Dimethyl Carbonate (DMC) Market Research Report - Global Forecast till 2030

Dimethyl Carbonate (DMC) Market: Information by Grade (Industrial Grade, Pharmaceutical Grade, Battery Grade and others), Application (Polycarbonate, Fuel Additive, Solvent, Lithium Battery, Pharmaceuticals, Pesticides and others), End Use (Plastic, Paints & Coatings, Medical, Electronics, Agrochemicals and others) and Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa) - Forecast till 2030

ID: MRFR/CnM/4040-CR | February 2021 | Region: Global | 163 Pages         

Dimethyl Carbonate (DMC) Market

The Dimethyl Carbonate (DMC) Market is expected to reach USD 1.8 Billion by 2030 and register a CAGR of 6.2% during the forecast period of 2022 to 2030

Segmentation

by Grade Industrial Grade Pharmaceutical Grade Battery Grade Others
Application Polycarbonate Fuel Additive Solvent Lithium Battery Pharmaceuticals Pesticides Others
End Use Plastic Paints & Coatings Medical Electronics Agrochemicals Others

Key Players

  • Kowa Company Ltd. (Japan)
  • Haike Chemical Group (China)
  • Ube Industries Ltd. (Japan)
  • Arrow Chemical Group Corp. (China)
  • Merck KGaA (Germany)
  • Kishida Chemical Co. Ltd. (Japan)

Drivers

  • The key drivers have given more support to the global market to increase the market demand.
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Dimethyl Carbonate (DMC) Market Overview


The Dimethyl Carbonate (DMC) Market is expected to reach USD 1.8 Billion by 2030 and register a CAGR of 6.2% during the forecast period of 2022 to 2030.

The Global Dimethyl Carbonate (DMC) is a non-toxic inorganic compound. This inorganic compound has the chemical formula, i.e., OC (OCH3)2. DMC does not have any specific color by appearance, but it has the form of liquid. DMC can be indexed as a carbonate ester, and it is combustible. DMC can quickly evolve with organic solvents like ethers, alcohols, ketones, etc. 


The global dimethyl carbonate market has various applications in various industries like pesticides, solvents, fuel additives, pharmaceuticals, and many more. The 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 report on dimethyl carbonate market overview explains the global market's overall growth based upon revenue generation. It has also focused on the COVID-19 market analysis, regional analysis, comparative analysis, and segmental analysis based on the regional factors to know the productivity of the dimethyl carbonate market.


COVID-19 Analysis


The ongoing pandemic has affected all the marketing businesses in 2020, and the dimethyl carbonate market is one of them. During this lockdown period, the key players faced massive losses in their business as they could not supply their products to all the countries. But now things have changed, the dimethyl carbonate market suppliers have adopted new strategic plans to develop customer demand. According to the customers' needs in the COVID-19 period, they have launched some modified products, which has helped them reach their goal by 2030.


During COVID-19, the DMC market supports suppliers like Kowa Company Ltd., Ube Industries Ltd., Merck KGaA. The Ube Industries, Ltd. contributed 300 protective medical gowns to Ube city health center, health and welfare department, health and sanitation bureau, and Aichi Prefectural Government in May 2020. A joint venture company named PeptiAID Inc. was established in November 2020 to research peptide therapeutics balancing both the current SARS-CoV-2 virus in the future. In September 2020, Merck KGaA contributed USD 82,890 in research instruments to support vaccine development research and encourage the Eijkman Institute for Molecular Biology, Indonesia.


As a result, the report explains that the COVID-19 affects the dimethyl carbonate market for a certain period. Still, this pandemic has given the inspiration to increase the demand for their product by adding new things into it. The key players have taken major responsibilities to promote their market segments and gain their position back in the global market.


Market Dynamics



  • Dimethyl carbonate market Driving potentials


The global dimethyl carbonate market is more in demand because of the high production of polycarbonate. The production of polycarbonate does not produce acids or phenols. As the automotive and electronics industries require more polycarbonate production, they give more order and increase the demand of the DMC market. The DMC production is boosting day by day as it takes care of the eco-friendly production of thermoplastics. Moreover, the DMC market works in concern of protecting environmental health, which is a significant advantage to growing naturally in the global market.


