Dimethyl Carbonate Market Overview
Dimethyl
Carbonate market size is forecast to reach US$536.4 million by 2027, after growing
at a CAGR of 4.9% during 2022-2027. Diethyl carbonate (DMC) generally
classified as carbonate ester is an established solvent and a green
reagent which acts as an alternative to conventional solvents and chemicals. The
increasing usage of DMC in the manufacturing of transparent and strong plastics
such as polycarbonates with high heat resistance is driving the growth of the
market. Additionally, due to its low water solubility dimethyl carbonate offers
a wide range of possible applications in the paints & coatings, adhesives,
and other sectors. Also, increasing R&D initiatives by the players in the
dimethyl carbonate market to increase efficacy in green chemistry would create
opportunities for the growth of the market.
COVID – 19 Impact:
COVID-19 has had
a negative impact on the worldwide dimethyl carbonate market's growth.
According to IEA data, EV sales in China declined by 39% in Q1 2020 due to a
decrease in the use of dimethyl carbonate in lithium-ion batteries. The global
dimethyl carbonate market's growth has been hampered by increasing delays,
growing uncertainty, and limited availability of critical raw materials. The
pandemic's early impact resulted in the stoppage of activities in a variety of
industries, resulting in a significant drop in the end-user sector.
Furthermore, the Indian Paint Association stated that because to the lockdown,
paint businesses in India saw no sales in April 2020, impeded the market's
growth.
Report Coverage
The report " Dimethyl Carbonate Market Report – Forecast (2022-2027)" by IndustryARC
covers an in-depth analysis of the following segments of the dimethyl carbonate industry.
By Grade: Industry Grade, Pharmaceutical Grade, and Battery Grade
By Application: Polycarbonate Synthesis, Lithium-ion Batteries, Solvents (Paint & Coatings, Adhesives, and Cleaning Agents), Fuel Additives, Pesticides, and Others
By End-Use Industry: Building and Construction (Residential Buildings, Commercial Buildings, Industrial Buildings, and Infrastructure), Automotive (Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles), Electronic Devices (Smart Phones, Notebook PCs, and Others), Pharmaceuticals, Agrochemicals, and Others
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, Italy, France, Spain, Netherlands, Russia, Belgium, and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia and New Zealand, Taiwan, Indonesia, Malaysia, and Rest of Asia Pacific), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and RoW (Middle East and Africa)
Key Takeaways
- The Asia-Pacific region dominated the dimethyl carbonate market due to the rising growth of the automotive industry. For instance, according to the International Trade Administration, the commercial vehicle sales increased by 20% year over year to 5.23 million units in 2021.
- An increase in demand for lithium-ion batteries is one of the primary factors driving the growth of the dimethyl carbonate market. For instance, according to the Australian Trade and Investment Commission the global use of lithium-ion battery energy is predicted to rise from 70 Gigawatt hours (GWh) in 2015 to 535GWh by 2023.
- In the foreseeable future, the rising
growth of the construction sector is estimated to raise the growth of the
market, as dimethyl carbonate is used as a solvent in the paints and coatings
industry which is widely utilized in new buildings.
For instance, according to the International Trade Administration, China
is the world's largest construction market, with an annual average growth rate
of 8.6% projected between 2022 and 2030.
Dimethyl Carbonate Market Segment Analysis – By Application
Polycarbonate Synthesis held the largest share with
28.3% in the dimethyl carbonate market and is expected to continue its
dominance over the period 2022-2027. Dimethyl carbonate is a chemical
intermediary used in the production of polycarbonates. Polycarbonate is
utilized as an engineering plastic material in industries such as automotive
and electrical and electronics because it has outstanding physical features
such as heat resistance, impact resistance, structural stability, and optical
transparency. The increased demand for polycarbonate from the automotive and
electrical and electronics industries is propelling the global market for
dimethyl carbonate. According to the Gas Authority of India Limited (GAIL),
polycarbonate consumption was 148.61 thousand tonnes in 2018 and is expected to
grow at a 7 percent annual pace through 2030, reaching 371.03 thousand tonnes. Thus,
with the rising production of polycarbonate the demand for dimethyl carbonate is
estimated to increase at the fastest rate throughout the projection period.
