Global Dimethyl Carbonate (DMC) Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Synthesis;
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.By Application;
Polycarbonate Synthesis, Solvents, Reagents, Battery Electrolyte, and Others.By Grade;
Industry Grade, Pharmaceutical Grade, and Battery Grade.By End-Use Industry;
Plastics, Paints & Coatings, Pharmaceuticals, Batteries, Agrochemicals, and Others.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Dimethyl Carbonate (DMC) Market (USD Million), 2021 - 2031
In the year 2024, the Global Dimethyl Carbonate (DMC) Market was valued at USD 1,014.43 million. The size of this market is expected to increase to USD 1,545.59 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.2%.
The global Dimethyl Carbonate (DMC) market has witnessed significant growth in recent years, driven by its versatile applications and increasing demand across various industries. Dimethyl Carbonate is a key organic chemical used as a solvent, intermediate, and in the production of other chemicals. Its eco-friendly properties and effectiveness in diverse applications make it a preferred choice in industries such as automotive, pharmaceuticals, and electronics.
The rise in environmental regulations and a growing emphasis on sustainability have propelled the demand for DMC, given its status as a green solvent with low toxicity and minimal environmental impact. The market is expanding due to its use as a cleaner alternative to traditional solvents, which often pose health and environmental risks. Furthermore, the increasing adoption of DMC in the production of batteries, particularly lithium-ion batteries, is contributing to market growth, driven by the expanding electric vehicle (EV) industry.
Global Dimethyl Carbonate (DMC) Market Recent Developments
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In February 2024, UBE announced plans to build a plant in the US with the capacity to produce 100,000 metric tons of dimethyl carbonate (DMC) annually and 40,000 metric tons of ethylene carbonate (EMC) derived from DMC each year. Additionally, UBE decided to increase its investment in UBE Cl Chemicals America, Inc. (UCCA), a subsidiary specializing in DMC/EMC manufacturing and marketing.
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In June 2023, Merck revealed plans to expand its production capacity for highly purified reagents at its facility in China. This expansion aims to support large-scale manufacturing of high-purity reagents for quality control and testing, particularly for biopharma clients.
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In February 2022, Lotte Chemical announced its intention to construct a new plant for the production of high-purity organic solvents, including dimethyl carbonate, which is used as an electrolyte in lithium-ion batteries.
Segment Analysis
Dimethyl carbonate (DMC) is synthesized through various methods, each offering unique advantages in terms of efficiency and environmental impact. Methanol phosgenation, a traditional approach, has been largely replaced by greener alternatives such as oxidative carbonylation of methanol, developed by ENI, and oxidative carbonylation via methyl nitrate, pioneered by UBE. The transesterification of ethylene carbonate, a process introduced by ASAHI, and the urea transesterification method provide additional pathways to produce DMC. Direct synthesis from carbon dioxide is gaining attention as a sustainable solution, leveraging CO2 as a feedstock to mitigate greenhouse gas emissions.
DMC serves a wide range of applications, underscoring its versatility in the chemical industry. It plays a key role in polycarbonate synthesis, a material extensively used in automotive, electronics, and construction industries. Additionally, it functions as a solvent and reagent in various chemical processes, a component in battery electrolytes for lithium-ion batteries, and has other niche applications. Its demand is driven by its utility in producing high-performance materials and its environmentally benign profile, especially in comparison to traditional solvents.
The product is categorized by grade to cater to diverse industry requirements. Industrial-grade DMC is widely used in large-scale manufacturing processes, while pharmaceutical-grade ensures high purity for use in drug synthesis. Battery-grade DMC meets stringent quality requirements to enhance performance and safety in battery applications. Across end-use industries such as plastics, paints and coatings, pharmaceuticals, batteries, agrochemicals, and others, DMC continues to be a critical raw material, enabling advancements in sustainable and high-performance solutions.
Global Dimethyl Carbonate (DMC) Segment Analysis
In this report, the Global Dimethyl Carbonate (DMC) Market has been segmented by Synthesis, Application, Grade, End-Use Industry and Geography.
Global Dimethyl Carbonate (DMC) Market, Segmentation by Synthesis
The Global Dimethyl Carbonate (DMC) Market has been segmented by Synthesis 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.