Hence, another key driver is the paints and coating industry, which has more demand for eco-friendly paints. The increasing demand from these industries has engaged many market players to operate the global dimethyl carbonate market.


Therefore, the DMC became the priority to many industrialists as it takes care of VOC emission and impact on the environment. In the present scenario, it is running high in demand in the global market.



  • Global growth opportunities


The dimethyl carbonate market growth was paused for a certain period due to the COVID-19. But immensely, it has brought many growth opportunities for the dimethyl carbonate market. The key drivers have given more support to the global market to increase the market demand.


As a result, the report explains that the DMC market has adopted new strategies to view the present pandemic situation and created lucrative opportunities in the global market. The DMC market employed more key drivers who can help them to increase their supply chain in the worldwide market.



  • Market restraints


The DMC produces more polycarbonates, commonly used in safety goggles, DVDs and Blu-ray discs, eyeglass lenses, aircraft, bullet-resistant windows, different parts of automotive vehicles, and missiles components, electrical insulators, and many more. The more demand for polycarbonates in many industries has increased the DMR market's value in the global market. Moreover, the DMC market uses more green solvents; but in the production method, the presence of toxic gases can produce harmful products.

As a result, the dimethyl carbonate market analysis report says that more highly toxic raw materials can cause severe health threats. This type of issue can be a restraint for the development of the dimethyl carbonate market.



  • Challenges in the DMC market


The DMC market manufacturers use raw materials like CO2, ethylene oxide, methanol, etc., in their manufacturing products, making a variation in commodity prices from time to time. These types of fluctuations in these materials' cost structure can be a big challenge for the DMC market.


The dimethyl carbonate market price fluctuations can be a great challenge for the global market. The report also mentions that the high cost of transportation can also affect the DMC market.



  • Cumulative Growth Analysis


According to the industrial segment, in 2018, the DMC market grade has the highest market share of 48.09%. In the same year, the global market was dominated by the application of polycarbonate segment with the share of 45.03%, and the plastic segment considered as the highest 54.23% of market share by end-use industries.


Moreover, the dimethyl carbonate market trends are rising day by day and have aimed to achieve more by the forecast period of 2030.


Value chain analysis


The dimethyl carbonate market analysis is essential to understand the strength and opportunities in the global field.  The DMC market has a high growth rate in segmental types and segmental applications, which adds more value to the worldwide market.


According to the customer's demand, the DMC market has adopted new technologies and new strategies to modify their product. Therefore, the growth of the DMC market has a good reputation in the global market.


Segment Overview



  • By Type:


According to the type's segmental classification, the DMC market has three types, i.e., pharmaceutical grade, industrial grade, and battery grade. All of these grades have more in demand across the world.


As a result, the report says that the DMC market has gained more popularity in all types.



  • By application:


The dimethyl carbonate market trends in the global market because of its various product applications. The DMC market had a diverse application in polycarbonate, pesticides, fuel additive, pharmaceuticals, solvents, lithium batteries, etc.


As a result, the report says the key players play an essential role in developing its sale in the global market.


Geographical Analysis


The dimethyl carbonate market size has spread worldwide, like North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Among all these countries, Asia Pacific has contributed more to the DMC market.


Overall, the report explains that the DMC market has aimed to achieve all the countries' remote regions to supply their products.


Competitive Landscape


In the global market, the key players are:



  • Panax Etec (Korea)

  • Shandong Shida Shenghua Chemical Group Co., Ltd. (China)

  • Kowa Company Ltd. (Japan)

  • Haike Chemical Group (China)

  • Ube Industries Ltd. (Japan)

  • Arrow Chemical Group Corp. (China)

  • Merck KGaA (Germany)

  • Kishida Chemical Co. Ltd. (Japan)

  • Guangzhou Tinci Materials Technology Co., Ltd. (China)


