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Dimethyl Carbonate (DMC) Market Research Report Information By Grade (Industrial Grade, Pharmaceutical Grade, Battery Grade and others), Application (Polycarbonate, Fuel Additive, Solvent, Lithium Battery, Pharmaceuticals, Pesticides and others), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2032


ID: MRFR/CnM/4040-CR | 163 Pages | Author: Priya Nagrale| February 2021

Global Dimethyl Carbonate (DMC) Market Overview


Dimethyl Carbonate (DMC) Market Size was valued at USD 1.17 Billion in 2023. The Dimethyl Carbonate industry is projected to grow from USD 1.25 Billion in 2024 to USD 1.80 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.00% during the forecast period (2024 - 2032). Dimethyl carbonate is more popularly suitable in multiple areas as it is less toxic in its origin and has a distinctive molecular structure. It is high in demand for the production of anti-infective, analgesics, and antipyretic drugs as it is used as a methylating agent the key market driver enhancing market growth.


Dimethyl Carbonate (DMC) Market Overview


Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Dimethyl Carbonate (DMC) Market Trends




  • High production of polycarbonate to boost the market growth




Dimethyl carbonate (DMC) is an organic compound that is widely used as a solvent, reagent, and intermediate in the chemical industry. It is also used in the production of various chemicals, including polycarbonate, a thermoplastic polymer that is commonly used in the manufacture of automotive components, electronic and electrical devices, and construction materials.


The demand for DMC is indeed closely linked to the demand for polycarbonate. As the production of polycarbonate increases, the demand for DMC as a raw material also increases. This is because DMC is one of the key raw materials used in the synthesis of polycarbonate.


Additionally, DMC is considered a safer and more environmentally friendly alternative to traditional solvents and reagents, which further increases its demand in the chemical industry. Its properties such as low toxicity, low flammability, and low volatility have made it an attractive alternative to traditional solvents, such as methylene chloride and chloroform, which are more hazardous to human health and the environment. The  DMC market is expected to grow at a significant rate in the coming years, driven by the increasing demand for polycarbonate and other chemicals, as well as the growing awareness of the benefits of using DMC as a safer and more sustainable alternative to traditional solvents and reagents. Therefore, such factors related to Dimethyl Carbonate (DMC) have enhanced the Dimethyl Carbonate (DMC) market CAGR across the globe in recent years.


Dimethyl Carbonate (DMC) Market Segment Insights


Dimethyl Carbonate (DMC) Grade Insights


The  Dimethyl Carbonate (DMC) market segmentation, based on grade, includes Industrial Grade, Pharmaceutical Grade, Battery Grade and others. The Industrial Grade segment held the majority share in 2022 of the  Dimethyl Carbonate (DMC) market revenue. This is mainly because the industrial grade DMC is the most commonly used form of the compound, finding applications in a variety of industries such as paints and coatings, adhesives and sealants, and plastics manufacturing, among others. Industrial-grade DMC is typically used as a solvent, and also as a methylating agent in the chemical industry.


Dimethyl Carbonate (DMC) Application Insights


Based on application, the  Dimethyl Carbonate (DMC) market segmentation includes Polycarbonate, Fuel Additives, Solvent, Lithium Battery, Pharmaceuticals, Pesticides, and others. The Polycarbonate segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period, 2023-2030. This is mainly because polycarbonate is one of the major end-use applications of DMC, and as the demand for polycarbonate increases, the demand for DMC also increases. Polycarbonate is widely used in the automotive industry for manufacturing exterior components, such as bumpers, spoilers, and mirrors, as well as interior components, such as instrument panels, and in the electronics and electrical industry for manufacturing components, such as lenses, display screens, and connectors. These all factors for Dimethyl Carbonate (DMC) positively impact the market growth.