Methanol Phosgenation: This method is one of the traditional approaches for producing Dimethyl Carbonate (DMC). It involves the reaction of methanol with phosgene, resulting in DMC. The process is efficient but has certain environmental and safety concerns due to the use of phosgene, a highly toxic compound. Despite these concerns, methanol phosgenation remains prevalent in the market due to its established technology and high yield of DMC.
Oxidative Carbonylation of Methanol (ENI): ENI’s process for oxidative carbonylation involves the reaction of methanol with carbon monoxide and oxygen. This method is advantageous due to its ability to produce DMC with fewer by-products compared to traditional methods. The oxidative carbonylation process is considered more environmentally friendly and efficient, leading to its growing adoption in the global DMC market. ENI's technology has set a standard in the industry for sustainable and cost-effective DMC production.
Oxidative Carbonylation of Methanol Via Methyl Nitrate (UBE): UBE's method utilizes methyl nitrate as a reagent in the oxidative carbonylation of methanol. This approach provides a route to DMC with high selectivity and minimal by-products. UBE's process is known for its relatively lower environmental impact compared to other synthesis methods. It is particularly favored in regions with strict environmental regulations, contributing to its adoption in the global DMC market.
Ethylene Carbonate Transesterification Process (ASAHI): ASAHI's process involves the transesterification of ethylene carbonate with methanol. This method offers a unique route to produce DMC and is known for its lower environmental footprint. The ethylene carbonate transesterification process is gaining traction due to its efficiency and the ability to utilize alternative raw materials, aligning with the growing emphasis on sustainability in the chemical industry.
Urea Transesterification and Direct Synthesis from CO2: Urea transesterification and direct synthesis from CO2 are emerging methods for DMC production. The urea transesterification method involves the reaction of urea with methanol, while direct synthesis utilizes CO2 as a raw material, making it a more sustainable option. Both methods are innovative and offer potential advantages in terms of environmental impact and resource utilization. These newer approaches are expected to play a significant role in the evolving landscape of the global DMC market.
Global Dimethyl Carbonate (DMC) Market, Segmentation by Application
The Global Dimethyl Carbonate (DMC) Market has been segmented by Application into Polycarbonate Synthesis, Solvents, Reagents, Battery Electrolyte, and Others.
Dimethyl Carbonate (DMC) is primarily used in the synthesis of polycarbonates. Polycarbonates are a type of durable, high-performance plastic known for their optical clarity and impact resistance. DMC acts as a key reactant in the production of these materials, offering advantages such as lower toxicity compared to traditional methods. The growing demand for polycarbonates in various applications, including electronics, automotive components, and construction materials, drives the need for DMC in this segment.
In the solvent industry, DMC is valued for its versatility and environmentally friendly profile. It is used in a range of applications including paint thinners, cleaning agents, and adhesives. DMC is a preferred choice due to its low toxicity, low odor, and ability to dissolve a wide range of substances. The push towards greener solvents in industrial processes and consumer products has led to an increased adoption of DMC as a sustainable alternative to traditional solvents.
Dimethyl Carbonate is also employed as a reagent in chemical synthesis and laboratory applications. It serves as a methylating agent, providing methyl groups in various chemical reactions. This use of DMC is crucial in the synthesis of pharmaceuticals, agrochemicals, and specialty chemicals. The demand for DMC in this segment is driven by the growing need for innovative chemical processes and the expansion of research and development activities in the chemical and pharmaceutical industries.
DMC's application as a battery electrolyte is gaining traction due to its properties such as high dielectric constant and electrochemical stability. It is used in lithium-ion and other advanced batteries, enhancing their performance and safety. Additionally, DMC finds applications in other niche areas, including biodegradable polymers and as an intermediate in various chemical processes. The expansion of the electric vehicle market and advancements in battery technology contribute to the growing demand for DMC in these applications.
Global Dimethyl Carbonate (DMC) Market, Segmentation by Grade
The Global Dimethyl Carbonate (DMC) Market has been segmented by Grade into Industry Grade, Pharmaceutical Grade, and Battery Grade.
