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Dimethyl Carbonate Market
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Dimethyl Carbonate Market

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Dimethyl Carbonate Market- Global Industry Size, Share, Growth, Opportunity and Forecast, 2018-2028, Segmented By Synthesis (Methanol Phosgenation, Oxidative Carbonylation Of Methanol (ENI), Oxidative Carbonylation Of Methanol Via Methyl Nitrate (UBE), Ethylene Carbonate Transesterification Process (ASAHI), Urea Transesterification, Direct Synthesis From Co2), By Grade (Industry Grade (>99.0 Weight %), Pharmaceutical Grade (>99.5 Weight %), Battery Grade (>99.9 Weight %)), By Application (Polycarbonate Synthesis, Battery Electrolyte, Solvents, Reagents, Others), By End-User (Plastics, Paints & Coatings, Pharmaceuticals, Batteries, Agrochemicals, Others), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA)

  • Published Date: April 2022
  • Report ID: BWC21174
  • Available Format: PDF
  • Page: 198

Report Overview

The dimethyl carbonate market is flourishing at a high rate owing to the expanding application of these chemicals in various industries along with its favorable features such as biodegradability and high solvency...

Global Dimethyl Carbonate Market- Industry Trends & Forecast Report 2028

The global dimethyl carbonate market was worth USD 860.9 million in 2021 and is further projected to reach USD 1,324.3 million by the year 2028, growing at the CAGR of 6.40% in the forecast period. The market is gaining significant traction owing to the expanding application of these chemicals in various industries including consumer products, automotive, medical, electrical and electronics, etc. Moreover, its favorable features such as biodegradability and high solvency is also significantly driving the global dimethyl carbonate market growth.

                                             Dimethyl Carbonate Market

Dimethyl Carbonate - Overview

Dimethyl carbonate is a versatile chemical with favorable properties such as high solubility and low toxicity. It has a pale look and is combustible, odorless, and inflammable. It has a high degree of reactivity with other compounds. Previously, dimethyl carbonate was made by reacting methanol with phosgene, but due to phosgene's high toxicity, the chemical is now made using different processes, such as transesterification or copper-catalyzed reactions. Dimethyl carbonate is used in a variety of end-use industries.

Global Dimethyl Carbonate Market Forecast and Trends

Growth Drivers

Increasing Use Of Dimethyl Carbonate In Battery Production

The dimethyl carbonate is used as an electrolyte in lithium-ion batteries. These lithium-ion batteries are used in almost all types of electronic items including consumer electronics such as smartphones, laptops, etc., as well as electric vehicles, medical equipment, and so on due to longer life and better rate capacity. With the increasing production and demand for electronic items in the industry, the demand for dimethyl carbonate is also projected to rise, propelling the overall global dimethyl carbonate market growth.

Rising Research And Development Activities Surrounding Dimethyl Carbonate

The researchers are significantly focusing on research and development activities surrounding dimethyl carbonate and its applications. For instance, a team of researchers at the University of Bath’s Center for Sustainable and Circular Technologies (CSCT) has developed methods of recycling plastic waste which can be transformed into its chemical constituents including dimethyl carbonate and bisphenol A (BPA). Such researchers present lucrative growth opportunities for market growth.

Restraints

Huge Demand And Supply Gap For Dimethyl Carbonate

As the expanding application of dimethyl carbonate in various sectors, the manufacturers are facing huge challenges to meet the surging global supply. These challenges multiplied several folds post the COVID-19 outbreak when the expansion of production plants needed to be temporarily paused during the lockdown. The prices of raw materials are also increasing at a high rate with rising market demand for dimethyl carbonate and limited supply, which pose huge restrictions over the dimethyl carbonate market.

Impact of COVID-19 on Dimethyl Carbonate Market

The unprecedented COVID-19 pandemic outbreak significantly halted the growth of the global dimethyl carbonate market. The lockdown imposed by the countries to mitigate the virus spread negatively impacted both the production as well as the supply of dimethyl carbonate. The operations of major end-user industries such as consumer electronic production, battery production, paints, and coatings, etc., were also obstructed due to social distancing norms and shortage of workforce. Due to these factors, the dimethyl carbonate manufacturers had to face huge losses during the COVID-19 period.