Figure 2:  Dimethyl Carbonate (DMC) Market, by Grade, 2022 & 2030 (USD Billion)


Dimethyl Carbonate (DMC) Market, by Grade


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Dimethyl Carbonate (DMC) Regional Insights


By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. Asia Pacific has historically been the largest contributor to the  DMC market, and this trend is projected to continue in the coming years. The Asia Pacific region includes countries such as China, India, Japan, and South Korea, among others, and is home to some of the world's largest chemical and manufacturing industries. The growing demand for polycarbonate and other chemicals in the region, driven by the growing population, rapid urbanization, and increasing disposable incomes, has been a major factor contributing to the growth of the DMC market in Asia Pacific. The increasing adoption of electric vehicles and the growing demand for portable electronic devices in the region has driven the demand for lithium-ion batteries, which in turn has driven the demand for DMC. In addition, the region has also been witnessing significant investments in the chemical and manufacturing industries, which is expected to further fuel the growth of the DMC market. The governments of countries such as China and India are focusing on promoting domestic manufacturing and reducing dependence on imports, which is expected to drive the demand for various chemicals, including DMC.


Further, the major countries studied in the market report are The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil


Figure 3:  DIMETHYL CARBONATE (DMC) MARKET SHARE BY REGION 2022 (%)


DIMETHYL CARBONATE (DMC) MARKET SHARE BY REGION


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Europe’s Dimethyl Carbonate (DMC) market accounts for the second-largest market share. The demand for DMC in Europe is primarily driven by the pharmaceutical industry, where it is used as a solvent and intermediate for the production of various drugs. Europe has stringent regulations for the use of chemicals in pharmaceuticals, and the high quality and purity standards required for DMC make it a popular choice for pharmaceutical applications. In addition, the demand for DMC as a solvent in various industries, such as paints and coatings, adhesives and sealants, and electronics manufacturing, among others, is also growing in Europe. Moreover, the region is also witnessing an increasing focus on sustainable and eco-friendly solutions, which is expected to drive the demand for DMC as a fuel additive. DMC is used as an oxygenate additive in gasoline and as a cetane improver in diesel fuel, which can help to reduce emissions and improve fuel efficiency. Further, the Germany Dimethyl Carbonate (DMC) market held the largest market share, and the UK Dimethyl Carbonate (DMC) market was the fastest-growing market in the European region.


North America, Dimethyl Carbonate (DMC) market, is expected to grow at the fastest CAGR from 2023 to 2030. The demand for DMC in North America is primarily driven by the polycarbonate industry, where it is used as a raw material for the production of various polycarbonate resins and polymers. The increasing demand for polycarbonate in various end-use applications, such as automotive, electronics, and construction, has driven the demand for DMC in the region. In addition, the increasing focus on sustainability and environmental regulations in the region is expected to drive the demand for DMC as a fuel additive. DMC is used as an oxygenate additive in gasoline and as a cetane improver in diesel fuel, which can help to reduce emissions and improve fuel efficiency. Moreover, the U.S. Dimethyl Carbonate (DMC) market held the largest market share, and the Canada Dimethyl Carbonate (DMC) market was the fastest-growing market in the North American region.


Dimethyl Carbonate (DMC) Key Market Players & Competitive Insights


Major market players are spending a lot of money on R&D to increase their product lines, which will help the Dimethyl Carbonate (DMC) market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Dimethyl Carbonate (DMC) industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.


The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth for Dimethyl Carbonate (DMC). With significant market development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the Dimethyl Carbonate (DMC) industry must offer affordable products.


Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the  Dimethyl Carbonate (DMC) industry to benefit customers and expand the market sector. Major Dimethyl Carbonate (DMC) market players, including Panax Etec, Shandong Shida Shenghua Chemical Group Co., Ltd., Kowa Company Ltd., Haike Chemical Group, Ube Industries Ltd., Arrow Chemical Group Corp., Merck KGaA, Kishida Chemical Co. Ltd., Guangzhou Tinci Materials Technology Co., Ltd., and others, are attempting to increase market demand by funding R&D initiatives.


Panax Etec is a South Korean company that specializes in the production of advanced materials for various industries, including electronics, energy, and automotive. Panax Etec produces and supplies a range of products, including lithium-ion battery materials, OLED materials, specialty chemicals, and automotive materials. The company's lithium-ion battery materials include cathode active materials, anode active materials, and electrolyte solutions, which are used in various applications, including electric vehicles, energy storage systems, and consumer electronics.


