEW ENTRANTS
5.3.3 THREAT OF SUBSTITUTES
5.3.4 BARGAINING POWER OF BUYERS
5.3.5 INTENSITY OF COMPETITIVE RIVALRY
5.4 KEY STAKEHOLDERS AND BUYING CRITERIA
5.4.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.4.2 BUYING CRITERIA
5.5 MACROECONOMIC OVERVIEW AND TRENDS
5.5.1 GDP TRENDS AND FORECAST
5.5.2 OIL AND NATURAL GAS PRICE TRENDS
5.5.3 INDUSTRY OUTLOOK
5.5.3.1 Electric vehicles
5.6 SUPPLY CHAIN ANALYSIS
5.7 ECOSYSTEM ANALYSIS
5.8 REGULATORY LANDSCAPE
5.8.1 TARIFFS RELATED TO DIMETHYL CARBONATE
5.8.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.9 PRICING ANALYSIS
5.9.1 AVERAGE SELLING PRICE OF DIMETHYL CARBONATE, BY REGION
5.9.2 AVERAGE SELLING PRICE OF DIMETHYL CARBONATE OFFERED BY KEY PLAYERS, BY GRADE
5.10 CASE STUDY ANALYSIS
5.10.1 GREEN SYNTHESIS OF DIMETHYL CARBONATE FROM CARBON DIOXIDE AND METHANOL USING TUNABLE IONIC LIQUID CATALYST
5.10.1.1 Objective
5.10.1.2 Solution statement
5.10.2 GREEN SYNTHESIS OF DIMETHYL CARBONATE FROM CARBON DIOXIDE AND METHANOL USING TUNABLE IONIC LIQUID CATALYST
5.10.2.1 Objective
5.10.2.2 Solution statement
5.11 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.12 INVESTMENT & FUNDING SCENARIO
5.13 TECHNOLOGY ANALYSIS
5.13.1 KEY TECHNOLOGIES
5.13.1.1 Methanol phosgenation
5.13.1.2 ENI process
5.13.1.3 Ube process
5.13.1.4 Asahi process
5.13.1.5 Urea transesterification
5.13.1.6 Direct CO2 synthesis
5.13.2 COMPLEMENTARY TECHNOLOGIES
5.13.2.1 Catalyst development for phosgene-free alternatives
5.13.2.2 Process intensification (reactive distillation)
5.13.3 ADJACENT TECHNOLOGIES
5.13.3.1 Oxidative carbonylation of methanol
5.13.3.2 Ethylene carbonate transesterification
5.14 KEY CONFERENCES AND EVENTS
5.15 PATENT ANALYSIS
5.15.1 LIST OF PATENTS
5.16 PRODUCTION COST
5.17 LOCATION-BASED COST
5.18 TRADE DATA
5.18.1 IMPORT SCENARIO (HS CODE 292090)
5.18.2 EXPORT SCENARIO (HS CODE 292090)
5.19 IMPACT OF AI/GEN AI
5.19.1 AI FOR PROCESS OPTIMIZATION IN DIMETHYL CARBONATE PRODUCTION
5.19.2 GENERATIVE AI IN CATALYST DISCOVERY
5.19.3 AI IN SUSTAINABILITY ASSESSMENT AND CARBON TRACKING
5.19.4 AI IN SUPPLY CHAIN AND MARKET FORECASTING
5.19.5 AUTONOMOUS LABS AND DIGITAL TWINS IN DMC RESEARCH
5.19.6 STRATEGIC AND COMMERCIAL SHIFTS DRIVEN BY AI
5.20 IMPACT OF 2025 US TARIFF - DIMETHYL CARBONATE MARKET
5.20.1 INTRODUCTION
5.20.2 KEY TARIFF RATES
5.20.3 PRICE IMPACT ANALYSIS
5.20.4 IMPACT ON COUNTRY/REGION
5.20.4.1 US
5.20.4.2 Europe
5.20.4.3 Asia Pacific
5.20.5 IMPACT ON END-USE INDUSTRIES
6 DIMETHYL CARBONATE MARKET, BY GRADE
6.1 INTRODUCTION