Global Dimethyl Carbonate Market - By Synthesis

Based on synthesis, the global dimethyl carbonate market is segmented into methanol phosgenation, oxidative carbonylation of methanol (ENI), oxidative carbonylation of methanol via methyl nitrate (UBE), ethylene carbonate transesterification process (ASAHI), urea transesterification, and direct synthesis from CO2. The production of industrial dimethyl carbonate commonly involves the reaction of methanol with carbon monoxide and oxygen. Due to the creation of an azeotrope, the procedure yields a combination of methanol and DMC that cannot be separated by simple distillation.

Dimethyl Carbonate Market - By End-User

Based on end-user, the global dimethyl carbonate market is segmented into plastics, paints & coatings, pharmaceuticals, batteries, agrochemicals, and others. The paints & coatings segment accounts for the largest market share owing to its prominent use in making environment-friendly solvents including coatings, adhesives, and cleaning agents. However, the batteries segment also covers a substantial market share as they are commonly used as an electrolyte in lithium-ion batteries used in consumer electronic goods as well as electric vehicles.

Dimethyl Carbonate Market - Regional Insights

Geographically, the global dimethyl carbonate market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. North America dominates the global dimethyl carbonate market owing to the increasing construction activities for public and private infrastructure development. Furthermore, the presence of leading dimethyl carbonate makers also acts as a significant factor in propelling the overall market growth. However, the Asia-Pacific region is projected to register the highest CAGR during the forecast period.

Competitive Landscape

The leading market players of the global dimethyl carbonate market are Sabic, Liaoning Oxiranchem, LOTTE, CNSG Anhui Redsifang, Mitsubishi Chemical, Shandong Depu Chemical, UBE, Hi-tech Spring, Shida Shenghua, Tongling Jintai Chemical, Shandong Wells Chemicals, Merck KGaA, Panax Etec, Kowa Company Ltd., Arrow Chemical Group Corp., Kishida Chemical Co. Ltd., Haike Chemical Group, Guangzhou Tinci Materials Technology Co., Ltd., AkzoNobel, EMD Millipore Corporation, and other prominent players.

The global dimethyl carbonate market is highly fragmented with the presence of several global and regional industry players. The companies significantly invest in research and development activities to expand their product scope. They are also establishing new production plants to boost their output and product penetration. Furthermore, the adoption of competitive strategies such as partnerships, mergers, acquisitions, collaborations, etc., is also prominent in this market.

Recent Development

  • In February 2022, Lotte Chemical, a South Korean chemicals company, announced the investment of USD 500 million to boost the output of ethylene carbonate and dimethyl carbonate at its complex in Daesan, South Korea.

Scope of the Report

Attributes Details
Years Considered Historical data – 2018-2021
Base Year – 2021
Forecast – 2022 – 2028
Facts Covered Revenue in USD Billion
Market Coverage U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia
Product Service/Segmentation By Synthesis, By Grade, By Application, By End-User, By Region
Key Players Sabic, Liaoning Oxiranchem, LOTTE, CNSG Anhui Redsifang, Mitsubishi Chemical, Shandong Depu Chemical, UBE, Hi-tech Spring, Shida Shenghua, Tongling Jintai Chemical, Shandong Wells Chemicals, Merck KGaA, Panax Etec, Kowa Company Ltd., Arrow Chemical Group Corp., Kishida Chemical Co. Ltd., Haike Chemical Group, Guangzhou Tinci Materials Technology Co., Ltd., AkzoNobel, EMD Millipore Corporation, and other prominent players.

