H1 2023: The Dimethyl Carbonate market in the Chinese market displayed a bearish pricing trend in the first three months of 2023. A significant decline in the market prices was observed in January as a result of low operating rates at the facilities that produce cathode materials. Additionally, at this time the feedstock's cost support stayed on the lower end. A lower demand picture in February caused prices to drop even more as a result of the decline in sales of electric vehicles. Due to a fall in market activity in the downstream chemical manufacturing industry and a lower cost support from the upstream ethylene carbonate, prices fell even further in March 2023 in China. Due to a shortage in the Chinese domestic market, dimethyl carbonate prices marginally increased in April. Due to the closure of several production facilities in the Shandong region for maintenance, the supply decreased at this time. As a result, the region's product availability decreased. Due to a shortage of the product and heavy demand, price for dimethyl carbonate increased in China in the second half of June 2023. While there were limited product supplies in China during the Dragon Boat Festival, demand for the product increased from downstream lithium-ion battery manufacturers and other downstream sectors.
The global Dimethyl Carbonate market stood at approximately 926 thousand tonnes in 2022 and is anticipated to grow at a CAGR of 5.4% during the forecast period until 2032.
Dimethyl carbonate (DMC) is an organic solvent. Dimethyl carbonate's poor water solubility expands its uses in the detergent, paint and coating, and pharmaceutical industries. Dimethyl carbonate is a solvent that is safe for the environment and is used to produce adhesives, coatings, and cleaning products. Additionally, DMC is employed as a starting material for organic synthesis and in the processes of carbomethoxylation, carbonylation, and methylation. It is utilized in the production of lithium-ion batteries, polycarbonates, lubricants, polyurethanes, solvents for cleaning and degreasing, building supplies like paint and glue, fuel additives, and biodiesel. In order to create polycarbonate, polyurethane, pharmaceuticals, and agricultural chemicals, DMC (dimethyl carbonate) has been employed as an intermediary. Dimethyl carbonate is used as a fuel oxygenate in gasoline-based products and can be mixed with MTBE or alcohols. DMC is employed in systems that are solvent-borne for coating objects, building, traffic coatings, floor coatings, steel drum linings, and sealers for concrete. Dimethyl carbonate, or DMC, is a versatile solvent that works well as a paint thinner and as a carrier solvent for binders, pigments, and colorants.
Numerous industries, including electronics, automotive, consumer products, building and construction, and many more, use polycarbonate extensively. Due to qualities like transparency, strength, heat resistance, and chemical resistance, the polycarbonate’s demand is likely to rise and as a result dimethyl carbonate market due to rising demand in the electronics and automotive industries. Furthermore, the growth of the automotive industry in nations like China, Japan, and India are likely to propel the dimethyl carbonate market. The demand for low-cost and economical consumer items, such as power banks, speakers, smart home appliances, laptops, smartphones are also driving the dimethyl carbonate market. DMC's demand in the chemical sector is further boosted by the perception that it is a safer and greener substitute for conventional solvents and reagents. Due to its attributes including low volatility, low flammability, and low toxicity, it is a desirable substitute for more environmentally and human health-damaging conventional solvents like methylene chloride and chloroform. The global Dimethyl Carbonate market is anticipated to touch roughly 1550 thousand tonnes by 2032.
Asia Pacific was a significant contributor to the global market for dimethyl carbonate in 2022 The demand for dimethyl carbonate is anticipated to increase in the Asia Pacific area over the course of the projected period due to the significant expansion in the region's use of polycarbonates. Because of the rising demand for dimethyl carbonate in a variety of end-use applications, including cleaning agents, paints and coatings, adhesives, pesticides, and lithium-ion batteries, the dimethyl carbonate market in Asia Pacific is anticipated to grow at a promising rate over the course of the forecast period. The primary suppliers of dimethyl carbonate to the region's market are South Korea, China, and India.