Dimethyl Carbonate Market Segment Analysis – By End-Use Industry
The automotive sector
dominated the dimethyl carbonate market in 2021 and is projected to grow at a
CAGR of 5.3% during 2022-2027. Increasing application of polycarbonate, lithium-ion
batteries, paints and coatings, and others, in the automotive industry is driving
the dimethyl carbonate market growth. Furthermore, with the rapidly rising
production of automotive the demand for dimethyl carbonate has also increased
in recent years. For instance, as per the International Organization of Motor
Vehicle Manufacturers, the global production for vehicles increased from 52,146,292
units in September 2020 to 57,262,777 units in September 2021. In India, the
total passenger vehicle production in FY21 was 22,652,108. The entire
production volume of passenger vehicles (excluding BMW, Mercedes, Tata Motors,
and Volvo Auto), three wheelers, two wheelers, and quadricycles reached
2,214,745 units in October 2021 according to the India Brand Equity Foundation.
Dimethyl Carbonate Market Segment Analysis – By Geography
Asia-Pacific region dominated the dimethyl carbonate market with a share of 45.3% in 2021. The market in the region is witnessing expansion with the rising adoption of lithium-ion batteries in growing electric vehicle production in emerging economies such as China, Japan, and South Korea. According to the Japan Automobile Dealers Association (JADA), the number of new electric vehicles sold in Japan in 2020 was close to 1.4 million. New electric vehicles accounted for 36.2% of total new vehicle sales in 2019, up from 35.2 % and 32.9% in 2017. Additionally, Hybrid Electric Vehicles (HEVs) accounted for 97.8% electric vehicle sales in 2020, with Battery Electric Vehicles (BEVs) accounting for 1.1%. Thus, the rising production and sales for electric vehicles in APAC countries is estimated to boost the market growth over the forecast period.
Dimethyl Carbonate Market Drivers
Increasing demand for dimethyl carbonate across various end-use sectors will drive the market growth.
Polycarbonate is
widely used in various industries, including electronics, automotive, consumer
goods, building and construction, and many others. Because of features such
as strength, heat resistance, transparency, and chemical
resistance, rising demand for polycarbonate in the electronics and automotive
industries is likely to push the dimethyl carbonate market growth. Furthermore,
rise in the automotive sector in countries such as India, China, and Japan has
supported dimethyl carbonate market growth. For instance, according to the
International Trade Administration, China remains the world's largest
automobile market in terms of both yearly sales and manufacturing output, with
domestic output estimated to exceed 35 million vehicles by 2025. Also, China's
National Development and Reform Commission and the Ministry of Commerce lifted
investment restrictions on foreign investment in passenger car manufacturing on
January 1, 2022. This action eliminates the necessity for a Chinese joint
venture partner, allowing international automakers to own their manufacturing
plants in China alone. Furthermore, the growing need for low-cost and
cost-effective consumer goods such as laptops, smartphones, smart speakers,
smart home devices, power banks, and others have driven the dimethyl
carbonate market ahead. According to the India Brand Equity Foundation, the
incumbent administration has set out to develop the country into a global
manufacturing hub through the broader concept of 'Make in India' and the
National Policy on Electronics 2019 (NPE 2019), with electronics manufacturing
being one of the main priorities. Because mobile phones are becoming one of the
most essential electronic gadgets, there is a policy push to expand mobile
phone manufacturing and assembly operations in the country. According to the
NPE 2019, a manufacturing target of 1 billion mobile phones by 2025 is
expected, including 600 million units for exports. Thus, such initiatives will
surge the production for smart phones and would drive the dimethyl carbonate market growth in the upcoming years.
Dimethyl Carbonate Market Challenges
Harmful Effects of Dimethyl Carbonate
One of the major challenges faced by the dimethyl carbonate market
are the acute and chronic health effects. Acute (short-term) health
consequences from diethyl carbonate may develop immediately or shortly after
exposure. Diethyl carbonate can irritate the skin and eyes, and breathing it
can irritate the nose and throat. It can also produce headaches, dizziness,
nausea and vomiting, weakness, and loss of consciousness. Furthermore, chronic
(long-term) health impacts from diethyl carbonate exposure can begin at any
time and can endure for months or years. Thus, rising harmful health effects can
create hurdles for the overall market expansion.
Dimethyl Carbonate Industry Outlook
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the dimethyl carbonate market. Global dimethyl carbonate top 10 companies include:
- Merck KGaA
- Kowa Company Ltd.
- Ube Industries Ltd.
- Guangzhou Tinci Materials Technology Co., Ltd.
