Dimethyl Carbonate Market

Dimethyl Carbonate Market Analysis, By End-Use Industry (Automotive, Oil and Gas, Electronics, Pharmaceuticals, Agrochemicals, and Others), By Purity and Region - Global Market Insights 2023 to 2033

Analysis of Dimethyl Carbonate Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Dimethyl Carbonate Market Outlook (2023-2033)

The global dimethyl carbonate market is anticipated to be valued at US$ 1.2 billion in 2023 and it is anticipated to grow at a CAGR of 6.5% to reach US$ 2.2 billion by the end of 2033.

Dimethyl carbonate is used for the production of coatings, adhesives, cleaning products, and others. Further, dimethyl carbonate is also used as a raw material in the synthesis of organic compounds. Thus, diverse applications augment the growth of the DMC market.

Report Attributes


Estimated Market Value (2023E)

US$ 1.2 Billion

Forecasted Market Value (2033F)

US$ 2.2 Billion

Global Market Growth Rate (2023-2033)

~6.5% CAGR

North America Market Share (2023)


Europe Market Growth Rate (2023-2033)

~6.5% CAGR

East Asia Market Share (2023)


Key Companies Profiled

  • Hebei Jinchangsheng Chemical Technology Co., Ltd
  • Silver Fern Chemicals
  • UBE Corporations
  • High Chem
  • Tokyo Chemical Industry Co., Ltd. (TCI)

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Historic and Future Path for Dimethyl Carbonate Market

Dimethyl carbonate (DMC) is an eco-friendly sustainable compound that can be utilized effectively for the upgrading of several renewables such as triglycerides, polysaccharides, sugar-derived platform molecules, glycerol, fatty acids, and lignin-based phenolic compounds, among others. DMC acts as a methoxycarbonylating or methylating agent, for the modification of small bio-based molecules and for the synthesis of biopolymers. This, in turn, fuels the DMC sales growth.

  • Growth Factors for Short Term (2023-2026): Pullulating infrastructure development coupled with the booming automotive sector to reframe the DMC market growth outlook.
  • Factors for Medium-Term Growth (2026-2029): South Asia and Oceania along with East Asia remain highly lucrative markets for DMC sales growth. Flourishing the EV industry across India and China to bolster DMC growth.
  • Long Term Growth Opportunities (2029-2033): Various efforts led by market players to remain competitive in the highly fragmented market to create immense growth opportunities. Further, capacity expansion coupled with growing online sales, to drive sales of DMC.

Over the 2018-2022 historical period, the global dimethyl carbonate market registered a CAGR of 4.1%, according to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 6.5% CAGR between 2023 and 2033.

Dimethyl Carbonate market forecast by Fact.MR

Market share analysis of dimethyl carbonate based on purity and region is provided in a nutshell in the above image. Under the purity segment, the >98.0% sub-segment dominates with a 65.7% market share in 2023.

“Surging Demand for DMC as a Green Reagent to Bolster Sales Growth”

The intrinsic property of a DMC such as non-toxicity, higher solubility, and biodegradability makes it suitable to be utilized in a variety of end-use industries, including electronics, automobiles, agrochemicals, oil and gas, and others. DMC is also used to replace chemicals such as xylene which is regarded as an environmental contaminant, these are the major factors driving the DMC market.

Consumer shift towards a sustainable lifestyle and in support of that there is a rise in green building projects, which requires sustainable and eco-friendly materials for construction, owing to this DMC is witnessing huge demand as it is a sustainable material and non-toxic in nature. Thus, the flourishing construction sector coupled with government efforts to develop smart and sustainable cities bolsters augment the DMC market growth.

DMC is also used to upgrade certain renewable compounds, which are used in diverse verticals creating an immense growth opportunity for the market.

 “Growing Polycarbonate Demand: To Supplement Dimethyl Carbonate Sales”

Polycarbonate is a transparent polymer with high heat resistance and strength. Polycarbonate has huge applications in engineered thermoplastic, which are used in different industries such as consumer electronics, medicine, and other industries.

With the growing demand for consumer electronics, the demand for polycarbonate accelerates, and polycarbonate is produced by the chemical processing of dimethyl carbonate. Hence, DMC sales are anticipated to increase with the mushrooming demand for polycarbonate.

 “Fluctuation in Oil and Gas Prices to Hamper the DMC Market Growth”

Manufacturers in the dimethyl carbonate market employ raw materials such as methanol, carbon dioxide, ethylene oxide, and others in their manufacturing process, they are the derivatives of crude oil, and variations in the prices of these raw materials may result in reduced profit margins hampering the growth of the market.