 

By Synthesis

  • Methanol Phosgenation
  • Oxidative Carbonylation Of Methanol (ENI)
  • Oxidative Carbonylation Of Methanol Via Methyl Nitrate (UBE)
  • Ethylene Carbonate Transesterification Process (ASAHI)
  • Urea Transesterification
  • Direct Synthesis From Co2

By Grade

  • Industry Grade (>99.0 Weight %)
  • Pharmaceutical Grade (>99.5 Weight %)
  • Battery Grade (>99.9 Weight %)

By Application

  • Polycarbonate Synthesis
  • Battery Electrolyte
  • Solvents
  • Reagents
  • Others

By End-User

  • Plastics
  • Paints & Coatings
  • Pharmaceuticals
  • Batteries
  • Agrochemicals
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Latin America (LATAM)
  • Middle-East & Africa (MEA)
  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumption & Limitation
  3. Executive Summary
  4. Global Dimethyl Carbonate Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
    3. Recent Development/Technological Advancement
    4. Regulatory Framework
    5. Export-Import Analysis, 2018-2021
    6. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  5. Global Dimethyl Carbonate Market Overview
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecaste
      1. By Grade
        1. Industry Grade
        2. Pharmaceutical Grade
        3. Battery Grade
      2. By Applications                                 
        1. Polycarbonate Synthesis
        2. Battery Electrolyte
        3. Solvents
        4. Reagents
        5. Others
      3. By End Industry Use
        1. Paints and Coatings
        2. Plastic
        3. Pharmaceuticals
        4. Batteries
        5. Agrochemicals
        6. Others
      4. By Region
        1. North America
        2. Europe
        3. The Asia Pacific
        4. Latin America
        5. The Middle East & Africa
  6. North America Dimethyl Carbonate Market  
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Grade
      2. By Application
      3. End Industry Use
      4. By Country
        1. United States
        2. Canada
  7. Europe Dimethyl Carbonate Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Grade
      2. By Application
      3. End Industry Use
      4. By Country
        1. Germany
        2. France
        3. United Kingdom
        4. Spain
        5. Italy
        6. Rest of Europe
  8. The Asia Pacific Dimethyl Carbonate Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Grade
      2. By Application
      3. End Industry Use
      4. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Rest of Asia Pacific
  9. Latin America Dimethyl Carbonate Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Grade
      2. By Application
      3. End Industry Use
      4. By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
  10. The Middle East & Africa Dimethyl Carbonate Market
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Grade
      2. By Application
      3. End Industry Use
      4. By Country
        1. Saudi Arabia
        2. UAE
        3. South Africa
        4. Iran
        5. Rest of Middle East & Africa
  11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market/Ranking Share Analysis, 2021
    3. Competitive Benchmarking, By Operating Parameters
  12. Impact of COVID on Global Dimethyl Carbonate Market
    1. Impact On Overall Dimethyl Carbonate Industry
    2. Impact On Supply Chain of Dimethyl Carbonate
      1. Price Variation of Key Raw Materials
      2. Production Shutdown
    3. Impact On Market Demand of Dimethyl Carbonate
    4. Impact On Pricing of Dimethyl Carbonate
  13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, SWOT Analysis and Strategic Outlook) *
    1. Alfa Aesar
    2. Thermo Fisher Scientific
    3. Ube Industries Ltd
    4. Merck KGaA
    5. Shandong Shida Shenghua Chemical Group Co., Ltd.
    6. KOWA American Corporation
    7. HaiKe Chemical Group Ltd.
    8. Arrow Chemical Group Corp.
    9. Guangzhou Tinci Materials Technology Co., Ltd.
    10. Tokyo Chemical Industry Co., Ltd.
    11. Tongling Jintai Chemical Industrial Co., Ltd.
    12. Kishida Chemical Co. Ltd
    13. Tangshan Chaoyang Chemical Co., Ltd.
    14. Panax Etec
    15. Kowa India Pvt. Ltd.
    16. Hefei TNJ Chemical Industry Co., Ltd.
    17. Other Prominent Players
  14. Key Strategic Recommendation

 

List of Figures

 

Figure 1: Global Dimethyl Carbonate Segmentation

Figure 2: Global Dimethyl Carbonate Market Value Chain Analysis

Figure 3: Company Market Share Analysis, 2020

Figure 4: Global Dimethyl Carbonate Market Size, By Value (USD Million), 2018-2028

Figure 5: Global Dimethyl Carbonate Market Share, By Grade, By Value, 2018-2028

Figure 6: Global Dimethyl Carbonate Market Share, By Application, By Value, 2018-2028

Figure 7: Global Dimethyl Carbonate Market Share, By End User, By Value, 2018-2028

Figure 8: Global Dimethyl Carbonate Market Share, By Region, By Value, 2018-2028

Figure 9: North America Dimethyl Carbonate Market Size, By Value (USD Million), 2018-2028