Industry Grade DMC is widely utilized in the chemical industry as a solvent in coatings, paints, and adhesives. It is preferred for its low toxicity, high solvency, and eco-friendly properties, making it suitable for applications that require strong performance without adverse environmental impacts. This grade is also used in the production of polymers and as a methylating agent in organic synthesis.
Pharmaceutical Grade DMC is designed to meet stringent quality standards required for use in the pharmaceutical industry. It serves as a solvent in the production of various drugs and pharmaceuticals, including those used in drug formulations and synthesis. Its high purity and compliance with regulatory requirements make it essential for ensuring the safety and efficacy of pharmaceutical products.
Battery Grade DMC is specifically formulated for use in lithium-ion batteries. This grade of DMC is crucial for improving the performance and longevity of batteries by acting as a solvent in electrolyte solutions. Its role in enhancing battery efficiency and stability has led to increased demand in the energy storage sector, particularly as electric vehicles and renewable energy technologies continue to grow.
Global Dimethyl Carbonate (DMC) Market, Segmentation by End-Use Industry
The Global Dimethyl Carbonate (DMC) Market has been segmented by End-Use Industry into Plastics, Paints & Coatings, Pharmaceuticals, Batteries, Agrochemicals, and Others.
In the plastics industry, DMC is utilized as a key ingredient in the production of polycarbonate plastics and as a solvent in polymerization processes. Its role in enhancing the performance characteristics of plastics, such as improved strength and durability, makes it a valuable component. The increasing use of plastics in automotive, electronics, and packaging sectors fuels the demand for DMC, contributing to its significant market share.
DMC is also employed in the paints and coatings industry due to its effectiveness as a solvent and its role in improving the drying properties of coatings. Its low toxicity and eco-friendly nature make it an attractive alternative to traditional solvents, which has driven its adoption in water-based and high-performance coatings. The growing emphasis on environmentally friendly coatings and stringent regulations on volatile organic compounds (VOCs) are key factors supporting the demand for DMC in this segment.
The pharmaceutical industry uses DMC as a reagent and solvent in the synthesis of various active pharmaceutical ingredients (APIs). Its role in drug formulation and production, coupled with its ability to improve the solubility and bioavailability of drugs, drives its demand in this sector. The expanding pharmaceutical industry, especially in emerging markets, and the increasing research and development activities contribute to the growth of DMC usage in pharmaceuticals.
In the battery industry, DMC is used as a solvent in electrolytes for lithium-ion batteries, enhancing performance and stability. The rise in electric vehicle adoption and energy storage solutions supports the demand for DMC in battery applications. Similarly, in agrochemicals, DMC serves as a solvent in the production of pesticides and herbicides, benefiting from the growing agricultural activities and need for effective crop protection solutions. The expansion in both sectors further bolsters the DMC market.
Global Dimethyl Carbonate (DMC) Market, Segmentation by Geography
In this report, the Global Dimethyl Carbonate (DMC) Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Dimethyl Carbonate (DMC) Market Share (%), by Geographical Region, 2024
In North America, the Dimethyl Carbonate (DMC) market is witnessing steady growth due to increasing demand from various end-use industries such as automotive, pharmaceuticals, and electronics. The United States is the dominant market in this region, driven by its advanced industrial base and significant investments in research and development. The presence of major DMC manufacturers and the growing adoption of green chemistry practices are further propelling market growth. Additionally, regulatory support for environmentally friendly chemicals and the shift towards sustainable manufacturing processes contribute to the expansion of the DMC market in North America.
Europe is a key market for Dimethyl Carbonate (DMC), supported by stringent environmental regulations and a strong emphasis on sustainability. The European Union's commitment to reducing carbon emissions and promoting green chemicals is fostering demand for DMC, especially in sectors like automotive, pharmaceuticals, and coatings. Countries like Germany, France, and the United Kingdom are leading the market due to their well-established industrial infrastructure and focus on innovative solutions. The region's advanced R&D facilities and the push for eco-friendly solvents are significant drivers of DMC adoption in Europe.