- Kishida Chemical Co. Ltd.
- Arrow Chemical Group Corp.
- Shandong Shida Shenghua Chemical Group Co., Ltd.
- Qingdao Aspirit Chemical Co., Ltd.,
- Haike Chemical Group
- Panax Etec and others.
Relevant Reports:
LIST OF TABLES
1.Global Dimethyl Carbonate Market Analysis and Forecasts, by Synthesis Segment Market 2023-2030 ($M)1.1 by Synthesis Segment, Market 2023-2030 ($M) - Global Industry Research
1.1.1 Transesterification Market 2023-2030 ($M)
1.1.2 Oxidative Methanol Carbonylation Market 2023-2030 ($M)
2.Global Competition Landscape Market 2023-2030 ($M)
2.1 Key Manufacturers Production Capacities and Synthesis Technology Market 2023-2030 ($M) - Global Industry Research
2.1.1 UBE INDUSTRIES, LTD. Market 2023-2030 ($M)
2.1.2 HaiKe Chemical Group Market 2023-2030 ($M)
2.1.3 Alfa Aesar Market 2023-2030 ($M)
2.1.4 Arrow Chemical Group Corp. Market 2023-2030 ($M)
2.1.5 DONGYING CITY LONXING CHEMICAL CO., LTD. Market 2023-2030 ($M)
2.1.6 SHADONG SHIDA SHENGHUA CHEMICAL GROUP CO., LTD. Market 2023-2030 ($M)
2.1.7 TOKYO CHEMICAL INDUSTRY CO., LTD. Market 2023-2030 ($M)
2.1.8 TANGSHAN CHAOYANG CHEMICAL CO., LTD. Market 2023-2030 ($M)
2.1.9 TONGLING JINTAI CHEMICAL INDUSTRIAL CO., LTD. Market 2023-2030 ($M)
3.Global Dimethyl Carbonate Market Analysis and Forecasts, by Synthesis Segment Market 2023-2030 (Volume/Units)
3.1 by Synthesis Segment, Market 2023-2030 (Volume/Units) - Global Industry Research
3.1.1 Transesterification Market 2023-2030 (Volume/Units)
3.1.2 Oxidative Methanol Carbonylation Market 2023-2030 (Volume/Units)
4.Global Competition Landscape Market 2023-2030 (Volume/Units)
4.1 Key Manufacturers Production Capacities and Synthesis Technology Market 2023-2030 (Volume/Units) - Global Industry Research
4.1.1 UBE INDUSTRIES, LTD. Market 2023-2030 (Volume/Units)
4.1.2 HaiKe Chemical Group Market 2023-2030 (Volume/Units)
4.1.3 Alfa Aesar Market 2023-2030 (Volume/Units)
4.1.4 Arrow Chemical Group Corp. Market 2023-2030 (Volume/Units)
4.1.5 DONGYING CITY LONXING CHEMICAL CO., LTD. Market 2023-2030 (Volume/Units)
4.1.6 SHADONG SHIDA SHENGHUA CHEMICAL GROUP CO., LTD. Market 2023-2030 (Volume/Units)
4.1.7 TOKYO CHEMICAL INDUSTRY CO., LTD. Market 2023-2030 (Volume/Units)
4.1.8 TANGSHAN CHAOYANG CHEMICAL CO., LTD. Market 2023-2030 (Volume/Units)
4.1.9 TONGLING JINTAI CHEMICAL INDUSTRIAL CO., LTD. Market 2023-2030 (Volume/Units)
5.North America Dimethyl Carbonate Market Analysis and Forecasts, by Synthesis Segment Market 2023-2030 ($M)
5.1 by Synthesis Segment, Market 2023-2030 ($M) - Regional Industry Research
5.1.1 Transesterification Market 2023-2030 ($M)
5.1.2 Oxidative Methanol Carbonylation Market 2023-2030 ($M)
6.North America Competition Landscape Market 2023-2030 ($M)
6.1 Key Manufacturers Production Capacities and Synthesis Technology Market 2023-2030 ($M) - Regional Industry Research
6.1.1 UBE INDUSTRIES, LTD. Market 2023-2030 ($M)
6.1.2 HaiKe Chemical Group Market 2023-2030 ($M)
6.1.3 Alfa Aesar Market 2023-2030 ($M)
