Global Dimethyl Carbonate (DMC) Market Size By End-Use Industry, By Application, By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Dimethyl Carbonate (DMC) Market size was valued at USD 1.1 Billion in 2023 and is projected to reach USD 1.6 Billion by 2030, growing at a CAGR of 7.2% during the forecast period 2024-2030.
Global Dimethyl Carbonate (DMC) Market Drivers
The Market drivers for the Dimethyl Carbonate (DMC) Market can be influenced by various factors. These may include
Increased Need for Polycarbonate Production When making polycarbonates, dimethyl carbonate is employed as a methylating agent. The expansion of the DMC market is fueled by the rising demand for polycarbonates, which are used in electronics, construction, and the automotive industry.
Environmental Rules and Trends in Green Chemistry Dimethyl carbonate is regarded as a green and environmentally beneficial solvent. The need for DMC is being driven by companies looking for solvent alternatives as traditional solvents become less viable due to environmental regulations and the growing emphasis on sustainability.
Growth in Lithium-Ion Battery Needs DMC is employed in the manufacturing of lithium-ion batteries as an electrolyte and a solvent. The need for lithium-ion batteries rises as the market for portable electronics and electric cars grows, which in turn propels the DMC industry.
Growing Applicability in Chemical Synthesis as a Methylation Agent In several chemical synthesis processes, dimethyl carbonate is used as a methylation agent. DMC is in high demand in the agricultural, pharmaceutical, and other industries due to its versatility in chemical industrial applications.
Growing Paint & Coatings Sector Dimethyl carbonate finds use in the paint and coatings business as a solvent. The need for DMC in solvent applications is rising as this industry keeps growing due to building projects and industrial development.
Tight Rules Regarding VOC Emissions Many companies are concerned about emissions of volatile organic compounds, or VOCs. Because dimethyl carbonate has a low volatile organic compound (VOC), it is preferred over conventional solvents in order to comply with strict environmental requirements.
Emphasis on Green Technology and Sustainable Chemicals Because dimethyl carbonate is low in toxicity and has environmentally favourable qualities, its adoption is encouraged by the global trend towards sustainable chemicals and green technology.
Expanding Automobile Sector Dimethyl carbonate is used in the automobile sector to make adhesives, coatings, and other products. The demand for DMC is influenced by the global expansion of the automotive industry.
Rise in Pharmaceutical Usage Dimethyl carbonate is used in the production of pharmaceuticals. The demand for DMC is driven by the expansion of the pharmaceutical sector and the need for solvents that are environmentally benign.
Growing Markets in Asia Asia-Pacific is seeing tremendous industrial growth, especially in nations like China and India. The region’s growing manufacturing and chemical processing industries are the main drivers of the need for dimethyl carbonate.
Global Dimethyl Carbonate (DMC) Market Restraints
Several factors can act as restraints or challenges for the Dimethyl Carbonate (DMC) Market. These may include
Exorbitant Production Costs Dimethyl carbonate manufacture can require a number of intricate steps and raw materials, which raises the cost of the product considerably. This aspect may prevent DMC from being widely used, particularly in applications where cost is an issue.
Restricted Perception and Knowledge In some sectors and geographical areas, there may be a lack of knowledge and comprehension regarding dimethyl carbonate and its possible uses. Market expansion may be hampered by a lack of awareness since potential customers might not completely understand the advantages of DMC.
The accessibility of alternatives Dimethyl carbonate may compete with other compounds and solvents in some applications if they provide comparable functions. The existence of substitute items may limit DMC’s market expansion.
Regulatory Obstacles Despite being regarded as an environmentally beneficial solvent, dimethyl carbonate’s use in some applications may be impacted by regulatory frameworks. Obtaining the required approvals and adhering to rules can be difficult, especially in some businesses.
Addressing and Moving Concerns Dimethyl carbonate must be handled and carried out carefully since it is combustible. Its handling and transportation-related safety concerns may be a hindrance, especially in sectors with strict safety regulations.
Prices of Variable Raw Materials Prices for the raw ingredients methanol and phosgene, which are needed to make dimethyl carbonate, often fluctuate. Price fluctuations for raw materials may have an impact on DMC’s total manufacturing costs and pricing.
Technical Difficulties in Manufacturing Dimethyl carbonate synthesis may provide some technical difficulties, such as the requirement for particular catalysts and reaction conditions. For producers, overcoming these technological obstacles may be a barrier.
Restricted Range of Applications Dimethyl carbonate has a wide range of uses, however, its uptake might be restricted in some sectors of the economy or in areas where substitute compounds or solvents are better known.
Uncertainties in the global economy The demand for chemicals like dimethyl carbonate can be impacted by economic uncertainty and variations in the state of the world economy. A decline in demand can occur in several end-use industries during economic downturns.
Health and Safety Concerns Dimethyl carbonate is thought to have low toxicity, however, safety and health issues might still be present. For market approval, these issues must be resolved and safe handling procedures must be followed.
Global Dimethyl Carbonate (DMC) Market Segmentation Analysis
The Global Dimethyl Carbonate (DMC) Market is Segmented on the basis of End-Use Industry, Application, and Geography.
Dimethyl Carbonate (DMC) Market, By End-Use Industry
Automotive Polycarbonates for automotive purposes are produced using DMC.
Electronics Lithium-ion batteries and other electronic components are produced by the electronics industry using DMC.
Building Materials for building can use the polycarbonates made with DMC.
Dimethyl Carbonate (DMC) Market, By Application
Polycarbonate Synthesis DMC is frequently employed as a methylating agent in the manufacturing of polycarbonates, which are extensively utilised in the building, automotive, and electronics sectors.
Solvent DMC is used in paints and coatings, adhesives, medicines, and chemical synthesis, among other applications, as a green solvent.
Lithium-Ion Battery Electrolyte DMC is used to produce lithium-ion battery electrolytes, which helps to meet the industry’s rising demand from the electric vehicle and portable electronics industries.
Dimethyl Carbonate (DMC) Market, By Geography
Asia-Pacific Dimethyl carbonate has a substantial and expanding market in Asia-Pacific.
North America North America is a developed market for dimethyl carbonate, encompassing both the US and Canada.
Europe Europe’s leading nations in the dimethyl carbonate market are Germany, the UK, France, and others.
Key Players
The Major players in the Dimethyl Carbonate (DMC) Market are
BASF SE
UBE Industries, Ltd.
Kishida Chemical Co., Ltd.
Merck KGaA
Tongling Jintai Chemical Industrial Co., Ltd.
PANAX ETEC Corporation
Alfa Aesar
Thermo Fisher Scientific
Dongying City Longxing Chemical Co., Ltd.
Arrow Chemical Group Corp.
Tianjin Jinmao Group Co., Ltd.
Report Scope
REPORT ATTRIBUTES
DETAILS
Study Period
2020-2030
Base Year
2023
Forecast Period
2024-2030
Historical Period
2020-2022
Unit
Value (USD Billion)
Key Companies Profiled
BASF SE, UBE Industries, Ltd., Kishida Chemical Co., Ltd., Merck KGaA, Tongling Jintai Chemical Industrial Co., Ltd., PANAX ETEC Corporation, Alfa Aesar.
Segments Covered
By End-Use Industry
By Application
By Geography
Customization scope
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