Global Dimethyl Carbonate (DMC) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029
Dimethyl carbonate (DMC, Methyl carbonate, Carbonic acid dimethyl ester) is an organic compound with the formula OC(OCH3)2. It is a colorless, flammable liquid. It is classified as a carbonate ester. This compound has found use as a methylating agent and more recently as a solvent that is exempt from the restrictions placed on most volatile organic compounds (VOCs) in the US. Dimethyl carbonate is often considered to be a green reagent.
Dimethyl Carbonate (DMC) is a colorless, fast evaporating, mild non-offensive odor VOC exempt solvent with a wide range of applications. It is used in the manufacturing of lithium-ion batteries, production of polycarbonates, lubricants, polyurethanes, cleaning and degreasing solvents, construction materials such as paints and adhesives, fuel additives, and in biodiesel production.
Dimethyl Carbonate (DMC) is also considered a green reagent. It is used as a methylating and carbonylating reagent in organic synthesis.
DMC is a flammable liquid with a flash point of 17 °C (63 °F), which limits its use in consumer and indoor applications. DMC is still safer than acetone, methyl acetate and methyl ethyl ketone from a flammability point of view. DMC has a recommended exposure limit (REL) limit of 100 ppm by inhalation over an 8-hour work day, which is similar to that of a number of common industrial solvents (toluene, methyl ethyl ketone). Workers should wear protective organic vapor respirators when using DMC indoors or in other conditions where concentrations exceed the REL. DMC is metabolized by the body to methanol and carbon dioxide, so accidental ingestion should be treated in the same manner as methanol poisoning.
Market Overview:The latest research study on the global Dimethyl Carbonate (DMC) market finds that the global Dimethyl Carbonate (DMC) market reached a value of USD 495.66 million in 2022. It’s expected that the market will achieve USD 598.03 million by 2028, exhibiting a CAGR of 3.18% during the forecast period.
The rapid development of the new energy battery industry has led to an increase in market demand for dimethyl carbonate.
The increasing demand for dimethyl carbonate for lithium-ion battery electrolyte is due to the widespread use of lithium-ion batteries in electric vehicles. At present, the transportation system relies heavily on oil as a fuel, and nearly 70% of the oil is used for transportation vehicles. This dependence makes environmentalists and economists increasingly worried. Increasing attention to environmental issues has prompted the adoption of electric vehicles. The widespread use of electric vehicles in the United States, France, China, Japan, Germany, the United Kingdom and other countries will inevitably lead to an increase in the adoption rate of lithium-ion batteries, thereby increasing the demand for dimethyl carbonate. This drives the development of the dimethyl carbonate industry.
Oil and gas prices fluctuate sharply.
The price and supply of raw materials are key factors for dimethyl carbonate producers to determine the cost structure of their products. The raw materials used to make dimethyl carbonate include methanol, ethylene oxide and carbon dioxide. Most of these raw materials are crude oil derivatives and are easily affected by commodity price fluctuations.
The increase in global demand for crude oil and the turmoil in the Middle East are the main factors causing the price fluctuations of dimethyl carbonate. The ethylene carbonate market is also affected by high transportation costs, with rising fuel prices and increased energy costs leading to high manufacturing costs. Manufacturers of dimethyl carbonate respond to the increase in manufacturing costs by ensuring that price increases are shared asymmetrically, with end users paying the majority share. Therefore, fluctuating oil and gas prices pose a challenge to the dimethyl carbonate market.
Region Overview:In 2022, the share of the Dimethyl Carbonate (DMC) market in APAC stood at 68.22%.
Company Overview:Shida Shenghua is one of the major players operating in the Dimethyl Carbonate (DMC) market, holding a share of 23.52% in 2023.
Shida Shenghua
Shandong Shida Shenghua Chemical Group is run by China University of Petroleum (UPC). As a national key high-tech enterprise, the company is specialized in scientific research, production, sales and service in the field of new green energy and new materials, striving for a more green and friendly living environment for human.
Lotte Chemical
Lotte Chemical Corp. is engaged in the manufacture of petrochemicals. It operates through the following businesses: Resin products, Basic petrochemicals and Chemicals.
Segmentation Overview:By type, Industrial Grade segment accounted for the largest share of market in 2022.
Industrial Grade
Industrial Grade Dimethyl Carbonate (DMC) is used for commercial and industrial purposes. However, like many other types, it is not pure enough for any kind of food, medicine or medical use.
Pharmaceutical Grade
The purity of pharmaceutical grade Dimethyl Carbonate (DMC) is higher than that of industrial grade, and its safety is also higher than that of industrial grade. Therefore, the price of pharmaceutical grade Dimethyl Carbonate (DMC) is relatively higher.
Battery Grade
Battery grade Dimethyl Carbonate (DMC) is mainly used as a solvent for lithium battery electrolyte. The purity requirements of battery grade Dimethyl Carbonate (DMC) are very high, much higher than industrial grade. Therefore, the price of battery-grade Dimethyl Carbonate (DMC) is usually higher than that of industrial grade.
Application Overview:By application, the Polycarbonate segment occupied the biggest share from 2018 to 2022.
Key Companies in the global Dimethyl Carbonate (DMC) market covered in Chapter 3:Yulin Yunhua Green Energy Co., Ltd.
Sabic Spain
Hi-tech Spring
Shandong Feiyang Chemical Co., Ltd.
ENI
Shandong Wells Chemicals
Liaohe Oilfield
Shanxi Zhongke Huian Chemical Co., Ltd.
Tongling Jintai Chemical
Shida Shenghua
Shandong depu chemical
Eastern Hope Group
Lotte Chemical
UBE
In Chapter 4 and Chapter 14.2, on the basis of types, the Dimethyl Carbonate (DMC) market from 2018 to 2029 is primarily split into:Industrial Grade
Pharmaceutical Grade
Battery Grade
Others
In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Dimethyl Carbonate (DMC) market from 2018 to 2029 covers:Polycarbonate
Fuel Additive
Solvent
Lithium Battery
Pharmaceuticals
Pesticides
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)