6.1.4 Arrow Chemical Group Corp. Market 2023-2030 ($M)
6.1.5 DONGYING CITY LONXING CHEMICAL CO., LTD. Market 2023-2030 ($M)
6.1.6 SHADONG SHIDA SHENGHUA CHEMICAL GROUP CO., LTD. Market 2023-2030 ($M)
6.1.7 TOKYO CHEMICAL INDUSTRY CO., LTD. Market 2023-2030 ($M)
6.1.8 TANGSHAN CHAOYANG CHEMICAL CO., LTD. Market 2023-2030 ($M)
6.1.9 TONGLING JINTAI CHEMICAL INDUSTRIAL CO., LTD. Market 2023-2030 ($M)
7.South America Dimethyl Carbonate Market Analysis and Forecasts, by Synthesis Segment Market 2023-2030 ($M)
7.1 by Synthesis Segment, Market 2023-2030 ($M) - Regional Industry Research
7.1.1 Transesterification Market 2023-2030 ($M)
7.1.2 Oxidative Methanol Carbonylation Market 2023-2030 ($M)
8.South America Competition Landscape Market 2023-2030 ($M)
8.1 Key Manufacturers Production Capacities and Synthesis Technology Market 2023-2030 ($M) - Regional Industry Research
8.1.1 UBE INDUSTRIES, LTD. Market 2023-2030 ($M)
8.1.2 HaiKe Chemical Group Market 2023-2030 ($M)
8.1.3 Alfa Aesar Market 2023-2030 ($M)
8.1.4 Arrow Chemical Group Corp. Market 2023-2030 ($M)
8.1.5 DONGYING CITY LONXING CHEMICAL CO., LTD. Market 2023-2030 ($M)
8.1.6 SHADONG SHIDA SHENGHUA CHEMICAL GROUP CO., LTD. Market 2023-2030 ($M)
8.1.7 TOKYO CHEMICAL INDUSTRY CO., LTD. Market 2023-2030 ($M)
8.1.8 TANGSHAN CHAOYANG CHEMICAL CO., LTD. Market 2023-2030 ($M)
8.1.9 TONGLING JINTAI CHEMICAL INDUSTRIAL CO., LTD. Market 2023-2030 ($M)
9.Europe Dimethyl Carbonate Market Analysis and Forecasts, by Synthesis Segment Market 2023-2030 ($M)
9.1 by Synthesis Segment, Market 2023-2030 ($M) - Regional Industry Research
9.1.1 Transesterification Market 2023-2030 ($M)
9.1.2 Oxidative Methanol Carbonylation Market 2023-2030 ($M)
10.Europe Competition Landscape Market 2023-2030 ($M)
10.1 Key Manufacturers Production Capacities and Synthesis Technology Market 2023-2030 ($M) - Regional Industry Research
10.1.1 UBE INDUSTRIES, LTD. Market 2023-2030 ($M)
10.1.2 HaiKe Chemical Group Market 2023-2030 ($M)
10.1.3 Alfa Aesar Market 2023-2030 ($M)
10.1.4 Arrow Chemical Group Corp. Market 2023-2030 ($M)
10.1.5 DONGYING CITY LONXING CHEMICAL CO., LTD. Market 2023-2030 ($M)
10.1.6 SHADONG SHIDA SHENGHUA CHEMICAL GROUP CO., LTD. Market 2023-2030 ($M)
10.1.7 TOKYO CHEMICAL INDUSTRY CO., LTD. Market 2023-2030 ($M)
10.1.8 TANGSHAN CHAOYANG CHEMICAL CO., LTD. Market 2023-2030 ($M)
10.1.9 TONGLING JINTAI CHEMICAL INDUSTRIAL CO., LTD. Market 2023-2030 ($M)
11.APAC Dimethyl Carbonate Market Analysis and Forecasts, by Synthesis Segment Market 2023-2030 ($M)
11.1 by Synthesis Segment, Market 2023-2030 ($M) - Regional Industry Research
11.1.1 Transesterification Market 2023-2030 ($M)
11.1.2 Oxidative Methanol Carbonylation Market 2023-2030 ($M)
12.APAC Competition Landscape Market 2023-2030 ($M)
12.1 Key Manufacturers Production Capacities and Synthesis Technology Market 2023-2030 ($M) - Regional Industry Research
12.1.1 UBE INDUSTRIES, LTD. Market 2023-2030 ($M)