Asia Pacific represents the largest and fastest-growing market for Dimethyl Carbonate (DMC), primarily driven by rapid industrialization, urbanization, and increasing manufacturing activities in countries like China, India, and Japan. The region's booming automotive and electronics industries are significant consumers of DMC, owing to its use in various applications such as battery electrolytes and solvent systems. Additionally, the growing emphasis on sustainable practices and the development of new production technologies are expected to further boost DMC demand in Asia Pacific. The region's favorable economic conditions and large-scale industrial projects continue to drive market expansion.
The Dimethyl Carbonate (DMC) market in the Middle East and Africa is relatively nascent but shows promising growth prospects. The region's increasing investments in industrial diversification and the development of chemical manufacturing sectors are expected to drive demand for DMC. Key countries like Saudi Arabia and South Africa are focusing on expanding their chemical production capabilities and adopting more sustainable practices, which bodes well for the DMC market. Additionally, the growing need for green solvents and the rising emphasis on environmental regulations are anticipated to contribute to market growth in this region.
In Latin America, the Dimethyl Carbonate (DMC) market is experiencing gradual growth due to the increasing adoption of sustainable and eco-friendly chemicals. Brazil and Mexico are the leading markets in the region, driven by their expanding industrial sectors and growing focus on green chemistry. The demand for DMC in applications such as pharmaceuticals, coatings, and agrochemicals is rising as industries seek more environmentally friendly alternatives. Government initiatives and regional trade agreements are also supporting market growth, although challenges such as economic fluctuations and infrastructure limitations may impact the pace of expansion.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Dimethyl Carbonate (DMC) Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers
- Growing demand in electronics
- Rising industrial applications
- Expanding automotive sector use
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Environmental benefits over alternatives: Dimethyl carbonate (DMC) is a versatile chemical compound increasingly favored for its environmental benefits compared to traditional alternatives. As a solvent and a reagent in various industrial applications, DMC stands out due to its low toxicity and biodegradability. Unlike many conventional solvents that can have significant adverse effects on human health and the environment, DMC is considered less harmful. It has a lower potential for ozone depletion and contributes to reduced atmospheric pollution, aligning with global efforts to minimize the ecological footprint of chemical processes.
DMC's environmental advantages are further emphasized by its role as a greener alternative in the production of polycarbonate plastics and as a methylating agent in pharmaceuticals. Its use in these industries is seen as a step towards reducing the reliance on more hazardous chemicals like phosgene, which is known for its high toxicity and associated risks. DMC's production and application are also more sustainable, as it can be synthesized from renewable resources, including carbon dioxide, which helps in mitigating greenhouse gas emissions. This attribute positions DMC as a viable option in the quest for more eco-friendly chemical solutions.
DMC supports broader environmental goals by enabling the development of products with a smaller carbon footprint. Its integration into processes that previously depended on more harmful substances contributes to a reduction in overall environmental impact. As regulations tighten and industries seek to improve their sustainability practices, DMC offers a practical and beneficial alternative that aligns with both regulatory requirements and corporate social responsibility goals.
Restraints
- High production costs
- Regulatory challenges
- Limited raw material availability
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Competition from substitutes: The Global Dimethyl Carbonate (DMC) Market is influenced by competition from various substitutes, each presenting distinct advantages and challenges. Dimethyl Carbonate, a versatile organic solvent and reagent, is predominantly used in industries such as pharmaceuticals, agrochemicals, and coatings due to its low toxicity and environmental benefits. However, it faces competition from alternative solvents and reagents that offer similar or enhanced properties. For instance, propylene carbonate and ethylene carbonate are often employed as substitutes in applications like lithium-ion battery electrolytes and industrial solvents, leveraging their high polarity and stability.
In the realm of green solvents, carbon dioxide (CO2) in its supercritical state has emerged as a viable alternative to DMC, especially in extraction and cleaning processes. Supercritical CO2 is favored for its non-toxic and non-flammable properties, making it suitable for applications in pharmaceuticals and food processing. Furthermore, the growing trend toward sustainability and environmental regulations has prompted industries to explore CO2 as an eco-friendly substitute for DMC, challenging its market position.