Figure 10: North America Dimethyl Carbonate Market Share, By Grade, By Value, 2018-2028

Figure 11: North America Dimethyl Carbonate Market Share, By Application, By Value, 2018-2028

Figure 12: North America Dimethyl Carbonate Market Share, By End User, By Value, 2018-2028

Figure 13: North America Dimethyl Carbonate Market Share, By Country, By Value, 2018-2028

Figure 14: Europe Dimethyl Carbonate Market Size, By Value (USD Million), 2018-2028

Figure 15: Europe Dimethyl Carbonate Market Share, By Grade, By Value, 2018-2028

Figure 16: Europe Dimethyl Carbonate Market Share, By Application, By Value, 2018-2028

Figure 17: Europe Dimethyl Carbonate Market Share, By End User, By Value, 2018-2028

Figure 18: Europe Dimethyl Carbonate Market Share, By Country, By Value, 2018-2028

Figure 19: Asia-Pacific Dimethyl Carbonate Market Size, By Value (USD Million), 2018-2028

Figure 20: Asia-Pacific Dimethyl Carbonate Market Share, By Grade, By Value, 2018-2028

Figure 21: Asia-Pacific Dimethyl Carbonate Market Share, By Application, By Value, 2018-2028

Figure 22: Asia-Pacific Dimethyl Carbonate Market Share, By End User, By Value, 2018-2028

Figure 23: Asia-Pacific Dimethyl Carbonate Market Share, By Country, By Value, 2018-2028

Figure 24: Latin America Dimethyl Carbonate Market Size, By Value (USD Million), 2018-2028

Figure 25: Latin America Dimethyl Carbonate Market Share, By Grade, By Value, 2018-2028

Figure 26: Latin America Dimethyl Carbonate Market Share, By Application, By Value, 2018-2028

Figure 27: Latin America Dimethyl Carbonate Market Share, By End User, By Value, 2018-2028

Figure 28: Latin America Dimethyl Carbonate Market Share, By Country, By Value, 2018-2028

 

List of Tables

 

Table 1: Global Dimethyl Carbonate Market Size, By Grade, By Value, 2018-2028

Table 2: Global Dimethyl Carbonate Market Size, By Application, By Value, 2018-2028

Table 3: Global Dimethyl Carbonate Market Share, By End User, By Value, 2018-2028

Table 4: Global Dimethyl Carbonate Market Size, By Region, By Value, 2018-2028

Table 5: North America Dimethyl Carbonate Market Size, By Grade, By Value, 2018-2028

Table 6: North America Dimethyl Carbonate Market Size, By Application, By Value, 2018-2028

Table 7: North America Carbonate Market Share, By End User, By Value, 2018-2028

Table 8: North America Dimethyl Carbonate Market Size, By Country, By Value, 2018-2028

Table 9: Europe Dimethyl Carbonate Market Size, By Grade, By Value, 2018-2028

Table 10: Europe Dimethyl Carbonate Market Size, By Application, By Value, 2018-2028

Table 11: Europe Dimethyl Carbonate Market Size, By End User, By Value, 2018-2028

Table 12: Europe Dimethyl Carbonate Market Size, By Country, By Value, 2018-2028

Table 13: Asia-Pacific Dimethyl Carbonate Market Size, By Grade, By Value, 2018-2028

Table 14: Asia-Pacific Dimethyl Carbonate Market Size, By Application, By Value, 2018-2028

Table 15: Asia-Pacific Dimethyl Carbonate Market Size, By End User, By Value, 2018-2028

Table 16: Asia-Pacific Dimethyl Carbonate Market Size, By Country, By Value, 2018-2028

Table 17: Latin America Dimethyl Carbonate Market Size, By Grade, By Value, 2018-2028

Table 18: Latin America Dimethyl Carbonate Market Size, By Application, By Value, 2018-2028

Table 19: Latin America Dimethyl Carbonate Market Size, By End User, By Value, 2018-2028

Table 20: Latin America Dimethyl Carbonate Market Size, By Country, By Value, 2018-2028

Table 21: Middle East & Africa Dimethyl Carbonate Market Size, By Grade, By Value, 2018-2028