12.1.2 HaiKe Chemical Group Market 2023-2030 ($M)
12.1.3 Alfa Aesar Market 2023-2030 ($M)
12.1.4 Arrow Chemical Group Corp. Market 2023-2030 ($M)
12.1.5 DONGYING CITY LONXING CHEMICAL CO., LTD. Market 2023-2030 ($M)
12.1.6 SHADONG SHIDA SHENGHUA CHEMICAL GROUP CO., LTD. Market 2023-2030 ($M)
12.1.7 TOKYO CHEMICAL INDUSTRY CO., LTD. Market 2023-2030 ($M)
12.1.8 TANGSHAN CHAOYANG CHEMICAL CO., LTD. Market 2023-2030 ($M)
12.1.9 TONGLING JINTAI CHEMICAL INDUSTRIAL CO., LTD. Market 2023-2030 ($M)
13.MENA Dimethyl Carbonate Market Analysis and Forecasts, by Synthesis Segment Market 2023-2030 ($M)
13.1 by Synthesis Segment, Market 2023-2030 ($M) - Regional Industry Research
13.1.1 Transesterification Market 2023-2030 ($M)
13.1.2 Oxidative Methanol Carbonylation Market 2023-2030 ($M)
14.MENA Competition Landscape Market 2023-2030 ($M)
14.1 Key Manufacturers Production Capacities and Synthesis Technology Market 2023-2030 ($M) - Regional Industry Research
14.1.1 UBE INDUSTRIES, LTD. Market 2023-2030 ($M)
14.1.2 HaiKe Chemical Group Market 2023-2030 ($M)
14.1.3 Alfa Aesar Market 2023-2030 ($M)
14.1.4 Arrow Chemical Group Corp. Market 2023-2030 ($M)
14.1.5 DONGYING CITY LONXING CHEMICAL CO., LTD. Market 2023-2030 ($M)
14.1.6 SHADONG SHIDA SHENGHUA CHEMICAL GROUP CO., LTD. Market 2023-2030 ($M)
14.1.7 TOKYO CHEMICAL INDUSTRY CO., LTD. Market 2023-2030 ($M)
14.1.8 TANGSHAN CHAOYANG CHEMICAL CO., LTD. Market 2023-2030 ($M)
14.1.9 TONGLING JINTAI CHEMICAL INDUSTRIAL CO., LTD. Market 2023-2030 ($M)
LIST OF FIGURES
1.US Dimethyl Carbonate Market Revenue, 2023-2030 ($M)2.Canada Dimethyl Carbonate Market Revenue, 2023-2030 ($M)
3.Mexico Dimethyl Carbonate Market Revenue, 2023-2030 ($M)
4.Brazil Dimethyl Carbonate Market Revenue, 2023-2030 ($M)
5.Argentina Dimethyl Carbonate Market Revenue, 2023-2030 ($M)
6.Peru Dimethyl Carbonate Market Revenue, 2023-2030 ($M)
7.Colombia Dimethyl Carbonate Market Revenue, 2023-2030 ($M)
8.Chile Dimethyl Carbonate Market Revenue, 2023-2030 ($M)
9.Rest of South America Dimethyl Carbonate Market Revenue, 2023-2030 ($M)
10.UK Dimethyl Carbonate Market Revenue, 2023-2030 ($M)
11.Germany Dimethyl Carbonate Market Revenue, 2023-2030 ($M)
12.France Dimethyl Carbonate Market Revenue, 2023-2030 ($M)
13.Italy Dimethyl Carbonate Market Revenue, 2023-2030 ($M)
14.Spain Dimethyl Carbonate Market Revenue, 2023-2030 ($M)
15.Rest of Europe Dimethyl Carbonate Market Revenue, 2023-2030 ($M)
16.China Dimethyl Carbonate Market Revenue, 2023-2030 ($M)
17.India Dimethyl Carbonate Market Revenue, 2023-2030 ($M)
18.Japan Dimethyl Carbonate Market Revenue, 2023-2030 ($M)
19.South Korea Dimethyl Carbonate Market Revenue, 2023-2030 ($M)
20.South Africa Dimethyl Carbonate Market Revenue, 2023-2030 ($M)
21.North America Dimethyl Carbonate By Application
22.South America Dimethyl Carbonate By Application
23.Europe Dimethyl Carbonate By Application
24.APAC Dimethyl Carbonate By Application
25.MENA Dimethyl Carbonate By Application