Based on grade, the Dimethyl Carbonate market is divided into Industry, Battery, and Pharmaceutical Grade. In 2022, the industry grade category held a sizable portion of the worldwide market. Dimethyl carbonate of industry quality is utilized in a variety of industries, including construction, electronics, and the automotive sector. This segment's growth is further aided by increases in investments, technological advancements, and the need for electronics. Dimethyl carbonate demand has surged due to rising consumer disposable income and rising living standards, which have raised consumer demand for electronics and consumer items.
Based on the end-user industry, the global Dimethyl Carbonate market is divided into Polycarbonate Synthesis, Battery Electrode, Solvents, Reagents, and Others. Among these, Polycarbonate Synthesis is the major segment and held about 49% of the global Dimethyl Carbonate market in 2022.
Major players in the Global Dimethyl Carbonate market are KOWA American Corporation, UBE Industries, Qingdao Aspirit Chemical Co., Ltd., Shandong Shida Shenghua Chemical Co., Ltd., Tokyo Chemical Industry Co., Ltd., Shandong Haike Chemical Group Co., Ltd., Kindun Chemical Co., Limited, Alfa Aesar, Connect Chemicals, Dongying Hi-tech Spring Chemical Industry Co., Ltd., Guangzhou Tinci Materials Technology Co., Ltd., Haike Chemical Group, Hebei New Chaoyang Chemical Stock Co., Ltd.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
Objective of the Study:
• To assess the demand-supply scenario of Dimethyl Carbonate which covers production, demand and supply of Dimethyl Carbonate market in the globe.
• To analyse and forecast the market size of Dimethyl Carbonate
• To classify and forecast Global Dimethyl Carbonate market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Dimethyl Carbonate market in the globe.
To extract data for Global Dimethyl Carbonate market, primary research surveys were conducted with Dimethyl Carbonate manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Dimethyl Carbonate market over the coming years.
ChemAnalyst calculated Dimethyl Carbonate demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Dimethyl Carbonate. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Dimethyl Carbonate manufacturers and other stakeholders
• Organizations, forums and alliances related to Dimethyl Carbonate distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Dimethyl Carbonate manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Dimethyl Carbonate market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
926 thousand tonnes
Market size Volume in 2032
1550 thousand tonnes
Growth Rate
CAGR of 5.4% from 2023 to 2032
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2032
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by Grade, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Polycarbonate Synthesis, Battery Electrode, Solvents, Reagents, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Market Data & Insights
Table of Content
1. Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of Dimethyl Carbonate market in terms of value and volume.
2. Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Dimethyl Carbonate.
3. Capacity By Location
To better understand the regional supply of Dimethyl Carbonate by analyzing its manufacturers' location-based capacity.
4. Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
5. Production By Company [Quarterly Update]
Study the historical annual production of Dimethyl Carbonate by the leading players and forecast how it will grow in the coming years.
6. Demand by Grade
Learn about the various grades of Dimethyl Carbonate Industry, Battery, and Pharmaceutical Grade, and their demands. It will allow you to choose which grade to concentrate on when designing your strategy.
7. Demand by End- Use [Quarterly Update]
Discover which end-user industry (Polycarbonate Synthesis, Battery Electrode, Solvents, Reagents, and Others) are creating a market and the forecast for the growth of the Dimethyl Carbonate market.
8. Demand by Region
Analyzing the change in demand of Dimethyl Carbonate in different regions, i.e., North America, Europe, Asia Pacific, Middle East and Africa, and South America, that can direct you in mapping the regional demand.
9. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell Dimethyl Carbonate. Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
10. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Dimethyl Carbonate.
11. Company Share
Figure out what proportion of the market share of Dimethyl Carbonate is currently held by leading players across the globe.
12. Manufacturing Process
Discover insights into the intricate manufacturing process of Dimethyl Carbonate.
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into the worldwide outages affecting the commodity of interest. With every shutdown, it also reflects the impact on
supply of the product in the market at a Global level.
What was the net market size of Dimethyl Carbonate in terms of volume in 2022?
Ans:
The global market size of Dimethyl Carbonate has reached approximately 926 thousand tonnes in 2022
Q2.
Which region is the major consumer of Dimethyl Carbonate?
Ans:
Asia Pacific region is the leading consumer of Dimethyl Carbonate globally.
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