Advances in bio-based solvents are introducing new competition for DMC. Bio-based solvents, derived from renewable resources, are gaining traction due to their lower environmental impact and alignment with green chemistry principles. Solvents such as bio-based ethyl lactate and terpenes are being developed and commercialized, offering alternatives that can compete with DMC in terms of performance and sustainability. As these substitutes continue to evolve and gain market acceptance, they pose a significant challenge to the growth and dominance of the DMC market.
Opportunities
- Expansion in renewable energy
- Innovation in manufacturing processes
- Emerging markets growth
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Increasing use in pharmaceuticals: The Global Dimethyl Carbonate (DMC) Market is experiencing significant growth due to the increasing use of DMC in the pharmaceutical industry. Dimethyl Carbonate is a versatile organic compound that serves as an effective solvent and reagent in various pharmaceutical processes. Its role in the synthesis of active pharmaceutical ingredients (APIs) and as a cleaner alternative to more hazardous solvents aligns with the industry's push for greener and more sustainable production methods. This growing emphasis on environmental safety is propelling the demand for DMC in the pharmaceutical sector, as it provides a safer and more eco-friendly option compared to traditional solvents.
In addition to its role as a solvent, DMC is increasingly utilized in the pharmaceutical industry for its application in drug formulation and as a reagent in pharmaceutical research and development. Its low toxicity and ability to dissolve a wide range of organic compounds make it a valuable component in the formulation of pharmaceuticals. Furthermore, the compound's use in the production of carbonylation reactions, which are essential in the creation of complex pharmaceuticals, highlights its importance in advancing drug development and manufacturing processes.
The rise in the global pharmaceutical market, driven by increasing healthcare needs and advancements in drug development, further boosts the demand for DMC. As pharmaceutical companies seek to enhance the efficiency and sustainability of their production processes, the adoption of DMC is expected to grow. This trend is supported by the ongoing efforts to replace harmful solvents with more environmentally friendly alternatives, ensuring that DMC remains a crucial player in the evolving pharmaceutical landscape.
Competitive Landscape Analysis
Key players in Global Dimethyl Carbonate (DMC) Market include:
- BASF SE
- Tosoh Corporation
- Shanxi Sanwei Group
- Ube Industries, Ltd
- Canoe Chemicals
- Kuraray Co., Ltd
- Vertellus Holdings LLC
- Huntsman Corporation
- Mitsubishi Gas Chemical Company, Inc
- Global Bio-Chem Technology Group Company Limited
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Synthesis
- Market Snapshot, By Application
- Market Snapshot, By Grade
- Market Snapshot, By End-Use Industry
- Market Snapshot, By Region
- Global Dimethyl Carbonate (DMC) Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Growing demand in electronics
- Rising industrial applications
- Expanding automotive sector use
- Environmental benefits over alternatives
- Restraints
- High production costs
- Regulatory challenges
- Limited raw material availability
- Competition from substitutes
- Opportunities
- Expansion in renewable energy
- Innovation in manufacturing processes
- Emerging markets growth
- Increasing use in pharmaceuticals
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Dimethyl Carbonate (DMC) Market, By Synthesis, 2021 - 2031 (USD Million)
- 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
- Global Dimethyl Carbonate (DMC) Market, By Application, 2021 - 2031 (USD Million)
- Polycarbonate Synthesis
- Solvents
- Reagents
- Battery Electrolyte
- Others
- Global Dimethyl Carbonate (DMC) Market, By Grade, 2021 - 2031 (USD Million)
- Industry Grade
- Pharmaceutical Grade
- Battery Grade
- Global Dimethyl Carbonate (DMC) Market, By End-Use Industry, 2021 - 2031 (USD Million)
- Plastics
- Paints & Coatings
- Pharmaceuticals
- Batteries
- Agrochemicals
- Others
- Global Dimethyl Carbonate (DMC) Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Dimethyl Carbonate (DMC) Market, By Synthesis, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- BASF SE
- Tosoh Corporation
- Shanxi Sanwei Group
- Ube Industries, Ltd
- Canoe Chemicals
- Kuraray Co., Ltd
- Vertellus Holdings LLC
- Huntsman Corporation
- Mitsubishi Gas Chemical Company, Inc
- Global Bio-Chem Technology Group Company Limited
- Company Profiles
- Analyst Views
- Future Outlook of the Market