6.2 INDUSTRIAL GRADE (>99.0 WEIGHT %)
6.2.1 GROWING ELECTRONICS AND AUTOMOTIVE INDUSTRIES TO DRIVE MARKET
6.3 PHARMACEUTICAL GRADE (>99.5 WEIGHT %)
6.3.1 PRESENCE OF LARGE NUMBER OF MANUFACTURERS AND DISTRIBUTORS TO SUPPORT MARKET GROWTH
6.4 BATTERY GRADE (>99.9 WEIGHT %)
6.4.1 GROWING GLOBAL DEMAND FOR ELECTRIC VEHICLES TO DRIVE MARKET
7 DIMETHYL CARBONATE MARKET, BY SYNTHESIS
7.1 INTRODUCTION
7.2 METHANOL PHOSGENATION
7.3 OXIDATIVE CARBONYLATION OF METHANOL
7.4 OXIDATIVE CARBONYLATION OF METHANOL VIA METHYL NITRATE
7.5 ETHYLENE CARBONATE TRANSESTERIFICATION PROCESS
7.6 UREA TRANSESTERIFICATION
7.7 DIRECT SYNTHESIS FROM CO2
8 DIMETHYL CARBONATE MARKET, BY APPLICATION
8.1 INTRODUCTION
8.2 POLYCARBONATE SYNTHESIS
8.2.1 GROWING USE OF DIMETHYL CARBONATE AS PHOSGENE SUBSTITUTE IN POLYCARBONATE PRODUCTION TO DRIVE MARKET
8.3 BATTERY ELECTROLYTES
8.3.1 GROWING DEMAND FOR LITHIUM-ION BATTERIES IN ELECTRIC VEHICLE INDUSTRY TO DRIVE MARKET
8.4 SOLVENTS
8.4.1 RISING ADOPTION OF DIMETHYL CARBONATE AS VOC-EXEMPT SOLVENT IN PAINTS & COATINGS INDUSTRY TO DRIVE MARKET
8.5 REAGENTS
8.5.1 EXPANDING PHARMACEUTICAL INDUSTRY TO DRIVE MARKET
8.5.2 METHYLATING AGENTS
8.5.3 METHOXYCARBONYLATION AGENTS
8.6 OTHER APPLICATIONS
8.6.1 FUEL ADDITIVES
8.6.2 ELECTROLYTES FOR DYE-SENSITIZED SOLAR CELLS
8.6.3 ELECTROLYTES FOR SUPERCAPACITORS
9 DIMETHYL CARBONATE MARKET, BY END-USE INDUSTRY
9.1 INTRODUCTION
9.2 PLASTICS
9.2.1 GROWING DEMAND FOR POLYCARBONATE IN VARIOUS APPLICATIONS TO DRIVE MARKET
9.3 PAINTS & COATINGS
9.3.1 INCREASING DEMAND FOR GREEN SOLVENTS TO DRIVE MARKET
9.4 PHARMACEUTICAL
9.4.1 RISING DEMAND FOR ANTIFUNGAL, ANTIBIOTIC, ANTIBACTERIAL, AND ANTI-INFECTION DRUGS TO FUEL MARKET GROWTH
9.5 BATTERY
9.5.1 GROWING PRODUCTION OF LI-ION BATTERIES TO DRIVE DEMAND
9.6 AGROCHEMICALS
9.6.1 ESCALATING DEMAND FOR FERTILIZERS AND PESTICIDES TO DRIVE MARKET
9.7 OTHER END-USE INDUSTRIES
10 DIMETHYL CARBONATE MARKET, BY REGION
10.1 INTRODUCTION
10.2 ASIA PACIFIC
10.2.1 CHINA
10.2.1.1 High demand for polycarbonates in automotive industry to drive market
10.2.2 JAPAN
10.2.2.1 Expanding automotive and consumer electronics industries to drive demand
10.2.3 INDIA
10.2.3.1 Growing industrialization to fuel market growth
10.2.4 SOUTH KOREA
10.2.4.1 Booming electronics industry to drive market
10.2.5 TAIWAN
10.2.5.1 Rising demand in plastics industry to drive market
10.2.6 THAILAND
10.2.6.1 Increasing demand for polycarbonate synthesis to drive market
10.2.7 REST OF ASIA PACIFIC
10.3 EUROPE
10.3.1 GERMANY
