Global Dimethyl Carbonate Market to Reach US$ 2.0 Billion by 2032, Propelled by Its Multifarious Applications Across Various Industries

July 10, 2023 | Chemical & Materials

According to the latest report by IMARC Group, titled “­­Dimethyl Carbonate Market by Grade (Industry Grade, Pharmaceutical Grade, Battery Grade), Application (Polycarbonate Synthesis, Battery Electrolyte, Solvents, Reagents, and Others), End Use Industry (Plastics, Paints and Coating, Pharmaceutical, Electronics, Agrochemicals, and Others), and Region 2024-2032,” the global dimethyl carbonate market size reached US$ 1.1 Billion in 2023. Dimethyl carbonate (DMC) is a chemical compound with the molecular formula C3H6O3. It is a clear, colorless liquid with a low boiling point and a mild, fruity odor. Dimethyl carbonate is widely used in various industries due to its excellent solvency properties and low toxicity. It is primarily produced through the reaction of phosgene with methanol and can also be derived from other carbonates or esters. Dimethyl carbonate finds extensive application as a solvent in industries such as paints and coatings, adhesives, pharmaceuticals, and electronics. In addition to this, it is used as an intermediate in producing polycarbonates, pharmaceuticals, and agrochemicals, a fuel additive, and an electrolyte component in lithium-ion batteries.

Global Dimethyl Carbonate Market Trends:

The global dimethyl carbonate market is primarily driven by the increasing product utilization as a solvent in the thriving paints and coatings industry. Dimethyl carbonate offers excellent solvency power, low toxicity, and low volatility, making it a preferred choice for formulating environmentally friendly coatings. Concurrent with this, stringent regulations and growing consumer awareness regarding the harmful effects of traditional solvents are fueling the adoption of dimethyl carbonate-based solutions. In addition to this, the rising demand for polycarbonates, which are extensively used in industries, such as automotive, electrical and electronics, and construction, due to their high strength, transparency, and thermal resistance, is presenting remunerative growth opportunities for the market. Moreover, the bolstering growth of the pharmaceutical sector, wherein dimethyl carbonate is utilized as a reagent in pharmaceutical synthesis, particularly in the production of carbamates, methyl isocyanates, and other active pharmaceutical ingredients (APIs), is contributing to the market growth. Furthermore, the surging popularity of lithium-ion batteries in various applications, including electric vehicles (EVs) and portable electronic devices such as smartphones, wearables, speakers, tablets, and laptops, is fostering the growth of the dimethyl carbonate market. Looking forward, the market value is projected to reach US$ 2.0 Billion by 2032, expanding at a CAGR of 7.3% during 2024-2032.

Market Summary:

  • On the basis of the grade, the market has been divided into industry grade, pharmaceutical grade, and battery grade. Currently, industry grade dominates the market, holding the largest share.
  • On the basis of the application, the market has been segregated into polycarbonate synthesis, battery electrolytes, solvents, reagents, and others. Among these, polycarbonate synthesis represents the biggest market segment.
  • Based on the end use industry, the market is categorized into plastics, paints and coating, pharmaceutical, electronics, agrochemicals, and others. At present, plastics account for the largest market share.
  • On a regional basis, the market has been segmented into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa. Presently, Asia Pacific enjoys the leading position in the market.
  • The competitive landscape of the market has also been examined, with some of the key players being Connect Chemicals GmbH, Kishida Chemical Co. Ltd., Kowa Company Ltd., Merck KGaA, Qingdao Aspirit Chemical Co. Ltd., Thermo Fisher Scientific Inc., Tokyo Chemical Industry, UBE Corporation, etc.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Grades Covered Industry Grade, Pharmaceutical Grade, Battery Grade
Applications Covered Polycarbonate Synthesis, Battery Electrolyte, Solvents, Reagents, Others
End Use Industries Covered Plastics, Paints and Coating, Pharmaceutical, Electronics, Agrochemicals, Others
Regions Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Connect Chemicals GmbH, Kishida Chemical Co. Ltd., Kowa Company Ltd., Merck KGaA, Qingdao Aspirit Chemical Co. Ltd., Thermo Fisher Scientific Inc., Tokyo Chemical Industry, UBE Corporation, etc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

134 N 4th St.
Brooklyn, NY 11249, USA
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Dimethyl Carbonate Market to Reach US$ 2.0 Billion by 2032, Propelled by Its Multifarious Applications Across Various Industries
Purchase options

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-714-6104


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More