Dimethyl Carbonate Price Trend

Dimethyl Carbonate Prices December 2023

The prices in China witnessed a slight decline in the domestic market, continuing a downward trend throughout the Q4 2023. Compared with the same quarter of the previous year, there was a notable decrease of 34% in prices, indicating the extent of the market volatility. Moreover, there was a 5% decrease in prices from the previous quarter, further reflecting the ongoing downward trend. However, towards the end of the quarter, market sentiments stabilized, with prices reached at 608 USD/MT in December 2023.

Dimethyl Carbonate Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Dimethyl Carbonate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of dimethyl carbonate pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of dimethyl carbonate at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of dimethyl carbonate price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing dimethyl carbonate price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Dimethyl carbonate Market Analysis

The global dimethyl carbonate market size reached US$ 1.1 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 2.0 Billion, at a projected CAGR of 7.30% during 2023-2032.

• As industries are seeking more environment friendly alternatives to traditional solvents the demand for dimethyl carbonate (DMC) is rising due to its low toxicity, biodegradability, and low volatile organic compounds (VOC). Moreover, the growing emphasis on sustainability and regulatory pressure to reduce environmental impact is increasing the adoption of green solvents like DMC.
• The dimethyl carbonate demand is further amplified by its utilization as a versatile chemical intermediate in various applications, such as pharmaceuticals, agrochemicals, electronics, and automotive.
• As per the International Energy Agency latest finding, the share of electric cars has more than tripled in three years, from around 4% in 2020 to 14% in 2022. The growing sales of electric vehicles (EVs) is influencing the need for lithium-ion batteries, which consequently is catalyzing the demand for DMC as it is utilized as an electrolyte solvent in lithium-ion batteries.
• Ongoing research and development (R&D) activities to optimize DMC production processes, improving its properties, and exploring new applications is bolstering the market growth. Additionally, innovations like the development of safer and more efficient electrolyte formulations for lithium-ion batteries further supporting the growth of the market.
• Governing agencies in several countries are undertaking initiatives to promote the use of eco-friendly chemicals, renewable energy technologies, and sustainable manufacturing processes, thereby stimulating the market growth.
• DMC is used in pharmaceutical products as a solvent or as an intermediate in the synthesis of active pharmaceutical ingredients (APIs). The IMARC Group’s report shows that the global active pharmaceutical ingredients (API) market is expected to reach US$ 357.0 Billion by 2032.
• The growing utilization of DMC in the production of certain pesticides and herbicides as a solvent or as a reactant in synthesis processes. Its relatively low toxicity compared to other solvents makes it advantageous in pesticide formulations. It is also employed as a solvent in industries such as coatings, adhesives, paints, and varnishes.

Dimethyl Carbonate News

The report covers the latest developments, updates, and trends impacting the global dimethyl carbonate market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in dimethyl carbonate production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the dimethyl carbonate price trend.

Latest developments in the dimethyl carbonate industry:

• In 2024, UBE Corporation announced plans to invest $500 million toward founding a dimethyl carbonate (DMC) plant at Cornerstone Energy Park in Jefferson Parish, Louisiana. The factory will be capable of producing 100,000 metric tons of DMC annually.
• In 2023, Merck, a leading science and technology company, invests approximately € 70 million to expand reagent manufacturing capacity in China.

Product Description

DMC is a colorless, clear, readily combustible liquid with a mild odor. It is an organic chemical with atoms of carbon, hydrogen, and oxygen. It is producible with excellent purity, and therefore, is an industry-grade pure chemical that can be used in industries such as pharmaceutical manufacturing, which requires a precise chemical composition. The DMC can reduce emissions significantly compared to the traditional fuels.

It is used in the electrolyte part of lithium-ion batteries because of its solvents capacity for lithium salts and its capacity to produce stable electrolyte solutions. Recent models burn more efficiently and cleanly, emitting less pollutants like particulate matter and nitric oxides. It has comparatively less toxicity than most of the other organic solvents that are regularly employed, which makes it safer for workers when handling it. It is also utilized as a primary feedstock in the synthesis of polycarbonates, which are high-strength polymers employed in several of uses including car components, electrical equipment and sound discs.

Regional Coverage

The report provides a detailed analysis of the dimethyl carbonate market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the dimethyl carbonate price trend. 

Global Dimethyl Carbonate Price

The report offers a holistic view of the global dimethyl carbonate pricing trends in the form of dimethyl carbonate price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of dimethyl carbonate but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed dimethyl carbonate demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Dimethyl Carbonate Price

The European region has experienced a bearish price trend owing to various factors affecting demand and market dynamics. In October, the prices declined because of weak demand from electrolyte solvent manufacturing and other end-use industries. In November, the prices were reduced due to low demand from downstream industries. Moreover, December further faced a decrease in prices owing to sustained subdued demand. Downstream industries maintained weak consumer inquiries, leading to negative market sentiments. Additionally, prices of upstream raw materials dropped.

In the first quarter of 2024, the European DMC market faced significant constraints that impacted heavily on the prices. Like the previous quarter, oversupply emerged as a primary issue, resulting in decreased demand and decline in prices. The constant sluggishness in demand from the downstream lithium-ion battery manufacturing sector remained a notable factor, as people maintained a cautious attitude amidst the downward price trend.

This analysis can be extended to include detailed dimethyl carbonate price information for a comprehensive list of countries.

North America Dimethyl Carbonate Price

In North America, the dimethyl carbonate market has witnessed mixed trends with fluctuating prices, influenced by multiple aspects affecting demand and consumer behavior.  The demand was erratic in the first month of the quarter because material availability was enough in the domestic market. However, in November, there was a significant improvement in economic conditions, with increased consumer spending and market activities. Despite this, the downstream industry experienced modest demand.

March 2024 brought several challenges for the North America dimethyl carbonate market. Despite a high supply of DMC, consumption remained sluggish, mainly due to cautious procurement by key players and subdued demand from the domestic automotive industry. Manufacturers are prioritizing long-term orders further intensify the situation, thereby leading to lower domestic inventories.

Specific dimethyl carbonate historical data within the United States and Canada can also be provided.

Middle East and Africa Dimethyl Carbonate Price

The report explores the dimethyl carbonate pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on dimethyl carbonate prices for countries can also be provided.

Asia Pacific Dimethyl Carbonate Price

The dimethyl carbonate pricing in the Asia Pacific region experienced a quite dynamic scenario in Q4 2023. Week demand from the downstream industries, along with regular supply, led to negative market sentiment, causing fluctuations in prices. Additionally, there were no significant price fluctuations between the first and second half of the quarter in China, suggesting a relative stabilization during that period. Overall, the primary factors influencing the price decline were weak demand and consistent supply.

The pricing landscape of dimethyl carbonate market in the first quarter of 2024 took a negative turn, with prices witnessing a notable decrease. Weak demand from downstream industries, mainly in battery and polycarbonate manufacturing, emerged as a primary driver of the downward trend. The sluggish inquiries and limited support from buyers exerted pressure on overall shipments, contributing to a subdued market performance.

This dimethyl carbonate price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Dimethyl Carbonate Price

The analysis of dimethyl carbonate prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of dimethyl carbonate pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting dimethyl carbonate price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The dimethyl carbonate price charts ensure our clients remain at the forefront of the industry.