10.3.1.1 Strong presence of Li-ion battery and electric vehicle manufacturers to drive market
10.3.2 FRANCE
10.3.2.1 Increasing applications of solvent and battery electrolytes in industrial and automotive sectors to drive demand
10.3.3 UK
10.3.3.1 Increased electric vehicle manufacturing to drive demand
10.3.4 SPAIN
10.3.4.1 Growing demand for polycarbonate synthesis to drive market
10.3.5 NETHERLANDS
10.3.5.1 Increasing electric vehicle sales to drive market
10.3.6 ITALY
10.3.6.1 Growing demand in paints & coatings, battery, and pharmaceuticals industries to drive market
10.3.7 REST OF EUROPE
10.4 NORTH AMERICA
10.4.1 US
10.4.1.1 Rising demand for polycarbonate synthesis to drive market
10.4.2 CANADA
10.4.2.1 Booming marine industry to drive demand
10.4.3 MEXICO
10.4.3.1 Growing production of consumer electronics to fuel demand
10.5 MIDDLE EAST & AFRICA
10.5.1 GCC COUNTRIES
10.5.1.1 Saudi Arabia
10.5.1.1.1 High polycarbonate production to drive market
10.5.1.2 UAE
10.5.1.2.1 Increasing demand for battery electrolytes to drive market
10.5.1.3 Rest of GCC countries
10.5.2 ISRAEL
10.5.2.1 Growing construction industry to drive market
10.5.3 TURKEY
10.5.3.1 Growing demand for polycarbonate synthesis in agriculture and textile industries to fuel market growth
10.5.4 SOUTH AFRICA
10.5.4.1 Growing demand for batteries to drive market
10.5.5 REST OF MIDDLE EAST & AFRICA
10.6 SOUTH AMERICA
10.6.1 BRAZIL
10.6.1.1 Booming automotive industry to drive market
10.6.2 ARGENTINA
10.6.2.1 Increased demand for polycarbonate synthesis in automotive industry to drive market
10.6.3 REST OF SOUTH AMERICA
11 COMPETITIVE LANDSCAPE
11.1 INTRODUCTION
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
11.3 REVENUE ANALYSIS
11.4 MARKET SHARE ANALYSIS
11.4.1 UBE CORPORATION
11.4.2 SHANDONG HUALU HENGSHENG GROUP CO., LTD.
11.4.3 LOTTE CHEMICAL CORPORATION
11.4.4 SHINGHWA ADVANCED MATERIAL GROUP CO., LTD.
11.4.5 HI-TECH SPRING
11.5 BRAND/PRODUCT COMPARISON
11.5.1 UBE CORPORATION
11.5.2 SHANDONG HUALU HENGSHENG GROUP CO., LTD.
11.5.3 LOTTE CHEMICAL CORPORATION
11.5.4 SHINGHWA ADVANCED MATERIAL GROUP CO., LTD.
11.5.5 HI-TECH SPRING
11.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024
11.6.1 STARS
11.6.2 EMERGING LEADERS
11.6.3 PERVASIVE PLAYERS
11.6.4 PARTICIPANTS
11.6.5 COMPANY FOOTPRINT: KEY PLAYERS, 2024
11.6.5.1 Company footprint
11.6.5.2 Region footprint
11.6.5.3 Synthesis footprint
11.6.5.4 Grade footprint
11.6.5.5 Application footprint
11.6.5.6 End-use industry footprint
11.7 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024