Recent Developments


July 2021 Tenneco, a powertrain and automotive component supplier, has announced that it will apply its 100-plus years of powertrain expertise to the investigation of synthetic fuels (e-fuels), as a viable near-term solution to maximize the efficiency and reduce the carbon footprint of internal combustion engines (ICE). Tenneco collaborates with automotive suppliers, vehicle and fuel manufacturers, chemical businesses, Fraunhofer institutions, and universities to investigate the technological and commercial feasibility of synthetic fuels as part of the Namosyn project. The German Federal Ministry of Education and Research is funding the initiative, which will run through March 2022. The project also aims to develop cost-effective, energy-efficient synthetic fuel synthesis technologies and test them in internal combustion engines. This mostly affects oxymethylene ethers (OME) in the diesel sector; for gasoline engines, the focus is on dimethyl carbonate (DMC) and methyl formate (MeFo).

June 2021 Huntsman Corporation's Performance Products business revealed plans to greatly boost its present capacity for ULTRAPURE Ethylene Carbonate at its Conroe, Texas facility by mid-2023. Huntsman has witnessed a significant increase in ULTRAPURE Ethylene Carbonate in recent years, which can be attributed to the evolution of EVs and the localization of lithium-ion battery manufacture. Huntsman has introduced a new line of high-purity Ethylene Carbonate grades for EV battery applications to satisfy this rising demand. Ethylene carbonate is commonly used in the liquid electrolyte of Li-ion batteries, together with LiPF6 and at least one linear carbonate chosen from dimethyl carbonate (DMC), diethyl carbonate (DEC), ethyl methyl carbonate (EMC), and a variety of additives.

In July 2019, Ube Industries stated to open a new plant in the U.S for the production of chemical dimethyl carbonate, which would produce 50,000 tons of DMC along with 20,000-30,000 tons of purified DMC every year.


The DMC market has developed its manufacturing facilities, and many countries have adopted joint ventures. The report says many developments have been planned to create the DMC market globally.


Report Overview


The dimethyl carbonate market growth report overview involves the following points:



  • Overview of the market

  • COVID 19 analysis

  • Market Dynamics

  • Value chain analysis

  • Market segmentation

  • Regional analysis

  • Competitive analysis

  • Recent Developments of the DMC market


The above report overview has highlighted the DMC market growth and development. In the future, the global market has a plan to involve more critical players in developing the DMC market.


Segmental table



  • By type
    pharmaceutical grade,

    industrial grade
    battery grade



  • By application
    polycarbonate,

    pesticides,
    fuel additive,
    pharmaceuticals,
    solvent,
    lithium battery
    Others


 



Report Scope:

Report Attribute/Metric Details
  Market Size   2030 : USD 1.8 Billion
  CAGR   6.2% (2022-2030)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Grade, Application, End-Use Industry and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Panax Etec (Korea), Shandong Shida Shenghua Chemical Group Co., Ltd. (China), Kowa Company Ltd. (Japan), Haike Chemical Group (China), Ube Industries Ltd. (Japan), Arrow Chemical Group Corp. (China),Merck KGaA (Germany),Kishida Chemical Co. Ltd. (Japan), Guangzhou Tinci Materials Technology Co., Ltd. (China)
  Key Market Opportunities   The DMC market has adopted new strategies to view the present pandemic situation and created lucrative opportunities
  Key Market Drivers   The global dimethyl carbonate market is more in demand because of the high production of polycarbonate.


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Frequently Asked Questions (FAQ) :

In the global market, the key players are Panax Etec (Korea),Shandong Shida Shenghua Chemical Group Co., Ltd. (China),Kowa Company Ltd. (Japan),Haike Chemical Group (China),Ube Industries Ltd. (Japan),Arrow Chemical Group Corp. (China),Merck KGaA (Germany),Kishida Chemical Co. Ltd. (Japan),Guangzhou Tinci Materials Technology Co., Ltd. (China)

The Dimethyl Carbonate (DMC) Market is register a CAGR of 6.2% during the forecast period of 2022 to 2030

Dimethyl carbonate has three types such as pharmaceutical grade, industrial grade, and battery grade.

In the present scenario, lithium batteries from the electronic industry have more demand to drive the DMC market.

The Dimethyl Carbonate (DMC) Market will be worth USD 1.8 Billion by 2030