Table 22: Middle East & Africa Dimethyl Carbonate Market Size, By Application, By Value, 2018-2028

Table 23: Middle East & Africa Carbonate Market Size, By End User, By Value, 2018-2028

Table 24: Middle East & Africa Dimethyl Carbonate Market Size, By Country, By Value, 2018-2028

Table 25        Alfa Aesar Company Overview

Table 26        Alfa Aesar Financial Overview

Table 27        Thermo Fisher Scientific Company Overview

Table 28        Thermo Fisher Scientific Financial Overview

Table 29        Merck KGaA Company Overview

Table 30        Merck KGaA Financial Overview

Table 31        Shandong Shida Shenghua Chemical Group Co., Ltd. Company Overview

Table 32        Shandong Shida Shenghua Chemical Group Co., Ltd. Financial Overview

Table 33        HaiKe Chemical Group Ltd.  Company Overview

Table 34        HaiKe Chemical Group Ltd.  Financial Overview

Table 35        Guangzhou Tinci Materials Technology Co., Ltd. Company Overview

Table 36        Guangzhou Tinci Materials Technology Co., Ltd. Financial Overview

Table 37        Tokyo Chemical Industry Co., Ltd.  Company Overview

Table 38        Tokyo Chemical Industry Co., Ltd.  Financial Overview

Table 39        Tongling Jintai Chemical Industrial Co., Ltd.  Company Overview

Table 40        Tongling Jintai Chemical Industrial Co., Ltd.  Financial Overview

Table 41        Kishida Chemical Co. Ltd Company Overview

Table 42        Kishida Chemical Co. Ltd Financial Overview

Table 43        Tangshan Chaoyang Chemical Co., Ltd. Company Overview

Table 44        Tangshan Chaoyang Chemical Co., Ltd. Financial Overview

Table 45        Panax Etec Company Overview

Table 46        Panax Etec Financial Overview

Table 47        Kowa India Pvt. Ltd.  Company Overview

Table 48        Kowa India Pvt. Ltd.  Financial Overview

Table 49        Hefei TNJ Chemical Industry Co., Ltd. Company Overview

Table 50        Hefei TNJ Chemical Industry Co., Ltd. Financial Overview

Market Segmentation

By Synthesis

  • Methanol Phosgenation
  • Oxidative Carbonylation Of Methanol (ENI)
  • Oxidative Carbonylation Of Methanol Via Methyl Nitrate (UBE)
  • Ethylene Carbonate Transesterification Process (ASAHI)
  • Urea Transesterification
  • Direct Synthesis From Co2

By Grade

  • Industry Grade (>99.0 Weight %)
  • Pharmaceutical Grade (>99.5 Weight %)
  • Battery Grade (>99.9 Weight %)

By Application

  • Polycarbonate Synthesis
  • Battery Electrolyte
  • Solvents
  • Reagents
  • Others

By End-User

  • Plastics
  • Paints & Coatings
  • Pharmaceuticals
  • Batteries
  • Agrochemicals
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Latin America (LATAM)
  • Middle-East & Africa (MEA)
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Frequently Asked Questions (FAQs):

Ans: The dimethyl carbonate market reached USD 860.9 million in 2021.
Ans: The major factors driving the growth of the dimethyl carbonate market are; increasing use of dimethyl carbonate in battery production and rising research and development activities surrounding dimethyl carbonate.
Ans: The key players in the dimethyl carbonate market are: Sabic, Liaoning Oxiranchem, LOTTE, CNSG Anhui Redsifang, Mitsubishi Chemical, Shandong Depu Chemical, UBE, Hi-tech Spring, Shida Shenghua, Tongling Jintai Chemical, Shandong Wells Chemicals, Merck KGaA, Panax Etec, Kowa Company Ltd., Arrow Chemical Group Corp., Kishida Chemical Co. Ltd., Haike Chemical Group, Guangzhou Tinci Materials Technology Co., Ltd., AkzoNobel, EMD Millipore Corporation, and other prominent players.
Ans: The paints and coatings segment accounted for the largest share in the dimethyl carbonate market.
Ans: North America has the largest share in the dimethyl carbonate market.