Russia - Ukraine invasions, regulatory sanctions over oil and gas producing countries coupled with the hampered oil and gas supplies affect the overall demand and supply of the DMC market. Thus, the market player may face significant difficulties as a result of these variations in the cost structures of raw materials.

Country-wise Insights

Why the US Increases its Demand for Dimethyl Carbonate in the Coming Years?

The United States dimethyl carbonate market is expected to expand at a CAGR of 6.2% over the projected period.

The United States is among the world's largest manufacturers of electric vehicles. In the US, the EV sector is witnessing high growth potential, California holds the maximum sale of EV vehicles followed by Florida and New York, and in 2021, Tesla dominated the sales of EV vehicles. With the growth of EVs, the sales of DMC escalate as DMC is used as an electrolyte in the manufacture of lithium-ion batteries.

What Role does China Play in the Expansion of the DMC market?

China is the leading producer of polycarbonate and it is estimated that the increasing demand for a polycarbonate-based product drives the sales of dimethyl carbonate. Polycarbonate is used in automobiles, electronics, and many other products, and the demand for polycarbonate is increasing, subsequently increasing the demand for DMC, as it is used in polycarbonate production.

It is anticipated that China will lead the market in the forecast period and will grow at a CAGR of 6.9% and increases the sales of the product.

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Category-wise Insights

Why Automotive Industry Increases the Demand for Dimethyl Carbonate?

Since the automotive industry is proliferating globally, the sales of dimethyl carbonate are expected to reach their highest point in the coming years. For instance, the EV industry is anticipated to reach US$ 7.1 billion in India by 2025. India is also estimated to be a leading country in shared mobility by 2030, offering immense opportunities for electric and autonomous vehicles.

With the elevating automotive industry, DMC witnesses a prominent growth opportunity as DMC is used as an electrolyte for lithium-ion batteries for electric vehicles.

Will Market Growth Be Led by the Purity of the Product?

Based on purity, the industrial purity, >98.0% segment accounted for the highest market share in the dimethyl carbonate market in 2022 and it is expected that the segment will continue to hold a remarkable position in the market, owing to the high demand from the end-use industries such as automotive and electronics increases the sales of the DMC during the projection period.

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Market Titans Key Strategies

Prominent dimethyl carbonate manufacturers are Hebei Jinchangsheng Chemical Technology Co., Ltd, Silver Fern Chemicals, UBE Corporations, High Chem, Tokyo Chemical Industry Co., Ltd. (TCI), and Other Players.

Manufacturers are focused on expanding their territories across emerging nations to gain high-profit margins. Hence, acquisition and collaboration are preferred strategies for the market titans willing to expand their business. Digital platforms are enhancing the brand recognition of the market players and providing revenue growth opportunities to manufacturers.

Fact.MR has provided detailed information about the price points of key manufacturers of dimethyl carbonate positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Dimethyl Carbonate Industry Research

  • By Purity:

    • >98.0%
    • <98.0%
  • By End-Use Industry:

    • Automotive
    • Oil and Gas
    • Electronics
    • Pharmaceuticals
    • Agrochemicals
    • Others
  • By Region:

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

- FAQs -

What is the Global Dimethyl Carbonate Market Size?

The global dimethyl carbonate market is valued at US$ 1.2 billion in 2023.

How will the Market Perform over the Forecast Period?

During 2023-2033, sales of dimethyl carbonate increased at 6.5% CAGR.

Which Regional Dimethyl Carbonate Market Accounts for a Leading Market Share?

East Asia tops the global dimethyl carbonate market accounting for 27.5% market share.

Which Segment holds the Highest Market Share?

By purity segment, >98.0% account for 65.7% share of global sales.

Which Sub-Segment of End-Use Industries Holds the Highest Market Share?

Automotive sub-segment accounts for a 32.8% share of global sales.

What are the Factors Driving the DMC Sales Growth During the Forecast Period?

Factors such as growing demand for DMC from the flourishing automobile industry especially from electric vehicles bolster sales growth of DMC.

Who are the Major Players in the DMC Market?

Market players include Hebei Jinchangsheng Chemical Technology Co., Ltd, Silver Fern Chemicals, and UBE Corporations are majorly operating and dominating in the market.

Dimethyl Carbonate Market

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