Shandong Shida Shenghua Chemical Group Co., Ltd., commonly known as Shida Shenghua, is a chemical manufacturing company based in China. Shida Shenghua primarily produces and supplies a range of chemicals, including methanol, dimethyl ether (DME), formaldehyde, and urea. The company's products are used in various industries, including energy, chemicals, construction materials, and agriculture. In the methanol segment, Shida Shenghua produces and supplies methanol, a widely-used chemical, and fuel, which is used in various industries, including energy, chemicals, and construction materials. Shida Shenghua also produces and supplies formaldehyde, a chemical used in various applications, including resins, plastics, and textiles, and urea, a nitrogen-based fertilizer used in agriculture.


Key Companies in the Dimethyl Carbonate (DMC) market includes



  • Panax Etec

  • Shandong Shida Shenghua Chemical Group Co., Ltd.

  • Kowa Company Ltd.

  • Haike Chemical Group

  • Ube Industries Ltd.

  • Arrow Chemical Group Corp.

  • Merck KGaA

  • Kishida Chemical Co. Ltd.

  • Guangzhou Tinci Materials Technology Co., Ltd among others


Dimethyl Carbonate (DMC) Industry Developments


September 2021: Shiseido Company Limited's Drunk Elephant brand increased the reach of its product lines by presenting them to offline and online extreme beauty retailers. The product line offers skincare products along with Cocomino Glossing Shampoo, Cocomino Marula Cream Conditioner, and Wild Marula Tangle Spray.


January 2021: Harry's Labs introduced a new line of women's scalp care products, the incubator for Harry's Inc., as part of a plan to help its parent business become a conglomerate.


Dimethyl Carbonate (DMC) Market Segmentation


Dimethyl Carbonate (DMC) Grade Outlook



  • Industrial Grade

  • Pharmaceutical Grade

  • Battery Grade

  • Others


Dimethyl Carbonate (DMC) Application Outlook



  • Polycarbonate & Fuel Additive

  • Solvent & Lithium Battery

  • Pharmaceuticals & Pesticides

  • Others


Dimethyl Carbonate (DMC) Regional Outlook



  • North America

    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East

    • Africa

    • Latin America



Report Attribute/Metric Details
Market Size 2023 USD 1.17 Billion
Market Size 2024 USD 1.25 Billion
Market Size 2032 USD 1.80 Billion
Compound Annual Growth Rate (CAGR) 7.00% (2024-2032)
Base Year 2023
Market Forecast Period 2024-2032
Historical Data 2018 & 2020
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Grade, Application, and Region
Geographies Covered North America, Europe, Asia Pacific, and Rest of the World
Countries Covered The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled Panax Etec, Shandong Shida Shenghua Chemical Group Co., Ltd., Kowa Company Ltd., Haike Chemical Group, Ube Industries Ltd., Arrow Chemical Group Corp., Merck KGaA, Kishida Chemical Co. Ltd., Guangzhou Tinci Materials Technology Co., Ltd
Key Market Opportunities The DMC market has adopted new strategies to view the present pandemic situation and created lucrative opportunities
Key Market Dynamics The  dimethyl carbonate market is more in demand because of the high production of polycarbonate


Frequently Asked Questions (FAQ) :

The Dimethyl Carbonate (DMC) market size was valued at USD 1.17 Billion in 2023.

The Dimethyl Carbonate market is projected to grow at a CAGR of 7.00% during the forecast period, 2024-2032.

Asia Pacific had the largest share in the Dimethyl Carbonate (DMC) market.

The key players in the Dimethyl Carbonate market are Panax Etec, Shandong Shida Shenghua Chemical Group Co., Ltd., Kowa Company Ltd., Haike Chemical Group, Ube Industries Ltd., Arrow Chemical Group Corp., Merck KGaA, Kishida Chemical Co. Ltd., Guangzhou Tinci Materials Technology Co., Ltd.

The industrial grade category dominated the Dimethyl Carbonate market in 2023.

Polycarbonate had the largest share in the market for Dimethyl Carbonate (DMC).

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