Dimethyl Carbonate Market Size

Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

The Dimethyl Carbonate (DMC) market is booming. It is expected to reach $1.25 billion in 2024, and is forecast to reach $1.8 billion in 2032. This growth rate shows a very strong compound annual growth rate (CAGR) of 7.0% for the forecast period. The increasing demand for green solvents and the growing use of DMC in various applications such as pharmaceuticals, agrochemicals, and electrolytes for batteries are the main reasons for this growth. Technological innovations in the DMC production process and the increasing importance of sustainable chemistry are also driving the DMC market. DMC producers such as BASF, Mitsubishi Gas Chemical, and Ube Industries are constantly working on improving the production efficiency of DMC and expanding the scope of its application. Strategic alliances between DMC producers and DMC users are also expected to boost the DMC market in the coming years.

Regional Market Size

Regional Deep Dive

Dimethyl carbonate (DMC) is a very important solvent in the world, which is also known as dimethyl carbonate. DMC is an important organic solvent, and its demand is growing with the development of the battery industry. DMC is mainly used in the production of lithium iron phosphate, lithium carbonate, lithium bromide, lithium bromide, lithium nitrate, lithium hydride, lithium bromide, lithium carbonate, lithium hydride, lithium borohydride, lithium borohydride, lithium hydride, lithium hydride, lithium borohydride, lithium bromide, lithium iodide, lithium hydride, lithium bromide, lithium iodide, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium iodide batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium batteries, lithium batteries, lithium batteries, lithium batteries, lithium batteries, lithium batteries, lithium batteries, lithium batteries, lithium batteries, lithium batteries, lithium batteries, lithium batteries, lithium batteries, lithium batteries, lithium batteries, lithium batteries, lithium batteries lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium ion batteries, lithium batteries, lithium batteries, lithium batteries, lithium batteries, lithium batteries, lithium batteries, lithium batteries, lithium batteries, lithium batteries, lithium batteries, lithium batteries, lithium batteries, lithium batteries, lithium batteries, lithium batteries, lithium batteries, lithium batteries, lithium batteries, lithium batteries, lithium batteries, lithium batteries, lithium batteries, lithium batteries , etc. , the current most widely used products; in the future, the Middle East and Africa will gradually adopt DMC due to its low carbon emissions, and Latin America will have more applications in the field of automobiles and electrical appliances.

Europe

• The European Union's Green Deal aims to make Europe climate-neutral by 2050, which is prompting chemical manufacturers to shift towards greener solvents like DMC, thereby increasing its market presence.
• Innovations in battery technology, particularly in electric vehicles, are leading to a surge in DMC usage as a key component in electrolyte formulations, with companies like Solvay actively participating in this trend.

Asia Pacific

• China's growing focus on reducing air pollution has led to increased investments in DMC production facilities, with companies like Jiangshan Chemical actively expanding their capacities.
• The rise of the pharmaceutical and agrochemical sectors in India is driving demand for DMC, as it is used as a solvent and reagent in various formulations, indicating a robust growth potential.

Latin America

• Brazil is exploring the use of DMC in the automotive sector, particularly in the production of eco-friendly coatings, which is expected to drive demand in the region.
• Government initiatives aimed at promoting sustainable practices in agriculture are leading to increased interest in DMC as a solvent for agrochemical formulations.

North America

• The U.S. Environmental Protection Agency (EPA) has introduced new regulations that encourage the use of low-VOC solvents, boosting the demand for DMC as a sustainable alternative in coatings and adhesives.
• Major companies like BASF and Covestro are investing in R&D to enhance DMC production processes, focusing on cost efficiency and sustainability, which is expected to drive market growth.

Middle East And Africa

• The UAE is promoting green chemistry initiatives, which include the adoption of DMC in various industrial applications, supported by government programs aimed at reducing carbon footprints.
• Saudi Arabia's National Industrial Development and Logistics Program is encouraging the development of sustainable chemical processes, which is likely to enhance the DMC market in the region.

Did You Know?

“Dimethyl Carbonate is not only a solvent but also a key component in the production of lithium batteries, which are essential for electric vehicles and renewable energy storage.” — International Energy Agency (IEA)

Segmental Market Size

Dimethyl carbonate (DMC) plays an important role in the chemical industry, particularly as a solvent and a methylating agent. DMC is currently experiencing stable growth, driven by the demand for more environmentally friendly alternatives to traditional solvents and the growing importance of sustainable chemistry. There is also a strong trend towards reducing the use of volatile organic compounds (VOCs) and a growing demand for “green” products in the pharmaceuticals and automobile industries. DMC is already used on a large scale in the industry, with companies like BASF and Mitsubishi Gas Chemical being the most advanced users. DMC is used, for example, in lithium-ion batteries as an electrolyte and as a solvent in the manufacture of polycarbonates. DMC is also used in the production of polymers and epoxides, which are used in the manufacture of paints and plastics. DMC is also used in the manufacture of organic peroxides, which are used in the manufacture of epoxides and are used in the manufacture of ozone-depleting substances. Moreover, the development of production methods, such as the use of CO2 as a raw material for the manufacture of DMC, will also have a major influence on its future role in the transition to a more sustainable chemistry.

Future Outlook

The dimethyl carbonate (DMC) market is expected to increase significantly from 2024 to 2032. It is expected to increase from $1.25 billion to $1.8 billion, with a strong compound annual growth rate (CAGR) of 7.0%. DMC is expected to be used in various applications, such as in pharmaceuticals, agrochemicals, and batteries. DMC, a non-toxic and biodegradable alternative to conventional solvents, will be favored as the market for new products develops. DMC is expected to occupy a larger share of the solvent market by 2032. The use of DMC in various fields will increase significantly. The emergence of new products, the development of key technology, and the establishment of a favorable policy environment will promote the development of the DMC market. The development of new production processes, such as the development of more efficient catalytic methods for the synthesis of DMC, will help reduce costs and increase the scale of production. The use of green chemicals, such as DMC, will also be encouraged by government regulations. The industry has to meet stricter requirements for the environment. DMC will also benefit from the integration of electric car batteries and its role in carbon capture and sequestration. DMC is expected to be the key player in the industrial transition to a low-carbon economy.